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Shipping Index
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Chandris torches tanker

Diversified Greek shipowner poised to make $8m as 1995-built vessel sails to beaches of Alang.
16:54 GMT, 09 Feb 2012
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Bulkers set for rough ride

Drewry Maritime Research pulls no punches in its latest assessment of the prospects for the dry bulk market.

00:39 GMT, 10 Feb 2012
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Seanergy Maritime sheds African Zebra

Dale Ploughman in the driver’s seat as US-listed bulker owner parts ways with ageing handymax at a loss of $2.4m.

21:32 GMT, 09 Feb 2012
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Ivar Lund sets sights on expansion

Swedish shipbroker celebrates centennial by spinning off management wing in a bid to cash in on chemical tanker upswing.

18:46 GMT, 09 Feb 2012
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Hijack sends Freeseas stock spinning

Nasdaq-listed owner sees market value drop by close to one tenth after one of its handies is snatched by Somali pirates.

16:16 GMT, 09 Feb 2012
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Doing business the Mc-Kinney Moller way

Eighteen months off his centenary Maersk Mc-Kinney Moller speaks of the philosophy behind success as a shipowner and entrepreneur.

15:49 GMT, 09 Feb 2012
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Did you play your cards right?

Trip to a Singaporean seer may have put a Lion City broker en route to crystal ball glory.

16:34 GMT, 08 Feb 2012
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Grand China fueds erupt in US courts

Norden and Oldendorff join fight to claw back cash from embattled Asian operator as judge orders asset freeze.

16:17 GMT, 09 Feb 2012
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Maersk cuts back shipping spend

AP Moller reveals more modest spending plans for its tanker and boxship arms as it battles cash burn.

15:48 GMT, 09 Feb 2012
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Clash captains held in probe

Masters of PIL boxship and Russian cargo vessel arrested in Japan following collision that sank the latter.

12:07 GMT, 09 Feb 2012
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Freeseas bulker hijacked

Nasdaq-listed owner sees one of its ships fall into pirate hands.

12:26 GMT, 09 Feb 2012
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Electromagnetic pulls in record profit

Oslo-listed seismic owner roars back from big deficit last year to card a personal best.

14:44 GMT, 09 Feb 2012
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Sovcomflot plots seismic orders

Russian owner’s boss Sergey Frank says $200m deal for two firm survey vessels being lined up at USC.

11:51 GMT, 09 Feb 2012
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Toei forecasting rates thaw

Japanese reefer owner expecting profitable fourth quarter despite nine-month losses widening.

13:51 GMT, 09 Feb 2012
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James Fisher wins BP work

UK shipping group to charter in three anchor-handlers to support oil major's tanker operations in Angola.

13:15 GMT, 09 Feb 2012
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Two out of three aint bad

JP Morgan shifts MOL and NYK out of neutral but K Line misses out on the fun.

11:30 GMT, 09 Feb 2012
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Franklin Resources ups holding in OSG

Hedge fund boosts stake in New York-quoted tanker owner to around one tenth.

10:32 GMT, 09 Feb 2012
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Bosporus shipping faces big delays

Key Turkish strait could be shut to all vessels for up to three days due to snowstorms.

11:37 GMT, 09 Feb 2012
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Skaugen joins Oslo bond blitz

Norwegian owner adds its name to the list of companies cashing in on a blistering hot Oslo bond market.

09:07 GMT, 09 Feb 2012
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Queen Mary 2 suffers power cuts

Two black-outs on Carnival-owned cruiseship off Australia during maintenance work.

10:27 GMT, 09 Feb 2012
Chartering
free news
Tankers

Million-barrel vessels put on points in West Africa as fixing picks up.

VLCC:

even

Suezmax:

up

Aframax:

even

15:01 GMT, 09 February 2012
Dry Cargo

BDI climbs again with panamaxes again putting up the most points.

Capesizes:

up

Panamaxes:

up

Supramaxes:

up

14:32 GMT, 09 February 2012
Containers

Hamburg Shipbrokers' Association's new ConTex containership chartering index drops a point to 388.

