Peter G in the driver’s seat
Incumbent chairman, CEO and CFO of General Maritime Corp avoid the axe as backer Oaktree Capital installs 'new' regime.
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Ultrapetrol loses key Wall Street ally
Felipe Menendez-led owner dealt another blow as FBR Capital cuts research coverage despite encouraging endorsement.
AMP swallows OSL Holdings
Hong Kong bulker operators merge under AMP name, with major shareholder Mark Young remaining in CEO role.
Minsheng Shipping files for IPO
Chinese container line plotting share sale in Shanghai to raise money for new vessels.
False alarm for Maersk vessel
Fears of 20-skiff pirate hit on AP Moller ship off the coast of Iran prove wide of the mark.
Eitzen Chemical cuts cash burn
Oslo-listed owner posts smaller than expected loss as revenue climbs and costs shrink.
Fast start from Awilco LNG
Anders Wilhelmsen-backed owner cards better than expected figures in the first quarter.
Dolphin Group’s seismic sales soar
Oslo-listed operator reports revenue hike but higher costs keep it in the red.
Singapore Shipping Corp revs up earnings
Lion City-listed car carrier owner’s bigger fleet drives up net earnings.
Carnival Corp in dialysis drama
Cruise line says sorry for booting disabled woman off ship after mix-up involving misplaced blood-cleaning machine.
Chinese handbrake for tanker market
Falling oil demand in China will slow down rate recovery, RS Platou Markets says.
GO denies debt restructuring move
Indian offshore shipowner says it has no plans to seek reworking of borrowings.
Five in the hunt for JJ Sietas
Administrator confident of selling all three of bankrupt Hamburg shipbuilder's businesses.
Boxship demolition on the up
Pace of containership scrapping accelerates and has already surpassed total seen in 2011, says Alphaliner.
Viking Supply Ships makes losing start
TransAtlantic-owned offshore owner posts first quarter deficit due to weak North Sea spot market.
Alpha ferry in Greek smash
Two other ships damaged in collision that also saw Aqua Jewel hit the side at Kavala.
Somali pirates jailed for life
Ten gunmen sentenced to 25 years in Abu Dhabi for attacking Adnoc bulker in 2011.
Drydocks teams with Exmar
Dubai yard signs ship repair alliance agreement with Belgian gas ship player’s vessel management arm.
Scrap age hits new low
Thirteen-year-old containership sold for demolition sets new record for youngest scrapping candidate.
Trafigura heads for Singapore
Top commodities trader said to be deserting Swiss trading hub Geneva for ‘tax friendly’ Lion Republic.
Chartering
free news
Tankers
Activity picks up in Persian Gulf, but not enough to stop a dip in rates to Asia.
VLCC:
Suezmax:
Aframax:
Dry Cargo
Capesize and panamax markets slacken in both basins on a down day for the BDI.
Capesizes:
Panamaxes:
Supramaxes:
Containers
Hamburg Shipbrokers' Association's new ConTex containership chartering index up four at 412.
4,250 teu:
2,700 teu:
1,100 teu:
Offshore
UK-based oil giant takes four anchor handlers for a rig move while there were three other AHTS fixtures today, brokers say.
AHTS:
Large PSV:
Small PSV:
Steel output growth stagnates
Mixed news for the bulker market as global steel output showed little growth in April compared to a year ago.
GASS readies return to expansion mode
Harry Vafias-led LPG owner on the lookout for fresh tonnage as bottom line climbs in the first and newbuild nears completion.
Solvang cited for safety violations
US Coast Guard port inspections result in detention of Norwegian gas carrier, OSG tanker, ER Schiffart boxship and others.
Sanko Mineral remains 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.
BLT diffuses costly legal skirmish
Creditor frees chemical tanker caught in the middle of $55m charter battle after penning new pact with Berlian Laju.
Golar LNG Partners downed by interest
John Fredriksen's FSRU spin-off sees Q1 earnings eroded by costs of adding Golar Freeze, but margins improve.
Will owners see an end product?
Clarksons questions if now is the right time to wade in with MR and LR newbuilding contracts.
Vale rubbishes Cosco boycott talk
Brazilian mining giant says claims it is shunning the Chinese owner's vessels are wide of the mark.
MOL joins rivals for China run
Japanese owner adding one post-panamax to Middle East service operated by K Line and others.
Sentek snaps up Hero 1
Singapore bunker player said to have acquired former Maroil-owned VLCC for storage work.
Sanko cape sale delayed
Troubled Japanese shipowner is said to have postponed inviting offers on vessel following ship arrest in US.
Tacoma volumes head higher
Container traffic at top ten US port increased by 4.3% last month helped by an increase in imports.
DFDS falls to first quarter loss
But Danish owner sticking to profit forecast for 2012, despite over-capacity in North Sea ro-ro market.
Vinalines' Dung on the run
Police hunt Vietnamese owner's former chairman in mismanagement case after he fled before arrest.
Dark day for containership
Zodiac vessel held in Hong Kong after inspectors found faults relating to insufficient lighting.
Natasha Boyden is back in business
Former Cantor Fitzgerald analyst wastes no time in starting up shipping coverage after clocking on at Global Hunter Securities.
Hanjin Heavy in the black for Q1
South Korean shipbuilder's margins increase in first three months as Philippines operation produces the goods.
Shipyard share window is wide open
Deutsche Bank spots an opportunity for investors in South Korea’s major shipbuilders despite economic black clouds.
Sevan Marine switches to black
Teekay-controlled FPSO firm books a profit in the first quarter as restructuring efforts near an end.
Sealink off to poor start
Shipbuilding arm to blame once again as Malaysian offshore player sees profits slump by almost 50%.
ONGC comes under owners' fire
SCI and Greatship have a pop at charterer for booking elderly offshore vessels at rock-bottom rates.
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