www.tradewindsnews.com http://www.tradewindsnews.com/ www.tradewindsnews.com Simek wins again http://www.tradewindsnews.com/offshore/336414/simek-wins-again US offshore vessel owner GulfMark has returned to Simek for another platform supply vessel newbuilding. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/offshore/336414/simek-wins-again Wed, 23 Apr 2014 15:20:45 +0000 offshore UASC steps it up http://www.tradewindsnews.com/liner/336413/uasc-steps-it-up Middle East line UASC is launching three new services between Asia and Europe. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/336413/uasc-steps-it-up Wed, 23 Apr 2014 15:05:29 +0000 liner Navios fixes higher http://www.tradewindsnews.com/tankers/336408/navios-fixes-higher Navios Maritime Acquisition Corporation has signed fresh fixtures for a pair of MR2 product tankers at higher rates. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/tankers/336408/navios-fixes-higher Wed, 23 Apr 2014 13:43:56 +0000 tankers Tanker runs aground http://www.tradewindsnews.com/casualties/336409/tanker-runs-aground A salvage operation has been launched to lighter oil from a Singaporean tanker that grounded off Madagascar. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/336409/tanker-runs-aground Wed, 23 Apr 2014 13:41:47 +0000 casualties Two dead on bulker http://www.tradewindsnews.com/casualties/336406/two-dead-on-bulker Gas inhalation suspected after crewmen killed on Chinese ship off India. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/336406/two-dead-on-bulker Wed, 23 Apr 2014 13:08:47 +0000 casualties Navigator declares three http://www.tradewindsnews.com/shipsales/336407/navigator-declares-three Navigator Holdings has exercised options to build three LPG carriers in China just a day after plans were unveiled for a huge new ethane production facility in Texas. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/shipsales/336407/navigator-declares-three Wed, 23 Apr 2014 11:32:04 +0000 shipsales Bharati banks loan http://www.tradewindsnews.com/finance/336405/bharati-banks-loan India’s loss-making Bharati Shipyard is hopeful of clinching new orders following a loan agreement with lenders led by State Bank of India (SBI). gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/336405/bharati-banks-loan Wed, 23 Apr 2014 11:26:09 +0000 finance Keppel lands BP deal http://www.tradewindsnews.com/shipsales/336402/keppel-lands-bp-deal Keppel Offshore & Marine has clinched a huge maiden contract for its new Baku Shipyard in Azerbaijan. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/shipsales/336402/keppel-lands-bp-deal Wed, 23 Apr 2014 10:56:51 +0000 shipsales Bank buys Bourgas http://www.tradewindsnews.com/shipsales/336401/bank-buys-bourgas Bulgaria’s First Investment Bank (FIB) has taken over the domestic Bourgas Shipyards following an auction. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/336401/bank-buys-bourgas Wed, 23 Apr 2014 10:37:33 +0000 shipsales Norway handles more cargo http://www.tradewindsnews.com/drycargo/336399/norway-handles-more-cargo Norwegian ports handled nearly 20% more dry cargo in the fourth quarter of last year compared to the final three months of 2012. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/drycargo/336399/norway-handles-more-cargo Wed, 23 Apr 2014 10:34:54 +0000 drycargo Vopak into reverse http://www.tradewindsnews.com/tankers/336398/vopak-into-reverse Dutch tank terminals giant Vopak has seen first-quarter profit cut by falling revenue. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/336398/vopak-into-reverse Wed, 23 Apr 2014 09:55:21 +0000 tankers First orders kamsarmax http://www.tradewindsnews.com/drycargo/336392/first-orders-kamsarmax Taiwan’s First Steamship is renewing its fleet with a kamsarmax newbuilding at Sasebo in Japan. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/336392/first-orders-kamsarmax Wed, 23 Apr 2014 09:36:35 +0000 drycargo Taiwan Nav weaker http://www.tradewindsnews.com/finance/336393/taiwan-nav-weaker Bulker owner Taiwan Navigation has posted a lower profit for 2013 as revenue declined. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/336393/taiwan-nav-weaker Wed, 23 Apr 2014 09:13:46 +0000 finance Reef to split in three http://www.tradewindsnews.com/offshore/336394/reef-to-split-in-three Norway’s Reef Subsea is splitting into three companies to focus on different areas of the offshore construction market. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/offshore/336394/reef-to-split-in-three Wed, 23 Apr 2014 09:07:38 +0000 offshore Auerbach inks MPP double http://www.tradewindsnews.com/shipsales/336390/auerbach-inks-mpp-double Germany’s Auberbach Schiffahrt has signed up for two new multipurpose (MPP) ships to cut 25% off its fuel bills. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/336390/auerbach-inks-mpp-double Wed, 23 Apr 2014 08:34:23 +0000 shipsales Turkish tanker refloated http://www.tradewindsnews.com/casualties/336387/turkish-tanker-refloated A Turkish products tanker that ran aground in the St Lawrence River has been refloated. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/336387/turkish-tanker-refloated Wed, 23 Apr 2014 08:17:55 +0000 casualties Maran Nakilat adds trio http://www.tradewindsnews.com/finance/336388/maran-nakilat-adds-trio The Maran Nakilat LNG shipping joint venture has added another three vessels to its fleet in a refinancing deal. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/336388/maran-nakilat-adds-trio Wed, 23 Apr 2014 08:05:32 +0000 finance KDB boosts HMM http://www.tradewindsnews.com/finance/336386/kdb-boosts-hmm Loss-making Korean owner HMM has received a helping hand in its fundraising efforts in a deal with Korea Development Bank (KDB). gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/336386/kdb-boosts-hmm Wed, 23 Apr 2014 07:20:16 +0000 finance Duo target Africa http://www.tradewindsnews.com/liner/336385/duo-target-africa Pacific International Lines (PIL) and NileDutch are to jointly provide a weekly service between the Far East and West Africa. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/liner/336385/duo-target-africa Wed, 23 Apr 2014 06:09:01 +0000 liner JL retains optimism http://www.tradewindsnews.com/drycargo/336384/jl-retains-optimism J Lauritzen is hopeful that the dry-bulk market will rebound in the months ahead even though day rates in each subsector are lingering below the $10,000 mark. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/drycargo/336384/jl-retains-optimism Wed, 23 Apr 2014 04:46:59 +0000 drycargo Crew trio snatched http://www.tradewindsnews.com/piracy/336378/crew-trio-snatched Three crew members from a small products tanker have been kidnapped after their ship was hijacked off Malaysia. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/piracy/336378/crew-trio-snatched Wed, 23 Apr 2014 03:05:31 +0000 piracy China output tops 70mt http://www.tradewindsnews.com/drycargo/336371/china-output-tops-70mt China’s crude steel production inch up 2.2% last month as the world’s largest producer saw output top 70mt. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/drycargo/336371/china-output-tops-70mt Wed, 23 Apr 2014 01:41:01 +0000 drycargo India lifts mining ban http://www.tradewindsnews.com/drycargo/336367/india-lifts-mining-ban All eyes were on India this week in the wake of reports that the nation’s Supreme Court has lifted a ban on iron ore mining in Goa. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/drycargo/336367/india-lifts-mining-ban Tue, 22 Apr 2014 20:12:24 +0000 drycargo Uncle Sam extends http://www.tradewindsnews.com/liner/336366/uncle-sam-extends A subsidiary pf General Dynamics (GD) has firmed up a $32.7m contract to operate and maintain seven of the US Navy’s ro-ros for another year. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/liner/336366/uncle-sam-extends Tue, 22 Apr 2014 17:58:52 +0000 liner HAL moves for Seamec http://www.tradewindsnews.com/offshore/336356/hal-moves-for-seamec Indian offshore shipowner HAL Offshore has launched a takeover bid for rival outfit Seamec. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/offshore/336356/hal-moves-for-seamec Tue, 22 Apr 2014 15:31:14 +0000 offshore Damen still standing http://www.tradewindsnews.com/shipsales/336353/damen-still-standing Damen Shipyards of the Netherlands is the only bidder for Montenegro’s Adriatic Shipyard Bijela. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/336353/damen-still-standing Tue, 22 Apr 2014 15:02:57 +0000 shipsales Nordic Yards buys Stralsund http://www.tradewindsnews.com/shipsales/336355/nordic-yards-buys-stralsund Russian-owned Nordic Yards is to take over bankrup P+S Werft’s Stralsund yard. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/336355/nordic-yards-buys-stralsund Tue, 22 Apr 2014 14:45:39 +0000 shipsales Farstad inks new deals http://www.tradewindsnews.com/offshore/336354/farstad-inks-new-deals Farstad Shipping has wrapped up a batch of charter contracts worth NOK 525m ($87.8m). jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/offshore/336354/farstad-inks-new-deals Tue, 22 Apr 2014 14:16:46 +0000 offshore IHC wins South Africa job http://www.tradewindsnews.com/shipsales/336350/ihc-wins-south-africa-job IHC Merwede has clinched a contract to build a dredger for South African port operator Transnet. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/shipsales/336350/ihc-wins-south-africa-job Tue, 22 Apr 2014 13:34:36 +0000 shipsales RINA eyes IPO http://www.tradewindsnews.com/finance/336349/rina-eyes-ipo Two private equity funds have bought into Italian class society RINA as a precursor to a stock exchange listing. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/336349/rina-eyes-ipo Tue, 22 Apr 2014 13:05:01 +0000 finance Mercator chops loss http://www.tradewindsnews.com/finance/336348/mercator-chops-loss Mercator Lines Singapore has slashed its full year loss after cutting back its fleet of dry cargo vessels. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/finance/336348/mercator-chops-loss Tue, 22 Apr 2014 12:30:33 +0000 finance CSSC eyes $1.1bn splurge http://www.tradewindsnews.com/shipsales/336346/cssc-eyes-11bn-splurge China State Shipbuilding Corporation (CSSC) is planning a huge newbuilding spree through its vessel leasing division. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/336346/cssc-eyes-11bn-splurge Tue, 22 Apr 2014 12:28:16 +0000 shipsales GulfMark profit soars http://www.tradewindsnews.com/incoming/336345/gulfmark-profit-soars GulfMark Offshore has reported a huge rise in first quarter earnings as it delivered record sales for the period. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/incoming/336345/gulfmark-profit-soars Tue, 22 Apr 2014 11:46:48 +0000 ece_incoming Sincere slides http://www.tradewindsnews.com/drycargo/336342/sincere-slides Taiwan’s Sincere Navigation has seen earnings and revenue dwindle in 2013. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/336342/sincere-slides Tue, 22 Apr 2014 10:51:55 +0000 drycargo Tan selling out? http://www.tradewindsnews.com/offshore/336344/tan-selling-out Former PDZ Holdings chairman Robert Tan is looking to offload his stake in the Malaysian liner company. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/offshore/336344/tan-selling-out Tue, 22 Apr 2014 10:15:39 +0000 offshore Two dead in HHI fire http://www.tradewindsnews.com/casualties/336343/two-dead-in-hhi-fire Two workers have been killed after a Dorian VLGC newbuilding was hit by a fire at Hyundai Heavy Industries (HHI) in Korea. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/336343/two-dead-in-hhi-fire Tue, 22 Apr 2014 09:44:12 +0000 casualties CIL drops shipping plan http://www.tradewindsnews.com/drycargo/336336/cil-drops-shipping-plan State-owned Coal India (CIL) has scrapped its plan to enter the shipping sector due to a lack of demand for imported coal. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/336336/cil-drops-shipping-plan Tue, 22 Apr 2014 09:17:51 +0000 drycargo Siem wins wind work http://www.tradewindsnews.com/offshore/336339/siem-wins-wind-work Norway’s Siem Offshore has diversified further into the wind farm sector with a new supply and installation deal. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/offshore/336339/siem-wins-wind-work Tue, 22 Apr 2014 08:36:35 +0000 offshore Crew injured by huge wave http://www.tradewindsnews.com/casualties/336335/crew-injured-by-huge-wave Three seafarers have been airlifted from a Japanese bulker off the US after the vessel was hit by a huge wave. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/336335/crew-injured-by-huge-wave Tue, 22 Apr 2014 08:23:41 +0000 casualties Kuhne wants second tie-up http://www.tradewindsnews.com/liner/336334/kuhne-wants-second-tieup Billionaire investor Klaus-Michael Kuhne says Hapag-Lloyd should seek another partner following its merger with Chile’s CSAV. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/336334/kuhne-wants-second-tieup Tue, 22 Apr 2014 08:04:18 +0000 liner CSAV: “dissidents” sell up http://www.tradewindsnews.com/finance/336333/csav-dissidents-sell-up Only 2.7% of CSAV shareholders have bailed out following its merger with Germany’s Hapag-Lloyd. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/336333/csav-dissidents-sell-up Tue, 22 Apr 2014 07:41:23 +0000 finance RCCL rejigs loan http://www.tradewindsnews.com/finance/336332/rccl-rejigs-loan US cruise line Royal Caribbean (RCCL) has converted part of its loan for a new Oasis-class ship into US dollars. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/336332/rccl-rejigs-loan Tue, 22 Apr 2014 07:23:19 +0000 finance Genco enters Chapter 11 http://www.tradewindsnews.com/finance/336325/genco-enters-chapter-11 Genco Shipping & Trading has filed Chapter 11 papers to become the second company founded by Peter Georgiopoulos to enter the US bankruptcy courts. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/336325/genco-enters-chapter-11 Mon, 21 Apr 2014 16:55:34 +0000 finance Besiktas scores five http://www.tradewindsnews.com/shipsales/336324/besiktas-scores-five Turkey’s Besiktas Shipyard has secured orders for five tugs from two different owners. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/shipsales/336324/besiktas-scores-five Mon, 21 Apr 2014 14:10:13 +0000 shipsales Pan Ocean culls another http://www.tradewindsnews.com/shipsales/336322/pan-ocean-culls-another Korean shipowner Pan Ocean has piled on the misery at compatriot yard STX Dalian and pulled the plug on an order for a semi-submersible heavy-lift carrier newbuilding due for delivery this year. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/shipsales/336322/pan-ocean-culls-another Mon, 21 Apr 2014 13:15:22 +0000 shipsales Cosco wins $100m deals http://www.tradewindsnews.com/incoming/336319/cosco-wins-100m-deals Cosco Corp (Singapore) has clinched orders worth $100m for six offshore support vessel newbuildings. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/incoming/336319/cosco-wins-100m-deals Mon, 21 Apr 2014 10:54:27 +0000 ece_incoming Heron scraps trio http://www.tradewindsnews.com/shipsales/336318/heron-scraps-trio Newcomer Heron Ventures appears to have scrapped a quarter of the dozen bulkers recently acquired at auction from creditors of troubled Italian shipowner Deiulemar Shipping. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/shipsales/336318/heron-scraps-trio Mon, 21 Apr 2014 09:30:44 +0000 shipsales SCF back at Arctech http://www.tradewindsnews.com/shipsales/336317/scf-back-at-arctech Sovcomflot (SCF) has returned to Finland’s Arctech Helsinki Shipyard for another icebreaking platform supply vessel (PSV) to support the Sakhalin 2 offshore oil project. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/shipsales/336317/scf-back-at-arctech Mon, 21 Apr 2014 08:38:07 +0000 shipsales CGG lifts bond issue http://www.tradewindsnews.com/finance/336316/cgg-lifts-bond-issue CGG has upsized its recent bond issue and has successfully priced an offering of EUR 400m ($550m) of senior notes. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/finance/336316/cgg-lifts-bond-issue Mon, 21 Apr 2014 06:22:37 +0000 finance LA volumes surge http://www.tradewindsnews.com/liner/336315/la-volumes-surge The Port of Los Angeles in the US has reported a major jump in container volumes for the month of March 2014. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/liner/336315/la-volumes-surge Mon, 21 Apr 2014 03:41:14 +0000 liner UACC details MISC deal http://www.tradewindsnews.com/tankers/336314/uacc-details-misc-deal United Arab Chemical Carriers (UACC) has confirmed the acquisition of four modern chemical tankers from MISC. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/tankers/336314/uacc-details-misc-deal Mon, 21 Apr 2014 02:09:45 +0000 tankers MOL VLOC arrested http://www.tradewindsnews.com/drycargo/336307/mol-vloc-arrested Chinese authorities have arrested a Mitsui OSK Line (MOL) VLOC in Shanghai in a dispute over wartime reparations. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/drycargo/336307/mol-vloc-arrested Mon, 21 Apr 2014 01:22:44 +0000 drycargo Dorian's private option http://www.tradewindsnews.com/finance/336305/dorians-private-option Dorian LPG has once again downsized its offering of public shares in New York while plotting a private $25m stock sale to an unidentified "strategic investor." aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/finance/336305/dorians-private-option Fri, 18 Apr 2014 20:56:08 +0000 finance Sewol master faces arrest http://www.tradewindsnews.com/casualties/336303/sewol-master-faces-arrest The master of the South Korean ferry Sewol and other crew members are facing arrest as investigations into the tragedy continue. jim.mulrenan@tradewindsnews.com (Jim Mulrenan) http://www.tradewindsnews.com/casualties/336303/sewol-master-faces-arrest Fri, 18 Apr 2014 14:56:14 +0000 casualties Pirate faces 12 years in jail http://www.tradewindsnews.com/piracy/336300/pirate-faces-12-years-in-jail A German court has sentenced one of the gang of pirates who hijacked the 13,300-dwt chemical carrier Marida Marguerite (built 2008) to 12 years in jail. jim.mulrenan@tradewindsnews.com (Jim