4,250 teu:

up

2,700 teu:

down

1,100 teu:

down

17:36 GMT, 09 February 2012
Offshore

Little change in the North Sea today with only one of each type of vessel fixed thanks to Statoil.

AHTS:

down

Large PSV:

down

Small PSV:

down

16:27 GMT, 09 February 2012
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Maersk more cautious after fire

Danish owner tightens up rules for taking volatile MEKP on board following Maersk Charlotte blaze.

10:54 GMT, 09 Feb 2012
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AQR dumps Omega Navigation shares

Connecticut-based fund flogs remaining interest in George Kassiotis-led tanker owner.

11:51 GMT, 09 Feb 2012
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Terminal damage draws Odfjell cut

Nordea drops its buy tag on Oslo-listed owner after Rotterdam project dents profit.

09:32 GMT, 09 Feb 2012
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TGS Nopec sees strong 2012

Norwegian seismic outfit has positive outlook despite fourth quarter earnings drop.

11:24 GMT, 09 Feb 2012
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Brightoil predicts profit jump

Chinese tanker owner and bunker player says interim results will be better than those of a year ago.

07:41 GMT, 09 Feb 2012
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Gemini confirms Diamond tanker deal

Teekay and Konig suezmax pool welcomes Craig Stevenson's new venture on board.

09:32 GMT, 09 Feb 2012
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Knightsbridge may trim dividend

Concerns about older VLCCs coming off charter prompt Dahlman Rose to raise potential of reduced payout.

06:02 GMT, 09 Feb 2012

Business the Maersk way

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Two vessels aground in storm

Russian ro-ro and Turkish general cargoship forced ashore in Black Sea gales.

09:44 GMT, 09 Feb 2012
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Bad timing for delivery deluge

January saw the highest number of new VLCCs enter the market since 1975.

07:27 GMT, 09 Feb 2012
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CSCD suffers ‘sell’ call from UOB

Analysts at Singapore’s UOBKayHian downgrade China Shipping offshoot due to lack of positive catalysts.

08:45 GMT, 09 Feb 2012
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CSIC earnings soar after disposal

Chinese shipyard group boosted by share sales as 2011 profit jumps 190%.

07:14 GMT, 09 Feb 2012
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Giants join idle boxship fleet

Several ships of 8,000-teu and above have joined the ranks of idle containerships, says Alphaliner.

01:15 GMT, 09 Feb 2012
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G6 brings forward box tie-up

Grand and New World Alliance carriers starting Asia to Europe cooperation a month ahead of schedule.

15:34 GMT, 08 Feb 2012
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MOL testing tanker waters

Japanese giant invites inspections for 2007-built LR1 Delight Victoria in Singapore.

07:50 GMT, 09 Feb 2012
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Singapore Shipping reports flat earnings

Lion City-listed car carrier owner and manager grows revenue but not profit.

15:51 GMT, 08 Feb 2012
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Vale readies grand opening

Brazilian mining behemoth’s Subic Bay transhipment facility gears up for timely debut as VLOC sets sail.

18:05 GMT, 08 Feb 2012
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Asia-Europe trade slides in Q4

Liner volumes between Asia and Europe saw an above average decline in the last quarter of 2011, says RS Platou.

03:08 GMT, 09 Feb 2012
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Indian engineer lost from bulker

Chennai seafarer feared dead after going overboard from Poompuhar Shipping Corp vessel.

10:14 GMT, 08 Feb 2012
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Vancouver sees mixed 2011

After strong showing in 2010 Canada’s largest port sees growth take on a more subdued performance.

00:35 GMT, 09 Feb 2012
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Peter Georgiopoulos called to testify

Creditors move forward with attack on tycoon's 'side deal' and bankrupt tanker owner’s dealings with Oaktree Capital.

19:54 GMT, 08 Feb 2012
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RS Platou Markets tells OSG’s fortune

New York-listed owner may need to sell ships and gun dividend to fight cash burn, investment bank says.

10:43 GMT, 08 Feb 2012
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