www.tradewindsnews.com http://www.tradewindsnews.com/ www.tradewindsnews.com Vale sees production surge http://www.tradewindsnews.com/drycargo/341727/Vale-sees-production-surge Vale, whose output fuels the Brazil-to-China capesize trade, posted the best second-quarter iron ore production totals in its history. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/drycargo/341727/Vale-sees-production-surge Thu, 24 Jul 2014 19:03:30 +0000 drycargo Diamond drillship fixed http://www.tradewindsnews.com/offshore/341720/Diamond-drillship-fixed Murphy Oil has struck a $200m contract to take a Diamond Offshore Drilling newbuilding drillship for 265 days. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/offshore/341720/Diamond-drillship-fixed Thu, 24 Jul 2014 18:13:11 +0000 offshore Getting closer http://www.tradewindsnews.com/finance/341693/Getting-closer Ireland-based Ardmore Shipping has nearly completed the full financing of its fleet. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/341693/Getting-closer Thu, 24 Jul 2014 13:21:34 +0000 finance Ardmore adds $53m http://www.tradewindsnews.com/finance/341695/Ardmore-adds-53m New York-listed Ardmore Shipping has borrowed another $53m to pay for three newly acquired tankers. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/341695/Ardmore-adds-53m Thu, 24 Jul 2014 13:19:27 +0000 finance SFI sells VLCC trio http://www.tradewindsnews.com/tankers/341691/SFI-sells-VLCC-trio John Fredriksen-linked Ship Finance International (SFI) has sold three veteran VLCCs due to the cost of their upcoming 15-year special surveys. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/341691/SFI-sells-VLCC-trio Thu, 24 Jul 2014 12:14:03 +0000 tankers Keppel keeps on http://www.tradewindsnews.com/shipsales/341599/Keppel-keeps-on Singapore’s Keppel Corp has pushed up second quarter profit as revenue improved. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/341599/Keppel-keeps-on Thu, 24 Jul 2014 10:30:57 +0000 shipsales BWO in full control http://www.tradewindsnews.com/offshore/341600/BWO-in-full-control Oslo-listed FPSO specialist takes full ownership of a unit operating off Gabon. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/offshore/341600/BWO-in-full-control Thu, 24 Jul 2014 10:19:38 +0000 offshore Wartsila selling out http://www.tradewindsnews.com/finance/341595/Wartsila-selling-out Finland’s Wartsila is disposing of its holding in a Chinese two-stroke engine manufacturer. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/341595/Wartsila-selling-out Thu, 24 Jul 2014 09:56:27 +0000 finance Small tankers in sights http://www.tradewindsnews.com/piracy/341594/Small-tankers-in-sights A spate of attacks on small tankers off Southeast Asia has been highlighted as a worrying trend by the International Maritime Bureau (IMB) amid a downturn in global pirate activity. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/piracy/341594/Small-tankers-in-sights Thu, 24 Jul 2014 09:55:58 +0000 piracy Trawler sinks in clash http://www.tradewindsnews.com/casualties/341588/Trawler-sinks-in-clash Three crew have been rescued following a collision that sank a Japanese fishing vessel. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/341588/Trawler-sinks-in-clash Thu, 24 Jul 2014 09:32:49 +0000 casualties Farstad flotilla fixed http://www.tradewindsnews.com/offshore/341586/Farstad-flotilla-fixed Farstad Shipping has unveiled a string of contracts for its anchor-handlers and platform supply vessels running to over $280m. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/offshore/341586/Farstad-flotilla-fixed Thu, 24 Jul 2014 09:25:37 +0000 offshore Typhoon grounds tanker http://www.tradewindsnews.com/casualties/341585/Typhoon-grounds-tanker Four crew were taken off a tanker by helicopter after it grounded in a storm off Taiwan. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/341585/Typhoon-grounds-tanker Thu, 24 Jul 2014 08:29:12 +0000 casualties LNG quartet raises $787m http://www.tradewindsnews.com/finance/341584/LNG-quartet-raises-787m Australia and New Zealand Banking Group (ANZ) and the Export-Import Bank of China (China Exim) have teamed up to lead a $787m financing deal for four new LNG carriers in China. