TradeWinds
Shipping Index

Owners face second KLC sting

TradeWinds digests the digits making the headlines this week.

Paper chase - key figures from shipping's favourite newspaper.


Stena Bulk chief Ulf Ryder.

2: Sovcomflot LPG newbuilidngs which have landed 15-year contracts with Sibur.

(Sovcomflot newbuildings bag long charters)

5: Capesize bulkers tossed on the scrap heap already this year, with Greek owner Polembros the latest to bite the bullet.

(Polembros sends another bulker to the breakers)

10: Potential LNG fleet for Stena Bulk as it looks to develop a foothold in the booming sector.

(Nothing speculative)

50: Bulkers set to return to Korea Line, including a batch from Eagle Bulk, which ailing KLC is trying to delay.

(Korea Line out to stop 50 bulkers)

33m: Cash Ofer company Tanker Pacific is said to have paid out for a suezmax as part of a major push in the sector.

(Tanker Pac swells suezmax line-up)

52m: Value of Platou’s offer for ACM which did not prove tempting enough for the Johnny Plumbe-led shop and, in the words of Richard Fulford-Smith, led to a missed opportunity for both camps.

(Platou still set on wet)

Digital digits - numbers hitting the headlines on www.tradewindsnews.com

4: Post-panamax newbuildings quietly booked by DryShips in China at $34m a pop.

(George in bulker blitz)


Teekay boss, Peter Evensen.

10,000: Cash per day Swiss Marine has paid for Classic Maritime to hire one of its bulkers.

(Classic paid to take cape)

53.25m: Dollars in Genco’s sights as it turns to Wall Street to help with debt repayments.

(Genco shares plunge again)

206m: Value of seven-bulker haul for Yangzijiang Shipbuilding in the first few weeks of 2012.

(Sneaky seven for Yangzijiang)

400m: Fire power still in reserve at Teekay LNG as it looks to follow up Maersk swoop with further buys.

(Evensen hungry for more)

460m: Tanker newbuilding blitz for China Merchants Energy Shipping which will run to 10 ships including VLCCs.

(CMES closes on VLCCs)

1bn: Negative swing in NOL’s annual profit after clocking its largest ever quarterly loss in the final three months of the year.

(NOL suffers Q4 bloodbath)

Published: 10:00 GMT, 24 Feb 12 | updated: 10:00 GMT, 24 Feb 12
Latest News
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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.

20:07 GMT, 22 May 2012
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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.

17:24 GMT, 22 May 2012
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Let’s make a deal

Creditor frees chemical tanker caught in the middle of $55m charter battle after penning new pact with Berlian Laju.

15:59 GMT, 22 May 2012
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Golar LNG Partners downed

John Fredriksen's FSRU spin-off sees Q1 earnings eroded by costs of adding Golar Freeze, but margins improve.

15:04 GMT, 22 May 2012
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Boyden back in business

Former Cantor Fitzgerald analyst wastes no time in starting up shipping coverage after clocking on at Global Hunter Securities.

14:49 GMT, 22 May 2012
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MOL joins rivals

Japanese owner adding one post-panamax to Middle East service operated by K Line and others.

14:27 GMT, 22 May 2012
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DFDS falls to a loss

But Danish owner sticking to profit forecast for 2012, despite over-capacity in North Sea ro-ro market.

13:35 GMT, 22 May 2012
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Dung on the run

Police hunt Vietnamese owner's former chairman in mismanagement case after he fled before arrest.

13:04 GMT, 22 May 2012
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Will you see an end product?

Clarksons questions if now is the right time to wade in with MR and LR newbuilding contracts.

11:57 GMT, 22 May 2012
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Dark day for boxship

Zodiac vessel held in Hong Kong after inspectors found faults relating to insufficient lighting.

09:26 GMT, 22 May 2012
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Vale rubbishes boycott talk

Brazilian mining giant says claims it is shunning the Chinese owner's vessels are wide of the mark.

08:38 GMT, 22 May 2012
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Yard window wide open

Deutsche Bank spots an opportunity for investors in South Korea’s major shipbuilders despite economic black clouds.

08:32 GMT, 22 May 2012
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