Wilmar on market radar
Lion City agricultural syndicate in the spotlight following ADM partnership and freshly minted tanker transaction.
Star Bulk defeats Deiulemar
US-listed bulker owner emerges victorious in long-running charter battle with Deiulemar Shipping.
Lone wolf brands FRO with ‘buy’ tag
Analyst urges clients to indulge in shares of US-quoted tanker owner despite grim market forecasts.
Star Bulk sheds vintage cape
Spyros Capralos-led owner sells bulker for $78m below what it paid at the top of the market boom.
Allied Maritime assets in the crosshairs
Greek charterer’s legal tab skyrockets as judge freezes funds following alleged charter breach.
Saverys cashes Clarksons chips
Owner sells much of his reaming stake in the world’s largest shipbroker.
EDF takes in Diana panamax
New York-listed owner finds fresh two-year deal for vessel finishing stormy deal with Siba.
It’s all a question of presentation
Find out why it’s time the Turkish flag was given a more finance-friendly makeover.
Larger Rem Offshore rakes it in
Age Remoy-led owner puts up stronger fourth quarter figures aided by the addition of three extra vessels.
Fortune's FC Gloria free to go
South Korean tanker released in China after paying bail over phenol spill.
USC grabs another shipyard
Russian state holding company pays $61m for Vyborg plant, then awards it double ice-breaker order.
Wilson banks on euro revival
Norwegian mini-bulker owner slumps to loss for 2011, but says eurozone bail-outs could boost market this year.
Star Reefers scraps twin sisters
Oslo-listed owner collects a fraction over $6m from demo deal with cash set to pay back debts.
Owners face second Korea Line sting
Embattled bulker firm looking for more breathing space as around 50 ships are set to head back through its door.
New charges for Schettino
Charge sheet lengthens for Concordia captain accused of abandoning incapacitated passengers; Costa probe execs named.
Noble vessel nobbled by Xena
Warrior princess Lucy Lawless leads Greenpeace's occupation of US drillship in New Zealand.
Indonesia gets tough on drugs
Government says captains and crew to be tested for illegal narcotics and will lose licences if caught.
Barreras to cut 40% of workers
Troubled Spanish shipyard plans some serious staff downsizing, as well as salary cuts.
Larger fleet helps GC Rieber in Q4
Oslo-listed offshore owner sees operating numbers aided by arrival of newbuildings.
Belships hopes for bulker spring
Norwegian owner posts small loss for 2011, but believes rates have bottomed out and will improve in second quarter.
Chartering
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Tankers
Daily earnings dip to $30,000 per day to Asia after quieter week of fixing.
VLCC:
Suezmax:
Aframax:
Dry Cargo
Improvements in the capesize market again the catalyst for a strengthening of the BDI.
Capesizes:
Panamaxes:
Supramaxes:
Containers
Hamburg Shipbrokers' Association's new ConTex containership chartering index unchanged at 384.
4,250 teu:
2,700 teu:
1,100 teu:
Offshore
Anchor handler rates are continuing to climb as demand for tonnage remains strong.
AHTS:
Large PSV:
Small PSV:
Hiatus for Aker Philadelphia
Revenue disappears for US shipyard in fourth quarter as it builds speculative tankers.
Algoma earnings still climbing
Canadian owner boosted by takeover of Upper Lakes Group bulkers as profit soars.
Siem sees summer promise
Oslo-listed offshore owner has a positive view on the North Sea market this year.
Distressed deals are set to rise
D’Amico CEO Marco Fiori says 2012 will be a “fertile ground” for mergers and acquisitions.
Njord returns to Strategic
Norwegian operator of windfarm support vessels has ordered another eight vessels at Australian shipbuilder.
Klaipeda gets EU thumbs up
European Commission gives approval for EUR18m in state aid to finance new ferry terminal in Lithuania.
PCTC payday paves the way for ISC
Niels Johnsen says expansion may be on the menu as US-listed owner frees up cash in $59m sale-and-leaseback deal.
Cantor condemns OSG application
Ray LaHood and Marad loan programme under fire as Congress questions Overseas Shipholding Group’s dealings with Iran.
New York posts box record
US east coast port has set a new high for container traffic surpassing pre-crisis high set in 2007.
Teekay Tankers eyes acquisition trail
New York-quoted owner poised to pounce on aframax and suezmax tankers despite fourth-quarter loss.
Evensen hungry for more gas ships
Teekay LNG chief says Maersk swoop has not satisfied its appetite for tonnage in booming business.
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Navios income hit by Q4 freight weakness
But Angeliki Frangou led bulk carrier operator maintains an unchanged dividend.
Genco shares plunge again as offer priced
Peter Georgiopoulos led dry cargo company to raise $53m to boost finances.
StealthGas primed for fleet renewal
Harry Vafias-led LPG specialist readies expansion drive following fourth-quarter win and freshly minted sale of Gas Kalogeros.
ACM Shipping in Middle East merger
Mark Jewell-headed wing joins forces with ICON Chartering to boost Dubai venture.
Nord LB shipping boss sounds loan alarm
Klaus Stoltenberg has only bad news for Hamburg finance forum today.
D’Amico still stuck in the red
Milan-listed tanker owner slips a fraction deeper into negative territory in the final quarter of 2011.
Teekay Offshore cuts Q4 loss
New York-listed FPSO and shuttle tanker owner chops deficit and looks forward to expanding fleet.
Defaults send J Lauritzen into red
Danish owner says fleet fared well in 2011, but $60m of unpaid charter hire pushed it to a loss.
Aegean Marine tops forecasts
Greek bunker titan beats Wall Street bets in the fourth as focus turns to niche regions like the Mediterranean, analyst notes.
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