D’Amico joins 'eco' order race
Cesare d’Amico says design is a game-changer as banks flock to finance $267m worth of dry newbuilds inked at Chinese yard.
Navios offshoot dodges bareboat bullet
Navios South American Logistics avoids $30m product tanker raid by locking duo up for another four years.
Frangou monitors S&P scene
Unsettling trends in sale-and-purchase environment on exec’s radar as Navios Holdings prepares for prudent expansion push.
Kentucky kicker steals the spotlight
Dry researcher raises concerns about declining US coal production as NewLead Holdings gets cooking in the ‘Bluegrass’ state.
GasLog profit falls after New York IPO
Peter Livanos-led company sees first quarter dip and expects earnings to stay flat until newbuild arrives in January.
Yuri Nikitin must stand trial again
UK judge rejects bid to boot out Novoship's allegations of bribery against Russian businessman.
Teekay Corp back in black
Better rates and lower costs boost US-listed tanker and LNG carrier giant’s bottom line.
Master snored as ship grounded
UK report reveals tale of drunkenness, violence and tears as Karin Schepers travelled for two hours with no one awake on bridge.
TOO takes flight in the first
Teekay Offshore ready to ride the acquisition train while dishing out dividends following quarterly gain as liquidity tops $436m.
Sembcorp Marine bags upgrade work
Singapore-listed company’s Sembawang Shipyard to pocket $100m to revamp two LNG carriers and an FSO.
Seaspan Corp beats the Street
Gerry Wang-led boxship owner sees earnings come in ahead of analysts estimates.
Derivatives dent Teekay LNG
Financial losses push down first quarter profit at LNG arm of Teekay empire.
BP Shipping confirms PSV quartet
Oil giant admits to building four platform supply vessels at Hyundai Mipo for North Sea operations.
Francesco Schettino "unfit to command"
Italian court upholds house arrest of Concordia captain, saying he had shown himself unable to handle a crisis.
Murmansk heads into the red
Russian tanker owner makes small loss in first quarter as revenue drops 10%.
Drewry down on suezmaxes
UK research group pulls no punches in its latest assessment of the prospects for mid-size tanker segment.
Morgan Stanley drops Eagle Bulk
US investment bank has withdrawn its coverage of embattled Sophocles Zoullas-led supramax specialist.
California ports data mixed
US ports of Los Angeles and Long Beach have reported very different performances for the month of April.
Officer was just following orders
Mercator Lines bulker crewman tells US court captain ordered him to dump plastic pipes overboard as Gaurav Prem trial begins.
Heilan Cruiser saved from pirates
Attack on Nasco bulker newbuilding thwarted by Iranian warship in Sea of Oman.
Chartering
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Tankers
West African rates improve, while Persian Gulf numbers also edge up on Thursday.
VLCC:
Suezmax:
Aframax:
Dry Cargo
Capesizes continue to close the gap on panamaxes following another day of contrasting fortunes.
Capesizes:
Panamaxes:
Supramaxes:
Containers
Hamburg Shipbrokers' Association's new ConTex containership chartering index up three at 408.
4,250 teu:
2,700 teu:
1,100 teu:
Offshore
Aussie fund sells port stake
Australian infrastructure fund is offloading its 50% stake in eastern Australian port after twelve years.
Profits head north at Aegean
Record volumes and trading discipline combine to help US-listed bunker player make positive start to 2012.
Hallin Marine fixes Outer Limit
UK offshore vessel operator charters innovative catamaran subsea and offshore operations support craft.
Export laws fuel dry reality check
Clarkson analyst says Indonesia’s efforts to curb mineral exports will hurt but may buoy bulker market in the long-term.
Fire guts Shipping Corp of India ferry
Blaze tears through Harsha Vardhana while it was docked for repairs at Kidderpore, destroying cabins.
Sanko Steamship stuck in limbo
Seized bulker still in custody after Cobelfret helps troubled Japanese operator clear first hurdle in race to lift arrest.
‘Business as usual’ at Fairstar Heavy
Dockwise’s takeover target keeps its cool despite unwelcomed advances as it locks in juicy deal with John Fredriksen's Seadrill.
Evergreen teams with Hanjin and UASC
Four 3,000 TEU containerships dedicated to new West Africa rotation on the heels of freshly minted partnership.
Novoship trial begins in London
Russian tanker owner’s $160m corruption case against former UK boss Vladimir Mikhaylyuk opens without main defendant, who is ill.
Hyundai Mipo Dockyard slumps
Korean shipbuilder falls short of market expectations in the first quarter.
Pacific-Gulf stung by threat of arrest
Lebanese shipper races to seize US-flagged heavylift vessel following damage to gas turbine destined for Iraq.
Nam Cheong shares looking hot
Investors should be making eyes at Malaysian shipbuilder following “stellar” start, analyst says.
FreeSeas inks deal to free cash
Agreement with fund manager will allow Ion Varouxakis-led owner to raise funds via share sales.
Ultrapetrol hit by drought
Soybeans drain away South American owner’s profit as river levels fall but offshore shows promise.
Boxship exit burns MISC in Q1
Departure from container shipping arena drags Malaysian owner deeper into the red in the first quarter.
Fairstar chokes on poison pill
Oslo-listed owner bats away “low ball” takeover bid and gives Dockwise a dressing down.
Northern hit by idle rigs
John Fredriksen’s other drilling company reports a second quarter loss as it prepares rigs for new charters.
TTA improving, but still losing
Thai shipowner was firmly in the red in the second quarter, but results were better than Q1 disaster.
Jebsen cement carrier refloated
Malta Cement cleared to proceed after suffering small crack to hull in grounding off Sweden.
Box Ships in profitable start
Michael Bodouroglou-led containership owner beings 2012 on a positive note with talk of market upturn.
Latest Articles
- Frangou scans S&P scene
- D’Amico joins 'eco' order race
- Kentucky kicker
- Derivatives dent TGP
- GasLog falls after IPO
- TOO takes flight
- Master snored as ship grounded
- Teekay back in black
- BP confirms PSV quartet
- Nikitin must stand trial again
- Sembcorp bags upgrade work
- Seaspan beats the Street
- Schettino "unfit to command"
- Murmansk in the red
- Morgan Stanley drops Eagle
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