TradeWinds digests the digits making the headlines this week:
Paper chase - Key figures from shipping’s favourite newspaper:
1: VLGC Stolt-Nielsen’s Avance Gas is close to buying in a direct deal with Ghasan Ghandour.
(Avance closes in on VLGC addition)
2: BLT suezmaxes on the sales block in a deal which would mark the owner’s exit from the crude tanker market.
(Berlian Laju to exit suezmax sector with sale of duo)
3: Tsakos Energy Navigation suezmaxes snapped up on one-year deals by Stena Bulk at $20,000 daily each.
(Stena Bulk charters TEN ice-class trio)
5: Ships in capesize bulker order Sinotrans Shipping it plotting at Guangzhou Longxue Shipbuilding.
(Sinotrans moves on cape order in China)
25: Percentage drop in the value of 1990s built aframaxes indicated by the sale of the ironically named Morning Glory III.
(Teekay unmoved by falling values)
41.6: Millions of dollars spent on post-panamax resale by Oceanus, a $500m distressed asset fund led by George Economou’s son Christos.
(Economou fund pounces on first ship)
46m: Cost for Polaris Shipping to take two single-hull tankers for conversion into bulkers.
(Polaris to convert two more tankers)
105m: Price per ship SK Shipping must cough up for four new VLCCs at Hyundai Heavy Industries.
(Ordering tops $1bn for SK Shipping)
400m: Estimated funding shortfall for Nobu Su’s TMT on a pair of completed LNG vessels at Daewoo Shipbuilding & Marine Engineering.
(TMT under pressure to pay Daewoo)
Digital digits - Numbers hitting the headlines on www.tradewinds.no:
0: Love lost between Lord Sterling and the “smelly” truck drivers who inhabit Portsmouth port during the summer.
(Sterling angers "smelly" drivers)
4: PSV newbuildings ordered by Dean Taylor’s Tidewater at Drydock World.
10: Mega containership order in the pipeline for Sammy Ofer’s Zodiac at STX in South Korea.
(Ofer plots $1.2bn STX splash)
19: Years Carl Steen had spent as the head of shipping at Nordea before he revealed his plan to step down this week.
100m: Dollar loan handed to IPO hopeful Ridgebury Tankers by DVB Bank.
122.5m: Bills in the bag for China’s Yangzijiang Shipbuilding following Taiwan IPO.
200m: Share sale purse targeted by Great Offshore to fund fleet renewal.
660m: IPO target for MISC’s shipbuilding arm, Malaysia Marine & Heavy Engineering.
