TradeWinds
Shipping Index
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Frontline OBO heads for demo

Oslo shipowner’s veteran combination carrier reportedly sold for scrap ‘as is’ Singapore, say brokers.
04:56 GMT, 28 May 2012
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TransPetro halts EAS orders

Brazilian state shipowner is said to have finally lost patience with domestic yard over delayed tankers.

03:27 GMT, 28 May 2012
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DSME VLCC offers fall short

Prompt VLCC resales said to have attracted a number of offers, but all fall short of yard's target price.

01:03 GMT, 28 May 2012
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Sanko Steamship sides with WBC

Embattled owner of Sanko Mineral endorses Western Bulk arrest as it will “mitigate the impact” of earlier legal actions.

15:23 GMT, 25 May 2012
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FOE splashes cash on floater

Fred Olsen Energy of Norway coughs up $700m to construct drilling rig in South Korea with an option for a second.

16:48 GMT, 25 May 2012
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Tsakos Energy unfazed by loss

CEO says LNG and shuttle tanker plays will make challenging quarters “a mere aberration” in owner’s 19-year history.

16:00 GMT, 25 May 2012
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Euroseas aims for $15m in fundraiser

Aristides Pittas-led owner has revealed details of its share issue designed to build funds for fleet expansion.

13:18 GMT, 25 May 2012
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International Chamber crowns new chairman

Spyros Polemis passes the torch to newly elected head of influential trade body at AGM in Australia.

16:28 GMT, 25 May 2012
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Novoship turns to first quarter loss

Russian tanker owner slumps into the red in first three months despite revenue rise.

14:50 GMT, 25 May 2012
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Fredriksen holds all the cards - as usual

Big John pulls another ace out of his sleeve as Frontline 2012 eyes expansion.

12:25 GMT, 25 May 2012
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Western Bulk makes Sanko move

Time-charterer of Sanko Mineral joins legal scrum by filing its own arrest on vessel in bid to finally deliver cargo.

10:27 GMT, 25 May 2012
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Smaller Frontline feels the pinch

John Fredriksen-led tanker owner's slimmer fleet produces reduced Q1 profit following restructuring.

09:48 GMT, 25 May 2012
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Rena duo get seven months

Captain and navigation officer jailed in New Zealand for disastrous grounding of Costamare boxship and attempts to cover up errors.

07:18 GMT, 25 May 2012
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Damen snaps up Swedish repair yard

Dutch shipyard group builds European repair network with capture of Oskarshamnsvarvet.

11:18 GMT, 25 May 2012
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Hadley bulker towed into Brest

UK's Clare heads to Damen repair yard after suffering propulsion problem off France.

11:01 GMT, 25 May 2012
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Hoegh stretches Norman Lady deal

Norwegian owner to make $6.5m from one-year extension of LNG carrier's charter to Gas Natural.

09:08 GMT, 25 May 2012
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Ransoms prove a heavy burden

Scan-Trans’ Lars Juhl reveals the weight of $1m in small notes, while AMP’s Mark Young celebrates a perfect marriage.

06:50 GMT, 25 May 2012
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Leaking Biostar saved from sinking

Pump keeps Norwegian cargoship afloat after second water-ingress incident in less than three years.

08:01 GMT, 25 May 2012
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Master held after collision

Barge captain breathalysed following clash with Chilean LPG carrier in Dutch canal.

08:36 GMT, 25 May 2012
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Daewoo clinches Swire newbuild deal

South Korean group wins $20m order for supply ship from Hong Kong owner.

07:28 GMT, 25 May 2012
Chartering
free news
Tankers

Persian Gulf rates stable at a little below $39,000 per day on Friday, with suezmax and aframax numbers also unchanged.

VLCC:

even

Suezmax:

even

Aframax:

even

13:51 GMT, 25 May 2012
Dry Cargo

Supramaxes slip into reverse as panamaxes and capes fall back further.

Capesizes:

down

Panamaxes:

down

Supramaxes:

down

13:26 GMT, 25 May 2012
Containers

Hamburg Shipbrokers' Association's new ConTex containership chartering index rises to 414.

