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Solvang cited
US Coast Guard port inspections result in detention of Norwegian gas carrier, OSG tanker, ER Schiffart boxship and others.
Wallem on banks’ speed dial
TradeWinds digests the digits making the headlines this week.
Paper chase - key figures from shipping's favourite newspaper.
Simon Doughty, CEO of Wallem.
2: Korean yards which look set to be consigned to the history books with revival efforts at Sekwang and Samho thought to have failed.
10: New vessels potentially required by Korea Gas Corp to feed a fresh supply deal.
(Kogas could need 10 carriers for new work)
13: Panamax bulkers tossed on the scrap heap already in 2012, almost double the tally in the early days of last year.
(Latest sales lift scrap tally to 13)
14: Vessels landing at Wallem’s door having been taken over by financiers.
7m: Loss facing RWE following cash burning relet of an MOL VLCC.
(Charterer to shed $7m on VL relet)
47.2m: Greek bulker buy which has marked United Group Enterprises’ debut as a shipowner.
(Egyptian outfit joins bulker owning ranks)
500m: Potential bond debt for Deiulemar Compagnia di Navigazione — 10 times initial estimates.
(Probe into Deiulemar bond deals)
Digital digits - numbers hitting the headlines on www.tradewindsnews.com
0: Buys on the cards for Knightsbridge Tankers while it waits for asset price slump to settle down.
Ion Varouxakis, CEO of Freeseas.
3: BLT tankers facing arrest after the Indonesian owner failed to pay its latest charter bill to First Ship Lease.
10: Addition ships which could filter down to Teekay Tankers from its parent following near $70 equity issue.
(TK nears ‘transformative’ deal)
21: Crew onboard Freeseas bulker which has been snatched by pirates in the Arabian Sea.
37: Years for which OSG has been paying a dividend prior to pulling the plug this week.
8,585: New low benchmark for tankers, bulkers, containerships and gas carrier earnings, according to Clarksons which started a cross-sector index in 1990.
120m: Dollers laid down by Glencore to strengthen its hold of Singapore-listed bunker firm, Chemoil.
Latest News
Sanko Mineral still in custody
Cobelfret won’t be given a better seat at the bargaining table after dropping claim as talks to free ship continue, Sanko says.
Let’s make a deal
Creditor frees chemical tanker caught in the middle of $55m charter battle after penning new pact with Berlian Laju.
Golar LNG Partners downed
John Fredriksen's FSRU spin-off sees Q1 earnings eroded by costs of adding Golar Freeze, but margins improve.
Boyden back in business
Former Cantor Fitzgerald analyst wastes no time in starting up shipping coverage after clocking on at Global Hunter Securities.
MOL joins rivals
Japanese owner adding one post-panamax to Middle East service operated by K Line and others.
DFDS falls to a loss
But Danish owner sticking to profit forecast for 2012, despite over-capacity in North Sea ro-ro market.
Dung on the run
Police hunt Vietnamese owner's former chairman in mismanagement case after he fled before arrest.
Will you see an end product?
Clarksons questions if now is the right time to wade in with MR and LR newbuilding contracts.
Dark day for boxship
Zodiac vessel held in Hong Kong after inspectors found faults relating to insufficient lighting.
Vale rubbishes boycott talk
Brazilian mining giant says claims it is shunning the Chinese owner's vessels are wide of the mark.
Yard window wide open
Deutsche Bank spots an opportunity for investors in South Korea’s major shipbuilders despite economic black clouds.
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