http://www.tradewindsnews.com/ www.tradewindsnews.com http://www.tradewindsnews.com/piracy/317747/gunmen-free-foursome Four seafarers who taken hostage during an attack on a German containership off Nigeria a month ago have been released unharmed. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/piracy/317747/gunmen-free-foursome Fri, 24 May 2013 23:10:06 +0000 piracy http://www.tradewindsnews.com/finance/317746/mr-restis-goes-to-washington A legal battle between Victor Restis and an advocacy group that accused the Greek mogul of illicit dealings with Iran is brewing in the US. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/finance/317746/mr-restis-goes-to-washington Fri, 24 May 2013 19:11:11 +0000 finance http://www.tradewindsnews.com/finance/317743/transeuropa-owes-33m Belgian ferry operator TransEuropa owes £3.3m ($4.99m) to the UK council that was helping prop it up before it went into administration. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/317743/transeuropa-owes-33m Fri, 24 May 2013 15:09:58 +0000 finance http://www.tradewindsnews.com/shipsales/317744/diana-does-it-again Tonnage hungry Diana Shipping is tipped to have added a second-hand panamax to close a busy week for the company. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/shipsales/317744/diana-does-it-again Fri, 24 May 2013 14:47:53 +0000 shipsales http://www.tradewindsnews.com/finance/317736/sinotrans-raises-alarm Sinotrans could slip into the red in the first half of 2013 due to the terrible dry-cargo market. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/317736/sinotrans-raises-alarm Fri, 24 May 2013 14:05:58 +0000 finance http://www.tradewindsnews.com/andalso/317741/tw-man-in-air-drama Nervous flyers dosing up ahead of their flights to Nor-Shipping may want to look away now.   andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/andalso/317741/tw-man-in-air-drama Fri, 24 May 2013 13:31:09 +0000 andalso http://www.tradewindsnews.com/tankers/317738/ten-turns-the-corner Greek tanker owner Tsakos Energy Navigation (TEN) has made it back into profit as products tanker rates improved in the first quarter. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/317738/ten-turns-the-corner Fri, 24 May 2013 13:20:49 +0000 tankers http://www.tradewindsnews.com/shipsales/317737/greek-takes-panamax Pacific Carriers of Singapore has reportedly sold one of its panamax bulkers. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/shipsales/317737/greek-takes-panamax Fri, 24 May 2013 12:52:00 +0000 shipsales http://www.tradewindsnews.com/finance/317732/ship-seizures-ordered A Chinese court has ordered 23 of struggling Chinese owner CSC Phoenix's ships to be seized over an unpaid loan. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/317732/ship-seizures-ordered Fri, 24 May 2013 12:47:48 +0000 finance http://www.tradewindsnews.com/shipsales/317733/sfi-confirms-box-splash John Fredriksen’s Ship Finance International has penned a quartet of boxships at a Korean yard, confirming a story broken in this week’s edition of TradeWinds newspaper. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/shipsales/317733/sfi-confirms-box-splash Fri, 24 May 2013 12:01:59 +0000 shipsales http://www.tradewindsnews.com/finance/317712/frnt-back-in-focus John Fredriksen’s Frontline 2012 has not lost its appetite for newbuildings despite dropping plans for six capes in China, Arctic Securities says. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/317712/frnt-back-in-focus Fri, 24 May 2013 11:35:45 +0000 finance http://www.tradewindsnews.com/drycargo/317729/jutha-loss-grows Thai multipurpose vessel owner Jutha Maritime has posted a bigger first quarter loss as rates fell. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/317729/jutha-loss-grows Fri, 24 May 2013 11:26:41 +0000 drycargo http://www.tradewindsnews.com/finance/317728/gaslog-seeks-500m GasLog is lining up a huge cash grab in a move that could precursor a fresh order for newbuildings. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/finance/317728/gaslog-seeks-500m Fri, 24 May 2013 11:09:38 +0000 finance http://www.tradewindsnews.com/andalso/317731/fredriksen-goes-french TradeWinds digests the digits making the headlines this week. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/andalso/317731/fredriksen-goes-french Fri, 24 May 2013 10:36:22 +0000 andalso http://www.tradewindsnews.com/drycargo/317727/kdm-grows-again The expanding fleet of Ukraine's KDM Shipping has propelled it to a better first quarter profit. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/317727/kdm-grows-again Fri, 24 May 2013 10:31:48 +0000 drycargo http://www.tradewindsnews.com/finance/317721/sietas-still-needs-orders Two German investors are read to buy the bankrupt German shipyard JJ Sietas. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/317721/sietas-still-needs-orders Fri, 24 May 2013 10:07:41 +0000 finance http://www.tradewindsnews.com/finance/317723/eimskip-profit-soars Icelandic boxship owner Eimskip has reported a huge rise in its bottom line thanks to Intra Asian growth in its reefer forwarding services. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/finance/317723/eimskip-profit-soars Fri, 24 May 2013 10:07:10 +0000 finance http://www.tradewindsnews.com/shipsales/317717/mipo-mops-up-more Hyundai Mipo has secured $300m worth of new orders from European and Asian clients. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/shipsales/317717/mipo-mops-up-more Fri, 24 May 2013 09:36:06 +0000 shipsales http://www.tradewindsnews.com/finance/317722/kdb-edges-up-stake Korea Development Bank (KDB), which has long been trying to sell off its stake in Daewoo Shipbuilding & Marine Engineering (DSME), has actually increased its holding. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/317722/kdb-edges-up-stake Fri, 24 May 2013 09:34:33 +0000 finance http://www.tradewindsnews.com/finance/317716/jason-walks-a-tightrope Jason Shipping is struggling under the weight of a $50m debt pile and faces an uncertain future beyond the end of the year. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/finance/317716/jason-walks-a-tightrope Fri, 24 May 2013 09:13:32 +0000 finance http://www.tradewindsnews.com/finance/317718/flex-safe-for-now Oslo-listed Flex LNG has enough cash to see it into 2014 as it chases down-payments from Samsung in Korea. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/317718/flex-safe-for-now Fri, 24 May 2013 09:01:03 +0000 finance http://www.tradewindsnews.com/shipsales/317719/daewoo-bags-box-quartet Korea's Daewoo Shipbuilding & Marine Engineering (DSME) has clinched a big new boxship order. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/317719/daewoo-bags-box-quartet Fri, 24 May 2013 08:42:02 +0000 shipsales http://www.tradewindsnews.com/liner/317715/dfds-upgrades Two DFDS ro-paxes are to undergo DKK 120m ($20.83m) of upgrade work for the Copenhagen to Oslo run. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/317715/dfds-upgrades Fri, 24 May 2013 08:11:18 +0000 liner http://www.tradewindsnews.com/finance/317713/hoegh-lng-on-script Hoegh LNG has seen its first quarter bottom line follow analysts’ scripts and fall further below zero. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/317713/hoegh-lng-on-script Fri, 24 May 2013 07:34:24 +0000 finance http://www.tradewindsnews.com/shipsales/317696/brighter-later 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/shipsales/317696/brighter-later Fri, 24 May 2013 07:25:15 +0000 shipsales http://www.tradewindsnews.com/drycargo/317691/stx-bulker-released An STX-controlled kamsarmax was released today after being arrested in Singapore over an uncontested charter balance. bob.rust@tradewinds.no (Bob Rust) http://www.tradewindsnews.com/drycargo/317691/stx-bulker-released Fri, 24 May 2013 07:08:05 +0000 drycargo http://www.tradewindsnews.com/drycargo/317711/excel-warned Bulker owner Excel Maritime Carriers has missed the deadline for its annual report due to ongoing restructuring talks. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/317711/excel-warned Fri, 24 May 2013 07:00:37 +0000 drycargo http://www.tradewindsnews.com/tankers/317705/eas-tanker-standoff-ends Brazil’s Transpetro has put an end to the year-long suspension of 12 newbuilding contracts at Estaleiro Atlantico Sul (EAS). eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/tankers/317705/eas-tanker-standoff-ends Thu, 23 May 2013 17:51:43 +0000 tankers http://www.tradewindsnews.com/liner/317704/crowley-closes-in Crowley Maritime Corp of the US hasn’t abandoned plans to build a series of lift-on, lift-off (lo-lo) containerships but the timing of the order remain unclear. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/liner/317704/crowley-closes-in Thu, 23 May 2013 17:39:04 +0000 liner http://www.tradewindsnews.com/drycargo/317702/more-sales-possible George Economou’s DryShips is considering further sales of newbuildings or of shares in drilling spin-off Ocean Rig after chopping its cash with the recently announced sale of a quartet of bulker contracts. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/drycargo/317702/more-sales-possible Thu, 23 May 2013 16:49:10 +0000 drycargo http://www.tradewindsnews.com/finance/317596/greek-stats-stir-debate A decline in the number of Greek ships on the water has stirred up political debate in Athens. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/317596/greek-stats-stir-debate Thu, 23 May 2013 15:25:15 +0000 finance http://www.tradewindsnews.com/finance/317692/tmt-settles-with-newlead Nobu Su’s Today Makes Tomorrow (TMT) and Greek shipowner NewLead Holdings have settled a long running legal dispute that resulted in the Taiwanese owner being slapped with an 18 month prison sentence. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/finance/317692/tmt-settles-with-newlead Thu, 23 May 2013 14:42:50 +0000 finance http://www.tradewindsnews.com/finance/317690/dryships-deal-in-focus DryShips' move to sell four unfunded newbuildings to help relieve its debt headache has been questioned by one of Wall Street’s leading analysts. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/317690/dryships-deal-in-focus Thu, 23 May 2013 14:29:52 +0000 finance http://www.tradewindsnews.com/finance/317595/backing-for-baltic-issue Baltic Trading’s $20m fundraiser has received a tentative round of applause from analysts. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/317595/backing-for-baltic-issue Thu, 23 May 2013 13:14:34 +0000 finance http://www.tradewindsnews.com/tankers/317687/stealthgas-dips Harry Vafias-led StealthGas has posted a lower net profit for the first quarter as costs rose. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/317687/stealthgas-dips Thu, 23 May 2013 13:14:27 +0000 tankers http://www.tradewindsnews.com/finance/317686/atlantic-profit-slips Norwegian offshore shipowner Atlantic Offshore slipped deeper into the red during the first quarter due to financing costs and currency effects. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/finance/317686/atlantic-profit-slips Thu, 23 May 2013 13:00:33 +0000 finance http://www.tradewindsnews.com/finance/317599/misc-turns-it-around Malaysian owner MISC has seen a turnaround in its financial fortunes after stripping out much of its loss making shipping operations. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/finance/317599/misc-turns-it-around Thu, 23 May 2013 11:41:15 +0000 finance http://www.tradewindsnews.com/casualties/317685/port-blasted-over-wreck The Australian port of Christmas Island had not prepared for an accident like the breaking up of the cargoship Tycoon, a report has found. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/317685/port-blasted-over-wreck Thu, 23 May 2013 11:13:46 +0000 casualties http://www.tradewindsnews.com/finance/317681/hsh-loan-losses-jump Germany’s HSH Nordbank does not expect a shipping recovery in 2013 as its first-quarter loan loss provisions increased again. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/317681/hsh-loan-losses-jump Thu, 23 May 2013 10:44:13 +0000 finance http://www.tradewindsnews.com/finance/317682/titan-handed-ultimatum The Hong Kong Stock Exchange (HKSE) has challenged embattled Titan Petrochemicals to demonstrate that it has a “business of substance” or risk being thrown off the stock market altogether. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/finance/317682/titan-handed-ultimatum Thu, 23 May 2013 10:42:13 +0000 finance http://www.tradewindsnews.com/shipsales/317684/greek-denies-exit Ocean Wave Maritime of Greece has shredded reports it is exiting the shipping business with the disposal of its final vessel. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/shipsales/317684/greek-denies-exit Thu, 23 May 2013 10:01:34 +0000 shipsales http://www.tradewindsnews.com/drycargo/317594/sincere-slides-again Falling revenues have hurt Sincere Navigation’s earnings in the first quarter. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/317594/sincere-slides-again Thu, 23 May 2013 09:48:46 +0000 drycargo http://www.tradewindsnews.com/finance/317602/newlead-given-deadline NewLead Holdings has been handed formal notification that the company has breached stock exchange rules by failing to submit its annual report on time. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/finance/317602/newlead-given-deadline Thu, 23 May 2013 09:29:45 +0000 finance http://www.tradewindsnews.com/liner/317600/big-10-for-jinhai Norway’s SinOceanic Shipping has ordered 10 8,800-teu containerships in China “on behalf of foreign interests.” gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/317600/big-10-for-jinhai Thu, 23 May 2013 09:04:08 +0000 liner http://www.tradewindsnews.com/finance/317601/diana-defends-loan Diana Shipping has defended its decision to turn banker by offering a $50m loan to spin-off Diana Containerships. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/317601/diana-defends-loan Thu, 23 May 2013 09:00:55 +0000 finance http://www.tradewindsnews.com/finance/317597/teekay-turns-on-the-tap Teekay LNG Partners has cleared the way to raise up to $100m from shareholders. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/317597/teekay-turns-on-the-tap Thu, 23 May 2013 07:58:37 +0000 finance http://www.tradewindsnews.com/shipsales/317591/cosl-orders-another China Oilfield Services Limited (COSL) has added to its orderbook with a domestic deal for an offshore support ship. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/317591/cosl-orders-another Thu, 23 May 2013 06:46:41 +0000 shipsales http://www.tradewindsnews.com/tankers/317592/great-eastern-adds-mr India's Great Eastern Shipping (GE) is boosting its increasingly profitable products tanker fleet with an MR buy. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/317592/great-eastern-adds-mr Thu, 23 May 2013 06:30:02 +0000 tankers http://www.tradewindsnews.com/shipsales/317590/six-for-sale Vietnam’s Vinalines is hoping to sell the last six ships owned by its Vinashinlines unit by 30 June. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/317590/six-for-sale Thu, 23 May 2013 06:10:46 +0000 shipsales http://www.tradewindsnews.com/shipsales/317589/bohai-to-order-double Chinese operator Bohai Ferry is planning to splash some of its IPO cash on two new ro-ro vessels. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/317589/bohai-to-order-double Thu, 23 May 2013 06:06:38 +0000 shipsales http://www.tradewindsnews.com/drycargo/317585/dryships-sells-newbuildings George Economou said DryShips is in talks with banks to cut debt payments after it sold off a quartet of newbuildings. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/drycargo/317585/dryships-sells-newbuildings Wed, 22 May 2013 21:13:36 +0000 drycargo http://www.tradewindsnews.com/casualties/317580/italy-looks-beyond-solas Italian maritime investigators have recommended a series of vessel upgrades for newbuilding and existing cruiseships in a long-awaited report on the Costa Concordia tragedy. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/casualties/317580/italy-looks-beyond-solas Wed, 22 May 2013 19:10:21 +0000 casualties http://www.tradewindsnews.com/finance/317579/diana-dividend-secured The threat of a dividend cut at Diana Containerships has been taken off the table for the near term after a pair of liquidity moves, an analyst said today. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/finance/317579/diana-dividend-secured Wed, 22 May 2013 16:43:30 +0000 finance http://www.tradewindsnews.com/casualties/317577/schettino-sent-for-trial Costa Concordia captain Francesco Schettino has been committed for trial on multiple manslaughter charges in Italy. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/317577/schettino-sent-for-trial Wed, 22 May 2013 15:00:15 +0000 casualties http://www.tradewindsnews.com/casualties/317573/reef-reroute Australia is asking ships to stay at least two miles from the edge of a protected stretch of coral. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/317573/reef-reroute Wed, 22 May 2013 14:51:45 +0000 casualties http://www.tradewindsnews.com/offshore/317571/teekay-signs-with-statoil Teekay Offshore Partners has agreed a three-year charter contract with Statoil for a floating storage and offloading unit (FSO). jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/offshore/317571/teekay-signs-with-statoil Wed, 22 May 2013 14:33:35 +0000 offshore http://www.tradewindsnews.com/drycargo/317570/baltic-aims-for-20m Peter Georgiopoulos-backed Baltic Trading is aiming to raise $20m through its share sale. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/317570/baltic-aims-for-20m Wed, 22 May 2013 13:19:47 +0000 drycargo http://www.tradewindsnews.com/finance/317567/private-equity-in-at-konig Two US private equity firms have come to the rescue of cash-strapped German KG house, Konig & Cie. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/finance/317567/private-equity-in-at-konig Wed, 22 May 2013 12:31:02 +0000 finance http://www.tradewindsnews.com/finance/317569/diana-falls-into-the-red Greek bulker owner Diana Shipping has fallen to a first-quarter loss as rates plunged. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/317569/diana-falls-into-the-red Wed, 22 May 2013 12:06:38 +0000 finance http://www.tradewindsnews.com/shipsales/317566/empress-revived A former Majestic America Line (MAL) cruise vessel is back in business after being bought by American Queen Steamboat Co. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/317566/empress-revived Wed, 22 May 2013 11:43:01 +0000 shipsales http://www.tradewindsnews.com/tankers/317561/judge-backs-berlian-laju Berlian Laju Tanker (BLT) has taken the next step on the road to Chapter 15 bankruptcy protection in the US. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/tankers/317561/judge-backs-berlian-laju Wed, 22 May 2013 11:13:56 +0000 tankers http://www.tradewindsnews.com/liner/317565/gl-bags-biggest-boxships Germanischer Lloyd (GL) has won the race to class the world’s biggest boxships at Hyundai Heavy Industries (HHI) in Korea. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/317565/gl-bags-biggest-boxships Wed, 22 May 2013 10:43:58 +0000 liner http://www.tradewindsnews.com/casualties/317563/weather-worry An investigation into a serious grounding off the UK has found that severe weather warnings are hard for overseas crews to understand. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/317563/weather-worry Wed, 22 May 2013 10:31:25 +0000 casualties http://www.tradewindsnews.com/finance/317554/better-start-for-bwo BW Offshore appears to have finally shrugged off the financial effects of a delayed floating production storage and offloading (FPSO) unit. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/finance/317554/better-start-for-bwo Wed, 22 May 2013 10:02:44 +0000 finance http://www.tradewindsnews.com/offshore/317560/pipavav-picks-up-duo India’s Pipavav Defence and Offshore Engineering has won a “significant” new offshore ship order from an unnamed European customer. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/offshore/317560/pipavav-picks-up-duo Wed, 22 May 2013 09:38:59 +0000 offshore http://www.tradewindsnews.com/liner/317558/slower-start-for-dfds Danish ro-ro group DFDS has posted a bigger first-quarter loss, but increased its annual forecast. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/317558/slower-start-for-dfds Wed, 22 May 2013 09:18:14 +0000 liner http://www.tradewindsnews.com/finance/317553/eitzen-chem-on-the-mend Eitzen Chemical looks to be on the way back to profit after reporting its highest freight rates since the shipping downturn struck. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/finance/317553/eitzen-chem-on-the-mend Wed, 22 May 2013 09:05:18 +0000 finance http://www.tradewindsnews.com/shipsales/317555/farstad-offloads-oldie Farstad Shipping has offloaded its oldest offshore support vessel. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/shipsales/317555/farstad-offloads-oldie Wed, 22 May 2013 08:18:12 +0000 shipsales http://www.tradewindsnews.com/liner/317551/viking-stuck-in-the-red Finnish ro-pax group Viking Line is optimistic of better results in 2013, but its first quarter loss was up slightly on last year. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/317551/viking-stuck-in-the-red Wed, 22 May 2013 07:24:44 +0000 liner http://www.tradewindsnews.com/finance/317549/koreas-cash-boost The Korean government is backing small and medium shipping companies with KRW 2trn ($1.8bn) of funding with help from banks. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/317549/koreas-cash-boost Wed, 22 May 2013 06:51:13 +0000 finance http://www.tradewindsnews.com/finance/317548/china-will-help-owners China is eyeing a new range of policies to help domestic owners “escape recession.” gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/317548/china-will-help-owners Wed, 22 May 2013 06:18:00 +0000 finance http://www.tradewindsnews.com/tankers/317547/thome-denmark-bound Thome Group, the Asia-based shipmanager, is set to open an office in Denmark in a move that may see it manage DIS-flag ships. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/tankers/317547/thome-denmark-bound Wed, 22 May 2013 05:57:05 +0000 tankers http://www.tradewindsnews.com/offshore/317545/sembcorp-grabs-arv3 SembCorp Marine has taken control of a converted offshore accommodation vessel over a dispute over payment for work. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/317545/sembcorp-grabs-arv3 Wed, 22 May 2013 05:17:38 +0000 offshore http://www.tradewindsnews.com/finance/317541/baltic-eyes-fund-raiser Peter Georgiopoulos-backed Baltic Trading has commenced a public offering of common stock, it confirmed Tuesday. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/finance/317541/baltic-eyes-fund-raiser Wed, 22 May 2013 02:04:07 +0000 finance http://www.tradewindsnews.com/drycargo/317539/nm-introduces-navios-asia All eyes were on Navios Maritime Holdings Tuesday after the Greek shipowner announced the formation of an acquisition vehicle that has its sights set on Japanese-built bulkers. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/drycargo/317539/nm-introduces-navios-asia Wed, 22 May 2013 00:09:10 +0000 drycargo http://www.tradewindsnews.com/finance/317535/carnival-pounded Shares in Carnival Corporation plunged today after the cruiseship owner downgraded its earnings expectations for the third time this year. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/finance/317535/carnival-pounded Tue, 21 May 2013 15:28:29 +0000 finance http://www.tradewindsnews.com/shipsales/317527/bug-tug-for-sale A tug which hit the headlines last year over its cockroach-infested condition has been put up for sale in Canada. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/317527/bug-tug-for-sale Tue, 21 May 2013 14:45:39 +0000 shipsales http://www.tradewindsnews.com/drycargo/317517/greek-takes-a-breather Silver Maritime of Greece is being tipped for a quick comeback after tossing its only vessel on the scrap heap. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/drycargo/317517/greek-takes-a-breather Tue, 21 May 2013 14:44:40 +0000 drycargo http://www.tradewindsnews.com/drycargo/317529/mission-accomplished Ever-expanding Diana Shipping has stepped into the capesize newbuilding market for the first time in three years. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/drycargo/317529/mission-accomplished Tue, 21 May 2013 13:44:55 +0000 drycargo http://www.tradewindsnews.com/finance/317528/tidewater-profit-swells US offshore giant Tidewater posted a jump in first quarter income as revenue rose on higher charter rates and utilisation. jason.oconnell@tradewinds.no (Jason O'Connell) http://www.tradewindsnews.com/finance/317528/tidewater-profit-swells Tue, 21 May 2013 13:23:25 +0000 finance http://www.tradewindsnews.com/drycargo/317534/greek-in-distressed-deal Eastern Mediterranean is being tipped as the potential buyer of a panamax bulker which has been auctioned following the bankruptcy of its German KG owner. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/drycargo/317534/greek-in-distressed-deal Tue, 21 May 2013 13:16:54 +0000 drycargo http://www.tradewindsnews.com/liner/317530/dcix-fills-war-chest Nasdaq-listed Diana Containerships (DCIX) is targeting ship acquisitions with a fund of up to $90m. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/317530/dcix-fills-war-chest Tue, 21 May 2013 13:04:33 +0000 liner