4,250 teu:

up

2,700 teu:

up

1,100 teu:

up

17:29 GMT, 24 May 2012
Offshore

Charterer bags a trio of anchor handlers for the Borgland Dolphin move but activity remains muted, brokers say.

AHTS:

even

Large PSV:

even

Small PSV:

even

15:21 GMT, 25 May 2012
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A&P secures floatel jobs

UK ship repairer to convert two subsea construction vessels into pair of floating accommodation units.

04:32 GMT, 25 May 2012
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Goldenport sells MSC Finland

Paris Dragnis-led shipowner continues clear out of elderly tonnage with sale of 26-year-old containership.

07:05 GMT, 25 May 2012
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Total extends Pacific charter

Ofer family’s offshore drilling company sees contract on deepwater unit extended by another year.

03:25 GMT, 25 May 2012
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Tanker demo age heads lower

Large crude carriers now being scrapped at an average of twenty-one-years, says research from Bimco.

01:18 GMT, 25 May 2012
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Analyst forecasts curtain call at FRO

Frontline 2012’s $578m fleet expansion coup may set the stage for the unwinding of its maker, Wells Fargo warns.

17:58 GMT, 24 May 2012
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Bruised MSC boxship limps to Bahamas

Cause of Idil explosion still under investigation as containership heads to Freeport where MSC blast probe will resume.

19:35 GMT, 24 May 2012
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Golar LNG branded ‘buy’ at Evercore

Analyst urges clients to grab shares of Golar LNG Ltd as it prepares to hit the accelerator on FSRU dropdown and dividend.

20:54 GMT, 24 May 2012

Maersk culture change

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Ship Finance sweeps to Q1 profit hike

New York-listed shipowner surprises the street as it mulls separation of containership business.

14:59 GMT, 24 May 2012
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Berlian Laju breathes a little easier

Struggling shiponwer reaches second tentative legal settlement in less than a week as KPI Bridge Oil ices $2.5m bunker beef.

18:53 GMT, 24 May 2012
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Total fights Erika fine again

Last chance for oil major to overturn ruling on 1999 tanker sinking as appeals court hearing begins.

09:52 GMT, 24 May 2012
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Moody’s downs Navios Acquisition

Ratings firm trims grades amid unease about debt and delivery schedule attached to Greek tanker owner’s latest MR2 order.

16:22 GMT, 24 May 2012
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Tug refloated after grounding

Marineco vessel found itself high and dry at Ostend after anchor manouevre.

11:15 GMT, 24 May 2012
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Frontline 2012 shows its hand

Drybulk, LPG and tanker expansion on the cards for John Fredriksen’s latest firm as the addition of up to 24 newbuildings looms.

13:37 GMT, 24 May 2012
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Harry voices hope of Stealth LNG entry

Stealthgas king-pin Harry Vafias says Nasdaq-listed owner has half an eye on the booming sector.

11:05 GMT, 24 May 2012
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Costs send Chowgule into the red

Indian bulker player hit by depreciation, vessel impairments and higher fuel bills in year to end-March.

07:24 GMT, 24 May 2012
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Deiulemar Compagnia launches appeal

Deiulemar Compagnia di Navigazione drafts “the King of bail-outs” to lead appeal against Italian bankruptcy ruling.

21:38 GMT, 24 May 2012
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HSH Nordbank earnings on the up

German shipping bank makes 2% more profit in first quarter, but is warning of higher loan loss provisions this year.

13:07 GMT, 24 May 2012
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Spanish ferry freed by crane

Who needs tugs when you can just lift a grounded vessel off the rocks?

10:26 GMT, 24 May 2012
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Ulstein Group profit takes a hit

Gunvor Ulstein-led yard sees per-tax figure dip but remains upbeat about its full-year numbers.

10:01 GMT, 24 May 2012
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Port congestion builds up

Quantity of dry bulk tonnage tied up at ports in the main commodity regions reaches thirteen week high.

05:47 GMT, 24 May 2012
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Pool titan’s pledge drive bears fruit

Heidmar says new participants prove pools offer an attractive destination for owners seeking relief from tanker market turmoil.

18:54 GMT, 23 May 2012
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