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Lundh’s chemical coup
Swedish shipbroker races to cash in on management of small Turkish chemical tankers built on spec during the market boom.
Statoil takes two
Statoil has taken two platform supply vessels from the spot market as activity picked up in the North Sea Tuesday.
It has hired Solstad’s 4,381-dwt Normand Aurora (built 1999) for 14 days at NOK 75,000 a day and the 3,200-dwt Olympic Promoter (built 2005) at NOK 70,000 a day over the same period, brokers say.
MLS has also fixed up a vessel for two weeks, chartering the 275-tbp AHTS Siem Emerald at NOK 70,000 a day.
The UK market is less hindered by availability despite a handful of boats remaining unemployed.
Eon has hired the 3,150-dwt Dina Merkur (built 2006) for a cargo run plus options at £7,500 a day, while BG has stretched its hold on the 3,200-dwt Havila Aurora (built 2009) for another cargo run plus additional option at £7,250 a day.
Latest News
RLOG on the up
Great Lakes bulker specialist predicts another profitable year as expanded fleet lifts bottom line.
Full circle for finance man
Investment banker Kevin O'Hara has rejoined New York boutique firm AMA Capital Partners after seven years.
Iran facing shipping squeeze
Trade dwindling as Maersk and Hapag-Lloyd among those pulling out due to US and EU sanctions.
Strike three for Saverys
Shipowner Marc Saverys continues to sell off stock in shipbroker Clarksons.
DSX plays down Daelim drama
Cargill steps in as South Korean charterer coughs up cash to cover early return of bulker to US-listed owner.
Tough end for ASL Marine
Singapore-listed offshore company sees revenue and earnings sliced by a quarter in the final period of 2011.
Dividend chop just the start
Axing of shareholder payouts at OSG may need to be accompanied by asset sales, analyst says.
Peel plots post-panamax port
Port of Liverpool owner ready to spend £250m on new containership facility at Seaforth.
Seabird swoops on contract
Oslo-listed seismic outfit eases financial troubles with award of $13m deal.
GE earnings cut
Weaker bulker markets in third quarter sees Indian owner's profit chopped, but tankers improve.
BLT has some backing
Creditors are being supportive of Indonesian owner’s restructuring efforts, says Kevin Wong.
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