Buying in bulk

TradeWinds digests the digits making the headlines this week.

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

14: Potential capesize haul for John Fredriksen’s Frontline 2012 as it starts its charge in the bulker market.

(Fredriksen sets up big capesize deal)

50: Percentage of owed cash that Samsun Logix creditors picked up in 2012 due to the terrible dry market.

(Samsun blames liquidity problems for payment cuts)

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250m: Newbuilding spend for Sinotrans as it plots double figure bulker order.

(Sinotrans to splash out)

70m: Market capitalisation of Korea Line, which is the subject of a five-way bidding war after the bankrupt owner was placed on the sales block.

(Five make pitch for failed Korea Line)

5: Capesize bulkers binned by Zodiac in the past 12 months following latest $6.5m demolition deal.

(Zodiac torches another cape)

8.5bn: Cash splashed by Greek owners on new and second hand ships during 2012.

(Greek owners pump $8.5bn into investments)

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

3m: Dollars Excel Maritime is thought to be picking up after scrapping one of its handymax bulkers.

(Attractive deal for Excel)

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2: Ultrabulk executives jumping ship to TTA to lead its first venture based in Europe.

(TTA in Euro advance)

24m: Debt payments deferred by Star Bulk after it struck a deal with Commerzbank, HSH Nordbank, ABN Amro and Agricole.

(Star defers)

1: DHT VLVV leaving Tankers International following the end of its run with OSG.

(DHT VLCC leaves TI)

2014: Year Wilbur Ross needs shipping markets to spring back if his high-profile debut in the sector is to pay off.

(Wilbur’s judgment date)

25.5m: Charge facing NS United Kaiun Kaisha after the Japanese owner gunned peak time contracts.

(NS United swings axe)