www.tradewindsnews.com http://www.tradewindsnews.com/ www.tradewindsnews.com Shin Yang makes less http://www.tradewindsnews.com/finance/343870/Shin-Yang-makes-less Malaysia’s Shin Yang Shipping has seen its profit for the fourth quarter of the year slip despite increased revenue. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/finance/343870/Shin-Yang-makes-less Mon, 01 Sep 2014 13:27:21 +0000 finance Rickmers scrapes into black http://www.tradewindsnews.com/liner/343865/Rickmers-scrapes-into-black Germany’s Rickmers Group has revealed a small profit for the first half of 2014 as revenue shrank. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/343865/Rickmers-scrapes-into-black Mon, 01 Sep 2014 13:15:14 +0000 liner NEL sees red again http://www.tradewindsnews.com/liner/343864/NEL-sees-red-again Greece’s Maritime Company of Lesvos (NEL Lines) has posted a wider loss and decreased revenue for the first half of 2014, while in the middle of debt restructuring. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/liner/343864/NEL-sees-red-again Mon, 01 Sep 2014 12:20:14 +0000 liner Premuda loss widens http://www.tradewindsnews.com/tankers/343861/Premuda-loss-widens Italian tanker and bulker group Premuda has posted a bigger loss in the first half as revenue declined. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/343861/Premuda-loss-widens Mon, 01 Sep 2014 11:21:38 +0000 tankers Small drop for Bumi http://www.tradewindsnews.com/offshore/343862/Small-drop-for-Bumi Increased revenue was not enough to prevent Bumi Armada’s profit from marginally falling in the second quarter of the year. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/343862/Small-drop-for-Bumi Mon, 01 Sep 2014 11:09:37 +0000 offshore Havyard profit slips http://www.tradewindsnews.com/offshore/343858/Havyard-profit-slips Increased operating expenses have resulted in smaller profit for Norway’s Havyard in the second quarter of 2014. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/343858/Havyard-profit-slips Mon, 01 Sep 2014 10:42:17 +0000 offshore NOCC offloads duo http://www.tradewindsnews.com/liner/343857/NOCC-offloads-duo Norwegian Car Carriers (NOCC) has revealed it has sold another two veteran vessels as it slid to a loss in the second quarter. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/343857/NOCC-offloads-duo Mon, 01 Sep 2014 10:39:47 +0000 liner GE plans to invest http://www.tradewindsnews.com/drycargo/343855/GE-plans-to-invest India’s Great Eastern (GE) Shipping has revealed plans to invest up to $380m for the acquisition of six vessels and one rig by March 2017. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/drycargo/343855/GE-plans-to-invest Mon, 01 Sep 2014 09:58:27 +0000 drycargo NCL eyes $3bn move for Prestige http://www.tradewindsnews.com/shipsales/343853/NCL-eyes-3bn-move-for-Prestige Malaysian-owned Norwegian Cruise Line (NCL) has been linked with a $3bn move to acquire US operator Prestige Cruises. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/343853/NCL-eyes-3bn-move-for-Prestige Mon, 01 Sep 2014 09:52:38 +0000 shipsales CSSC profit jumps http://www.tradewindsnews.com/shipsales/343852/CSSC-profit-jumps State shipbuilder China CSSC has reported a steep improvement in earnings in the first half. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/343852/CSSC-profit-jumps Mon, 01 Sep 2014 09:30:20 +0000 shipsales Russia seizes Zaliv http://www.tradewindsnews.com/finance/343851/Russia-seizes-Zaliv Zaliv Shipyard in Crimea has been taken over by Russian interests following the annexing of the former Ukrainian region earlier this year. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/343851/Russia-seizes-Zaliv Mon, 01 Sep 2014 09:14:33 +0000 finance Three dead in blast http://www.tradewindsnews.com/casualties/343850/Three-dead-in-blast Three shipyard workers have died in Indonesia after welding triggered an explosion on a ship. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/343850/Three-dead-in-blast Mon, 01 Sep 2014 08:28:42 +0000 casualties Cash boost for Rongsheng http://www.tradewindsnews.com/finance/343846/Cash-boost-for-Rongsheng China’s troubled Rongsheng Heavy Industries is to recover most of the CNY 630m ($102.6m) it paid as a deposit in the aborted takeover of an engine maker. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/343846/Cash-boost-for-Rongsheng Mon, 01 Sep 2014 08:20:12 +0000 finance Samsung in $2.5bn merger http://www.tradewindsnews.com/finance/343843/Samsung-in-2.5bn-merger Korea’s Samsung Heavy Industries is taking over Samsung Engineering in a KRW $2.5 trillion ($2.5bn) deal as the group continues to restructure. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/343843/Samsung-in-2.5bn-merger Mon, 01 Sep 2014 07:30:01 +0000 finance HUBLine inches into profit http://www.tradewindsnews.com/liner/343834/HUBLine-inches-into-profit HUBLine has reversed losses of a year ago to move into profit in the third thanks to a lack of write-downs. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/liner/343834/HUBLine-inches-into-profit Mon, 01 Sep 2014 05:19:47 +0000 liner PDZ back in the black http://www.tradewindsnews.com/liner/343827/PDZ-back-in-the-black PDZ Holdings continues on the road to recovery with a second consecutive profitable quarter, latest figures show. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/liner/343827/PDZ-back-in-the-black Mon, 01 Sep 2014 03:30:35 +0000 liner CSAV sinks to loss http://www.tradewindsnews.com/liner/343824/CSAV-sinks-to-loss Compania Sudamericana de Vapores (CSAV) made a second quarter loss of $58.5m, in figures released late Friday. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/liner/343824/CSAV-sinks-to-loss Mon, 01 Sep 2014 02:19:29 +0000 liner Maritime dents NordLB http://www.tradewindsnews.com/finance/343822/Maritime-dents-NordLB Norddeutsche Landesbank’s (NordLB) shipping arm has seen a further deterioration in its financial performance. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/finance/343822/Maritime-dents-NordLB Mon, 01 Sep 2014 00:27:16 +0000 finance IPO on the horizon? http://www.tradewindsnews.com/finance/343819/IPO-on-the-horizon Pioneer Marine does not appear to have abandoned plans to pursue an initial public offering (IPO) in the US, TradeWinds has learned. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/finance/343819/IPO-on-the-horizon Fri, 29 Aug 2014 22:21:43 +0000 finance Cape prices climb http://www.tradewindsnews.com/drycargo/343817/Cape-prices-climb Cargill’s investment arm has been linked to the acquisition of a capesize bulker controlled by Sinokor Merchant Marine of South Korea. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/drycargo/343817/Cape-prices-climb Fri, 29 Aug 2014 21:43:25 +0000 drycargo CMA CGM defies downturn http://www.tradewindsnews.com/finance/343813/CMA-CGM-defies-downturn CMA CGM turned in a second-quarter profit Friday despite ongoing turbulence in the containership market. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/finance/343813/CMA-CGM-defies-downturn Fri, 29 Aug 2014 16:22:00 +0000 finance Marine Stars refloated http://www.tradewindsnews.com/casualties/343812/Marine-Stars-refloated It has taken ten days for the bulk carrier Marine Stars (built 2006) to be refloated after a successful operation conducted by salvor Vernicos, in Oinousses, a small Greek island. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/casualties/343812/Marine-Stars-refloated Fri, 29 Aug 2014 15:10:12 +0000 casualties CSDC returns to profit http://www.tradewindsnews.com/tankers/343793/CSDC-returns-to-profit Growing revenue and reined-in costs proved the key to a better first half result for China Shipping Development Co (CSDC). gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/343793/CSDC-returns-to-profit Fri, 29 Aug 2014 14:55:54 +0000 tankers Atlantic sees red http://www.tradewindsnews.com/offshore/343805/Atlantic-sees-red Norway’s Atlantic Offshore has booked a loss for the second three-month period of the year. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/offshore/343805/Atlantic-sees-red Fri, 29 Aug 2014 14:50:51 +0000 offshore Moundreas adds VLCC http://www.tradewindsnews.com/tankers/343807/Moundreas-adds-VLCC Greek owner NGM Energy has acquired its second VLCC with the purchase of the 299,000-dwt DS Victory (built 2001) from DS Tankers of Germany. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/343807/Moundreas-adds-VLCC Fri, 29 Aug 2014 14:35:50 +0000 tankers Devaluation hits Fesco http://www.tradewindsnews.com/finance/343804/Devaluation-hits-Fesco Devaluation of the Russian rouble has seen Far Eastern Shipping (Fesco) book a decline in profit in the first half of 2014, despite growth in container volumes. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/finance/343804/Devaluation-hits-Fesco Fri, 29 Aug 2014 14:19:42 +0000 finance Deep pocket barbarians http://www.tradewindsnews.com/andalso/343798/Deep-pocket-barbarians We take a look at what was said in the market over the past week. jim.mulrenan@tradewindsnews.com (Jim Mulrenan) http://www.tradewindsnews.com/andalso/343798/Deep-pocket-barbarians Fri, 29 Aug 2014 13:53:45 +0000 andalso GSI sinks deeper http://www.tradewindsnews.com/finance/343796/GSI-sinks-deeper Hong Kong-listed Guangzhou Shipyard International (GSI) has logged a first-half loss hot on the heels of its acquisition of Longxue Shipbuilding, despite an increase in revenue. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/finance/343796/GSI-sinks-deeper Fri, 29 Aug 2014 13:50:02 +0000 finance Trio for Santoku http://www.tradewindsnews.com/drycargo/343794/Trio-for-Santoku Japan’s Santoku Senpaku has increased its domestic orderbook with deals for three new ships. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/343794/Trio-for-Santoku Fri, 29 Aug 2014 13:16:05 +0000 drycargo Vega boxship banned http://www.tradewindsnews.com/liner/343786/Vega-boxship-banned A German boxship has been banned from Australian ports for three months after being detained over crew wages and conditions. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/343786/Vega-boxship-banned Fri, 29 Aug 2014 12:57:12 +0000 liner Olympic improves profit http://www.tradewindsnews.com/offshore/343792/Olympic-improves-profit Oslo-listed Olympic Shipping has seen its profit grow in the second quarter of 2014 thanks to the operation of two new vessels. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/343792/Olympic-improves-profit Fri, 29 Aug 2014 12:46:50 +0000 offshore SCF back in black http://www.tradewindsnews.com/tankers/343788/SCF-back-in-black Sovcomflot (SCF Group) has its gas carriers to thank for a return to profit in the first half, as tanker markets struggled. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/343788/SCF-back-in-black Fri, 29 Aug 2014 11:16:35 +0000 tankers Radiance raises funds http://www.tradewindsnews.com/offshore/343790/Radiance-raises-funds Singapore-listed Pacific Radiance has issued $100m-worth of 4.3% fixed-rate notes for future investments. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/343790/Radiance-raises-funds Fri, 29 Aug 2014 10:58:35 +0000 offshore Minoan cuts loss http://www.tradewindsnews.com/liner/343785/Minoan-cuts-loss Greece-based Minoan Lines has seen less red ink in its first half-bottom line. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/liner/343785/Minoan-cuts-loss Fri, 29 Aug 2014 10:45:10 +0000 liner VLCC clear-out continues http://www.tradewindsnews.com/shipsales/343787/VLCC-clear-out-continues Shipowner John Fredriksen continues to clear out 1990s built VLCCs and has concluded a preliminary deal to sell a 1998 unit for a firm price to a conversion buyer. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/343787/VLCC-clear-out-continues Fri, 29 Aug 2014 10:40:08 +0000 shipsales Flex loss falls http://www.tradewindsnews.com/gas/343780/Flex-loss-falls Oslo-listed Flex LNG has cut its first-half loss as it continues to seek charterers for its new LNG ships. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/gas/343780/Flex-loss-falls Fri, 29 Aug 2014 09:51:16 +0000 gas Global turns profit http://www.tradewindsnews.com/tankers/343782/Global-turns-profit Malaysia’s Global Carriers has posted a profitable second quarter result thanks to an investment disposal during its debt restructuring. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/tankers/343782/Global-turns-profit Fri, 29 Aug 2014 09:38:56 +0000 tankers Billion-dollar buyback begins http://www.tradewindsnews.com/finance/343771/Billion-dollar-buyback-begins Danish shipping and oil giant AP Moller-Maersk is preparing to launch the first phase of a share buy-back that will eventually see up to $1bn of its capital cancelled. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/343771/Billion-dollar-buyback-begins Fri, 29 Aug 2014 08:59:15 +0000 finance Asian tanker hijacked http://www.tradewindsnews.com/piracy/343775/Asian-tanker-hijacked Armed pirates hijacked a Thai tanker off Malaysia's east coast and pumped out its cargo of oil yesterday, a maritime watchdog said. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/piracy/343775/Asian-tanker-hijacked Fri, 29 Aug 2014 08:52:55 +0000 piracy Brazilian breakthrough http://www.tradewindsnews.com/offshore/343773/Brazilian-breakthrough Norway’s Havyard has won its first ever contract in Brazil for the design of four anchor-handlers to be built and operated by Grupo CBO. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/343773/Brazilian-breakthrough Fri, 29 Aug 2014 08:32:36 +0000 offshore Torm wins more time http://www.tradewindsnews.com/finance/343770/Torm-wins-more-time Danish tanker owner Torm has bought more time to come up with a new capital structure in a deal with its banks. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/343770/Torm-wins-more-time Fri, 29 Aug 2014 08:01:48 +0000 finance ZMPC scores $200m order http://www.tradewindsnews.com/shipsales/343769/ZMPC-scores-200m-order Shanghai Zhenhua Heavy Industries (ZMPC) has won a valuable order for a big coastal supply ship. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/343769/ZMPC-scores-200m-order Fri, 29 Aug 2014 07:47:25 +0000 shipsales Latvian making progress http://www.tradewindsnews.com/tankers/343767/Latvian-making-progress Latvian Shipping Company (LSC) has reduced its loss in the first half, but wrote down the value of its fleet to reflect oil majors’ stricter vetting procedures. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/343767/Latvian-making-progress Fri, 29 Aug 2014 07:25:58 +0000 tankers Goldenport cuts the red http://www.tradewindsnews.com/drycargo/343764/Goldenport-cuts-the-red Goldenport Holdings has eked out a small profit in the second quarter, despite an 18% decline in revenues. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/drycargo/343764/Goldenport-cuts-the-red Fri, 29 Aug 2014 06:35:05 +0000 drycargo Rongsheng losses mount http://www.tradewindsnews.com/finance/343751/Rongsheng-losses-mount Rongsheng Heavy Industries, the struggling Chinese shipbuilder, has posted a first half loss of just over CNY 3bn ($498m). dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/finance/343751/Rongsheng-losses-mount Fri, 29 Aug 2014 02:30:24 +0000 finance Long Beach back on line http://www.tradewindsnews.com/liner/343749/Long-Beach-back-on-line The Port of Long Beach resumed full cargo-handling operations on Thursday in the wake of Hurricane Marie. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/liner/343749/Long-Beach-back-on-line Fri, 29 Aug 2014 01:29:36 +0000 liner Globus mints dry fixture http://www.tradewindsnews.com/drycargo/343748/Globus-mints-dry-fixture Globus Maritime (Globus) of Greece appears to have lined up a time charter for one of its panamax bulkers. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/drycargo/343748/Globus-mints-dry-fixture Thu, 28 Aug 2014 22:58:53 +0000 drycargo ASL sees red http://www.tradewindsnews.com/finance/343745/ASL-sees-red ASL Marine Holdings (ASL) reported a fiscal fourth-quarter loss Thursday but the deficit didn’t catch industry observers off guard. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/finance/343745/ASL-sees-red Thu, 28 Aug 2014 21:00:20 +0000 finance Bumi mounts fundraiser http://www.tradewindsnews.com/finance/343738/Bumi-mounts-fundraiser A leading Malaysian offshore contractor has returned to the capital markets in search of cash to finance fleet expansion. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/finance/343738/Bumi-mounts-fundraiser Thu, 28 Aug 2014 20:10:57 +0000 finance CSCL sheds the red http://www.tradewindsnews.com/finance/343737/CSCL-sheds-the-red China Shipping Container Lines (CSCL) returned to profitability in the first-half of 2014, a period in which many other carriers were struggling to stay afloat. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/finance/343737/CSCL-sheds-the-red Thu, 28 Aug 2014 18:43:03 +0000 finance Iraq vows to fight on http://www.tradewindsnews.com/tankers/343729/Iraq-vows-to-fight-on Iraq’s Ministry of Oil has pledged to continue to pursue seizure of a crude cargo alleged to have been illegally exported by the Kurdistan Regional Government despite a recent US court order throwing out a prior arrest order. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/tankers/343729/Iraq-vows-to-fight-on Thu, 28 Aug 2014 17:16:07 +0000 tankers Price pressure spreads http://www.tradewindsnews.com/drycargo/343728/Price-pressure-spreads The pressure on bulker values could be spreading from Chinese-built units to ships built elsewhere. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/343728/Price-pressure-spreads Thu, 28 Aug 2014 15:07:18 +0000 drycargo Oceanteam rises http://www.tradewindsnews.com/offshore/343727/Oceanteam-rises Offshore shipowner Oceanteam Shipping has recorded a profitable second quarter on increased revenue after expanding its activities in Mexico. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/343727/Oceanteam-rises Thu, 28 Aug 2014 14:58:08 +0000 offshore Cosco Holdings loss grows http://www.tradewindsnews.com/finance/343722/Cosco-Holdings-loss-grows State-controlled China Cosco Holdings Co (CCHC) has blamed weak containership and bulker markets for a bigger loss in the first half. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/343722/Cosco-Holdings-loss-grows Thu, 28 Aug 2014 14:36:01 +0000 finance GMS makes more http://www.tradewindsnews.com/offshore/343725/GMS-makes-more Abu Dhabi-based Gulf Marine Services (GMS) has marginally improved its profit in the first half thanks to high fleet utilisation. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/343725/GMS-makes-more Thu, 28 Aug 2014 14:04:33 +0000 offshore SFL profit falls http://www.tradewindsnews.com/finance/343720/SFL-profit-falls Oslo-based Ship Finance International (SFL) has posted a weaker net income in the second quarter of 2014 as revenue went down. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/343720/SFL-profit-falls Thu, 28 Aug 2014 13:12:31 +0000 finance StealthGas waits it out http://www.tradewindsnews.com/gas/343721/StealthGas-waits-it-out Expanding Greek LPG carrier owner StealthGas is preaching patience after net earnings dipped in the second quarter. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/gas/343721/StealthGas-waits-it-out Thu, 28 Aug 2014 12:47:56 +0000 gas SITC profit grows http://www.tradewindsnews.com/liner/343719/SITC-profit-grows SITC International has clocked up a first half profit partly thanks to increased shipping volumes in the intra-Asia market. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/liner/343719/SITC-profit-grows Thu, 28 Aug 2014 12:19:00 +0000 liner DP World profit jumps http://www.tradewindsnews.com/finance/343718/DP-World-profit-jumps Dubai’s DP World has posted a 26% increase in first-half profit on higher revenue. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/finance/343718/DP-World-profit-jumps Thu, 28 Aug 2014 11:38:34 +0000 finance Chevron taking trio http://www.tradewindsnews.com/shipsales/343717/Chevron-taking-trio Oil major Chevron is buying three suezmaxes from Frontline as it ends their bareboat charters early. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/343717/Chevron-taking-trio Thu, 28 Aug 2014 11:20:08 +0000 shipsales KSS Line adds VLGC http://www.tradewindsnews.com/shipsales/343624/KSS-Line-adds-VLGC South Korea’s KSS Line has returned to Hyundai Heavy Industries (HHI) for a new VLGC. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/343624/KSS-Line-adds-VLGC Thu, 28 Aug 2014 10:48:43 +0000 shipsales Harvey's maintenance deal http://www.tradewindsnews.com/offshore/343625/Harveys-maintenance-deal US-based Harvey Gulf International Marine has signed a long-term maintenance agreement for its LNG-powered offshore supply vessels. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/343625/Harveys-maintenance-deal Thu, 28 Aug 2014 10:22:06 +0000 offshore Attica keeps losing http://www.tradewindsnews.com/liner/343621/Attica-keeps-losing Greek-owned Attica Holdings has recorded a loss in the first half of the year, but hopes that a recent deal with a US investor will help it kick off new business initiatives. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/liner/343621/Attica-keeps-losing Thu, 28 Aug 2014 09:57:03 +0000 liner New terminal for Skangass http://www.tradewindsnews.com/gas/343622/New-terminal-for-Skangass LNG provider Skangass is to build and operate a new terminal in Gavle, Sweden. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/gas/343622/New-terminal-for-Skangass Thu, 28 Aug 2014 09:52:11 +0000 gas Fredriksen on the hunt http://www.tradewindsnews.com/tankers/343619/Fredriksen-on-the-hunt John Fredriksen’s Frontline 2012 is preparing to unveil its next growth plan, with smaller tanker operators in its sights. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/343619/Fredriksen-on-the-hunt Thu, 28 Aug 2014 09:18:46 +0000 tankers Sales boost FRNT http://www.tradewindsnews.com/tankers/343618/Sales-boost-FRNT John Fredriksen’s Frontline 2012 has seen second quarter profit soar as it sold ships and shares. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/343618/Sales-boost-FRNT Thu, 28 Aug 2014 09:10:38 +0000 tankers ICG profit falls http://www.tradewindsnews.com/liner/343617/ICG-profit-falls Ferry operator Irish Continental Group (ICG) has seen a slight slip in its profit for the first half of 2014 but its net debt went down. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/liner/343617/ICG-profit-falls Thu, 28 Aug 2014 08:49:05 +0000 liner FRNT cancels MR duo http://www.tradewindsnews.com/tankers/343616/FRNT-cancels-MR-duo Frontline 2012 (FRNT) has torn up two MR tanker contracts at troubled STX Dalian in China, but could face a fight to get its money back. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/343616/FRNT-cancels-MR-duo Thu, 28 Aug 2014 08:30:49 +0000 tankers Frontline reduces loss http://www.tradewindsnews.com/tankers/343613/Frontline-reduces-loss John Fredriksen-controlled tanker company Frontline has cut its loss in the second quarter, despite a plunge in rates. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/343613/Frontline-reduces-loss Thu, 28 Aug 2014 07:30:31 +0000 tankers Jinhui inches into profit http://www.tradewindsnews.com/drycargo/343607/Jinhui-inches-into-profit Jinhui Shipping and Transportation has just managed to edge into profit in the second quarter despite a 30% decline in revenue. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/drycargo/343607/Jinhui-inches-into-profit Thu, 28 Aug 2014 05:43:39 +0000 drycargo CMES returns to profit http://www.tradewindsnews.com/tankers/343599/CMES-returns-to-profit China Merchants Energy Shipping (CMES) has reported an interim profit of CNY 253m ($41m) reversing a year ago loss of CNY 138m. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/tankers/343599/CMES-returns-to-profit Thu, 28 Aug 2014 02:04:55 +0000 tankers Second Elmira ship held http://www.tradewindsnews.com/tankers/343596/Second-Elmira-ship-held Singapore’s admiralty sheriff has arrested a second Elmira-controlled chemical tanker latest court documents show. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/tankers/343596/Second-Elmira-ship-held Thu, 28 Aug 2014 01:14:11 +0000 tankers DHT meets analyst bets http://www.tradewindsnews.com/tankers/343592/DHT-meets-analyst-bets DHT Holdings saw its adjusted loss rise in the second quarter as its fleet grew but the result came in just as analysts predicted. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/tankers/343592/DHT-meets-analyst-bets Wed, 27 Aug 2014 21:05:48 +0000 tankers US seizes $32m in drugs http://www.tradewindsnews.com/drycargo/343585/US-seizes-32m-in-drugs The US Coast Guard has interdicted cocaine estimated to have a wholesale value of $32.4m during a boarding of a general cargoship. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/drycargo/343585/US-seizes-32m-in-drugs Wed, 27 Aug 2014 20:47:43 +0000 drycargo VLCCs head downward http://www.tradewindsnews.com/tankers/343581/VLCCs-head-downward Rates for VLCC spot fixtures are heading downward after spending last week at multi-month highs. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/tankers/343581/VLCCs-head-downward Wed, 27 Aug 2014 20:20:46 +0000 tankers “Yes” causes anxiety http://www.tradewindsnews.com/finance/343568/“Yes”-causes-anxiety Shipping has expressed its apprehension that a Scottish vote for independence could have a negative effect on the country’s shipping and offshore maritime sector, a survey said. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/343568/“Yes”-causes-anxiety Wed, 27 Aug 2014 15:02:46 +0000 finance Piraeus profit stable http://www.tradewindsnews.com/finance/343569/Piraeus-profit-stable Piraeus Port has seen its first half profit hold firm. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/343569/Piraeus-profit-stable Wed, 27 Aug 2014 14:23:46 +0000 finance BW LPG’s ethane hopes http://www.tradewindsnews.com/drycargo/343536/BW-LPG’s-ethane-hopes BW LPG has drawn a double positive from the excitement surrounding the emerging market for very large ethane carriers (VLECs). andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/drycargo/343536/BW-LPG’s-ethane-hopes Wed, 27 Aug 2014 13:43:43 +0000 drycargo Borealis takes nine http://www.tradewindsnews.com/shipsales/343558/Borealis-takes-nine Commerzbank has completed the sale of nine container vessels to Borealis Maritime. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/shipsales/343558/Borealis-takes-nine Wed, 27 Aug 2014 11:39:37 +0000 shipsales