Mulrenan) http://www.tradewindsnews.com/piracy/336300/pirate-faces-12-years-in-jail Fri, 18 Apr 2014 11:08:57 +0000 piracy Former STX chief detained http://www.tradewindsnews.com/finance/336299/former-stx-chief-detained The founder and former head of the STX shipping and shipbuilding group has been arrested in South Korea accused of embezzlement and business malpractice. jim.mulrenan@tradewindsnews.com (Jim Mulrenan) http://www.tradewindsnews.com/finance/336299/former-stx-chief-detained Fri, 18 Apr 2014 10:24:25 +0000 finance Shipyards join Sewol rescue http://www.tradewindsnews.com/casualties/336295/shipyards-join-sewol-rescue The resources of South Korea’s big shipbuilding industry have been enlisted to assist the capsized ferry, Sewol. jim.mulrenan@tradewindsnews.com (Jim Mulrenan) http://www.tradewindsnews.com/casualties/336295/shipyards-join-sewol-rescue Fri, 18 Apr 2014 09:14:30 +0000 casualties More bean trouble http://www.tradewindsnews.com/drycargo/336293/more-bean-trouble Chinese soybean importers are reportedly cancelling shipments, failing fixtures on subjects and turning away cargoes already at sea. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/drycargo/336293/more-bean-trouble Fri, 18 Apr 2014 06:07:46 +0000 drycargo SIPG books feederships http://www.tradewindsnews.com/shipsales/336292/sipg-books-feederships Shanghai International Port Group (SIPG) has ordered four 1,020-teu feeder containerships from Japan’s Tsuneishi Group. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/shipsales/336292/sipg-books-feederships Fri, 18 Apr 2014 05:19:30 +0000 shipsales Bunkers cheat faces jail http://www.tradewindsnews.com/tankers/336286/bunkers-cheat-faces-jail A chief engineer is set for a stint in Singapore’s Changi Prison after being found guilty of trying to defraud Navig8 in a bunker scam. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/tankers/336286/bunkers-cheat-faces-jail Fri, 18 Apr 2014 01:58:31 +0000 tankers Amend and extend http://www.tradewindsnews.com/tankers/336281/amend-and-extend Greek operator Dynagas LNG Partners has lined up a new long-term fixture for an ice-class LNG carrier tied a charter that isn’t due to expire until 2016. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/tankers/336281/amend-and-extend Thu, 17 Apr 2014 22:36:07 +0000 tankers Boxships top demo list http://www.tradewindsnews.com/shipsales/336279/boxships-top-demo-list Containerships are dominating the demolition market for the first time in nearly ten years, according to Lion Shipbrokers. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/shipsales/336279/boxships-top-demo-list Thu, 17 Apr 2014 20:19:20 +0000 shipsales IPO on the ropes? http://www.tradewindsnews.com/finance/336277/ipo-on-the-ropes Wall Street was reeling Thursday amid speculation that Quintana Shipping may delay the pursuit of an initial public offering (IPO) in New York. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/finance/336277/ipo-on-the-ropes Thu, 17 Apr 2014 19:42:13 +0000 finance TOPS triggers share plan http://www.tradewindsnews.com/finance/336268/tops-triggers-share-plan Nasdaq-listed Top Ships has pulled the trigger on a plan to revive its flagging share price through a reverse stock split. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/finance/336268/tops-triggers-share-plan Thu, 17 Apr 2014 14:43:02 +0000 finance Moody’s unmoved by merger http://www.tradewindsnews.com/finance/336265/moodys-unmoved-by-merger The union of Hapag-Lloyd and Chile’s CSAV to form the world’s fourth largest containerline has not convinced Moody’s to change its negative credit ratings on the German company. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/finance/336265/moodys-unmoved-by-merger Thu, 17 Apr 2014 13:43:38 +0000 finance CSDC scraps three http://www.tradewindsnews.com/shipsales/336263/csdc-scraps-three China Shipping Development Co (CSDC) has binned three more bulkers as part of its ongoing scrapping drive. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/shipsales/336263/csdc-scraps-three Thu, 17 Apr 2014 10:31:05 +0000 shipsales Sewol cover limited to $300m http://www.tradewindsnews.com/casualties/336260/sewol-cover-limited-to-300m Compensation for victims of the South Korean ferry disaster may be constrained as the vessel has relatively modest protection and indemnity cover from a domestic shipping association run insurance scheme. jim.mulrenan@tradewindsnews.com (Jim Mulrenan) http://www.tradewindsnews.com/casualties/336260/sewol-cover-limited-to-300m Thu, 17 Apr 2014 10:00:28 +0000 casualties