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/341584/LNG-quartet-raises-787m Thu, 24 Jul 2014 07:59:41 +0000 finance ICTSI takes $350m http://www.tradewindsnews.com/finance/341583/ICTSI-takes-350m Philippines port operator ICTSI has fixed a new five-year loan worth $350m. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/341583/ICTSI-takes-350m Thu, 24 Jul 2014 07:32:36 +0000 finance DP World posts growth http://www.tradewindsnews.com/liner/341582/DP-World-posts-growth Dubai’s DP World handled 29.4m teu in the first half of 2014, up 9.3% year-year. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/341582/DP-World-posts-growth Thu, 24 Jul 2014 07:16:12 +0000 liner Amakusa set for repairs http://www.tradewindsnews.com/casualties/article341579.ece5 A Japanese bulker which went aground off Canada last week is due to undergo repairs near to where the casualty took place. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/casualties/article341579.ece5 Thu, 24 Jul 2014 06:21:05 +0000 casualties Ezion sells Oz ops http://www.tradewindsnews.com/offshore/341575/Ezion-sells-Oz-ops Ezion Holdings is to sell its marine base and Australian vessel businesses to AusGroup for SGD 55m ($44m) in cash and shares. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/341575/Ezion-sells-Oz-ops Thu, 24 Jul 2014 05:35:04 +0000 offshore Harvey orders MPFSV http://www.tradewindsnews.com/offshore/341566/Harvey-orders-MPFSV Harvey Gulf International Marine has ordered a hybrid multi-purpose field support vessel (MPFSV) newbuilding. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/341566/Harvey-orders-MPFSV Thu, 24 Jul 2014 02:44:50 +0000 offshore Costamare beats bets http://www.tradewindsnews.com/finance/341555/Costamare-beats-bets Costamare reported a drop in second-quarter earnings that was less severe than analysts expected. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/finance/341555/Costamare-beats-bets Wed, 23 Jul 2014 20:43:29 +0000 finance Concordia’s final voyage http://www.tradewindsnews.com/casualties/341548/Concordia’s-final-voyage The wreck of the Costa Concordia has begun its last voyage, as salvors tow the cruiseship to Genoa for shipbreaking. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/casualties/341548/Concordia’s-final-voyage Wed, 23 Jul 2014 19:43:15 +0000 casualties Euronav shrinks loss http://www.tradewindsnews.com/finance/341536/Euronav-shrinks-loss Euronav trimmed its losses in the second quarter as it revealed a rising rate spot environment for VLCCs and suezmaxes. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/finance/341536/Euronav-shrinks-loss Wed, 23 Jul 2014 18:33:20 +0000 finance MSC sued http://www.tradewindsnews.com/liner/341522/MSC-sued Two Californian companies have sued Mediterranean Shipping Company (MSC) over a shipment of allegedly rotten fruit. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/341522/MSC-sued Wed, 23 Jul 2014 15:05:49 +0000 liner GulfMark estimates dip http://www.tradewindsnews.com/offshore/341523/GulfMark-estimates-dip Iberia Capital Partners has slashed its earnings forecasts for GulfMark Offshore as an analyst expressed concerns about the future of the North Sea market. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/offshore/341523/GulfMark-estimates-dip Wed, 23 Jul 2014 14:50:41 +0000 offshore Nigeria eyes tanker move http://www.tradewindsnews.com/tankers/341515/Nigeria-eyes-tanker-move Nigeria is inviting domestic owners to form a new national tanker company for crude exports. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/341515/Nigeria-eyes-tanker-move Wed, 23 Jul 2014 13:35:27 +0000 tankers Nakilat JV nets $110m deals http://www.tradewindsnews.com/finance/341518/Nakilat-JV-nets-110m-deals Nakilat-Keppel Offshore & Marine has secured contracts worth $110m, it announced today. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/341518/Nakilat-JV-nets-110m-deals Wed, 23 Jul 2014 12:43:33 +0000 finance Samudera bounces back http://www.tradewindsnews.com/liner/341516/Samudera-bounces-back Singapore-listed owner Samudera Shipping Line has said it will sell more ships after it returned to profit in the second quarter. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/341516/Samudera-bounces-back Wed, 23 Jul 2014 12:05:33 +0000 liner Broker merger approved http://www.tradewindsnews.com/finance/341514/Broker-merger-approved The merger of London brokers Braemar Shipping Services and ACM Shipping has been sanctioned by the UK high court of justice. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/341514/Broker-merger-approved Wed, 23 Jul 2014 10:46:04 +0000 finance Israel calls pulled http://www.tradewindsnews.com/liner/341513/Israel-calls-pulled Two more cruise lines have halted calls in Israel as violence in Gaza continues. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/341513/Israel-calls-pulled Wed, 23 Jul 2014 10:22:21 +0000 liner NSB under fire http://www.tradewindsnews.com/finance/341510/NSB-under-fire The UK’s RMT union has warned of a “race to the bottom” after Germany’s NSB threatened to bring in cheaper crews. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/341510/NSB-under-fire Wed, 23 Jul 2014 09:47:50 +0000 finance BMZ snaps up tanker http://www.tradewindsnews.com/tankers/341509/BMZ-snaps-up-tanker A Turkish company run by prime minister Recep Tayyip Erdogan’s son has paid a reported $35m for a new products tanker. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/341509/BMZ-snaps-up-tanker Wed, 23 Jul 2014 09:32:27 +0000 tankers Stifel sounds MLP support http://www.tradewindsnews.com/finance/341511/Stifel-sounds-MLP-support Stifel has backed more shipowners to complete MLP spin-offs as it tweaked earnings estimates for some existing companies in the peer group. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/341511/Stifel-sounds-MLP-support Wed, 23 Jul 2014 09:27:17 +0000 finance CSDC backs Yamal orders http://www.tradewindsnews.com/gas/341508/CSDC-backs-Yamal-orders China Shipping Development Co (CSDC) has guaranteed orders for three LNG carriers signed for at DSME by its joint venture with Japan’s MOL. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/gas/341508/CSDC-backs-Yamal-orders Wed, 23 Jul 2014 09:08:37 +0000 gas Second half hope http://www.tradewindsnews.com/finance/341506/Second-half-hope Vard set for an improvement in the back half of 2014 given recent orders, analyst says. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/341506/Second-half-hope Wed, 23 Jul 2014 08:49:32 +0000 finance The Alexandros T insurance battle http://www.tradewindsnews.com/casualties/341502/The-Alexandros-T-insurance-battle A long running dispute over the high profile loss of the capesize bulker Alexandros T which broke up and sank in 2006 with the loss of 26 crew has in the words of UK Supreme Court judge Lord Clarke been a “remarkable case.” jim.mulrenan@tradewindsnews.com (Jim Mulrenan) http://www.tradewindsnews.com/casualties/341502/The-Alexandros-T-insurance-battle Wed, 23 Jul 2014 07:42:55 +0000 casualties Boxship towed http://www.tradewindsnews.com/casualties/341501/Boxship-towed An Indian boxship is heading back to a repair yard after its engine failed. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/341501/Boxship-towed Wed, 23 Jul 2014 07:21:09 +0000 casualties Trial runs prepared http://www.tradewindsnews.com/liner/341499/Trial-runs-prepared India and Bangladesh are to start trial runs for a new coastal service in October. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/341499/Trial-runs-prepared Wed, 23 Jul 2014 06:41:53 +0000 liner Substitute needed http://www.tradewindsnews.com/casualties/341498/Substitute-needed Condor Ferries is seeking a replacement vessel after a ro-pax grounded off the UK. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/341498/Substitute-needed Wed, 23 Jul 2014 06:20:31 +0000 casualties Mitsubishi plans terminal http://www.tradewindsnews.com/tankers/341494/Mitsubishi-plans-terminal Mitsubishi Corp says it is entering Australia’s diesel market by building a AUD 110m ($104m) gas oil import terminal. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/tankers/341494/Mitsubishi-plans-terminal Wed, 23 Jul 2014 05:21:37 +0000 tankers RIG files MLP IPO http://www.tradewindsnews.com/offshore/341485/RIG-files-MLP-IPO Transocean has filed a registration statement for an IPO in the US for shares in its master limited partnership (MLP) Transocean Partners. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/341485/RIG-files-MLP-IPO Wed, 23 Jul 2014 02:34:53 +0000 offshore Bauxite imports surge http://www.tradewindsnews.com/drycargo/341482/Bauxite-imports-surge China saw imports of bauxite jump nearly 40% last month, but the figure was still well down on pre-Indonesian ban highs. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/drycargo/341482/Bauxite-imports-surge Wed, 23 Jul 2014 00:31:31 +0000 drycargo Tight bonding http://www.tradewindsnews.com/finance/341479/Tight-bonding Scorpio Tankers has managed to slice its borrowing costs for South Korean-built products newbuildings after closing a $125.25m bond deal. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/finance/341479/Tight-bonding Tue, 22 Jul 2014 21:53:25 +0000 finance Box Ships pays up http://www.tradewindsnews.com/finance/341477/Box-Ships-pays-up Box Ships has paid off a loan to Commerzbank that will open new financing options for the New York-listed containership owner. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/finance/341477/Box-Ships-pays-up Tue, 22 Jul 2014 20:24:17 +0000 finance 52 down ... http://www.tradewindsnews.com/finance/341472/52-down-... Scorpio Bulkers now has won financing pledges on 52 of the vessels in its mammoth fleet of newbuildings, an executive said today. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/finance/341472/52-down-... Tue, 22 Jul 2014 20:04:13 +0000 finance APM sells out of Virginia http://www.tradewindsnews.com/liner/341467/APM-sells-out-of-Virginia AP Moller-Maersk’s APM Terminals has sold its container terminal in Portsmouth, in the US state of Virginia. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/liner/341467/APM-sells-out-of-Virginia Tue, 22 Jul 2014 18:17:54 +0000 liner Well work boosts Helix http://www.tradewindsnews.com/offshore/341461/Well-work-boosts-Helix Helix Energy Solutions’ better-than-expected second-quarter profit was fuelled in part by the strength of its well-intervention fleet during the period. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/offshore/341461/Well-work-boosts-Helix Tue, 22 Jul 2014 16:52:08 +0000 offshore PT Pal looks abroad http://www.tradewindsnews.com/shipsales/341454/PT-Pal-looks-abroad Indonesia’s state-owned shipbuilder PT Pal is planning to boost its production capacity through alliances in Saudi Arabia and Hong Kong. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/341454/PT-Pal-looks-abroad Tue, 22 Jul 2014 14:53:25 +0000 shipsales Navios VL newcomer fixed http://www.tradewindsnews.com/tankers/341453/Navios-VL-newcomer-fixed A $41m VLCC bought from compatriot finds one-year employment in pool. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/tankers/341453/Navios-VL-newcomer-fixed Tue, 22 Jul 2014 14:12:11 +0000 tankers Croatia eyes LNG move http://www.tradewindsnews.com/gas/341452/Croatia-eyes-LNG-move Croatia's delayed project to build an LNG terminal could become reality by 2020. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/gas/341452/Croatia-eyes-LNG-move Tue, 22 Jul 2014 13:16:53 +0000 gas Scorpio Tankers scoops up $61.9m http://www.tradewindsnews.com/finance/341448/Scorpio-Tankers-scoops-up-61.9m Scorpio Tankers has continued its share buyback momentum investing $61.9m in its own stock in just a few weeks. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/341448/Scorpio-Tankers-scoops-up-61.9m Tue, 22 Jul 2014 13:16:34 +0000 finance $540m and counting http://www.tradewindsnews.com/drycargo/341449/540m-and-counting Scorpio Bulkers has reeled in a loan worth $540m and is closing in on funds to cover the rest of its vast newbuilding programme. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/drycargo/341449/540m-and-counting Tue, 22 Jul 2014 12:35:07 +0000 drycargo Swissco closing $230m deal http://www.tradewindsnews.com/offshore/341445/Swissco-closing-230m-deal Swissco is set to close the SGD 285m ($230m) purchase of Scott and English Energy after shareholders gave the deal the green light. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/offshore/341445/Swissco-closing-230m-deal Tue, 22 Jul 2014 11:06:41 +0000 offshore Matson settles case http://www.tradewindsnews.com/liner/341444/Matson-settles-case US container line Matson Navigation will pay $9m to settle claims arising from an alleged prohibited fuel charge passed on to the government. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/341444/Matson-settles-case Tue, 22 Jul 2014 11:04:12 +0000 liner Big problems http://www.tradewindsnews.com/drycargo/341442/Big-problems The UK detained a Chinese bulker in June that racked up 41 deficiencies. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/341442/Big-problems Tue, 22 Jul 2014 10:40:48 +0000 drycargo Hanjin Heavy raises cash http://www.tradewindsnews.com/finance/341440/Hanjin-Heavy-raises-cash The parent company of Hanjin Heavy Industries has bought more shares to give the Korean shipbuilder money for working capital. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/341440/Hanjin-Heavy-raises-cash Tue, 22 Jul 2014 09:52:23 +0000 finance Havila slides in Q2 http://www.tradewindsnews.com/offshore/341437/Havila-slides-in-Q2 Havila Shipping bemoaned a weak North Sea spot market as it reported a slip in second quarter income today. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/offshore/341437/Havila-slides-in-Q2 Tue, 22 Jul 2014 09:42:41 +0000 offshore Cosco’s $300m order haul http://www.tradewindsnews.com/drycargo/341439/Cosco’s-300m-order-haul Shipbuilder Cosco Corporation (Singapore) has announced new orders worth $300m, including seven bulkers. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/341439/Cosco’s-300m-order-haul Tue, 22 Jul 2014 09:33:45 +0000 drycargo More ATBs for Kirby http://www.tradewindsnews.com/shipsales/341438/More-ATBs-for-Kirby Bay Shipbuilding of Wisconsin is to build two articulated tug barges (ATBs) for Kirby Corporation. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/341438/More-ATBs-for-Kirby Tue, 22 Jul 2014 09:15:51 +0000 shipsales Centerbridge centre stage http://www.tradewindsnews.com/finance/341432/Centerbridge-centre-stage An investor controlling a major share of the reshaped Genco Shipping & Trading has emerged as a leading stakeholder in spin-off Baltic Trading. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/341432/Centerbridge-centre-stage Tue, 22 Jul 2014 08:53:52 +0000 finance Fincantieri holds firm http://www.tradewindsnews.com/finance/341434/Fincantieri-holds-firm Newly-listed Italian shipbuilder Fincantieri has posted “stable” earnings in the first half of 2014. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/341434/Fincantieri-holds-firm Tue, 22 Jul 2014 08:45:14 +0000 finance Reliance goes solo http://www.tradewindsnews.com/gas/341430/Reliance-goes-solo Shipowners appear to have missed out on an initial share of the action in Reliance Industries’ very large ethane carrier (VLEC) order. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/gas/341430/Reliance-goes-solo Tue, 22 Jul 2014 08:19:11 +0000 gas Gulfmark six cents short http://www.tradewindsnews.com/offshore/341431/Gulfmark-six-cents-short Record second quarter revenue was not enough to keep Gulfmark Offshore’s second quarter results up with Wall Street expectations. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/offshore/341431/Gulfmark-six-cents-short Tue, 22 Jul 2014 07:45:30 +0000 offshore Cochin pulls out? http://www.tradewindsnews.com/finance/341429/Cochin-pulls-out India's Cochin Shipyard Ltd (CSL) has reportedly pulled out of a project to build a new shiprepair plant. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/341429/Cochin-pulls-out Tue, 22 Jul 2014 07:27:37 +0000 finance IMF's German concern http://www.tradewindsnews.com/finance/341428/IMFs-German-concern Bad shipping loans could still lead to more impairments for German banks, the International Monetary Fund (IMF) warns. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/341428/IMFs-German-concern Tue, 22 Jul 2014 06:36:48 +0000 finance Sewol owner's body found http://www.tradewindsnews.com/casualties/341426/Sewol-owners-body-found South Korean police have confirmed they have found the body of fugitive Sewol owner Yoo Byung-un. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/341426/Sewol-owners-body-found Tue, 22 Jul 2014 06:19:03 +0000 casualties Vard back in black http://www.tradewindsnews.com/offshore/341420/Vard-back-in-black Vard Holdings has returned to profit in the second quarter of 2014, figures released by the company Tuesday show. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/341420/Vard-back-in-black Tue, 22 Jul 2014 05:45:47 +0000 offshore Alaska seeks approval http://www.tradewindsnews.com/gas/341416/Alaska-seeks-approval The Alaska LNG export project has applied to the US Department of Energy (DOE) to ship up to 20mtpa of LNG over a thirty year period. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/gas/341416/Alaska-seeks-approval Tue, 22 Jul 2014 03:52:30 +0000 gas Kleven Asia breakthrough http://www.tradewindsnews.com/offshore/341412/Kleven-Asia-breakthrough Kleven Verft has secured its first newbuilding contract from South East Asia-based client, the shipbuilder has confirmed. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/341412/Kleven-Asia-breakthrough Tue, 22 Jul 2014 03:20:02 +0000 offshore Collapse enquiry underway http://www.tradewindsnews.com/casualties/341405/Collapse-enquiry-underway UK investigators have begun their enquiry into the causes behind the collapse of a vehicle deck on a car ferry. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/casualties/341405/Collapse-enquiry-underway Tue, 22 Jul 2014 01:45:03 +0000 casualties Something shaking http://www.tradewindsnews.com/drycargo/341403/Something-shaking New York-listed Scorpio Bulkers (SALT) is set to announce major progress in financing the remainder of its massive orderbook of newbuildings, finance sources said today. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/drycargo/341403/Something-shaking Mon, 21 Jul 2014 20:06:54 +0000 drycargo Teekay outlook upgraded http://www.tradewindsnews.com/finance/341397/Teekay-outlook-upgraded Moody's has upgraded Teekay Corp’s outlook on expectations that the US-listed tanker giant will make progress on cutting its $1.2bn debt load. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/finance/341397/Teekay-outlook-upgraded Mon, 21 Jul 2014 20:01:32 +0000 finance LR2s in two-month high http://www.tradewindsnews.com/tankers/341394/LR2s-in-two-month-high Clean long-range-2 (LR2) products tankers are experiencing a firm spot market as eastern routes have seen rates rise to a two-month high. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/tankers/341394/LR2s-in-two-month-high Mon, 21 Jul 2014 19:05:30 +0000 tankers Apollo unveils Genco slice http://www.tradewindsnews.com/drycargo/341388/Apollo-unveils-Genco-slice Apollo Global Management owns just over 10% of Genco Shipping & Trading, the private equity powerhouse has revealed. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/drycargo/341388/Apollo-unveils-Genco-slice Mon, 21 Jul 2014 17:52:36 +0000 drycargo ICS seeks ECA harmony http://www.tradewindsnews.com/drycargo/341383/ICS-seeks-ECA-harmony The International Chamber of Shipping (ICS) has urged the Paris Memorandum of Understanding (MOU) to ensure a harmonised approach to port state control enforcement of looming emissions regulations. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/drycargo/341383/ICS-seeks-ECA-harmony Mon, 21 Jul 2014 16:41:37 +0000 drycargo Shipping pays for Greece http://www.tradewindsnews.com/finance/341373/Shipping-pays-for-Greece Better results from Greek shipowners have helped cut the country’s current account deficit, according to Bank of Greece data. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/341373/Shipping-pays-for-Greece Mon, 21 Jul 2014 15:00:16 +0000 finance Kexim’s $1bn boost http://www.tradewindsnews.com/finance/341370/Kexim’s-1bn-boost South Korea has hatched a plan to buy eco-ships to make it easier for domestic owners to operate efficient tonnage. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/341370/Kexim’s-1bn-boost Mon, 21 Jul 2014 13:37:07 +0000 finance Martinac fetches $6m http://www.tradewindsnews.com/shipsales/341369/Martinac-fetches-6m A US buyer has won the auction for indebted Tacoma yard JM Martinac Shipbuilding. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/341369/Martinac-fetches-6m Mon, 21 Jul 2014 13:06:22 +0000 shipsales MSC Flaminia's eco rebirth http://www.tradewindsnews.com/liner/341364/MSC-Flaminias-eco-rebirth The NSB boxship MSC Flaminia is now a fully repaired and upgraded eco vessel two years after the serious fire and explosions that killed three crew. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/341364/MSC-Flaminias-eco-rebirth Mon, 21 Jul 2014 11:09:43 +0000 liner Vale bags China funds http://www.tradewindsnews.com/finance/341366/Vale-bags-China-funds Vale is the latest company to sign a funding deal with Chinese lenders during a state visit. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/341366/Vale-bags-China-funds Mon, 21 Jul 2014 10:42:57 +0000 finance