Lundh’s chemical coup
Swedish shipbroker races to cash in on management of small Turkish chemical tankers built on spec during the market boom.
Pirates opened fire on a Wilh Wilhelmsen car carrier which managed to avoid hijacking off the east coast of Africa on Monday.
Some damage has been caused to the 6,400-unit Tortugas (built 2006) after it was chased by pirates in two skiffs about 140 miles north of Madagascar.
There are no casualties to the UK-flagged ship’s crew of 24 comprising British, Norwegian, Swedish and Filipino seamen a spokesperson for the company told TradeWinds.

The attempted hijacking took place at around 14:00 UTC while the vessel was en route from Mombasa, Kenya to Singapore in ballast.
While confirming that the ship, which has P&I cover with Gard, had sustained some damage in the assault, the spokesperson was unable to confirm the extent of the damage. The ship has continued its voyage, however, and is not expected to divert to any port for repairs.
No naval forces are said to have come to the aid of the ship as there were none in the area at the time.
When asked how the vessel managed to avoid being hijacked the spokesperson said the master and crew followed the company’s security plan but would not elaborate.
TradeWinds has been told that the crew mustered in a safe room while the master remained on the deck, increasing speed and taking evasive manoeuvres.
The Lloyd's Register-Fairplay database lists the Tortugas as beneficially owned by Wilship and operated by Wallenius Wilhelmsen, both of Norway, with management from Wilhelmsen Lines Car Carriers of the UK
The high freeboard and relative speed of a car carrier such as the Tortugas would appear to make it an unlikely candidate for hijacking. However, a Zodiac Maritime Agencies-owned vehicles carrier has already fallen to pirates this year.
The 4,363-unit Asian Glory (built 1994) was seized in the Arabian Sea on 2 January while en route from Singapore to Saudi Arabia with cars and 25 crew. It remains in captivity and has been used on several occasions by its hijackers to rendezvous with other pirate groups along Somalia’s east coast.
Swedish shipbroker races to cash in on management of small Turkish chemical tankers built on spec during the market boom.
Great Lakes bulker specialist predicts another profitable year as expanded fleet lifts bottom line.
Investment banker Kevin O'Hara has rejoined New York boutique firm AMA Capital Partners after seven years.
Trade dwindling as Maersk and Hapag-Lloyd among those pulling out due to US and EU sanctions.
Shipowner Marc Saverys continues to sell off stock in shipbroker Clarksons.
Cargill steps in as South Korean charterer coughs up cash to cover early return of bulker to US-listed owner.
Singapore-listed offshore company sees revenue and earnings sliced by a quarter in the final period of 2011.
Axing of shareholder payouts at OSG may need to be accompanied by asset sales, analyst says.
Port of Liverpool owner ready to spend £250m on new containership facility at Seaforth.
Oslo-listed seismic outfit eases financial troubles with award of $13m deal.
Weaker bulker markets in third quarter sees Indian owner's profit chopped, but tankers improve.
Creditors are being supportive of Indonesian owner’s restructuring efforts, says Kevin Wong.