TradeWinds digests the digits making the headlines this week.
Paper chase - key figures from shipping's favourite newspaper.
2: New contracts of affreightment K Line has penned with Chinese steel mill Wuhan Iron & Steel Corp.
3: Capesize bulkers taken in by Sinokor Merchant Marine this summer in deals tallying $50m
4: Ships in the fleet of Michael Ioannides’ Ocean Tankers which have been grabbed by banks – and the Cyprus-quoted company recons more trouble is to follow.
6: VLCC newbuildings in the eye line of Global Energy Maritime, a firm backed by U-Ming, Chinese Maritime Transport and Taiwanese energy group, CPC.
(New Taiwanese venture eyes giant order)
91m: Cash Korea Line is chasing, mostly from Grand China Logistics, as it looks to fight its way back onto its feet.
(Korea Line takes tough line on debt)
124m: Value of loan breached by Emirates Trading Agency, an act which has led to the arrest of one of its tankers in Singapore.
450m: Estimated value of Polembros Shipping’s Newcastlemax newbuildings at SWS after deal which doubled the Greek owner’s orderbook at the yard to eight.
(Polembros ups China bulk tally)
Digital digits - numbers hitting the headlines on www.tradewinds.no
0: Dividend to come from Frontline in the second quarter due to woe in VLCC market, RS Platou Markets warns.
2: Bulkers Newlead Holdings has been forced to sell after missing a loan repayment to a Greek bank.
3: LNG newbuildings added to the ever-expanding tally at John Fredriksen’s Golar.
30: Percentage points shaved off the value of second-hand VLCCs, according to the latest sale in the sector.
(VLCC values hammered/Embiricos linked to VLCC/VLCC price nightmare?)
40: Winks being taken by a crewman on a Norwegian cargo ship when it crashed off Rogaland.
43m/45m: Cash understood to have been stumped up by Cyprus Maritime for a Sanko capesize resale, a 75% fall from what the sale ship would have fetched in 2008.
143m: Full-year loss clocked up by tanker titan BP Shipping as it battled market challenges in 2010.
175m: Pre-tax loss staring Torm in the face in 2011 should the tanker market not take a turn for the better.