www.tradewindsnews.com http://www.tradewindsnews.com/ www.tradewindsnews.com 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 Scandal spooks Street http://www.tradewindsnews.com/finance/343816/Scandal-spooks-Street The track record of the chairman and chief executive of Product Shipping Limited has emerged as a hurdle the Greek product tanker owner may need to clear before it completes a US listing. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/finance/343816/Scandal-spooks-Street Fri, 29 Aug 2014 19:51:54 +0000 finance 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 Marginal profit for Awilco http://www.tradewindsnews.com/gas/343557/Marginal-profit-for-Awilco A slow market trends have resulted in Awilco LNG (ALNG) posting a marginal profit in the second quarter of 2014. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/gas/343557/Marginal-profit-for-Awilco Wed, 27 Aug 2014 11:24:21 +0000 gas VLECs designs evolve http://www.tradewindsnews.com/gas/343562/VLECs-designs-evolve Designers of large gas carriers specifically engineered for the long haul ethane trades will need to give particular consideration to the ships’ containment and propulsion systems to maximise their trading efficiency, a new report says. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/gas/343562/VLECs-designs-evolve Wed, 27 Aug 2014 11:13:26 +0000 gas Seadrill in orders freeze http://www.tradewindsnews.com/finance/343550/Seadrill-in-orders-freeze John Fredriksen’s Seadrill has called a halt to newbuilding orders as it waits to see which way the market will turn. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/343550/Seadrill-in-orders-freeze Wed, 27 Aug 2014 10:52:06 +0000 finance NSR opens earlier http://www.tradewindsnews.com/andalso/343548/NSR-opens-earlier Northern Sea Route (NSR) has opened two weeks earlier than last year and is now ready for commercial shipping traffic, Tokyo-based Global Ice Centre (GIC) said. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/andalso/343548/NSR-opens-earlier Wed, 27 Aug 2014 08:49:50 +0000 andalso Strong half for Fisher http://www.tradewindsnews.com/finance/343546/Strong-half-for-Fisher UK shipping group James Fisher posted an improved profit in the first half of 2014 thanks to new business both at home and overseas. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/343546/Strong-half-for-Fisher Wed, 27 Aug 2014 08:42:20 +0000 finance Aurora in positive start http://www.tradewindsnews.com/gas/343544/Aurora-in-positive-start Aurora LPG has reported a profit of just over $6m according to preliminary figures for its first operational period. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/gas/343544/Aurora-in-positive-start Wed, 27 Aug 2014 08:22:18 +0000 gas Bumper payout for BW LPG http://www.tradewindsnews.com/finance/343535/Bumper-payout-for-BW-LPG BW LPG has paid out over $100m in dividend after a remarkable VLGC market helped jack up its bottom line. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/343535/Bumper-payout-for-BW-LPG Wed, 27 Aug 2014 07:36:14 +0000 finance Nordic trims losses http://www.tradewindsnews.com/finance/343537/Nordic-trims-losses Nordic Shipholding has reported an interim pre-tax loss of $3.4m in figures released first thing Wednesday morning. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/finance/343537/Nordic-trims-losses Wed, 27 Aug 2014 07:36:00 +0000 finance Weak rates dent GOGL http://www.tradewindsnews.com/drycargo/343531/Weak-rates-dent-GOGL Golden Ocean has just managed to post a positive result for the second quarter of 2014 in the face of the weak freight rate environment. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/drycargo/343531/Weak-rates-dent-GOGL Wed, 27 Aug 2014 06:11:40 +0000 drycargo China Cosco seals funds http://www.tradewindsnews.com/finance/343528/China-Cosco-seals-funds China Cosco Group has secured a huge new credit facility courtesy of China Merchants Bank, it emerged Tuesday. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/finance/343528/China-Cosco-seals-funds Wed, 27 Aug 2014 05:37:18 +0000 finance Statoil fixes MPOV http://www.tradewindsnews.com/offshore/343517/Statoil-fixes-MPOV Nordic Maritime has secured a charter of up to 45 days from Statoil for a multi-purpose offshore vessel. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/343517/Statoil-fixes-MPOV Wed, 27 Aug 2014 03:47:21 +0000 offshore Ardmore files shelf http://www.tradewindsnews.com/finance/343514/Ardmore-files-shelf Ardmore Shipping Corporation is looking to raise fresh funds according to a financial disclosure to US regulatory authorities. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/finance/343514/Ardmore-files-shelf Wed, 27 Aug 2014 01:42:40 +0000 finance SALT torpedoes rumours http://www.tradewindsnews.com/drycargo/343508/SALT-torpedoes-rumours Scorpio Bulkers is pouring cold water on reports that it has inked a contract to construct another series of kamsarmax bulkers at a shipyard in China. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/drycargo/343508/SALT-torpedoes-rumours Tue, 26 Aug 2014 18:38:23 +0000 drycargo Petrobras takes AHTS http://www.tradewindsnews.com/offshore/343505/Petrobras-takes-AHTS A leading offshore contractor has lined up a lengthy time charter for one of its anchor-handlers. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/offshore/343505/Petrobras-takes-AHTS Tue, 26 Aug 2014 17:19:21 +0000 offshore