www.tradewindsnews.com http://www.tradewindsnews.com/ www.tradewindsnews.com Venezuelan exports fall http://www.tradewindsnews.com/tankers/357018/venezuelan-exports-fall Venezuela has cut its subsidised crude exports to Cuba and the Caribbean by half since 2012. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/357018/venezuelan-exports-fall Fri, 27 Mar 2015 15:21:41 +0000 tankers Carnival starts strong http://www.tradewindsnews.com/liner/357015/carnival-starts-strong Carnival Corp has followed up a nine ship newbuilding order with a return to profit in the first quarter. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/liner/357015/carnival-starts-strong Fri, 27 Mar 2015 14:30:34 +0000 liner TTA to rebound http://www.tradewindsnews.com/drycargo/357013/tta-to-rebound Earnings for Thoresen Thai Agencies (TTA) should recover from a first quarter blip in the second three months, according to Bualuang Securities. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/357013/tta-to-rebound Fri, 27 Mar 2015 14:21:23 +0000 drycargo NAO nets more cash http://www.tradewindsnews.com/offshore/357014/nao-nets-more-cash Herbjorn Hansson’s Nordic American Offshore has added $90m to a credit facility with DNB Bank and Skandinaviska Enskilda Banken (SEB). andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/offshore/357014/nao-nets-more-cash Fri, 27 Mar 2015 14:09:24 +0000 offshore A $60m special http://www.tradewindsnews.com/drycargo/356997/a-usd-60m-special John Fredriksen’s Frontline 2012 has today dividend out almost $60m worth of shares in VLGC owner Avance Gas. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/drycargo/356997/a-usd-60m-special Fri, 27 Mar 2015 13:38:04 +0000 drycargo DFDS sheds freight ferry http://www.tradewindsnews.com/shipsales/357016/dfds-sheds-freight-ferry Denmark's DFDS has agreed to sell a 2000-built freight ro-ro after rejigging its North Sea network. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/357016/dfds-sheds-freight-ferry Fri, 27 Mar 2015 13:30:38 +0000 shipsales Opening for owners http://www.tradewindsnews.com/liner/357009/opening-for-owners The Philippines is preparing to ease cabotage restrictions preventing foreign vessels from operating in domestic trades. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/357009/opening-for-owners Fri, 27 Mar 2015 12:09:49 +0000 liner New boxship S&P record set http://www.tradewindsnews.com/tankers/357006/new-boxship-sandp-record-set Clarksons says tide of German disposals and hike in panamax deals leads to new benchmark. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/tankers/357006/new-boxship-sandp-record-set Fri, 27 Mar 2015 11:55:21 +0000 tankers Hapag posts big loss http://www.tradewindsnews.com/liner/357003/hapag-posts-big-loss Germany’s Hapag-Lloyd has sunk to a deficit of EUR 604m ($655.3m) in 2014, a year during which it became the fourth largest liner company in the world. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/liner/357003/hapag-posts-big-loss Fri, 27 Mar 2015 11:48:26 +0000 liner Gotland sells trio http://www.tradewindsnews.com/shipsales/356992/gotland-sells-trio Sweden's Rederi AB Gotland has sold shares in three MR tankers to its domestic partner Laurin Maritime after buying into three newer tankers. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/356992/gotland-sells-trio Fri, 27 Mar 2015 11:37:00 +0000 shipsales Ferry takes hit http://www.tradewindsnews.com/casualties/357004/ferry-takes-hit A Danish ferry needed a tow back to port after hitting an underwater obstruction. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/357004/ferry-takes-hit Fri, 27 Mar 2015 11:12:32 +0000 casualties Vinalines mulls stake sale http://www.tradewindsnews.com/finance/357002/vinalines-mulls-stake-sale Vietnam’s Vinalines is planning to sell more than half its shares during an initial public offering (IPO) promised by the end of the first quarter. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/finance/357002/vinalines-mulls-stake-sale Fri, 27 Mar 2015 10:52:42 +0000 finance Hugo on 20 years as boss http://www.tradewindsnews.com/finance/357000/hugo-on-20-years-as-boss Mogens Hugo says he is sad to leave the chairmanship of Norden at a difficult time but content with the way the company has handled market fluctuations. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/357000/hugo-on-20-years-as-boss Fri, 27 Mar 2015 10:44:58 +0000 finance Shikoku adds two http://www.tradewindsnews.com/drycargo/357001/shikoku-adds-two Japan's Shikoku Dockyard has clinched a new order for its biggest bulkers yet. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/357001/shikoku-adds-two Fri, 27 Mar 2015 10:07:20 +0000 drycargo Moller sets special dividend http://www.tradewindsnews.com/finance/356996/moller-sets-special-dividend AP Moller-Maersk investors are set for a DKK 1,671 ($242.104) per share special dividend after the shipowner completed its offer of Danske Bank stock. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/356996/moller-sets-special-dividend Fri, 27 Mar 2015 10:02:47 +0000 finance Mipo wins car carriers http://www.tradewindsnews.com/shipsales/356998/mipo-wins-car-carriers Korea's Hyundai Mipo has won its first car carrier order for a year. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/356998/mipo-wins-car-carriers Fri, 27 Mar 2015 09:19:36 +0000 shipsales Everybody out! http://www.tradewindsnews.com/andalso/356955/everybody-out We take a look at what was said in the market over the past week. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/andalso/356955/everybody-out Fri, 27 Mar 2015 09:05:11 +0000 andalso Solstad CSV retained http://www.tradewindsnews.com/offshore/356991/solstad-csv-retained Italy's Saipem has declared its final optional year for a chartered Solstad ship. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/offshore/356991/solstad-csv-retained Fri, 27 Mar 2015 08:24:30 +0000 offshore Duo died in ferry leap http://www.tradewindsnews.com/casualties/356989/duo-died-in-ferry-leap Two deportees were killed after jumping from a Stena ferry in the North Sea last year, a UK inquest heard. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/356989/duo-died-in-ferry-leap Fri, 27 Mar 2015 08:10:28 +0000 casualties Nine crew feared dead http://www.tradewindsnews.com/casualties/356986/nine-crew-feared-dead Nine seafarers are feared dead after their general cargoship sank off Indonesia. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/356986/nine-crew-feared-dead Fri, 27 Mar 2015 07:38:13 +0000 casualties Epic Gas offloads duo http://www.tradewindsnews.com/gas/356984/epic-gas-offloads-duo Epic Gas has sold two of its oldest and smallest LPG carriers as it looks to modernize its expanding fleet. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/gas/356984/epic-gas-offloads-duo Fri, 27 Mar 2015 05:59:55 +0000 gas SapKen downgraded http://www.tradewindsnews.com/offshore/356981/sapken-downgraded SapuraKencana Petroleum (SapKen) has been downgraded by UOB Kay Hian following a disappointing fourth quarter. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/356981/sapken-downgraded Fri, 27 Mar 2015 03:54:14 +0000 offshore Third K Line man jailed http://www.tradewindsnews.com/liner/356979/third-k-line-man-jailed A third K Line executive faces jail time in the US for his part in a long running ro-ro cargo price fixing scandal. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/liner/356979/third-k-line-man-jailed Fri, 27 Mar 2015 03:12:07 +0000 liner Disposals boost CSCL http://www.tradewindsnews.com/liner/356974/disposals-boost-cscl China Shipping Container Lines (CSCL) has returned to profit in 2014 thanks to a combination of factors. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/liner/356974/disposals-boost-cscl Fri, 27 Mar 2015 01:30:53 +0000 liner GSI cools merger talk http://www.tradewindsnews.com/gas/356943/gsi-cools-merger-talk Rumours of a potential merger between two major Chinese shipbuilders have been dismissed by one of the parties involved. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/gas/356943/gsi-cools-merger-talk Fri, 27 Mar 2015 00:16:20 +0000 gas Carnival readies spending spree http://www.tradewindsnews.com/shipsales/356970/carnival-readies-spending-spree Carnival Corp made waves today after unveiling a multibillion-dollar newbuilding campaign that will involve the construction of at least nine cruiseships over the next four years. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/shipsales/356970/carnival-readies-spending-spree Thu, 26 Mar 2015 22:58:20 +0000 shipsales GasLog to extend options http://www.tradewindsnews.com/gas/356969/gaslog-to-extend-options GasLog aims to extend options for six LNG carrier newbuildings at Samsung Heavy Industries. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/gas/356969/gaslog-to-extend-options Thu, 26 Mar 2015 20:40:07 +0000 gas These boots are made for walking out http://www.tradewindsnews.com/andalso/356964/these-boots-are-made-for-walking-out Workers at Italian shipyard group Fincantieri have gone on strike over the vexed question of microchips in their workbooots. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/andalso/356964/these-boots-are-made-for-walking-out Thu, 26 Mar 2015 15:12:31 +0000 andalso Bulker behemoth takes shape http://www.tradewindsnews.com/drycargo/356962/bulker-behemoth-takes-shape John Fredriksen’s coronation as the capesize king of Wall Street was all but completed today with the approval of a merger between Golden Ocean and Knightsbridge Shipping. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/drycargo/356962/bulker-behemoth-takes-shape Thu, 26 Mar 2015 14:42:19 +0000 drycargo Hapag-Lloyd CFO quits http://www.tradewindsnews.com/liner/356957/hapag-lloyd-cfo-quits Hapag-Lloyd is replacing CFO Peter Ganz with his opposite number at CSAV as the two container lines merge. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/356957/hapag-lloyd-cfo-quits Thu, 26 Mar 2015 13:25:05 +0000 liner Torm explains final steps http://www.tradewindsnews.com/liner/356958/torm-explains-final-steps Torm is expecting to secure agreement by St George’s Day on a restructuring deal that will see Oaktree Capital take control of the company by St George’s Day. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/liner/356958/torm-explains-final-steps Thu, 26 Mar 2015 13:11:38 +0000 liner Maersk orders seven http://www.tradewindsnews.com/liner/356951/maersk-orders-seven Maersk Line has officially launched its five-year $15bn fleet renewal plan with an order for seven ice-class containerships. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/liner/356951/maersk-orders-seven Thu, 26 Mar 2015 12:18:15 +0000 liner Wightlink sells St Helen http://www.tradewindsnews.com/shipsales/356947/wightlink-sells-st-helen UK owner Wightlink has sold a veteran ro-pax into Italy less than a year after it suffered a deck collapse. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/356947/wightlink-sells-st-helen Thu, 26 Mar 2015 11:27:13 +0000 shipsales Rumours swirl around NOL http://www.tradewindsnews.com/liner/356944/rumours-swirl-around-nol Neptune Orient Lines is once again the subject of takeover rumours with Asian rival OOIL the favourite name in the frame. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/liner/356944/rumours-swirl-around-nol Thu, 26 Mar 2015 11:10:27 +0000 liner Ferry stuck in Greece http://www.tradewindsnews.com/casualties/356939/ferry-stuck-in-greece A passengership that grounded on Wednesday night at a Greek port is still stuck with 227 people on board. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/casualties/356939/ferry-stuck-in-greece Thu, 26 Mar 2015 10:45:18 +0000 casualties Torm in final furlong http://www.tradewindsnews.com/finance/356940/torm-in-final-furlong Torm has won a short-term waiver from lenders as it reaches for the finishing line in a restructuring deal with Oaktree. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/356940/torm-in-final-furlong Thu, 26 Mar 2015 10:18:33 +0000 finance Scan Master refloated http://www.tradewindsnews.com/casualties/356938/scan-master-refloated Three tugs have successfully pulled a tanker from a rocky Norwegian beach. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/356938/scan-master-refloated Thu, 26 Mar 2015 10:09:36 +0000 casualties Franbo fixes finance http://www.tradewindsnews.com/finance/356933/franbo-fixes-finance Newly listed Taiwanese owner Franbo Lines has secured $32m of funds towards its bulker newbuildings. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/356933/franbo-fixes-finance Thu, 26 Mar 2015 08:22:56 +0000 finance Stolt smashes target http://www.tradewindsnews.com/finance/356934/stolt-smashes-target Oslo-listed Stolt-Nielsen has surpassed its fundraising target by selling bonds worth NOK 1.1bn ($141m). gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/356934/stolt-smashes-target Thu, 26 Mar 2015 07:35:06 +0000 finance Bibby to Burma http://www.tradewindsnews.com/offshore/356932/bibby-to-burma Bibby Offshore has won a subsea contract for a support vessel in Myanmar. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/offshore/356932/bibby-to-burma Thu, 26 Mar 2015 07:21:27 +0000 offshore MPPs feel crude pressure http://www.tradewindsnews.com/liner/356926/mpps-feel-crude-pressure Lower oil prices are proving a double-edged sword for some shipping sectors, with multipurpose vessels being one of them. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/liner/356926/mpps-feel-crude-pressure Thu, 26 Mar 2015 03:21:06 +0000 liner Commodore Jr http://www.tradewindsnews.com/andalso/356924/commodore-jr Captain Panagiotis Tsakos has worn the Connecticut Maritime Association (CMA)’s commodore hat. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/andalso/356924/commodore-jr Thu, 26 Mar 2015 02:14:46 +0000 andalso All in the family http://www.tradewindsnews.com/andalso/356919/all-in-the-family The sons and daughters of several prominent owners stole the spotlight at a conference in Stamford Wednesday during a session that offered a rare glimpse at the inner workings of family-controlled shipping companies. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/andalso/356919/all-in-the-family Thu, 26 Mar 2015 01:57:29 +0000 andalso RCL adds ship in China http://www.tradewindsnews.com/liner/356917/rcl-adds-ship-in-china Royal Caribbean Cruises is to base another of its Quantum-class ships in China, the company has confirmed. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/liner/356917/rcl-adds-ship-in-china Thu, 26 Mar 2015 01:39:52 +0000 liner Indian double for Swiber http://www.tradewindsnews.com/offshore/356915/indian-double-for-swiber Swiber has won a second major engineering, procurement, construction, installation and commissioning (EPCIC) contract in India. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/356915/indian-double-for-swiber Thu, 26 Mar 2015 00:36:00 +0000 offshore DLPG activates VLGC pool http://www.tradewindsnews.com/gas/356914/dlpg-activates-vlgc-pool Dorian LPG is on the fringe of launching of a pool dedicated to the very large gas carrier (VLGC) segment, a milestone that follows the formation of an alliance with Japanese conglomerate Mitsui OSK Lines (MOL). aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/gas/356914/dlpg-activates-vlgc-pool Wed, 25 Mar 2015 22:54:46 +0000 gas National strategy coming http://www.tradewindsnews.com/liner/356913/national-strategy-coming The United States’ top official for domestic shipping says a planned national maritime strategy could be released in draft form within the next few months. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/liner/356913/national-strategy-coming Wed, 25 Mar 2015 21:43:24 +0000 liner Pangaea to buy for COA http://www.tradewindsnews.com/drycargo/356774/pangaea-to-buy-for-coa Pangaea Logistics Solutions plans to buy a bulker to fulfill a recently-inked contract of affreightment (COA), chief executive Ed Coll said today. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/drycargo/356774/pangaea-to-buy-for-coa Wed, 25 Mar 2015 18:28:29 +0000 drycargo Owner seeks answers http://www.tradewindsnews.com/shipsales/356770/owner-seeks-answers It appears that operators are keeping an increasingly close eye on newbuilding activity and the orderbooks of Asian shipyards. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/shipsales/356770/owner-seeks-answers Wed, 25 Mar 2015 17:51:35 +0000 shipsales Big John’s book club http://www.tradewindsnews.com/tankers/356764/big-johns-book-club John Fredriksen is said to be an avid reader but there’s one tome that the shipping magnate never leaves home without, according to the chief executive of Ship Finance International. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/tankers/356764/big-johns-book-club Wed, 25 Mar 2015 17:39:12 +0000 tankers Rosneft's $41bn book http://www.tradewindsnews.com/shipsales/356762/rosnefts-usd-41bn-book Russian state oil company Rosneft has lined up vessel and platform contracts worth $40.8bn at the country’s new Far East shipyard. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/356762/rosnefts-usd-41bn-book Wed, 25 Mar 2015 15:40:46 +0000 shipsales AKPS makes less http://www.tradewindsnews.com/finance/356738/akps-makes-less Aker Philadelphia Shipyard (AKPS) has made $2m less in 2014 as revenue declined but all projects are on track, the company said. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/finance/356738/akps-makes-less Wed, 25 Mar 2015 15:02:37 +0000 finance SCF turns it round http://www.tradewindsnews.com/tankers/356763/scf-turns-it-round Russian state shipowner Sovcomflot (SCF) has returned to profit for 2014 as its tankers benefited from a market recovery. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/356763/scf-turns-it-round Wed, 25 Mar 2015 14:41:30 +0000 tankers Ocean Wilsons weaker http://www.tradewindsnews.com/offshore/356737/ocean-wilsons-weaker A slowdown in Brazilian trade over the last months of 2014 has squeezed Ocean Wilsons Holdings' annual profit. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/356737/ocean-wilsons-weaker Wed, 25 Mar 2015 13:56:20 +0000 offshore Dredger crew arrested http://www.tradewindsnews.com/offshore/356759/dredger-crew-arrested Philippines police have arrested six seafarers after raiding a Chinese dredger alleged to have been illegally mining sand. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/offshore/356759/dredger-crew-arrested Wed, 25 Mar 2015 13:50:33 +0000 offshore Fire won’t burn Teekay http://www.tradewindsnews.com/finance/356754/fire-wont-burn-teekay A fire on a Teekay FPSO has raised questions about the drop-down of the company’s largest asset to Teekay Offshore Partners. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/356754/fire-wont-burn-teekay Wed, 25 Mar 2015 13:17:47 +0000 finance Dof AHTS off to Oz http://www.tradewindsnews.com/offshore/356751/dof-ahts-off-to-oz Dof has secured a contract with Chevron for one of its anchor handlers. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/offshore/356751/dof-ahts-off-to-oz Wed, 25 Mar 2015 11:50:42 +0000 offshore Sino-Global closes in http://www.tradewindsnews.com/tankers/356749/sino-global-closes-in Nasdaq-listed Sino-Global Shipping America has agreed a shares and cash deal to acquire a modern tanker. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/356749/sino-global-closes-in Wed, 25 Mar 2015 11:47:36 +0000 tankers Gotland stronger http://www.tradewindsnews.com/tankers/356744/gotland-stronger Swedish tanker and ferry owner Rederi AB Gotland has logged higher earnings as revenue rose in 2014. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/356744/gotland-stronger Wed, 25 Mar 2015 11:26:47 +0000 tankers PIL adds niche player http://www.tradewindsnews.com/liner/356746/pil-adds-niche-player Pacific International Lines (PIL) has added niche compatriot competitor Mariana Express Lines to its group. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/liner/356746/pil-adds-niche-player Wed, 25 Mar 2015 11:25:26 +0000 liner Stolt sights bond purse http://www.tradewindsnews.com/finance/356748/stolt-sights-bond-purse Stolt-Nielsen is plotting a $90m issue in its first visit this year to the Norwegian bond market. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/356748/stolt-sights-bond-purse Wed, 25 Mar 2015 11:23:54 +0000 finance Pan Ocean books profit http://www.tradewindsnews.com/drycargo/356739/pan-ocean-books-profit Takeover target Pan Ocean has turned its red ink to black for 2014 despite lower revenue. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/drycargo/356739/pan-ocean-books-profit Wed, 25 Mar 2015 10:54:16 +0000 drycargo Hoegh loss higher http://www.tradewindsnews.com/gas/356740/hoegh-loss-higher Norway’s Hoegh LNG has booked a bigger loss in its final 2014 report due to a delayed FSRU project. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/gas/356740/hoegh-loss-higher Wed, 25 Mar 2015 10:49:48 +0000 gas Bonds for Beng Kuang http://www.tradewindsnews.com/finance/356743/bonds-for-beng-kuang Singapore’s Beng Kuang Marine is raising SGD 5m ($3.65m) through a convertible bond issue. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/356743/bonds-for-beng-kuang Wed, 25 Mar 2015 10:30:33 +0000 finance Tanker on fire http://www.tradewindsnews.com/casualties/356741/tanker-on-fire A Cyprus-flagged tanker has caught fire while docked near the Mersey river off Liverpool earlier this morning. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/casualties/356741/tanker-on-fire Wed, 25 Mar 2015 10:17:48 +0000 casualties Polarcus lays up Nadia http://www.tradewindsnews.com/offshore/356736/polarcus-lays-up-nadia Dubai-based Polarcus is laying up a seismic survey ship in “challenging” market conditions. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/offshore/356736/polarcus-lays-up-nadia Wed, 25 Mar 2015 09:51:23 +0000 offshore Polarcus frees cash http://www.tradewindsnews.com/finance/356734/polarcus-frees-cash Oslo-listed offshore owner Polarcus has refinanced debt and taken a new short-term loan as weak markets hit earnings. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/356734/polarcus-frees-cash Wed, 25 Mar 2015 08:12:38 +0000 finance Trio team for new run http://www.tradewindsnews.com/liner/356733/trio-team-for-new-run Three Asian owners are launching a new service from Asia to the west coast of Central and South America. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/356733/trio-team-for-new-run Wed, 25 Mar 2015 07:40:03 +0000 liner Deutschland sold http://www.tradewindsnews.com/shipsales/356732/deutschland-sold An unnamed US owner has bought the Deutschland cruiseship from bankrupt Peter Deilmann Reederei of Germany. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/356732/deutschland-sold Wed, 25 Mar 2015 07:24:56 +0000 shipsales SapKen suffers in Q4 http://www.tradewindsnews.com/offshore/356731/sapken-suffers-in-q4 SapuraKencana Petroleum (SapKen) has seen its fourth quarter net profit drop by over 60% to MYR 129.1m ($35m). dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/356731/sapken-suffers-in-q4 Wed, 25 Mar 2015 06:53:45 +0000 offshore CMES back in the black http://www.tradewindsnews.com/tankers/356724/cmes-back-in-the-black China Merchants Energy Shipping (CMES) has returned to profit in 2014 posting net income of CNY 200m ($32.3m). dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/tankers/356724/cmes-back-in-the-black Wed, 25 Mar 2015 03:30:02 +0000 tankers Star Bulk ratings mixed http://www.tradewindsnews.com/drycargo/356721/star-bulk-ratings-mixed ABN Amro has slapped a ‘sell’ recommendation on Star Bulk Carriers in a research note issued to investors on Tuesday. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/drycargo/356721/star-bulk-ratings-mixed Wed, 25 Mar 2015 00:11:45 +0000 drycargo Ruling roils Restis http://www.tradewindsnews.com/drycargo/356720/ruling-roils-restis Legal eagles on both sides of the Atlantic were reeling today after learning that a US court had dismissed a Greek shipping magnate’s defamation suit against United Against a Nuclear Iran (UANI). aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/drycargo/356720/ruling-roils-restis Wed, 25 Mar 2015 00:09:48 +0000 drycargo Crude awakening http://www.tradewindsnews.com/tankers/356718/crude-awakening The rebound that has lent support to rates for tankers that trade in the spot market will likely continue in the foreseeable future, a researcher at True North Chartering told TradeWinds today. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/tankers/356718/crude-awakening Tue, 24 Mar 2015 22:57:48 +0000 tankers Sobelmar ‘safe’ http://www.tradewindsnews.com/drycargo/356717/sobelmar-safe A bankrupt Belgian bulker operator has emerged victorious in the first phase of a race to protect its assets from creditors while pursuing a financial overhaul in the US. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/drycargo/356717/sobelmar-safe Tue, 24 Mar 2015 22:25:57 +0000 drycargo Blackouts continue in ECAs http://www.tradewindsnews.com/casualties/356716/blackouts-continue-in-ecas Port authorities are raising concerns about incidents of vessel blackouts following fuel switching in emissions control areas (ECAs), says a top Lloyd’s Register (LR) official. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/casualties/356716/blackouts-continue-in-ecas Tue, 24 Mar 2015 21:39:38 +0000 casualties Perri abandons Paragon http://www.tradewindsnews.com/drycargo/356711/perri-abandons-paragon Robert Perri made waves on Wall Street today after announcing plans to part ways with Greek bulker operator Paragon Shipping. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/drycargo/356711/perri-abandons-paragon Tue, 24 Mar 2015 21:02:31 +0000 drycargo Canaccord retreats http://www.tradewindsnews.com/finance/356710/canaccord-retreats It appears that Canaccord Genuity, a diversified North American investment bank, has abandoned an initiative aimed at breaking into the shipping industry. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/finance/356710/canaccord-retreats Tue, 24 Mar 2015 19:44:15 +0000 finance Proceed with caution http://www.tradewindsnews.com/andalso/356709/proceed-with-caution It appears that shipowners are growing increasingly concerned about how much it will cost to maintain compliance with new regulatory requirements. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/andalso/356709/proceed-with-caution Tue, 24 Mar 2015 19:06:53 +0000 andalso Coffee, tea or LNG? http://www.tradewindsnews.com/gas/356707/coffee-tea-or-lng LNG power has become an increasingly popular topic at trade shows in recent years but few operators have actually taken the plunge. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/gas/356707/coffee-tea-or-lng Tue, 24 Mar 2015 17:26:50 +0000 gas