TradeWinds digests the digits making the headlines this week.
Paper chase - key figures from shipping's favourite newspaper.
1: NYK VLCC which has been placed into lay-up as for sale board failed to attract the right kind of attention.
(NYK VL heads for cold lay-up)
2: Golden Destiny brokers, Ozgur Cubuk and Can Ekin Dinc, heading from Piraeus to Istanbul to front up new office.
(Greek S&P shop opens in Istanbul)
4: STX Pan Ocean ships heading for the exit in its latest round of vessel disposals.
30: Percentage holding in German owner Ernst Russ which is expected to be taken up by compatriot Peter Dohle.
(Russ talks partnership with Dohle)
12m: Cash laid down by Greek owner Polembros for a tanker as it continues buying run.
(Polembros in frame for tanker buy)
28m: Price fetched by S Livanos of Greece for its oldest VLCC, which it has owned since its delivery in 1993.
6bn – 7bn: Dollars in dividend paid out by Frontline, which is now running out of cash, according to Tor Olav Troim.
(Market waits to see how Frontline copes)
Digital digits - numbers hitting the headlines onwww.tradewindsnews.com
7: Frontline newbuildings which could be split from its trading fleet and placed in a spin-off company as part of restructuring drive, Tor Olav Troim says.
(Frontline could be split in two)
23: Eitzen Chemical ships being pulled out of pools at the struggling firm looks to pull away from trouble.
10,900: Daily pay-cut for Capital Product Partners capesize, with the smaller cheque accepted in exchange for a longer contract.
13m: Latest batch of pain for Torm's balance sheet, induced by cancellation of MR newbuilding.
200m: Fundraiser in the pipeline for John Fredriksen’s Frontline as it battles tanker blues, Arctic Securities estimates.
(Arctic takers Frontline’s pulse)
395m: Cash in the grasp of Diana Shipping which could now be diverted to newbuilding orders at eager yards, president says.
789m: Loss on its container shipping business since 2008 which have led MISC to quit the sector despite $400m exit cost.
