www.tradewindsnews.com http://www.tradewindsnews.com/ www.tradewindsnews.com Alexis Zoullas steps up http://www.tradewindsnews.com/drycargo/351253/Alexis-Zoullas-steps-up Eagle Bulk Shipping has handed Alexis Zoullas additional responsibility among its management team. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/drycargo/351253/Alexis-Zoullas-steps-up Mon, 22 Dec 2014 12:07:14 +0000 drycargo Christmas truce for Rotterdam http://www.tradewindsnews.com/finance/351251/Christmas-truce-for-Rotterdam Europe Container Terminals (ECT) and the Port of Rotterdam Authority have agreed to end a three-year legal dispute over claims by the terminal operator that it was unfairly treated. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/351251/Christmas-truce-for-Rotterdam Mon, 22 Dec 2014 11:35:54 +0000 finance NAT firms Sungdong deal http://www.tradewindsnews.com/tankers/351247/NAT-firms-Sungdong-deal Nordic American Tankers has firmed up its first newbuilding order in more than four years. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/tankers/351247/NAT-firms-Sungdong-deal Mon, 22 Dec 2014 11:11:19 +0000 tankers Maersk Tankers confirms MR deal http://www.tradewindsnews.com/tankers/351194/Maersk-Tankers-confirms-MR-deal Maersk Tankers has confirmed the purchase of four medium range (MR) products tankers in a move that continues its fleet renewal efforts. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/tankers/351194/Maersk-Tankers-confirms-MR-deal Mon, 22 Dec 2014 10:50:59 +0000 tankers Nakilat in workboat order http://www.tradewindsnews.com/shipsales/351239/Nakilat-in-workboat-order Nakilat Damen Shipyards Qatar has penned a contract to build 11 workboats to be used in a new multi-billion port project. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/shipsales/351239/Nakilat-in-workboat-order Mon, 22 Dec 2014 09:59:41 +0000 shipsales Ocean Yield loan grows http://www.tradewindsnews.com/finance/351238/Ocean-Yield-loan-grows Ocean Yield has added $50.5m to one of its bank loans to aid with its expansion efforts. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/351238/Ocean-Yield-loan-grows Mon, 22 Dec 2014 09:24:19 +0000 finance Wartsila wins LNG deal http://www.tradewindsnews.com/liner/351240/Wartsila-wins-LNG-deal Finnish company cooperates with GSI and Gotland in the construction of modern ro-pax. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/liner/351240/Wartsila-wins-LNG-deal Mon, 22 Dec 2014 09:17:15 +0000 liner Teekay buys identified http://www.tradewindsnews.com/tankers/351237/Teekay-buys-identified Teekay Tankers’ $230m swoop saw the company snap up ships from two separate sources. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/tankers/351237/Teekay-buys-identified Mon, 22 Dec 2014 08:55:37 +0000 tankers BGC ups offer http://www.tradewindsnews.com/finance/351233/BGC-ups-offer BGC Partners has increased its all-cash tender offer to acquire all outstanding shares of GFI Group to $5.45 per share, a $0.20 premium over what it was previously offering. jonathan.boonzaier@tradewinds.no (Jonathan Boonzaier) http://www.tradewindsnews.com/finance/351233/BGC-ups-offer Mon, 22 Dec 2014 06:10:56 +0000 finance Green light for AMPT Moin http://www.tradewindsnews.com/liner/351231/Green-light-for-AMPT-Moin Costa Rica’s environmental agency has given its seal of approval for APM Terminal’s big boxship port project on the country’s Atlantic coast. jonathan.boonzaier@tradewinds.no (Jonathan Boonzaier) http://www.tradewindsnews.com/liner/351231/Green-light-for-AMPT-Moin Mon, 22 Dec 2014 03:43:27 +0000 liner Tanker crew abandoned http://www.tradewindsnews.com/tankers/351224/Tanker-crew-abandoned The crew of a small chemical tanker who have been left stranded on board in the Indonesian port of Palembang without pay and supplies have enlisted the help of the International Transport Workers Federation (ITF). jonathan.boonzaier@tradewinds.no (Jonathan Boonzaier) http://www.tradewindsnews.com/tankers/351224/Tanker-crew-abandoned Mon, 22 Dec 2014 02:29:02 +0000 tankers Pay to stay at OSG http://www.tradewindsnews.com/tankers/351222/Pay-to-stay-at-OSG Overseas Shipholding Group (OSG) will pay five high-ranking executives $1.74m to stay in their posts through 2016. