Sanko stuck in limbo
Seized bulker still in custody after Cobelfret helps troubled Japanese operator clear first hurdle in race to lift arrest.
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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.
Novoship trial begins in London
Russian tanker owner’s $135m corruption case against former UK boss Vladimir Mikhaylyuk opens without main defendant, who is ill.
‘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.
Pacific-Gulf stung by threat of arrest
Lebanese shipper races to seize US-flagged heavylift vessel following damage to gas turbine destined for Iraq.
Evergreen teams with Hanjin and UASC
Four 3,000 TEU containerships dedicated to new West Africa rotation on the heels of freshly minted partnership.
Nam Cheong shares looking hot
Investors should be making eyes at Malaysian shipbuilder following “stellar” start, analyst says.
Maersk’s Andersen unhappy
Danish giant’s first quarter results are largely in line with those of a year ago, but CEO “not satisfied”.
Jebsen cement carrier refloated
Malta Cement cleared to proceed after suffering small crack to hull in grounding off Sweden.
Ultrapetrol hit by drought
Soybeans drain away South American owner’s profit as river levels fall but offshore shows promise.
Fairstar chokes on poison pill
Oslo-listed owner bats away “low ball” takeover bid and gives Dockwise a dressing down.
Boxship exit burns MISC in Q1
Departure from container shipping arena drags Malaysian owner deeper into the red in the first quarter.
Hyundai Mipo Dockyard slumps
Korean shipbuilder falls short of market expectations in the first quarter.
FreeSeas inks deal to free cash
Agreement with fund manager will allow Ion Varouxakis-led owner to raise funds via share sales.
TTA improving, but still losing
Thai shipowner was firmly in the red in the second quarter, but results were better than Q1 disaster.
Northern hit by idle rigs
John Fredriksen’s other drilling company reports a second quarter loss as it prepares rigs for new charters.
NewLead Holdings bets on bluegrass
US-listed owner lines up surprise Kentucky thermal coal venture as massive debt load and losses prompt strategy shift.
Allied closes in on cash lifeline
Dimitris Marinis-backed operator says cash infusion will be the key to avoiding insolvency and restoring tarnished reputation.
Box Ships in profitable start
Michael Bodouroglou-led containership owner beings 2012 on a positive note with talk of market upturn.
Chartering
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Tankers
Burst of business in West Africa sends rates up nearly 70% to $30,000 per day.
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 two at 405.
4,250 teu:
2,700 teu:
1,100 teu:
Offshore
Two anchor fixtures led to a slight improvement in usage but overall not much has changed.
AHTS:
Large PSV:
Small PSV:
Euroseas sinks to $9m loss
Aristides Pittas-led bulker and boxship owner dragged down by loss from disposal of feeder vessel.
Allied ices talk of Achilles heel
Embattled Greek bulker clan's legal eagle says dry downturn wasn’t the root cause of crippling cash squeeze.
Otto adds to Africa work
Singapore offshore vessel owner sends another pair of anchor handlers to Africa on long-term charter.
Robbers hit tug off Singapore
Malaysian-registered vessel boarded by three men close to Raffles Lighthouse in early morning incident.
Fesco profit soars in first quarter
Russian liner company boosted by one-off gains despite weaker operating result as costs rise.
Masters blamed for Vietnam sinking
Pilot also found at fault after Truong Hai Star went down following clash with Thai bulker.
‘Relaxed’ Carsten Mortensen takes stock
Norden CEO buys up $170,000 worth of shares in the shipowner as he talks tactics on expansion and recruitment.
DVB Bank takes a dip in the first
Wolfgang Driese-led bank sees its first quarter numbers take a backward step in a difficult market.
North-Western reduces losses
Russian cargoship owner sees first quarter deficit shrink 31% despite revenue fall.
Dockwise move enters final straight
Oslo-listed owner launches unconditional mandatory offer for compatriot heavylift outfit Fairstar without raising bid.
Courage Marine up on sales
Disposals help Hsu Chih Chien-led bulker owner to curb first quarter loss.
Navy fires on first pirate camp
Groundbreaking raid on Somali coast base marks a new era in the fight against pirates.
Torm takes another sale hit
Danish owner confirms disposal of 50% stake in LR1 Torm Ugland for $5m loss.
Mermaid Maritime bags rig extension
Singapore-listed offshore owner seals $16m deal as it strips back losses.
RS Platou boost for Golar LNG
Falling share price draws an upgrade from analysts at Norwegian finance house.
Sungdong wins 10-ship order
PBHH of Malaysia signs up for big livestock carrier deal at South Korean yard.
Solvtrans stronger in first quarter
Norwegian wellboat owner pushes up profit as fleet utilisation rises.
Somali pirates held off Oman
Turkish naval forces intercept mothership, foiling tanker attack, and detain 14 gunmen.
Deeper red for STX Pan Ocean
South Korean owner sees first quarter deficit double following slump in major markets.
Tokyo Kisen's annual result weaker
Japanese tug owner hurt by lower revenue in year to 31 March, but current 12 months looking better.
Norden red but ahead in Q1
Danish owner sees bottom line change colour thanks to a huge impairment, but its adjusted figures beat forecasts.
Latest Articles
- Regulation fuels reality check
- Evergreen inks alliance
- Sanko stuck in limbo
- Business as usual?
- Wilson Sons curbed by costs
- Pacific-Gulf in the hot seat
- Jebsen ship refloated
- Novoship trial finally begins
- Nam Cheong looking hot
- Ultrapetrol hit by drought
- Hyundai Mipo slumps
- FreeSeas deal to free cash
- Fairstar chokes on poison pill
- Northern hit by idle rigs
- Box exit burns MISC again
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