www.tradewindsnews.com http://www.tradewindsnews.com/ www.tradewindsnews.com Tallink offloads duo http://www.tradewindsnews.com/shipsales/355138/tallink-offloads-duo Estonian ferry operator Tallink has agreed to dispose of two elderly ro-ro vessels, the shipowner confirmed Friday. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/shipsales/355138/tallink-offloads-duo Fri, 27 Feb 2015 06:50:19 +0000 shipsales Icon profit down 85% http://www.tradewindsnews.com/offshore/355136/icon-profit-down-85-percent Icon Offshore has reported an 85% decline in fourth quarter net profit on the back of lower revenues and higher costs. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/355136/icon-profit-down-85-percent Fri, 27 Feb 2015 06:13:57 +0000 offshore Jinhui books $68.4m loss http://www.tradewindsnews.com/drycargo/355133/jinhui-books-usd-684m-loss Jinhui Shipping and Transport has slumped to a fourth quarter loss of $68.4m in line with its profit warning issued last month. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/drycargo/355133/jinhui-books-usd-684m-loss Fri, 27 Feb 2015 04:58:35 +0000 drycargo Vard profit slumps http://www.tradewindsnews.com/offshore/355131/vard-profit-slumps Vard, the Norwegian shipbuilding group, has reported an 80% drop in fourth quarter results, figures released Friday show. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/355131/vard-profit-slumps Fri, 27 Feb 2015 03:12:22 +0000 offshore Economou’s crystal ball http://www.tradewindsnews.com/drycargo/355121/economous-crystal-ball The chief executive of DryShips believes Asian shipyards that are active in the construction of bulkers may be forced to slash prices in the months ahead. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/drycargo/355121/economous-crystal-ball Thu, 26 Feb 2015 21:59:34 +0000 drycargo IPO steals the spotlight http://www.tradewindsnews.com/finance/355120/ipo-steals-the-spotlight The initial public offering (IPO) of Tankships Investment Holdings appears to be an increasingly important component of a campaign to shore up its parent’s balance sheet. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/finance/355120/ipo-steals-the-spotlight Thu, 26 Feb 2015 21:21:19 +0000 finance Stealth secures fixtures http://www.tradewindsnews.com/gas/355119/stealth-secures-fixtures Greek operator StealthGas of has firmed up period deals for three of its LPG carriers and an aframax tanker. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/gas/355119/stealth-secures-fixtures Thu, 26 Feb 2015 19:45:16 +0000 gas All in the family http://www.tradewindsnews.com/finance/355115/all-in-the-family Capital Product Partners (CPP) of Greece made waves in the bond market today after announcing plans to raise $260m from the sale of secured notes. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/finance/355115/all-in-the-family Thu, 26 Feb 2015 18:57:52 +0000 finance Solvang finishes strong http://www.tradewindsnews.com/gas/355113/solvang-finishes-strong It appears that investments in the expansion of Solvang’s very large gas carrier (VLGC) fleet are starting to pay off. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/gas/355113/solvang-finishes-strong Thu, 26 Feb 2015 17:14:52 +0000 gas Capital seals charters http://www.tradewindsnews.com/tankers/355112/capital-seals-charters Diversified Greek operator Capital Product Partners has lined up period deals for two of its suezmax tankers. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/tankers/355112/capital-seals-charters Thu, 26 Feb 2015 16:39:03 +0000 tankers Samudera back to black http://www.tradewindsnews.com/liner/355100/samudera-back-to-black Samudera Shipping has returned to the black for 2014 as lower costs outpaced a 7% decline in revenue. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/liner/355100/samudera-back-to-black Thu, 26 Feb 2015 15:54:52 +0000 liner Dream year for Vallianz http://www.tradewindsnews.com/offshore/355091/dream-year-for-vallianz Vallianz Holdings has produced a stellar performance in 2014 as it saw revenue surge and earnings double during the last 12 months to December. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/355091/dream-year-for-vallianz Thu, 26 Feb 2015 15:47:30 +0000 offshore StealthGas ups the ante http://www.tradewindsnews.com/gas/355103/stealthgas-ups-the-ante Harry Vafias-led StealthGas boosted its share buyback plan as it revealed stronger than projected fourth quarter performance today. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/gas/355103/stealthgas-ups-the-ante Thu, 26 Feb 2015 15:10:12 +0000 gas SFL boosts 2014 profit http://www.tradewindsnews.com/finance/355102/sfl-boosts-2014-profit A decline in fourth quarter earnings has not prevented Ship Finance International (SFL) from posting a bigger profit for the full year 2014. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/finance/355102/sfl-boosts-2014-profit Thu, 26 Feb 2015 15:00:16 +0000 finance NMM lines up box buy http://www.tradewindsnews.com/liner/355105/nmm-lines-up-box-buy New York-listed Navios Maritime Partners (NMM) has acquired an option to buy a containership built in South Korea in 2012. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/355105/nmm-lines-up-box-buy Thu, 26 Feb 2015 14:56:24 +0000 liner Sealink profit slashed http://www.tradewindsnews.com/offshore/355092/sealink-profit-slashed Malaysia’s Sealink International has seen both its revenue and profit trimmed during the fourth quarter.. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/355092/sealink-profit-slashed Thu, 26 Feb 2015 14:32:12 +0000 offshore PNSC weaker http://www.tradewindsnews.com/tankers/355099/pnsc-weaker Pakistan National Shipping Corp (PNSC) has posted a drop in second quarter profit as revenue declined. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/355099/pnsc-weaker Thu, 26 Feb 2015 14:11:10 +0000 tankers CPLP starts again http://www.tradewindsnews.com/tankers/355098/cplp-starts-again Greek tanker and boxship owner Capital Product Partners (CPLP) is refinancing existing borrowings with a notes issue and a new credit facility worth $520m. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/355098/cplp-starts-again Thu, 26 Feb 2015 13:40:12 +0000 tankers Eidesvik sees deep red http://www.tradewindsnews.com/offshore/355076/eidesvik-sees-deep-red Eidesvik Offshore has posted a big loss for the fourth quarter, leaving its full-year bottom line deeper in the red. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/355076/eidesvik-sees-deep-red Thu, 26 Feb 2015 13:25:19 +0000 offshore Grindrod edges up http://www.tradewindsnews.com/finance/355096/grindrod-edges-up Grindrod has reported a marginally stronger performance for 2014 amid struggles for both its bulker and tanker operations. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/355096/grindrod-edges-up Thu, 26 Feb 2015 13:22:37 +0000 finance Kerem S sinks http://www.tradewindsnews.com/casualties/355088/kerem-s-sinks A Turkish general cargoship has sunk six days after grounding on rocks off Greece. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/355088/kerem-s-sinks Thu, 26 Feb 2015 12:13:25 +0000 casualties Wilson finishes in red http://www.tradewindsnews.com/drycargo/355090/wilson-finishes-in-red Norway’s Wilson has seen red in its fourth quarter bottom line as it took a hit from increased voyage duration amid bad weather. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/drycargo/355090/wilson-finishes-in-red Thu, 26 Feb 2015 12:11:12 +0000 drycargo Merger talk intensifies http://www.tradewindsnews.com/finance/355075/merger-talk-intensifies Chatter surrounding a potential merger between John Fredriksen’s Frontline and Frontline 2012 became louder today as the stars were further aligned by their respective fourth quarter reports. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/355075/merger-talk-intensifies Thu, 26 Feb 2015 11:53:30 +0000 finance Bulker crewman killed http://www.tradewindsnews.com/casualties/355089/bulker-crewman-killed A crewman from a bulker managed by Greece’s Edem Marine has died during offloading of cargo on Thursday, Greece’s coastguard said. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/355089/bulker-crewman-killed Thu, 26 Feb 2015 11:40:11 +0000 casualties Rickmers books Q4 profit http://www.tradewindsnews.com/liner/355080/rickmers-books-q4-profit Rickmers Maritime has bounced back from a loss in 2013, as it overcame lower charter rates to turn a profit in the fourth quarter. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/liner/355080/rickmers-books-q4-profit Thu, 26 Feb 2015 11:34:05 +0000 liner Philly fixes two http://www.tradewindsnews.com/tankers/355087/philly-fixes-two Aker Philadelphia Shipyard-owned Philly Tankers has fixed two ships under construction on long-term deals. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/355087/philly-fixes-two Thu, 26 Feb 2015 11:20:27 +0000 tankers Avance boosts dividend http://www.tradewindsnews.com/gas/355070/avance-boosts-dividend Avance Gas has hiked its dividend in the fourth quarter as its VLGCs continued to rake in strong returns in a hot market. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/gas/355070/avance-boosts-dividend Thu, 26 Feb 2015 11:12:28 +0000 gas Pacific Basin posts $285m loss http://www.tradewindsnews.com/drycargo/355079/pacific-basin-posts-usd-285m-loss A “dysfunctional” bulker market and impairments have plunged Pacific Basin into the red for 2014. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/355079/pacific-basin-posts-usd-285m-loss Thu, 26 Feb 2015 10:55:13 +0000 drycargo Siem profit soars http://www.tradewindsnews.com/offshore/355077/siem-profit-soars Siem Offshore has finished 2014 strongly as it more than quadrupled fourth quarter profit, making its full year earnings jump. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/355077/siem-profit-soars Thu, 26 Feb 2015 10:44:45 +0000 offshore Charles Taylor strikes deal http://www.tradewindsnews.com/finance/355084/charles-taylor-strikes-deal The manager of the Standard Club is adding another shipowner insurance mutual to its portfolio of businesses. jim.mulrenan@tradewindsnews.com (Jim Mulrenan) http://www.tradewindsnews.com/finance/355084/charles-taylor-strikes-deal Thu, 26 Feb 2015 10:30:29 +0000 finance DHT fixes duo http://www.tradewindsnews.com/tankers/355082/dht-fixes-duo US-listed tanker owner DHT Holdings has reportedly fixed out two aframax tankers on period charter to oil major Shell. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/355082/dht-fixes-duo Thu, 26 Feb 2015 10:18:30 +0000 tankers Portline talk quashed http://www.tradewindsnews.com/shipsales/355081/portline-talk-quashed Portline sharply denies reports that it aims to sell as many as five of its 12 trading bulkers, including three modern supramax bulkers. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/shipsales/355081/portline-talk-quashed Thu, 26 Feb 2015 10:14:26 +0000 shipsales Loss grows at Hoegh LNG http://www.tradewindsnews.com/gas/355073/loss-grows-at-hoegh-lng Hoegh LNG has fallen to a bigger loss in the fourth quarter after it took a hit on its unwanted Florida LNG terminal. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/gas/355073/loss-grows-at-hoegh-lng Thu, 26 Feb 2015 10:08:58 +0000 gas Tallink profit down 37% http://www.tradewindsnews.com/liner/355078/tallink-profit-down-37-percent Tallink has seen its profit for 2014 fall almost 40% but the fourth quarter performance has left room for optimism, according to the company’s management. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/liner/355078/tallink-profit-down-37-percent Thu, 26 Feb 2015 09:53:16 +0000 liner Frontline crosses bond bridge http://www.tradewindsnews.com/finance/355071/frontline-crosses-bond-bridge John Fredriksen’s Frontline expects to have no problem clearing its convertible bond hurdle in April. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/355071/frontline-crosses-bond-bridge Thu, 26 Feb 2015 08:55:20 +0000 finance Ocean Yield adds profit http://www.tradewindsnews.com/finance/355074/ocean-yield-adds-profit Norway's Ocean Yield has produced higher earnings in the fourth quarter as revenue increased. