www.tradewindsnews.com http://www.tradewindsnews.com/ www.tradewindsnews.com CSDC beats own forecast http://www.tradewindsnews.com/tankers/367626/csdc-beats-own-forecast China Shipping Development Co (CSDC) has delivered a first half performance which saw its profit spike, exceeding the company’s latest forecast. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/tankers/367626/csdc-beats-own-forecast Fri, 28 Aug 2015 14:40:32 +0000 tankers Doehle rings changes http://www.tradewindsnews.com/tankers/367629/doehle-rings-changes India's Doehle Danuatic is renaming itself Elektrans Global Group to reflect its expansion. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/367629/doehle-rings-changes Fri, 28 Aug 2015 14:40:08 +0000 tankers WFW branches out http://www.tradewindsnews.com/finance/367611/wfw-branches-out UK shipping law firm Watson Farley & Williams (WFW) has launched an English-law litigation practice in Athens. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/367611/wfw-branches-out Fri, 28 Aug 2015 14:07:52 +0000 finance Results spur BW LPG stock http://www.tradewindsnews.com/finance/367625/results-spur-bw-lpg-stock Shares in BW LPG were on the rise today after the world’s largest VLGC owner booked stronger than forecast second quarter numbers. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/367625/results-spur-bw-lpg-stock Fri, 28 Aug 2015 13:59:49 +0000 finance Olympic extends contract http://www.tradewindsnews.com/offshore/367622/olympic-extends-contract Norway’s Olympic Ship has stretched the employment period for one of its vessels as it posted a smaller profit for the second quarter. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/367622/olympic-extends-contract Fri, 28 Aug 2015 13:39:02 +0000 offshore Offshore markets dip http://www.tradewindsnews.com/offshore/367618/offshore-markets-dip There was more bad news for offshore vessel owners in the North Sea on Friday as the devastating tonnage glut continued to force down rates. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/offshore/367618/offshore-markets-dip Fri, 28 Aug 2015 13:38:16 +0000 offshore Sovcomflot profit soars http://www.tradewindsnews.com/tankers/367621/sovcomflot-profit-soars Russian owner Sovcomflot (SCF Group) has benefited from strong spot tanker markets to post a big increase in first half earnings. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/367621/sovcomflot-profit-soars Fri, 28 Aug 2015 12:46:09 +0000 tankers Fesco mixed in first half http://www.tradewindsnews.com/finance/367612/fesco-mixed-in-first-half Fesco has posted mixed results for the first half of the year as it saw shipping revenue up 45% but its liner division performance was weaker. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/finance/367612/fesco-mixed-in-first-half Fri, 28 Aug 2015 12:24:27 +0000 finance Missing man found dead http://www.tradewindsnews.com/casualties/367614/missing-man-found-dead A missing seafarer from a chemical tanker has been found dead in Greek waters. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/casualties/367614/missing-man-found-dead Fri, 28 Aug 2015 11:38:27 +0000 casualties Latvian sells assets http://www.tradewindsnews.com/tankers/367609/latvian-sells-assets Latvian Shipping Company (LSC) is looking to dispose of non-core assets as part of its restructuring scheme. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/tankers/367609/latvian-sells-assets Fri, 28 Aug 2015 11:25:12 +0000 tankers $11bn for "bad bank" http://www.tradewindsnews.com/finance/367613/usd-11bn-for-bad-bank The owners of Germany's HSH Nordbank are considering spinning off more than half its struggling loans into a "bad bank" to win European Union approval for state aid. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/367613/usd-11bn-for-bad-bank Fri, 28 Aug 2015 11:02:37 +0000 finance Shidao orders ro-pax http://www.tradewindsnews.com/shipsales/367610/shidao-orders-ro-pax China's Shidao International Ferry has picked a domestic yard for a ferry newbuilding. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/367610/shidao-orders-ro-pax Fri, 28 Aug 2015 10:43:23 +0000 shipsales Cargoship grounds http://www.tradewindsnews.com/casualties/367604/cargoship-grounds A general cargoship has run aground on stones in the Netherlands. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/367604/cargoship-grounds Fri, 28 Aug 2015 10:28:20 +0000 casualties Fire on UASC boxship http://www.tradewindsnews.com/casualties/367602/fire-on-uasc-boxship A container on a boxship owned by United Arab Shipping Company (UASC) caught fire in Germany earlier this morning. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/casualties/367602/fire-on-uasc-boxship Fri, 28 Aug 2015 10:20:00 +0000 casualties Eimskip hits new high http://www.tradewindsnews.com/liner/367598/eimskip-hits-new-high Icelandic container line Eimskip has increased second quarter profit as it logged its best revenue figure since restructuring. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/367598/eimskip-hits-new-high Fri, 28 Aug 2015 09:53:00 +0000 liner BWO strong in Q2 http://www.tradewindsnews.com/finance/367593/bwo-strong-in-q2 BW Offshore (BWO) has performed in line with expectations during the second quarter as an impairment charge from an FPSO fire in February has yet to be booked. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/finance/367593/bwo-strong-in-q2 Fri, 28 Aug 2015 09:46:04 +0000 finance HSH chops loan loss http://www.tradewindsnews.com/finance/367600/hsh-chops-loan-loss German lender HSH Nordbank has reduced its loan losses in the first half, but admitted its shipping loan book is still weighing heavily on its operations. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/367600/hsh-chops-loan-loss Fri, 28 Aug 2015 09:11:00 +0000 finance Finnlines cleans up http://www.tradewindsnews.com/liner/367591/finnlines-cleans-up Finnlines has widened its cooperation with compatriot Wartsila as its environmental investment programme moves forward. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/liner/367591/finnlines-cleans-up Fri, 28 Aug 2015 08:33:41 +0000 liner Krasnoye Sormovo prospers http://www.tradewindsnews.com/shipsales/367590/krasnoye-sormovo-prospers Russia's Krasnoye Sormovo shipyard has boosted earnings in the first six months despite a fall in revenue. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/367590/krasnoye-sormovo-prospers Fri, 28 Aug 2015 08:18:27 +0000 shipsales Going cheep http://www.tradewindsnews.com/andalso/367571/going-cheep We take a look at what was said in the market over the past week. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/andalso/367571/going-cheep Fri, 28 Aug 2015 07:26:18 +0000 andalso BW LPG passes on Dorian http://www.tradewindsnews.com/gas/367589/bw-lpg-passes-on-dorian BW LPG has elected to pass on the option to acquire a 10% stake in rival Dorian LPG, it confirmed Friday. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/gas/367589/bw-lpg-passes-on-dorian Fri, 28 Aug 2015 07:21:04 +0000 gas Hackers hit Cypriot owner http://www.tradewindsnews.com/finance/367588/hackers-hit-cypriot-owner A Cyprus-based shipping company has had more than $600,000 stolen in two raids by computer hackers. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/367588/hackers-hit-cypriot-owner Fri, 28 Aug 2015 07:19:02 +0000 finance Dof ships PSV out http://www.tradewindsnews.com/offshore/367587/dof-ships-psv-out Skandi Flora heading from North Sea to Canada for one-year deal. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/offshore/367587/dof-ships-psv-out Fri, 28 Aug 2015 07:01:26 +0000 offshore Improved results at Team http://www.tradewindsnews.com/tankers/367586/improved-results-at-team Team Tankers continued to build on its positive start to the year with a profit of $4.6m in the second quarter. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/tankers/367586/improved-results-at-team Fri, 28 Aug 2015 05:54:41 +0000 tankers DP World sees profit grow http://www.tradewindsnews.com/liner/367585/dp-world-sees-profit-grow DP World has seen first half profit increase 22.3% on the back of its acquisition of Economic Zone World (EZW). dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/liner/367585/dp-world-sees-profit-grow Fri, 28 Aug 2015 05:10:42 +0000 liner Bumi Armada in the red http://www.tradewindsnews.com/offshore/367582/bumi-armada-in-the-red Bumi Armada has sunk into the red in the second quarter as the company was forced to make a number of write-downs on vessel values. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/367582/bumi-armada-in-the-red Fri, 28 Aug 2015 03:14:43 +0000 offshore ASL seals newbuild deal http://www.tradewindsnews.com/shipsales/367577/asl-seals-newbuild-deal ASL Marine secured new shipbuilding contracts worth about SGD 140m ($100m) for the construction of a series of tugs and barges. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/shipsales/367577/asl-seals-newbuild-deal Fri, 28 Aug 2015 02:06:56 +0000 shipsales MacGregor cuts more jobs http://www.tradewindsnews.com/finance/367576/macgregor-cuts-more-jobs MacGregor is to make a further 100 people redundant as it continues to battle weak shipping markets. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/finance/367576/macgregor-cuts-more-jobs Fri, 28 Aug 2015 01:05:10 +0000 finance Ultrapetrol on notice http://www.tradewindsnews.com/finance/367574/ultrapetrol-on-notice South American tanker and offshore shipowner Ultrapetrol has been told to boost its Nasdaq share price to meet its listing rules. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/367574/ultrapetrol-on-notice Thu, 27 Aug 2015 15:04:49 +0000 finance Stealth falls to loss http://www.tradewindsnews.com/gas/367575/stealth-falls-to-loss Stealthgas has come in short of the market’s expectations during the second quarter. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/gas/367575/stealth-falls-to-loss Thu, 27 Aug 2015 14:50:21 +0000 gas WWS loses and lays up http://www.tradewindsnews.com/offshore/367573/wws-loses-and-lays-up World Wide Supply (WWS) has seen red ink in its second quarter bottom line as the next month will see the company operating with two vessels fewer. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/367573/wws-loses-and-lays-up Thu, 27 Aug 2015 14:24:16 +0000 offshore Cosco returns to profit http://www.tradewindsnews.com/drycargo/367572/cosco-returns-to-profit Bulker and boxship owner China Cosco Holdings Co (CCHC) has made it back into the black in the first half thanks to more efficient operations and a boost from a state scrapping scheme. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/367572/cosco-returns-to-profit Thu, 27 Aug 2015 13:41:58 +0000 drycargo CSCL profit down 97% http://www.tradewindsnews.com/liner/367567/cscl-profit-down-97-percent China Shipping Container Lines (CSCL) has reported a steep decline in its first half profit although its capacity increased. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/liner/367567/cscl-profit-down-97-percent Thu, 27 Aug 2015 13:31:56 +0000 liner ICG on the rise http://www.tradewindsnews.com/finance/367562/icg-on-the-rise Irish Continental Group (ICG) has seen passenger and freight volumes grow in a stronger regional economy. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/367562/icg-on-the-rise Thu, 27 Aug 2015 13:01:31 +0000 finance Danske buoys Frontline http://www.tradewindsnews.com/tankers/367568/danske-buoys-frontline Danske Bank has upgraded shares in John Fredriksen's Frontline as it closes in on a merger with spin-off Frontline 2012. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/367568/danske-buoys-frontline Thu, 27 Aug 2015 12:11:30 +0000 tankers Golar's Brazilian business http://www.tradewindsnews.com/gas/367561/golars-brazilian-business Golar LNG is looking to accelerate the implementation of its GoFLNG concept with a new investment in South America. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/gas/367561/golars-brazilian-business Thu, 27 Aug 2015 11:27:28 +0000 gas Oceanteam sees red http://www.tradewindsnews.com/offshore/367563/oceanteam-sees-red Oceanteam Shipping of Norway has logged a loss for the second quarter as it continues to keep its distance from the depressed oil and gas market. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/367563/oceanteam-sees-red Thu, 27 Aug 2015 10:50:11 +0000 offshore Ezra in $1.25bn subsea tie-up http://www.tradewindsnews.com/offshore/367565/ezra-in-usd-125bn-subsea-tie-up Singapore shipping group Ezra Holdings is forming a new subsea company in a deal worth $1.25bn with Japanese engineering group Chiyoda. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/offshore/367565/ezra-in-usd-125bn-subsea-tie-up Thu, 27 Aug 2015 10:35:29 +0000 offshore Aurora's earnings triple http://www.tradewindsnews.com/finance/367560/auroras-earnings-triple Aurora LPG has taken advantage of the strong VLGC market to boost profit during the second quarter. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/finance/367560/auroras-earnings-triple Thu, 27 Aug 2015 10:01:33 +0000 finance Nord/LB stronger again http://www.tradewindsnews.com/finance/367564/nordlb-stronger-again German shipping lender Nord/LB has cut loan losses once again as it logged better earnings in the first half. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/367564/nordlb-stronger-again Thu, 27 Aug 2015 09:59:41 +0000 finance Hoegh pushes back Grace http://www.tradewindsnews.com/gas/367556/hoegh-pushes-back-grace Hoegh LNG has delayed the delivery of a new FSRU from Hyundai Heavy Industries (HHI) in a “very soft” market. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/gas/367556/hoegh-pushes-back-grace Thu, 27 Aug 2015 09:16:39 +0000 gas VLGC rates lift Avance http://www.tradewindsnews.com/gas/367554/vlgc-rates-lift-avance A red-hot spot market for very large gas carriers (VLGC) has pushed up the profit of Avance Gas during the second quarter. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/gas/367554/vlgc-rates-lift-avance Thu, 27 Aug 2015 08:58:16 +0000 gas Seadrill weaker in Q2 http://www.tradewindsnews.com/offshore/367559/seadrill-weaker-in-q2 John Fredriksen’s drillship company Seadrill has posted lower profit in the second quarter as revenue fell. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/offshore/367559/seadrill-weaker-in-q2 Thu, 27 Aug 2015 08:46:37 +0000 offshore Awilco LNG falls to loss http://www.tradewindsnews.com/gas/367557/awilco-lng-falls-to-loss Norway’s Awilco LNG has slumped to a loss in the first half of 2015 as the weakening LNG market took its toll. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/gas/367557/awilco-lng-falls-to-loss Thu, 27 Aug 2015 08:21:20 +0000 gas Weak market hurts Golar http://www.tradewindsnews.com/gas/367555/weak-market-hurts-golar Golar LNG has posted a small loss for the second quarter, a period which saw only one third of its fleet utilised. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/gas/367555/weak-market-hurts-golar Thu, 27 Aug 2015 08:14:17 +0000 gas Odfjell bounces back http://www.tradewindsnews.com/tankers/367553/odfjell-bounces-back Norwegian chemical tanker owner Odfjell has returned to profit in the second quarter as costs were cut. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/367553/odfjell-bounces-back Thu, 27 Aug 2015 07:54:58 +0000 tankers Golden Ocean bigger not better http://www.tradewindsnews.com/finance/367552/golden-ocean-bigger-not-better The expanded fleet of bulker owner Golden Ocean (GOGL) has fallen to a loss as vessel operating costs soared in the second quarter. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/367552/golden-ocean-bigger-not-better Thu, 27 Aug 2015 07:19:07 +0000 finance Jinhui back in the red http://www.tradewindsnews.com/drycargo/367548/jinhui-back-in-the-red Jinhui Shipping and Transportation has reported a second quarter loss of $13m as revenues for the period were almost cut in half. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/drycargo/367548/jinhui-back-in-the-red Thu, 27 Aug 2015 04:35:43 +0000 drycargo Uni-Asia teams up http://www.tradewindsnews.com/drycargo/367546/uni-asia-teams-up Uni-Asia Holdings has teamed up with major shareholder Yamasa Co to acquire a series of four handysize bulker. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/drycargo/367546/uni-asia-teams-up Thu, 27 Aug 2015 03:23:54 +0000 drycargo Bunker firm charged http://www.tradewindsnews.com/andalso/367541/bunker-firm-charged Singapore authorities have successfully prosecuted a local company for supplying bunkers without a valid bunker supplier licence. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/andalso/367541/bunker-firm-charged Thu, 27 Aug 2015 01:12:30 +0000 andalso Maran Nakilat expands http://www.tradewindsnews.com/gas/367540/maran-nakilat-expands Nakilat, the shipping arm of Qatar's liquefied natural gas (LNG) sector, is expanding its joint venture with John Angelicoussis. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/gas/367540/maran-nakilat-expands Thu, 27 Aug 2015 00:24:39 +0000 gas Stealth confirms tanker sale http://www.tradewindsnews.com/shipsales/367441/stealth-confirms-tanker-sale Greek owner Harry Vafias has confirmed the sale of a chemical tanker at a time when his group is busy taking delivery of newbuildings. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/shipsales/367441/stealth-confirms-tanker-sale Wed, 26 Aug 2015 17:15:48 +0000 shipsales DSF profit slashed http://www.tradewindsnews.com/finance/367430/dsf-profit-slashed Danish Ship Finance (DSF) has seen its first half profit axed but it expects a small increase in lending for the remainder of the year. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/finance/367430/dsf-profit-slashed Wed, 26 Aug 2015 16:31:51 +0000 finance Port cash for Vinalines http://www.tradewindsnews.com/finance/367395/port-cash-for-vinalines State-owned Vinalines looks set to bank a substantial sum from selling shares in a port company. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/367395/port-cash-for-vinalines Wed, 26 Aug 2015 15:02:01 +0000 finance SFI well ahead http://www.tradewindsnews.com/finance/367392/sfi-well-ahead Ship Finance International (SFI) has declared an increased dividend for the second quarter as it outperformed analysts’ consensus. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/finance/367392/sfi-well-ahead Wed, 26 Aug 2015 14:16:47 +0000 finance New engine needed http://www.tradewindsnews.com/liner/367391/new-engine-needed Canada is sending back a new ro-pax to Damen’s Romanian yard for a new engine. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/367391/new-engine-needed Wed, 26 Aug 2015 13:12:04 +0000 liner Lines cut emissions http://www.tradewindsnews.com/liner/367384/lines-cut-emissions The world’s largest liner companies have reduced their carbon dioxide emissions by nearly one tenth, a survey has concluded. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/liner/367384/lines-cut-emissions Wed, 26 Aug 2015 12:35:35 +0000 liner Svitzer orders tug sextet http://www.tradewindsnews.com/shipsales/367387/svitzer-orders-tug-sextet Salvage and towage company Svitzer has inked a contract for the construction of six tugs with Turkish yard Sanmar. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/shipsales/367387/svitzer-orders-tug-sextet Wed, 26 Aug 2015 11:48:46 +0000 shipsales Crewman crushed http://www.tradewindsnews.com/casualties/367381/crewman-crushed One seafarer has died and another three were injured after a research ship suffered a list in Italy. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/367381/crewman-crushed Wed, 26 Aug 2015 11:00:42 +0000 casualties Chemical formula working http://www.tradewindsnews.com/tankers/367385/chemical-formula-working Chemical tanker owners are set for more good news as they enjoy the best market for six years. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/367385/chemical-formula-working Wed, 26 Aug 2015 10:29:04 +0000 tankers Reaching for the sky http://www.tradewindsnews.com/andalso/367378/reaching-for-the-sky Architects have drawn up a design for a sustainable skyscraper in India made out of shipping containers. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/andalso/367378/reaching-for-the-sky Wed, 26 Aug 2015 10:00:56 +0000 andalso Havyard weak in Q2 http://www.tradewindsnews.com/shipsales/367370/havyard-weak-in-q2 Reduced shipbuilding activity has dragged Havyard Group to a negative result for the three months to the end of June. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/shipsales/367370/havyard-weak-in-q2 Wed, 26 Aug 2015 09:35:36 +0000 shipsales Worker dies in blast http://www.tradewindsnews.com/casualties/367376/worker-dies-in-blast A worker has been killed in an explosion at a shipyard in Bangladesh. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/367376/worker-dies-in-blast Wed, 26 Aug 2015 09:19:46 +0000 casualties Odfjell Drilling in the red http://www.tradewindsnews.com/finance/367368/odfjell-drilling-in-the-red Odfjell Drilling has turned red in the second quarter due to impairment write-downs and currency losses. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/finance/367368/odfjell-drilling-in-the-red Wed, 26 Aug 2015 09:08:59 +0000 finance Austal hits new high http://www.tradewindsnews.com/finance/367374/austal-hits-new-high Australian shipbuilder Austal has logged its best ever annual result as it revealed increasing interest in new ferries from European owners. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/367374/austal-hits-new-high Wed, 26 Aug 2015 08:49:45 +0000 finance Don’t believe the brokers http://www.tradewindsnews.com/tankers/367375/dont-believe-the-brokers Nordic American Tankers (NAT) CEO Herbjorn Hansson has launched a robust defence of the recent suezmax market. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/367375/dont-believe-the-brokers Wed, 26 Aug 2015 08:33:38 +0000 tankers Reach “proud” in Q2 http://www.tradewindsnews.com/offshore/367369/reach-proud-in-q2 Reach Subsea has delivered a strong performance for the second quarter despite challenging conditions in the offshore market. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/367369/reach-proud-in-q2 Wed, 26 Aug 2015 08:20:51 +0000 offshore CSAV merger lifts Hapag http://www.tradewindsnews.com/liner/367372/csav-merger-lifts-hapag Hapag Lloyd has returned to profit in the first half of the year helped by its merger with Chilean liner operator CSAV. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/liner/367372/csav-merger-lifts-hapag Wed, 26 Aug 2015 07:43:55 +0000 liner Clipper takes ultras http://www.tradewindsnews.com/shipsales/367366/clipper-takes-ultras Denmark’s Clipper Group has emerged as the buyer of two ultramax resales built and owned by cash-strapped Sainty Shipbuilding in China. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/367366/clipper-takes-ultras Wed, 26 Aug 2015 07:36:25 +0000 shipsales Frontline back in black http://www.tradewindsnews.com/tankers/367364/frontline-back-in-black John Fredriksen’s Frontline has returned to profit in the second quarter as it slashed operating costs. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/367364/frontline-back-in-black Wed, 26 Aug 2015 07:10:52 +0000 tankers Nordic back in profit http://www.tradewindsnews.com/tankers/367363/nordic-back-in-profit Denmark’s Nordic Shipholding has posted an interim profit of $3.7m Wednesday, reversing a loss of $3.4m seen a year ago. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/tankers/367363/nordic-back-in-profit Wed, 26 Aug 2015 06:03:55 +0000 tankers EURN gets Webber blessing http://www.tradewindsnews.com/tankers/367360/eurn-gets-webber-blessing Wells Fargo believes Euronav will be a major money spinner for investors as it becomes the latest bank to initiate coverage of the stock. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/tankers/367360/eurn-gets-webber-blessing Wed, 26 Aug 2015 03:17:22 +0000 tankers Bulker backlog slides http://www.tradewindsnews.com/drycargo/367358/bulker-backlog-slides Bulker newbuilding orders for the first seven months of 2015 have fallen by over 90% year-on-year, according to Clarksons Research. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/drycargo/367358/bulker-backlog-slides Wed, 26 Aug 2015 02:42:42 +0000 drycargo Fleet growth boosts DLNG http://www.tradewindsnews.com/gas/367356/fleet-growth-boosts-dlng Dynagas LNG Partners has reported sizeable growth in its second quarter performance on the back of its larger fleet. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/gas/367356/fleet-growth-boosts-dlng Wed, 26 Aug 2015 01:10:55 +0000 gas Ezra to offload FPSOs http://www.tradewindsnews.com/offshore/367355/ezra-to-offload-fpsos Ezra Holdings is said to be looking to divest its FPSO division as part of its ongoing efforts to balance the books. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/367355/ezra-to-offload-fpsos Wed, 26 Aug 2015 00:04:05 +0000 offshore Sino-Global protected http://www.tradewindsnews.com/tankers/367351/sino-global-protected US-listed Sino-Global Shipping America has said any effect from the Chinese financial turmoil has been “negligible”. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/367351/sino-global-protected Tue, 25 Aug 2015 15:14:13 +0000 tankers Torm deal okayed http://www.tradewindsnews.com/tankers/367352/torm-deal-okayed Torm’s restructuring deal that will see US private equity firm Oaktree take control of the Danish tanker owner has been passed without any problem in an extraordinary meeting today. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/tankers/367352/torm-deal-okayed Tue, 25 Aug 2015 14:59:24 +0000 tankers Weco rings changes http://www.tradewindsnews.com/tankers/367354/weco-rings-changes Lars Steen Rasmussen has exited Denmark’s Weco Group as part of a restructuring that will see the Dannebrog and Nordana brands phased out. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/367354/weco-rings-changes Tue, 25 Aug 2015 14:51:44 +0000 tankers MBC heads for first loss http://www.tradewindsnews.com/drycargo/367347/mbc-heads-for-first-loss Malaysian Bulk Carriers (MBC) has admitted it is likely to post its first ever annual loss after a weak second quarter. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/367347/mbc-heads-for-first-loss Tue, 25 Aug 2015 13:27:16 +0000 drycargo Dajmar out of IRISL http://www.tradewindsnews.com/liner/367349/dajmar-out-of-irisl Islamic Republic of Iran Shipping Lines (IRISL) chairman and managing director Mohammad Hossein Dajmar has left the company after ten years at the helm. jonathan.boonzaier@tradewindsnews.com (Jonathan Boonzaier) http://www.tradewindsnews.com/liner/367349/dajmar-out-of-irisl Tue, 25 Aug 2015 12:42:03 +0000 liner