Frontline OBO heads for demo
Oslo shipowner’s veteran combination carrier reportedly sold for scrap ‘as is’ Singapore, say brokers.
TransPetro halts EAS orders
Brazilian state shipowner is said to have finally lost patience with domestic yard over delayed tankers.
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.
Sanko Steamship sides with WBC
Embattled owner of Sanko Mineral endorses Western Bulk arrest as it will “mitigate the impact” of earlier legal actions.
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.
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.
Euroseas aims for $15m in fundraiser
Aristides Pittas-led owner has revealed details of its share issue designed to build funds for fleet expansion.
International Chamber crowns new chairman
Spyros Polemis passes the torch to newly elected head of influential trade body at AGM in Australia.
Novoship turns to first quarter loss
Russian tanker owner slumps into the red in first three months despite revenue rise.
Fredriksen holds all the cards - as usual
Big John pulls another ace out of his sleeve as Frontline 2012 eyes expansion.
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.
Smaller Frontline feels the pinch
John Fredriksen-led tanker owner's slimmer fleet produces reduced Q1 profit following restructuring.
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.
Damen snaps up Swedish repair yard
Dutch shipyard group builds European repair network with capture of Oskarshamnsvarvet.
Hadley bulker towed into Brest
UK's Clare heads to Damen repair yard after suffering propulsion problem off France.
Hoegh stretches Norman Lady deal
Norwegian owner to make $6.5m from one-year extension of LNG carrier's charter to Gas Natural.
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.
Leaking Biostar saved from sinking
Pump keeps Norwegian cargoship afloat after second water-ingress incident in less than three years.
Master held after collision
Barge captain breathalysed following clash with Chilean LPG carrier in Dutch canal.
Daewoo clinches Swire newbuild deal
South Korean group wins $20m order for supply ship from Hong Kong owner.
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:
Suezmax:
Aframax:
Dry Cargo
Supramaxes slip into reverse as panamaxes and capes fall back further.
Capesizes:
Panamaxes:
Supramaxes:
Containers
Hamburg Shipbrokers' Association's new ConTex containership chartering index rises to 414.
4,250 teu:
2,700 teu:
1,100 teu:
Offshore
Charterer bags a trio of anchor handlers for the Borgland Dolphin move but activity remains muted, brokers say.
AHTS:
Large PSV:
Small PSV:
A&P secures floatel jobs
UK ship repairer to convert two subsea construction vessels into pair of floating accommodation units.
Goldenport sells MSC Finland
Paris Dragnis-led shipowner continues clear out of elderly tonnage with sale of 26-year-old containership.
Total extends Pacific charter
Ofer family’s offshore drilling company sees contract on deepwater unit extended by another year.
Tanker demo age heads lower
Large crude carriers now being scrapped at an average of twenty-one-years, says research from Bimco.
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.
Bruised MSC boxship limps to Bahamas
Cause of Idil explosion still under investigation as containership heads to Freeport where MSC blast probe will resume.
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.
Ship Finance sweeps to Q1 profit hike
New York-listed shipowner surprises the street as it mulls separation of containership business.
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.
Total fights Erika fine again
Last chance for oil major to overturn ruling on 1999 tanker sinking as appeals court hearing begins.
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.
Tug refloated after grounding
Marineco vessel found itself high and dry at Ostend after anchor manouevre.
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.
Harry voices hope of Stealth LNG entry
Stealthgas king-pin Harry Vafias says Nasdaq-listed owner has half an eye on the booming sector.
Costs send Chowgule into the red
Indian bulker player hit by depreciation, vessel impairments and higher fuel bills in year to end-March.
Deiulemar Compagnia launches appeal
Deiulemar Compagnia di Navigazione drafts “the King of bail-outs” to lead appeal against Italian bankruptcy ruling.
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.
Ulstein Group profit takes a hit
Gunvor Ulstein-led yard sees per-tax figure dip but remains upbeat about its full-year numbers.
Port congestion builds up
Quantity of dry bulk tonnage tied up at ports in the main commodity regions reaches thirteen week high.
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.
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