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/355074/ocean-yield-adds-profit Thu, 26 Feb 2015 08:29:38 +0000 finance On the FRNT foot http://www.tradewindsnews.com/finance/355072/on-the-frnt-foot John Fredriksen’s Frontline 2012 has continued to build up its newbuilding orderbook while deleting contracts that had run into trouble. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/355072/on-the-frnt-foot Thu, 26 Feb 2015 08:25:48 +0000 finance Skaugen falls to a loss http://www.tradewindsnews.com/gas/355069/skaugen-falls-to-a-loss Norway's IM Skaugen Group has posted a loss of $27.1m for 2014 as revenue was slashed. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/gas/355069/skaugen-falls-to-a-loss Thu, 26 Feb 2015 07:50:24 +0000 gas Hy-Line orders fast ferry http://www.tradewindsnews.com/shipsales/355068/hy-line-orders-fast-ferry Hy-Line Cruises of the US has ordered a new high-speed ferry at Gladding-Hearn Shipbuilding. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/355068/hy-line-orders-fast-ferry Thu, 26 Feb 2015 07:23:50 +0000 shipsales Impairments down Swissco http://www.tradewindsnews.com/offshore/355067/impairments-down-swissco Swissco, the Singapore offshore vessel operator, has seen its fourth quarter profit all but wiped out by a series of impairment charges. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/355067/impairments-down-swissco Thu, 26 Feb 2015 07:11:25 +0000 offshore Pac Radiance down 63% http://www.tradewindsnews.com/offshore/355065/pac-radiance-down-63-percent Pacific Radiance has seen a dramatic fall in fourth quarter figures as revenue dropped and operating costs came in higher. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/355065/pac-radiance-down-63-percent Thu, 26 Feb 2015 05:23:47 +0000 offshore Lysblink to be moved http://www.tradewindsnews.com/casualties/355064/lysblink-to-be-moved The DFDS general cargo vessel that ran aground off Scotland last week was due to be moved Wednesday due to bad weather. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/casualties/355064/lysblink-to-be-moved Thu, 26 Feb 2015 03:25:54 +0000 casualties Low crude boosting LPG http://www.tradewindsnews.com/gas/355063/low-crude-boosting-lpg LPG shipping earnings are forecast to remain buoyant on the back of low oil prices and the absence of fuel substitution, say Drewry. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/gas/355063/low-crude-boosting-lpg Thu, 26 Feb 2015 01:45:25 +0000 gas Statoil retains LNG PSV http://www.tradewindsnews.com/offshore/355062/statoil-retains-lng-psv Statoil has extended its employment of the world’s first LNG-powered PSV, the ship’s owner Eidesvik confirms. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/355062/statoil-retains-lng-psv Thu, 26 Feb 2015 00:37:24 +0000 offshore DRYS sees red http://www.tradewindsnews.com/finance/355058/drys-sees-red DryShips racked up a loss in the fourth quarter but George Economou is confident that the diversified Greek operator will triumph over turbulence in key markets. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/finance/355058/drys-sees-red Wed, 25 Feb 2015 22:20:17 +0000 finance Suezmaxes sparkle http://www.tradewindsnews.com/tankers/355053/suezmaxes-sparkle Asset values are on the rise in many corners of the tanker market but some segments are seeing greater gains than others. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/tankers/355053/suezmaxes-sparkle Wed, 25 Feb 2015 20:43:41 +0000 tankers ‘No value’ in Copenship arms http://www.tradewindsnews.com/drycargo/355048/no-value-in-copenship-arms Copenship’s subsidiaries, including its dry-bulk and multipurposeship (MPP) arms, have been written off as providing no value for the company as its bankruptcy continues in Denmark, the latest filings reveal. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/drycargo/355048/no-value-in-copenship-arms Wed, 25 Feb 2015 20:29:52 +0000 drycargo Ridgebury's strong finish http://www.tradewindsnews.com/finance/355018/ridgeburys-strong-finish Ridgebury Crude Tankers (Ridgebury) made waves Wednesday after reporting a fourth-quarter profit that exceeded gains generated by some of its closest competitors in the same period. