HMM tempted to China

TradeWinds digests the digits making the headlines this week.

Paper chase - key figures from shipping's favourite newspaper.

53.3m: Tempting price which has led Hyundai Merchant Marine to turn to a Chinese yard for new VLOCs.

(HMM to ink VLOC pair at Bohai)


600m: Cash laid down by BP for a 16 strong products tanker haul at Hyundai Mipo.

(BP inks $600m order)

5: Newbuildings being chalked up by Horizon Denizcilik at China’s Zhejiang Yangfan Shipyard.

(Horizon Denizcilik beefs up fleet)

1,000: Staff facing the axe at STX Offshore as the South Korean shipbuilder looks to fight back from financial trouble.

(Restructured STX to shed up to 1,000 employees)

1: Clarksons’ leader in Greece, George Margaronis, pictured, is set to clock on as the Latsis group’s new main man in London.

(Latsis poaches top man from Clarksons Hellas)

10m: Price TMT has fetched for a capesize bulker, which was not among its ships impacted by bankruptcy proceedings.

(TMT offloads capesize for bargain price)

2: Kyokuyo Shipyard newbuildings penned by Eipc Gas of Singapore as the company continues its expansion efforts.

(Epic Gas leaps up in ship capacity on Japan order)

Digital digits - numbers hitting the headlines on

325m: Final haul for Scorpio Bulkers’ IPO should underwrites clean up the stock on offer to them.

(SALT dips in NY debut)


1bn: Potential income for Tsakos Energy Navigation if long-tipped tie-up with Statoil performs to its maximum promise.

(Tsakos admits aframax deal)

230m: Cash laid down by Korea Line as it continues its comeback with a big bulker quartet.

(KLC goes large)

290m: Cash Greek owner Eletson Holdings is aiming to raise from a sale of notes.

(Eletson eyes $290m sale)

5: Years after leaving RS Platou for Pareto that Henning Leo Knutsen has returned to replace S&P supremo Wilhelm Holst at the Norwegian broker.

(Knutsen returns to Platou)

300,000: Dollars per day DNB believes VLGC rates could hit in 2015 aided by the enlarged Panama Canal.

(DNB sees VLGC spike)

1: Eco newbuilding added by Evangelos Pistiolis as Top Ships plots a comeback after fleet sale.

(TOPS joins eco brigade)