www.tradewindsnews.com http://www.tradewindsnews.com/ www.tradewindsnews.com NewLead CFO resigns http://www.tradewindsnews.com/finance/361136/newlead-cfo-resigns NewLead Holdings’s chief financial officer has resigned, the Greek shipowner said Friday. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/finance/361136/newlead-cfo-resigns Fri, 29 May 2015 21:21:37 +0000 finance Fredriksen's new chief executive http://www.tradewindsnews.com/finance/361081/fredriksens-new-chief-executive Jo Lunder, the former head of the telecommunication company Vimpelcom, has been hired as chief executive of the Fredriksen group.  andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/361081/fredriksens-new-chief-executive Fri, 29 May 2015 19:59:30 +0000 finance Horizon Lines deal done http://www.tradewindsnews.com/liner/361120/horizon-lines-deal-done Matson and The Pasha Group have completed their $611m deals to carve up US containership rival Horizon Lines. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/liner/361120/horizon-lines-deal-done Fri, 29 May 2015 18:28:11 +0000 liner Navios Midstream ‘speculative’ http://www.tradewindsnews.com/finance/361113/navios-midstream-speculative Moody’s Investor Service placed a speculative credit rating on Navios Maritime Midstream Partners, the newest New York-listed company the Navios group umbrella eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/finance/361113/navios-midstream-speculative Fri, 29 May 2015 17:17:58 +0000 finance North Korean crew stuck http://www.tradewindsnews.com/drycargo/361102/north-korean-crew-stuck Mexico and North Korea are in talks to repatriate crewmen stuck on a cargoship for nearly a year. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/361102/north-korean-crew-stuck Fri, 29 May 2015 14:33:40 +0000 drycargo SFI boosts profit http://www.tradewindsnews.com/tankers/361101/sfi-boosts-profit Ship Finance International (SFI) has performed beyond analysts’ expectations hot on the heels of a haircut agreement with Frontline. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/tankers/361101/sfi-boosts-profit Fri, 29 May 2015 14:04:16 +0000 tankers Macleod cold on merger http://www.tradewindsnews.com/tankers/361104/macleod-cold-on-merger Robert Hvide Macleod has shaken off growing speculation of a merger between Frontline and Frontline 2012. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/tankers/361104/macleod-cold-on-merger Fri, 29 May 2015 13:44:39 +0000 tankers Newbuild changes hands http://www.tradewindsnews.com/shipsales/361065/newbuild-changes-hands Jinhui Shipping and Transportation has transferred a newbuilding contract for a 60,000-dwt bulk carrier to an unknown third party. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/shipsales/361065/newbuild-changes-hands Fri, 29 May 2015 12:52:00 +0000 shipsales Western revenue falls http://www.tradewindsnews.com/shipsales/361088/western-revenue-falls Lithuania's Western Shipyard has posted a 12.3% drop in revenue for 2014. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/361088/western-revenue-falls Fri, 29 May 2015 12:45:51 +0000 shipsales STNG springs new buy-back http://www.tradewindsnews.com/tankers/361094/stng-springs-new-buy-back Scorpio Tankers today revealed a fresh $250m buyback programme as it passed up options on a pair of converted newbuildings from sibling Scorpio Bulkers. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/tankers/361094/stng-springs-new-buy-back Fri, 29 May 2015 12:31:20 +0000 tankers Petrobras bins contracts http://www.tradewindsnews.com/offshore/361087/petrobras-bins-contracts Petrobras has cancelled leases for five drillships and semi-submersible platforms owned by Schahin Petroleo e Gas. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/361087/petrobras-bins-contracts Fri, 29 May 2015 12:29:48 +0000 offshore Still alive http://www.tradewindsnews.com/andalso/361086/still-alive We take a look at what was said in the market over the past week. jim.mulrenan@tradewindsnews.com (Jim Mulrenan) http://www.tradewindsnews.com/andalso/361086/still-alive Fri, 29 May 2015 12:19:49 +0000 andalso Lifeboat warning http://www.tradewindsnews.com/casualties/361083/lifeboat-warning Australia has called for a change to lifeboat release mechanisms after a serious accident on a supramax in 2014. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/361083/lifeboat-warning Fri, 29 May 2015 11:20:02 +0000 casualties NOL closes $1.2bn sale http://www.tradewindsnews.com/liner/361084/nol-closes-usd-12bn-sale Neptune Orient Lines (NOL) of Singapore has completed the $1.2bn sale of APL Logistics to Tokyo-listed Kintetsu World Express. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/liner/361084/nol-closes-usd-12bn-sale Fri, 29 May 2015 11:12:07 +0000 liner Hoegh hooks $130m http://www.tradewindsnews.com/gas/361085/hoegh-hooks-usd-130m Hoegh LNG has pocketed $130m from its trip to the Norwegian bond market. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/gas/361085/hoegh-hooks-usd-130m Fri, 29 May 2015 10:34:45 +0000 gas Marine snaps up Stena duo http://www.tradewindsnews.com/shipsales/361080/marine-snaps-up-stena-duo Canada's Marine Atlantic is buying two chartered-in ro-paxes from Sweden's Stena. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/361080/marine-snaps-up-stena-duo Fri, 29 May 2015 10:19:16 +0000 shipsales MISC on the hunt http://www.tradewindsnews.com/finance/361068/misc-on-the-hunt Malaysia's MISC is working on new acquisitions after restoring its balance sheet to health. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/361068/misc-on-the-hunt Fri, 29 May 2015 09:37:19 +0000 finance Captain "sold guns" http://www.tradewindsnews.com/casualties/361072/captain-sold-guns An inquest into two deaths on a Japanese bulker off Australia has heard that its captain was accused of selling guns on board and assaulting crew. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/361072/captain-sold-guns Fri, 29 May 2015 09:30:42 +0000 casualties Place your bets http://www.tradewindsnews.com/tankers/361077/place-your-bets Analysts are divided on whether a restructured charter agreement with Ship Finance International (SFI) is the starter pistol or the death knell for a merger between Frontline and Frontline 2012. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/tankers/361077/place-your-bets Fri, 29 May 2015 09:20:08 +0000 tankers Red start for Reach http://www.tradewindsnews.com/offshore/361067/red-start-for-reach An anticipated weak winter market has dragged Reach Subsea to a red bottom line for the first quarter. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/361067/red-start-for-reach Fri, 29 May 2015 09:00:35 +0000 offshore Chilean strike ends http://www.tradewindsnews.com/liner/361064/chilean-strike-ends Customs workers in Chile have ended an eight-day strike that halted shipments at the country’s ports. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/liner/361064/chilean-strike-ends Fri, 29 May 2015 08:39:59 +0000 liner Red Funnel stays local http://www.tradewindsnews.com/shipsales/361073/red-funnel-stays-local UK operator Red Funnel has picked a domestic shipyard for its new ferry. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/361073/red-funnel-stays-local Fri, 29 May 2015 08:29:01 +0000 shipsales Haisheng scraps bulker http://www.tradewindsnews.com/drycargo/361062/haisheng-scraps-bulker China Shipping Haisheng is selling its oldest bulker for scrap. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/361062/haisheng-scraps-bulker Fri, 29 May 2015 08:12:23 +0000 drycargo Frontline ends red run http://www.tradewindsnews.com/finance/361066/frontline-ends-red-run John Fredriksen’s Frontline today posted its first profitable quarter in almost half a decade as it stared an aim to enter a new growth phase. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/361066/frontline-ends-red-run Fri, 29 May 2015 08:10:36 +0000 finance Frontline 2012 in US push http://www.tradewindsnews.com/tankers/361060/frontline-2012-in-us-push A long-awaited US stock-listing of John Fredriksen’s Frontline 2012 is set to take place this year, the company says. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/tankers/361060/frontline-2012-in-us-push Fri, 29 May 2015 07:53:43 +0000 tankers Svitzer enters Brazil http://www.tradewindsnews.com/offshore/361063/svitzer-enters-brazil Svitzer, the Maersk Group’s salvage and towage arm, has made its first tentative steps into the Brazilian market. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/361063/svitzer-enters-brazil Fri, 29 May 2015 07:40:00 +0000 offshore Flex LNG on course http://www.tradewindsnews.com/gas/361057/flex-lng-on-course John Fredriksen-controlled Flex LNG has enough cash to see it through the next 18 months, but will seek new finance before the delivery of its first ships. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/gas/361057/flex-lng-on-course Fri, 29 May 2015 07:33:20 +0000 gas SFI takes a haircut http://www.tradewindsnews.com/tankers/361055/sfi-takes-a-haircut Fredriksen company cuts charter rates to Frontline by $283m in return for 27.7% stake. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/361055/sfi-takes-a-haircut Fri, 29 May 2015 06:51:04 +0000 tankers Jinhui back in black http://www.tradewindsnews.com/drycargo/361052/jinhui-back-in-black Jinhui Shipping & Trading has returned to profit in the first quarter of 2015 despite a significant decline in revenues. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/drycargo/361052/jinhui-back-in-black Fri, 29 May 2015 05:38:51 +0000 drycargo V.Group expands in Manila http://www.tradewindsnews.com/andalso/361051/vgroup-expands-in-manila V.Group and its shipmanagement arm V.Ships has opened a major new office and training centre in Manila, Philippines. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/andalso/361051/vgroup-expands-in-manila Fri, 29 May 2015 03:59:58 +0000 andalso CFO musical chairs http://www.tradewindsnews.com/offshore/361046/cfo-musical-chairs Transocean has recruited a new chief financial officer (CFO) from one of its rivals following the departure of its own CFO. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/361046/cfo-musical-chairs Fri, 29 May 2015 02:06:21 +0000 offshore Rampion to boost ports http://www.tradewindsnews.com/offshore/361045/rampion-to-boost-ports Two small UK ports are set to be among the beneficiaries of the first offshore wind farm off the south coast of England. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/361045/rampion-to-boost-ports Fri, 29 May 2015 00:40:28 +0000 offshore NTSB fingers Shell http://www.tradewindsnews.com/offshore/361043/ntsb-fingers-shell The National Transportation Safety Board (NTSB) said Shell is likely to blame for the 2012 grounding of a conical drilling unit after an Edison Chouest Offshore anchor handler lost power while towing it off Alaska. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/offshore/361043/ntsb-fingers-shell Thu, 28 May 2015 22:12:23 +0000 offshore Tanker deliveries lag http://www.tradewindsnews.com/tankers/361034/tanker-deliveries-lag Fewer crude tanker newbuildings have been delivered in 2015 than had been expected, according to New York’s McQuilling Partners. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/tankers/361034/tanker-deliveries-lag Thu, 28 May 2015 20:43:48 +0000 tankers SALT to shake four http://www.tradewindsnews.com/drycargo/361029/salt-to-shake-four Scorpio Bulkers (SALT) is poised to announce sale of four more capesize bulkers as the New York-listed owner continues to slash its massive newbuilding inventory. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/drycargo/361029/salt-to-shake-four Thu, 28 May 2015 19:55:10 +0000 drycargo SEC probe eyes Cosco http://www.tradewindsnews.com/finance/361023/sec-probe-eyes-cosco A senior Cosco Group executive is reportedly among 35 Chinese officials whose names appeared in a US Securities & Exchange Commission (SEC) subpoena in its “Sons and Daughters” probe of JP Morgan’s hiring practises in China. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/finance/361023/sec-probe-eyes-cosco Thu, 28 May 2015 17:06:39 +0000 finance MyFerryLink cut free? http://www.tradewindsnews.com/liner/360996/myferrylink-cut-free Eurotunnel Group is reportedly planning to end its contract with MyFerryLink, which serves routes between France and England. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/liner/360996/myferrylink-cut-free Thu, 28 May 2015 14:03:07 +0000 liner KNOP raising $137m http://www.tradewindsnews.com/tankers/361009/knop-raising-usd-137m Aberdeen owner KNOT Offshore Partners (KNOP) has priced a sale of common shares to raise up to $137m to fund a ship acquisition. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/361009/knop-raising-usd-137m Thu, 28 May 2015 13:46:46 +0000 tankers Set to splash out? http://www.tradewindsnews.com/finance/361007/set-to-splash-out US offshore support vessel heavyweight Tidewater has an eye on expansion and consolidation amid the belief a downturn in the market has more time to run. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/361007/set-to-splash-out Thu, 28 May 2015 13:30:53 +0000 finance Q88 comes to London http://www.tradewindsnews.com/tankers/361005/q88-comes-to-london Maritime technology firm Q88 has opened a new office in London in its effort to come closer to its European customers. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/tankers/361005/q88-comes-to-london Thu, 28 May 2015 12:32:45 +0000 tankers NAP's Dream dropdowns http://www.tradewindsnews.com/tankers/360999/naps-dream-dropdowns JP Morgan believes Navios Maritime Midstream Partners has a choice of four VLCCs as it prepares its first post IPO dropdowns. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/tankers/360999/naps-dream-dropdowns Thu, 28 May 2015 11:39:50 +0000 tankers Rieber offloads oldie http://www.tradewindsnews.com/shipsales/360997/rieber-offloads-oldie GC Rieber Shipping has disposed of its oldest ship after it was unable to find employment. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/shipsales/360997/rieber-offloads-oldie Thu, 28 May 2015 10:57:25 +0000 shipsales Golden Sakura dumped http://www.tradewindsnews.com/drycargo/360995/golden-sakura-dumped Norway’s Golden Ocean Group (GOGL) said on Thursday it is redelivering a chartered panamax to its owner. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/360995/golden-sakura-dumped Thu, 28 May 2015 10:48:04 +0000 drycargo Hoegh LNG mulls bond move http://www.tradewindsnews.com/finance/360990/hoegh-lng-mulls-bond-move Hoegh LNG Holdings is looking to tap the Norwegian bond market. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/360990/hoegh-lng-mulls-bond-move Thu, 28 May 2015 10:37:15 +0000 finance Seadrill beats forecasts http://www.tradewindsnews.com/offshore/360988/seadrill-beats-forecasts New York-listed Seadrill has seen its first quarter profit slashed but still performed better than analysts’ expectations. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/360988/seadrill-beats-forecasts Thu, 28 May 2015 10:19:55 +0000 offshore Reef row goes to court http://www.tradewindsnews.com/casualties/360989/reef-row-goes-to-court Australia is suing the Chinese owner of a bulker that grounded on the Great Barrier Reef in 2010. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/360989/reef-row-goes-to-court Thu, 28 May 2015 10:06:48 +0000 casualties Heronbridge tops up http://www.tradewindsnews.com/finance/360987/heronbridge-tops-up One of the leading shareholders in Clarksons has topped up its holding in the world’s largest shipbroker. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/360987/heronbridge-tops-up Thu, 28 May 2015 09:40:10 +0000 finance Namura raises forecast http://www.tradewindsnews.com/finance/360982/namura-raises-forecast Namura Shipbuilding has slightly raised its full-year profit forecast but still expects to make much less than last year. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/finance/360982/namura-raises-forecast Thu, 28 May 2015 09:35:04 +0000 finance Great Harvest loss to rise http://www.tradewindsnews.com/drycargo/360981/great-harvest-loss-to-rise Hong Kong bulker owner Great Harvest is looking to diversify away from shipping as it warned of a bigger annual loss. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/360981/great-harvest-loss-to-rise Thu, 28 May 2015 09:32:58 +0000 drycargo Aegean makes more http://www.tradewindsnews.com/tankers/360976/aegean-makes-more Aegean Marine Petroleum Network has boosted its profit for the first quarter and saw sales of marine fuel rise. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/tankers/360976/aegean-makes-more Thu, 28 May 2015 09:12:43 +0000 tankers Eriksen named DNV GL CEO http://www.tradewindsnews.com/andalso/360984/eriksen-named-dnv-gl-ceo Remi Eriksen has been named as the new chief executive officer (CEO) of Oslo headquartered classification society DNV GL. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/andalso/360984/eriksen-named-dnv-gl-ceo Thu, 28 May 2015 09:05:24 +0000 andalso Ong in at BW LPG http://www.tradewindsnews.com/finance/360977/ong-in-at-bw-lpg Singapore’s BW LPG is bringing in BW Group senior vice president of finance Elaine Ong as its new chief financial officer (CFO). gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/360977/ong-in-at-bw-lpg Thu, 28 May 2015 08:38:40 +0000 finance Eskimo sale helps Golar http://www.tradewindsnews.com/gas/360975/eskimo-sale-helps-golar Golar LNG has survived a poor LNG spot market thanks to the sale of a modern vessel to its spin-off. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/gas/360975/eskimo-sale-helps-golar Thu, 28 May 2015 08:27:29 +0000 gas Purple Beach boarded http://www.tradewindsnews.com/casualties/360979/purple-beach-boarded Efforts to save a German multipurpose (MPP) ablaze off Helgoland were succeeding on Thursday. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/360979/purple-beach-boarded Thu, 28 May 2015 08:09:07 +0000 casualties GOGL starts with loss http://www.tradewindsnews.com/drycargo/360973/gogl-starts-with-loss Oslo-listed Golden Ocean Group (GOGL) has begun with a loss in the first quarter after it was hit by a huge vessel impairment charge. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/360973/gogl-starts-with-loss Thu, 28 May 2015 07:48:37 +0000 drycargo OSG: set us free http://www.tradewindsnews.com/tankers/360972/osg-set-us-free US tanker OSG is asking lenders to relax restrictions limiting its ability to pursue a merger. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/360972/osg-set-us-free Thu, 28 May 2015 07:12:38 +0000 tankers Cosco delays two PSVs http://www.tradewindsnews.com/offshore/360969/cosco-delays-two-psvs Cosco Corp (Singapore) says it is delaying the delivery of two PSVs ordered by an unnamed US customer in 2012. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/360969/cosco-delays-two-psvs Thu, 28 May 2015 05:28:43 +0000 offshore Cosco bulker aground http://www.tradewindsnews.com/casualties/360965/cosco-bulker-aground A Cosco-owned bulker remains aground in the US Gulf of Mexico just off the coast from the town of Port Arthur, Texas. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/casualties/360965/cosco-bulker-aground Thu, 28 May 2015 03:20:56 +0000 casualties Navios to drop down VLs http://www.tradewindsnews.com/tankers/360961/navios-to-drop-down-vls Greek shipowner Navios Maritime Acquisition looks set to dropdown two VLCCs to its master limited partnership (MLP). dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/tankers/360961/navios-to-drop-down-vls Thu, 28 May 2015 01:23:36 +0000 tankers UOB trims Nam Cheong http://www.tradewindsnews.com/offshore/360960/uob-trims-nam-cheong Nam Cheong has seen its profit estimates for 2015 trimmed 18% by Singapore investment bank UOB Kay Hian. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/360960/uob-trims-nam-cheong Thu, 28 May 2015 00:34:37 +0000 offshore KNOT unties dropdown http://www.tradewindsnews.com/tankers/360957/knot-unties-dropdown KNOT Offshore Partners struck a deal to buy a shuttle tanker from parent Knutsen NYK Offshore Tankers (KNOT). eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/tankers/360957/knot-unties-dropdown Wed, 27 May 2015 21:26:29 +0000 tankers BLT takes ‘milestone’ step http://www.tradewindsnews.com/finance/360935/blt-takes-milestone-step Several affiliates of BLT Chembulk Group have launched pre-packaged insolvency proceedings as part of parent Berlian Laju Tanker (BLT)’s deal to hand over most of its ships to a new private equity-controlled company, a top executive said. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/finance/360935/blt-takes-milestone-step Wed, 27 May 2015 19:23:51 +0000 finance Stealth promotes Babilis http://www.tradewindsnews.com/andalso/360741/stealth-promotes-babilis Lambros Babilis has been promoted to the chief executive's chair at Harry Vafias's Stealth Maritime Corp. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/andalso/360741/stealth-promotes-babilis Wed, 27 May 2015 15:13:08 +0000 andalso Princess finds work http://www.tradewindsnews.com/offshore/360735/princess-finds-work Eidesvik Offshore has secured long-term employment for one platform supply vessel (PSV). n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/360735/princess-finds-work Wed, 27 May 2015 14:57:36 +0000 offshore Perri returns to roots http://www.tradewindsnews.com/finance/360723/perri-returns-to-roots Robert Perri will lead the effort of an investment banking firm to build up its presence in the shipping world. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/finance/360723/perri-returns-to-roots Wed, 27 May 2015 14:50:07 +0000 finance Charterers tighten up http://www.tradewindsnews.com/drycargo/360740/charterers-tighten-up Charterers that ship 20% of global cargoes are now avoiding the most inefficient ships, according to the Carbon War Room (CWR). gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/360740/charterers-tighten-up Wed, 27 May 2015 14:33:26 +0000 drycargo Condor crew cleared http://www.tradewindsnews.com/casualties/360730/condor-crew-cleared The crew of a £50m ($75m) Condor Ferries vessel has been exonerated of any blame for a dock collision in high winds in March. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/360730/condor-crew-cleared Wed, 27 May 2015 13:24:40 +0000 casualties Crude export plan blocked http://www.tradewindsnews.com/tankers/360725/crude-export-plan-blocked India’s petroleum ministry has rejected a proposal from Cairn India to export crude from its Barmer block in Rajasthan. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/360725/crude-export-plan-blocked Wed, 27 May 2015 11:28:59 +0000 tankers Octopus deal sparks Hoegh http://www.tradewindsnews.com/gas/360728/octopus-deal-sparks-hoegh Hoegh LNG was on the rise today after it inked a lucrative FSRU contract. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/gas/360728/octopus-deal-sparks-hoegh Wed, 27 May 2015 11:10:27 +0000 gas WWS loses more http://www.tradewindsnews.com/offshore/360724/wws-loses-more Amsterdam-based World Wide Supply has lost $1m more during the first quarter despite revenue jumping. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/360724/wws-loses-more Wed, 27 May 2015 11:01:47 +0000 offshore Two die in sinking http://www.tradewindsnews.com/casualties/360718/two-die-in-sinking Two crew have been killed after a tug sank off South Korea. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/360718/two-die-in-sinking Wed, 27 May 2015 10:44:07 +0000 casualties MBC slumps in Q1 http://www.tradewindsnews.com/drycargo/360717/mbc-slumps-in-q1 Malaysian Bulk Carriers (MBC) has seen red in its first quarter bottom line amid depressed dry bulk rates. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/drycargo/360717/mbc-slumps-in-q1 Wed, 27 May 2015 10:35:06 +0000 drycargo Latvian docks eight http://www.tradewindsnews.com/tankers/360705/latvian-docks-eight Latvian Shipping is sending half its fleet to drydock as it launches its biggest-ever upgrade project. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/tankers/360705/latvian-docks-eight Wed, 27 May 2015 09:59:34 +0000 tankers Cargoship hit by fire http://www.tradewindsnews.com/casualties/360701/cargoship-hit-by-fire The crew of a German multipurpose (MPP) has been evacuated after a fire broke out on board. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/360701/cargoship-hit-by-fire Wed, 27 May 2015 09:46:02 +0000 casualties Nordic into the black http://www.tradewindsnews.com/tankers/360702/nordic-into-the-black Denmark’s Nordic Shipholding has benefited from better rates for its products tankers to turn around a loss in the first quarter of 2015. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/360702/nordic-into-the-black Wed, 27 May 2015 09:06:54 +0000 tankers Wartsila equips boxships http://www.tradewindsnews.com/liner/360699/wartsila-equips-boxships Wartsila has won an order for its ballast water management systems for three boxships currently being built for a European owner. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/liner/360699/wartsila-equips-boxships Wed, 27 May 2015 08:53:53 +0000 liner Bulker breaks down http://www.tradewindsnews.com/incoming/360700/bulker-breaks-down A bulker that left a Canadian port after a two-and-a-half-year legal dispute has suffered an engine breakdown after covering only 200km of its journey to Dubai. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/incoming/360700/bulker-breaks-down Wed, 27 May 2015 08:38:35 +0000 ece_incoming Oceanteam turns red http://www.tradewindsnews.com/offshore/360696/oceanteam-turns-red Oceanteam Shipping has posted a moderate loss for the first quarter of the year as revenue declined. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/360696/oceanteam-turns-red Wed, 27 May 2015 08:29:36 +0000 offshore Mixing oil and water http://www.tradewindsnews.com/liner/360698/mixing-oil-and-water New Zealand’s Interislander ferry Arahura is to test a new potentially cheaper fuel system involving watering down diesel. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/360698/mixing-oil-and-water Wed, 27 May 2015 08:18:19 +0000 liner Yard worker dies http://www.tradewindsnews.com/casualties/360697/yard-worker-dies A labourer has been killed in a fall from a ship at a yard in Bangladesh. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/360697/yard-worker-dies Wed, 27 May 2015 07:54:05 +0000 casualties Crewman search criticised http://www.tradewindsnews.com/casualties/360694/crewman-search-criticised Australian union officials say more should have been done to search for a Korean seafarer who fell from an SK Shipping bulker. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/360694/crewman-search-criticised Wed, 27 May 2015 07:44:14 +0000 casualties HLNG seals Chile gig http://www.tradewindsnews.com/gas/360690/hlng-seals-chile-gig Hoegh LNG Holdings has secured a long-term charter to supply an LNG FSRU for deployment in Chile. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/gas/360690/hlng-seals-chile-gig Wed, 27 May 2015 05:32:56 +0000 gas