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/finance/355018/ridgeburys-strong-finish Wed, 25 Feb 2015 19:21:05 +0000 finance Egos aside http://www.tradewindsnews.com/tankers/354939/egos-aside The big VLCC merger between General Maritime and Navig8 Crude Tankers was not as driven by a common partnership with Oaktree Capital Management as might be assumed in the market. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/tankers/354939/egos-aside Wed, 25 Feb 2015 17:51:19 +0000 tankers Milaha makes more http://www.tradewindsnews.com/tankers/354935/milaha-makes-more Qatar Navigation (Milaha) has posted a rise in profit for 2014 as its tankers and gas carriers improved. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/354935/milaha-makes-more Wed, 25 Feb 2015 15:39:11 +0000 tankers Lauritzen slashes loss http://www.tradewindsnews.com/drycargo/354934/lauritzen-slashes-loss Danish bulker and gas carrier owner J Lauritzen has cut back its 2014 loss despite big one-off impairments and provisions in the final quarter. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/354934/lauritzen-slashes-loss Wed, 25 Feb 2015 13:54:06 +0000 drycargo ABG to be sold? http://www.tradewindsnews.com/shipsales/354933/abg-to-be-sold The controlling shareholders of loss-making ABG Shipyard are in talks to sell the business, Indian reports claim. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/354933/abg-to-be-sold Wed, 25 Feb 2015 13:49:27 +0000 shipsales Tankers boost FSL http://www.tradewindsnews.com/tankers/354930/tankers-boost-fsl Singapore’s First Ship Lease Trust (FSL) has benefited from higher spot tanker rates to post stronger fourth quarter and full year earnings. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/354930/tankers-boost-fsl Wed, 25 Feb 2015 13:16:37 +0000 tankers Rem held back in Q4 http://www.tradewindsnews.com/offshore/354927/rem-held-back-in-q4 Norway’s Rem Offshore has seen profit fall in the fourth quarter as financial losses rose. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/offshore/354927/rem-held-back-in-q4 Wed, 25 Feb 2015 12:52:08 +0000 offshore Ahrenkiel buys eight http://www.tradewindsnews.com/liner/354928/ahrenkiel-buys-eight Hamburg’s Ahrenkiel Steamship has taken on eight boxships from the distressed loan portfolio of HSH Nordbank. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/354928/ahrenkiel-buys-eight Wed, 25 Feb 2015 11:50:21 +0000 liner Gener8 ready to roll http://www.tradewindsnews.com/tankers/354929/gener8-ready-to-roll General Maritime (Genmar) and Navig8 Crude Tankers have confirmed a tie-up that will run 46 ships, including 28 VLCCs. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/354929/gener8-ready-to-roll Wed, 25 Feb 2015 11:30:40 +0000 tankers Algoma on the rise http://www.tradewindsnews.com/tankers/354926/algoma-on-the-rise Canadian owner Algoma Central Corporation has posted stronger fourth-quarter earnings as profit jumped for products tankers and domestic bulkers. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/354926/algoma-on-the-rise Wed, 25 Feb 2015 10:51:32 +0000 tankers DFDS ups earnings http://www.tradewindsnews.com/liner/354925/dfds-ups-earnings Danish ro-ro group DFDS has posted an improved profit for 2014 as North Sea freight operations boosted its bottom line. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/354925/dfds-ups-earnings Wed, 25 Feb 2015 10:19:10 +0000 liner Kalamos crew freed http://www.tradewindsnews.com/piracy/354923/kalamos-crew-freed Three seafarers kidnapped from a Greek VLCC off West Africa earlier this month have been released. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/piracy/354923/kalamos-crew-freed Wed, 25 Feb 2015 09:55:37 +0000 piracy Wisdom ordering again http://www.tradewindsnews.com/drycargo/354922/wisdom-ordering-again Taiwan’s Wisdom Marine has lined up another bulker newbuilding contract in Japan. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/354922/wisdom-ordering-again Wed, 25 Feb 2015 09:43:04 +0000 drycargo Maersk to sell bank stake http://www.tradewindsnews.com/finance/354921/maersk-to-sell-bank-stake AP Moller-Maersk is lining up another huge asset disposal as it finally decides to cash in on its holding in Danske Bank. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/354921/maersk-to-sell-bank-stake Wed, 25 Feb 2015 08:21:09 +0000 finance Maersk posts record profit http://www.tradewindsnews.com/finance/354890/maersk-posts-record-profit Danish shipping giant AP Moller-Maersk has unveiled its best-ever annual profit in 2014 as Maersk Line prospered and Maersk Tankers rebounded from a loss in 2013. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/354890/maersk-posts-record-profit Wed, 25 Feb 2015 07:26:13 +0000 finance Write-downs dog DESS http://www.tradewindsnews.com/offshore/354919/write-downs-dog-dess Deep Sea Supply (DESS) has sunk to a loss of $12.2m in the last quarter of 2014 hurt by over vessel impairment costs. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/354919/write-downs-dog-dess Wed, 25 Feb 2015 07:02:52 +0000 offshore Golar LNG posts loss http://www.tradewindsnews.com/gas/354918/golar-lng-posts-loss Golar LNG has reported a fourth quarter loss of $38m driven mainly by write-downs of $32.7m, the company confirmed Wednesday. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/gas/354918/golar-lng-posts-loss Wed, 25 Feb 2015 06:17:32 +0000 gas Tanker giant born http://www.tradewindsnews.com/tankers/354917/tanker-giant-born General Maritime and Navig8 Crude Tankers have finalised terms of a merger that will create one of the world’s largest owners of VLCCs, market sources tell TradeWinds. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/tankers/354917/tanker-giant-born Wed, 25 Feb 2015 04:48:32 +0000 tankers Diamond six dumped http://www.tradewindsnews.com/offshore/354916/diamond-six-dumped Diamond Offshore has received notices to cancel up to six long-term rig charters in a move that could cost it $750m in lost revenues. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/354916/diamond-six-dumped Wed, 25 Feb 2015 04:02:20 +0000 offshore Solstad ends in the red http://www.tradewindsnews.com/offshore/354913/solstad-ends-in-the-red Foreign exchange losses have pushed Solstad Offshore to a fourth quarter loss of NOK 363.4m ($48m), figures just released show. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/354913/solstad-ends-in-the-red Wed, 25 Feb 2015 01:45:37 +0000 offshore Bunkers to be unloaded http://www.tradewindsnews.com/casualties/354912/bunkers-to-be-unloaded Work to remove bunkers from a DFDS general cargo vessel that ran aground off Scotland last week is expected to begin Wednesday. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/casualties/354912/bunkers-to-be-unloaded Wed, 25 Feb 2015 00:07:44 +0000 casualties Wang sees ‘no hesitation’ http://www.tradewindsnews.com/liner/354909/wang-sees-no-hesitation Seaspan chief executive Gerry Wang says he sees “no hesitation” by liner operators to add large and fuel efficient modern ships to their fleets. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/liner/354909/wang-sees-no-hesitation Tue, 24 Feb 2015 20:42:14 +0000 liner Will Philly roll the dice? http://www.tradewindsnews.com/tankers/354903/will-philly-roll-the-dice Forecasters who track the Jones Act tanker and containership markets are anxiously awaiting the release of Aker Philadelphia Shipyard’s fourth-quarter earnings report. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/tankers/354903/will-philly-roll-the-dice Tue, 24 Feb 2015 20:01:40 +0000 tankers Agents of change http://www.tradewindsnews.com/tankers/354900/agents-of-change A growing number of Jones Act product tankers have been pursuing crude cargoes in recent years but this may change when fresh tonnage enters the market, a leading brokerage told clients today. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/tankers/354900/agents-of-change Tue, 24 Feb 2015 19:15:54 +0000 tankers BP exports condensates http://www.tradewindsnews.com/tankers/354899/bp-exports-condensates The crude market is rife with speculation that BP has started to export condensates from the US to Europe. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/tankers/354899/bp-exports-condensates Tue, 24 Feb 2015 18:13:05 +0000 tankers Farstad stacks four http://www.tradewindsnews.com/offshore/354898/farstad-stacks-four A leading Norwegian offshore contractor has been forced to lay-up more tonnage in response to turbulence in its core markets. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/offshore/354898/farstad-stacks-four Tue, 24 Feb 2015 17:32:03 +0000 offshore Chandris tanker cited http://www.tradewindsnews.com/tankers/354893/chandris-tanker-cited The US Coast Guard (USCG) has accused a suezmax controlled by Chandris, a Greek bulker and tanker operator, of discharging oily waste at sea. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/tankers/354893/chandris-tanker-cited Tue, 24 Feb 2015 16:38:30 +0000 tankers UDSC CEO suspended http://www.tradewindsnews.com/drycargo/354887/udsc-ceo-suspended Ukraine’s ministry of infrastructure has suspended the CEO of cargoship owner Ukrainian Danube Shipping Company (UDSC). gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/354887/udsc-ceo-suspended Tue, 24 Feb 2015 16:04:01 +0000 drycargo NewLead seals COA http://www.tradewindsnews.com/tankers/354889/newlead-seals-coa Diversified Greek operator NewLead Holdings has lined up a contract-of-affreightment for one of its bitumen carriers. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/tankers/354889/newlead-seals-coa Tue, 24 Feb 2015 15:25:35 +0000 tankers Chelsea signs new deal http://www.tradewindsnews.com/tankers/354886/chelsea-signs-new-deal Chelsea Shipping of the Philippines has signed a five-year contract to supply jet fuel to Cebu Pacific. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/354886/chelsea-signs-new-deal Tue, 24 Feb 2015 15:11:24 +0000 tankers Finnlines slows in fourth http://www.tradewindsnews.com/liner/354883/finnlines-slows-in-fourth Finnish ro-ro operator Finnlines has seen its profit momentum come to a halt in the fourth quarter, but its full-year result is well ahead of 2013. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/354883/finnlines-slows-in-fourth Tue, 24 Feb 2015 14:28:12 +0000 liner MISC deal backed http://www.tradewindsnews.com/gas/354882/misc-deal-backed Malaysian owner MISC’s deal to acquire five LNG carrier newbuilding contracts from its parent has been positively received by Hong Leong Bank. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/gas/354882/misc-deal-backed Tue, 24 Feb 2015 13:40:43 +0000 gas Middle East routes safe http://www.tradewindsnews.com/piracy/354881/middle-east-routes-safe Key shipping routes in the Middle East are not currently at risk from Isis (Islamic State) or instability in Yemen, according to a US naval commander. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/piracy/354881/middle-east-routes-safe Tue, 24 Feb 2015 12:54:50 +0000 piracy Drugs seized on tanker http://www.tradewindsnews.com/tankers/354879/drugs-seized-on-tanker The Colombian navy has arrested two suspected drugs traffickers who concealed cocaine on a Prisco Singapore tanker. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/354879/drugs-seized-on-tanker Tue, 24 Feb 2015 12:07:12 +0000 tankers MBC falls to loss http://www.tradewindsnews.com/drycargo/354878/mbc-falls-to-loss Robert Kuok-controlled Malaysian Bulk Carriers (MBC) has posted a loss for the fourth quarter as costs rose. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/354878/mbc-falls-to-loss Tue, 24 Feb 2015 11:20:20 +0000 drycargo Hachiuma engineer jailed http://www.tradewindsnews.com/liner/354875/hachiuma-engineer-jailed A Hachiuma Steamship chief engineer has been jailed for eight months in the US for discharging oily waste from a car carrier. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/354875/hachiuma-engineer-jailed Tue, 24 Feb 2015 10:55:56 +0000 liner Lorentzen steps down http://www.tradewindsnews.com/tankers/354876/lorentzen-steps-down Oivind Lorentzen is resigning as Seacor Holdings CEO to become non-executive vice chairman. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/354876/lorentzen-steps-down Tue, 24 Feb 2015 10:31:06 +0000 tankers Kanal Istanbul cut back? http://www.tradewindsnews.com/tankers/354873/kanal-istanbul-cut-back Turkey’s Kanal Istanbul project is still on the political agenda, but it may end up being shorter than originally planned. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/354873/kanal-istanbul-cut-back Tue, 24 Feb 2015 09:54:34 +0000 tankers Asian finance attracts http://www.tradewindsnews.com/finance/354874/asian-finance-attracts Ship finance is becoming a hugely important reason for entering Asian markets rather than proximity to growing freight markets according to a new survey and report by HSH Nordbank. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/354874/asian-finance-attracts Tue, 24 Feb 2015 09:46:05 +0000 finance Cuba ferries coming? http://www.tradewindsnews.com/liner/354872/cuba-ferries-coming A former air force pilot is planning to re-start a ferry run to Cuba. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/354872/cuba-ferries-coming Tue, 24 Feb 2015 08:27:32 +0000 liner Bulkers for Baosource http://www.tradewindsnews.com/drycargo/354871/bulkers-for-baosource China's Huahai Heavy Industry has won an order for two mini-bulkers from a domestic operator. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/354871/bulkers-for-baosource Tue, 24 Feb 2015 07:39:47 +0000 drycargo Start-up plots crossing http://www.tradewindsnews.com/liner/354870/start-up-plots-crossing A ferry start-up is eyeing a Channel route vacated by Condor Ferries. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/354870/start-up-plots-crossing Tue, 24 Feb 2015 07:27:22 +0000 liner CNCo moves into cement http://www.tradewindsnews.com/drycargo/354869/cnco-moves-into-cement China Navigation Company (CNCo) has ordered its first ever self-discharging cement carrier on the back of a long-term charter. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/drycargo/354869/cnco-moves-into-cement Tue, 24 Feb 2015 06:29:13 +0000 drycargo Budget boost for shipping http://www.tradewindsnews.com/finance/354867/budget-boost-for-shipping Singapore is set to improve tax incentives for shipowners in a bid to maintain the country’s position as a major maritime centre. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/finance/354867/budget-boost-for-shipping Tue, 24 Feb 2015 05:35:43 +0000 finance Seaspan ends on a low http://www.tradewindsnews.com/liner/354866/seaspan-ends-on-a-low Seaspan has booked a near 60% decline in net earnings for the last quarter of 2014, figures released late Monday show. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/liner/354866/seaspan-ends-on-a-low Tue, 24 Feb 2015 03:11:53 +0000 liner PACD drops dividend http://www.tradewindsnews.com/offshore/354865/pacd-drops-dividend Pacific Drilling has dropped plans to initiate a dividend due to the turmoil in the offshore drilling industry. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/354865/pacd-drops-dividend Tue, 24 Feb 2015 01:05:14 +0000 offshore Crowley scores Jaxport renewal http://www.tradewindsnews.com/liner/354862/crowley-scores-jaxport-renewal Crowley Liner Services has won approval from the Jaxport board of directors to expand its footprint at the Florida port facility. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/liner/354862/crowley-scores-jaxport-renewal Mon, 23 Feb 2015 21:46:34 +0000 liner Cape sale stuns market http://www.tradewindsnews.com/shipsales/354856/cape-sale-stuns-market Asset prices in the capesize segment have plunged in recent months and many believe the trend will continue in the months to come. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/shipsales/354856/cape-sale-stuns-market Mon, 23 Feb 2015 20:26:04 +0000 shipsales Scrapping accelerates http://www.tradewindsnews.com/drycargo/354854/scrapping-accelerates The near-term forecast for the dry-bulk market still looks grim but a sharp spike in demolition deals is encouraging, a leading investment bank to clients today. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/drycargo/354854/scrapping-accelerates Mon, 23 Feb 2015 19:22:29 +0000 drycargo