TradeWinds digests the digits making the headlines this week.

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

Michael Ioannides.

2: New contracts of affreightment K Line has penned with Chinese steel mill Wuhan Iron & Steel Corp.

(K Line wins COAs)

3: Capesize bulkers taken in by Sinokor Merchant Marine this summer in deals tallying $50m

(Sinokor’s caution pays off)

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.

(Ocean Tankers under siege)

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.

(Lenders squeeze ETA)

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.

(Frontline to ring changes)

John Fredriksen.

2: Bulkers Newlead Holdings has been forced to sell after missing a loan repayment to a Greek bank.

(Bank forces Newlead sales)

3: LNG newbuildings added to the ever-expanding tally at John Fredriksen’s Golar.

(Golar ups order tally)

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.

(Sleeping mate blamed)

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.

(Cape prices crash)

143m: Full-year loss clocked up by tanker titan BP Shipping as it battled market challenges in 2010.

(BP Shipping in red)

175m: Pre-tax loss staring Torm in the face in 2011 should the tanker market not take a turn for the better.

(Torm fires profit warning)