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/tankers/351222/Pay-to-stay-at-OSG Sat, 20 Dec 2014 00:24:51 +0000 tankers Wheat takes OSG chairmanship http://www.tradewindsnews.com/tankers/351219/Wheat-takes-OSG-chairmanship Overseas Shipholding Group (OSG) has appointed board member Douglas Wheat as the tanker owner's chairman, replacing John Ray. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/tankers/351219/Wheat-takes-OSG-chairmanship Sat, 20 Dec 2014 00:01:40 +0000 tankers Truckers in port strike http://www.tradewindsnews.com/liner/351211/Truckers-in-port-strike Truckers serving Florida’s Port Everglades Terminal are mounting a work stoppage, market sources tell TradeWinds. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/liner/351211/Truckers-in-port-strike Fri, 19 Dec 2014 21:38:32 +0000 liner Hapag-Lloyd raises cash http://www.tradewindsnews.com/liner/351208/Hapag-Lloyd-raises-cash Hapag-Lloyd has completed a EUR 370m ($452m) capital increase as part of its planned merger with the liner operations of Chile’s Compania Sud Americana de Vapores (CSAV). eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/liner/351208/Hapag-Lloyd-raises-cash Fri, 19 Dec 2014 19:18:56 +0000 liner Shares plunge after offering http://www.tradewindsnews.com/tankers/351204/Shares-plunge-after-offering Teekay Tankers’ shares lost 14.4% of their value after the company announced a stock offering yesterday. eric.martin@tradewindsnews.com (Eric Martin) http://www.tradewindsnews.com/tankers/351204/Shares-plunge-after-offering Fri, 19 Dec 2014 18:11:08 +0000 tankers Genmar buys Navig8 VLCC fleet http://www.tradewindsnews.com/tankers/351199/Genmar-buys-Navig8-VLCC-fleet Peter Georgiopoulos’s Genmar has signed a preliminary agreement for the $1.4bn takeover of Navig8’s VLCC fleet. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/tankers/351199/Genmar-buys-Navig8-VLCC-fleet Fri, 19 Dec 2014 17:28:41 +0000 tankers Scorpio Bulkers in resale score http://www.tradewindsnews.com/shipsales/351197/Scorpio-Bulkers-in-resale-score Scorpio Bulkers has sold one of its kamsarmax newbuildings nearing completion at Tsuneishi. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/shipsales/351197/Scorpio-Bulkers-in-resale-score Fri, 19 Dec 2014 15:49:44 +0000 shipsales Danes pursue OW http://www.tradewindsnews.com/owbunker/351196/Danes-pursue-OW Danish investors are clubbing together to take legal action over the collapse of OW Bunker. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/owbunker/351196/Danes-pursue-OW Fri, 19 Dec 2014 15:27:13 +0000 owBunker Hafnia nets $236m http://www.tradewindsnews.com/tankers/351195/Hafnia-nets-236m Mikael Skov’s Hafnia Tankers has secured $236.78m to help fund its newbuilding programme. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/tankers/351195/Hafnia-nets-236m Fri, 19 Dec 2014 15:16:46 +0000 tankers Yang Ming in clash row http://www.tradewindsnews.com/casualties/351192/Yang-Ming-in-clash-row Taiwan's Yang Ming has accused the coast guard administration (CGA) of disregarding the country's sovereignty by seeking compensation for a collision in a Chinese court. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/351192/Yang-Ming-in-clash-row Fri, 19 Dec 2014 14:40:26 +0000 casualties A family affair http://www.tradewindsnews.com/liner/351185/A-family-affair Hong Kong-listed SITC International Holdings has sold a 2002-built boxship to the wife of its biggest shareholder. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/351185/A-family-affair Fri, 19 Dec 2014 12:39:11 +0000 liner Fredriksen takes charge http://www.tradewindsnews.com/finance/351184/Fredriksen-takes-charge John Fredriksen holds 81.74% of Flex LNG following the completion of a mandatory offer made by his investment vehicle Geveran Trading. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/finance/351184/Fredriksen-takes-charge Fri, 19 Dec 2014 12:34:48 +0000 finance Got fuel to burn, got roads to drive http://www.tradewindsnews.com/andalso/351181/Got-fuel-to-burn-got-roads-to-drive 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/351181/Got-fuel-to-burn-got-roads-to-drive Fri, 19 Dec 2014 12:24:07 +0000 andalso Srikandi-515 spills oil http://www.tradewindsnews.com/casualties/351183/Srikandi-515-spills-oil A hijacked tanker that grounded off Thailand has begun leaking engine oil. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/351183/Srikandi-515-spills-oil Fri, 19 Dec 2014 12:00:37 +0000 casualties Passengers saved http://www.tradewindsnews.com/casualties/351173/Passengers-saved All 171 people on a sinking Malaysian ferry have been rescued. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/351173/Passengers-saved Fri, 19 Dec 2014 11:08:28 +0000 casualties Rindbo's 30-1 shot http://www.tradewindsnews.com/drycargo/351179/Rindbos-30-1-shot Jan Rindbo saw off competition from over 30 other candidates to win the chief executive’s job at Norden, the Danish owner revealed today. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/drycargo/351179/Rindbos-30-1-shot Fri, 19 Dec 2014 11:01:42 +0000 drycargo Petronas builds new terminal http://www.tradewindsnews.com/gas/351175/Petronas-builds-new-terminal Malaysia’s Petronas has agreed to jointly develop an industrial terminal in Pengerang, Johor, with Dialog Group and Royal Vopak. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/gas/351175/Petronas-builds-new-terminal Fri, 19 Dec 2014 10:46:17 +0000 gas Yard worker killed http://www.tradewindsnews.com/casualties/351169/Yard-worker-killed A shiprepairer has fallen to this death on a research ship in Galveston, Texas. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/351169/Yard-worker-killed Fri, 19 Dec 2014 10:07:19 +0000 casualties Rem CSV pushed back http://www.tradewindsnews.com/offshore/351172/Rem-CSV-pushed-back A weakening offshore market has led Age Remoy’s Rem to put the brakes on a construction vessel at Vard. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/offshore/351172/Rem-CSV-pushed-back Fri, 19 Dec 2014 09:49:35 +0000 offshore New LNG hub for Finland http://www.tradewindsnews.com/gas/351168/New-LNG-hub-for-Finland Wartsila and Skangass have joined forces for the construction of an LNG terminal in Tornio, northern Finland. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/gas/351168/New-LNG-hub-for-Finland Fri, 19 Dec 2014 09:28:57 +0000 gas Dynagas Partners switches http://www.tradewindsnews.com/finance/351163/Dynagas-Partners-switches Dynagas LNG Partners (DLNG) is moving its stock listing from the Nasdaq to the New York Stock Exchange (NYSE) to improve investor access. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/351163/Dynagas-Partners-switches Fri, 19 Dec 2014 09:16:27 +0000 finance Carnival adds duo http://www.tradewindsnews.com/shipsales/351164/Carnival-adds-duo US giant Carnival Corp has added two more cruiseships to its orderbook at Fincantieri in Italy. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/351164/Carnival-adds-duo Fri, 19 Dec 2014 08:52:14 +0000 shipsales Ferry crunched http://www.tradewindsnews.com/casualties/351159/Ferry-crunched A Turkish ferry has been damaged in a collision with a Maltese bulker. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/351159/Ferry-crunched Fri, 19 Dec 2014 08:22:11 +0000 casualties Three more for Multraship http://www.tradewindsnews.com/shipsales/351158/Three-more-for-Multraship Dutch salvage and towage group Multraship has ordered a new trio of tugs at compatriot shipbuilder Damen. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/351158/Three-more-for-Multraship Fri, 19 Dec 2014 07:25:47 +0000 shipsales Cruiseship aground http://www.tradewindsnews.com/casualties/351156/Cruiseship-aground Reports out of the Philippines indicates that the 23,100-gt cruiseship Ocean Star Pacific (built 1971) ran aground near the port of General Santos earlier this week. jonathan.boonzaier@tradewinds.no (Jonathan Boonzaier) http://www.tradewindsnews.com/casualties/351156/Cruiseship-aground Fri, 19 Dec 2014 06:40:02 +0000 casualties TSM books bitumen ships http://www.tradewindsnews.com/shipsales/351152/TSM-books-bitumen-ships Tianjin Southwest Maritime (TSM) is doubling its asphalt and bitumen carrier fleet with orders for up to four newbuildings. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/shipsales/351152/TSM-books-bitumen-ships Fri, 19 Dec 2014 03:56:50 +0000 shipsales OW Bunker man arrested http://www.tradewindsnews.com/owbunker/351150/OW-Bunker-man-arrested Denmark has arrested a former manager of collapsed ship fuel supplier OW Bunker suspected of fraud in Italy. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/owbunker/351150/OW-Bunker-man-arrested Fri, 19 Dec 2014 02:39:55 +0000 owBunker Mermaid seals $50m fix http://www.tradewindsnews.com/offshore/351148/Mermaid-seals-50m-fix Singapore-listed Mermaid Maritime has secured a two-year contract worth $50m for one of its dive support vessels. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/351148/Mermaid-seals-50m-fix Fri, 19 Dec 2014 02:06:51 +0000 offshore Quiet end to 2014 http://www.tradewindsnews.com/liner/351147/Quiet-end-to-2014 The Port of Los Angeles has reported a year-on-year drop of 3% in container volumes for the month of November. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/liner/351147/Quiet-end-to-2014 Fri, 19 Dec 2014 00:43:33 +0000 liner Ezion CEO buys shares http://www.tradewindsnews.com/offshore/351145/Ezion-CEO-buys-shares Ezion Holdings chief executive Chew Thiam Keng has snapped up shares in the offshore marine logistics and support services provider. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/351145/Ezion-CEO-buys-shares Thu, 18 Dec 2014 23:56:40 +0000 offshore Teekay plots takeover http://www.tradewindsnews.com/tankers/351143/Teekay-plots-takeover The $230m acquisition of five aframaxes has emerged as the first stage of broader expansion initiative at Teekay Tankers (Teekay). aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/tankers/351143/Teekay-plots-takeover Thu, 18 Dec 2014 23:20:39 +0000 tankers TNK hatches fundraiser http://www.tradewindsnews.com/finance/351140/TNK-hatches-fundraiser Teekay Tankers (Teekay) has turned to the capital markets for cash to finance the freshly-minted acquisition of five aframaxes. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/finance/351140/TNK-hatches-fundraiser Thu, 18 Dec 2014 22:10:04 +0000 finance Navios seeks period deals http://www.tradewindsnews.com/tankers/351139/Navios-seeks-period-deals Navios Maritime Acquisition Corp has lined up period deals for two of its youngest medium-range product tankers. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/tankers/351139/Navios-seeks-period-deals Thu, 18 Dec 2014 21:44:16 +0000 tankers Trafigura locks in LR1 http://www.tradewindsnews.com/tankers/351138/Trafigura-locks-in-LR1 Nordic Shipholding of Denmark has lined up what appears to be a lucrative fixture for its lone long-range-one (LR1) product tanker. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/tankers/351138/Trafigura-locks-in-LR1 Thu, 18 Dec 2014 20:53:52 +0000 tankers How low can you go? http://www.tradewindsnews.com/drycargo/351137/How-low-can-you-go Freight rates for capesize bulkers continued to slide Thursday but some believe levels are about to bottom out since owners are growing increasingly reluctant to seal spot fixtures. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/drycargo/351137/How-low-can-you-go Thu, 18 Dec 2014 19:23:33 +0000 drycargo Pasha pulls loan app http://www.tradewindsnews.com/finance/351136/Pasha-pulls-loan-app It appears that another Jones Act operator has withdrawn an application for loan guarantees linked to the US government’s Title XI programme. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/finance/351136/Pasha-pulls-loan-app Thu, 18 Dec 2014 17:48:23 +0000 finance Iran exports more http://www.tradewindsnews.com/tankers/351130/Iran-exports-more Easing of Western sanctions has seen Iran export 38% more oil to India in the first 11 months of 2014. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/351130/Iran-exports-more Thu, 18 Dec 2014 16:24:04 +0000 tankers UDSC in the black http://www.tradewindsnews.com/drycargo/351128/UDSC-in-the-black Ukrainian Danube Shipping Company (UDSC) has posted a profit in the third quarter as revenue improved. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/351128/UDSC-in-the-black Thu, 18 Dec 2014 15:43:29 +0000 drycargo Cecon fixes funds http://www.tradewindsnews.com/finance/351126/Cecon-fixes-funds Norwegian offshore owner Cecon has found new funding for its third newbuilding after filing for protection from creditors. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/351126/Cecon-fixes-funds Thu, 18 Dec 2014 15:26:26 +0000 finance Teekay Tankers snaps up five http://www.tradewindsnews.com/tankers/351121/Teekay-Tankers-snaps-up-five Quoted tanker owner acquires modern aframaxe fleet in a move worth over $200m. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/tankers/351121/Teekay-Tankers-snaps-up-five Thu, 18 Dec 2014 15:16:26 +0000 tankers Marinakis makes way http://www.tradewindsnews.com/finance/351004/Marinakis-makes-way Evangelos Marinakis has stepped down as chairman of Capital Product Partners in a move which sees former chief executive Ioannis Lazaridis return to the company. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/351004/Marinakis-makes-way Thu, 18 Dec 2014 14:58:08 +0000 finance Havyard wins order http://www.tradewindsnews.com/shipsales/351118/Havyard-wins-order Havyard Ship Technology has secured a contract to construct a new vessel at its Leirvik shipyard, it was revealed today. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/shipsales/351118/Havyard-wins-order Thu, 18 Dec 2014 13:19:33 +0000 shipsales Slow steaming should stay http://www.tradewindsnews.com/drycargo/351009/Slow-steaming-should-stay Crashing bunker bills have not eliminated the merits of slow steaming in a dry cargo market suffering from 25% oversupply, BIMCO says. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/drycargo/351009/Slow-steaming-should-stay Thu, 18 Dec 2014 13:09:52 +0000 drycargo Swedish Club set for profit http://www.tradewindsnews.com/finance/351115/Swedish-Club-set-for-profit The Swedish Club has added an AM Best rating of ‘A-' to its underwriting armoury as the marine insurance renewal season gets underway. jim.mulrenan@tradewindsnews.com (Jim Mulrenan) http://www.tradewindsnews.com/finance/351115/Swedish-Club-set-for-profit Thu, 18 Dec 2014 12:17:51 +0000 finance Worker dies on cape http://www.tradewindsnews.com/casualties/351007/Worker-dies-on-cape A Spanish docker has died in the cargo hold of a bulker in Spain. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/351007/Worker-dies-on-cape Thu, 18 Dec 2014 12:16:34 +0000 casualties Roast not too dry http://www.tradewindsnews.com/andalso/351114/Roast-not-too-dry Dry cargo brokers at EA Gibson have cooked up a storm in a Christmas fund-riasing effort for disadvantaged children. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/andalso/351114/Roast-not-too-dry Thu, 18 Dec 2014 12:11:26 +0000 andalso Danske picks out Avance http://www.tradewindsnews.com/gas/351003/Danske-picks-out-Avance Avance Gas is the sole shipping company picked out by Danske Bank among its top five stock selections for 2015. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/gas/351003/Danske-picks-out-Avance Thu, 18 Dec 2014 11:53:31 +0000 gas Fredriksen gets more http://www.tradewindsnews.com/finance/350998/Fredriksen-gets-more Kawasaki Kisen Kaisha (K Line) has become the latest shareholder to cash out from Flex LNG, giving John Fredriksen a bigger stake in the company. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/finance/350998/Fredriksen-gets-more Thu, 18 Dec 2014 11:49:26 +0000 finance Volga profit rises http://www.tradewindsnews.com/drycargo/351001/Volga-profit-rises Russian owner Volga Shipping has posted improved nine-month profit as revenue grew. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/351001/Volga-profit-rises Thu, 18 Dec 2014 11:46:00 +0000 drycargo Piraeus Bank buys in http://www.tradewindsnews.com/finance/350997/Piraeus-Bank-buys-in Piraeus Bank has boosted its stake in Greece’s Anek Lines after taking over Sea Star Capital’s holding in the company. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/finance/350997/Piraeus-Bank-buys-in Thu, 18 Dec 2014 11:15:04 +0000 finance Room for improvement http://www.tradewindsnews.com/finance/351000/Room-for-improvement The London Steam-Ship Owners' Mutual Insurance Association has received a ‘BBB’ rating and a mixed report in a first interactive assessment by Standard & Poor’s (S&P). jim.mulrenan@tradewindsnews.com (Jim Mulrenan) http://www.tradewindsnews.com/finance/351000/Room-for-improvement Thu, 18 Dec 2014 10:48:57 +0000 finance IHB selling cargoship http://www.tradewindsnews.com/shipsales/350999/IHB-selling-cargoship Industrial Holding Bulgaria (IHB) is offloading a modern multipurpose vessel built at its own Varna shipyard. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/350999/IHB-selling-cargoship Thu, 18 Dec 2014 10:48:52 +0000 shipsales Bestway into finance http://www.tradewindsnews.com/finance/350996/Bestway-into-finance Shanghai Bestway Marine Engineering Design is entering the finance arena in a CNY 1bn ($161m) deal. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/350996/Bestway-into-finance Thu, 18 Dec 2014 10:36:21 +0000 finance Widow escapes jail http://www.tradewindsnews.com/casualties/350994/Widow-escapes-jail The widow of the owner of the South Korean ferry Sewol has received an 18-month suspended jail term for embezzlement. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/casualties/350994/Widow-escapes-jail Thu, 18 Dec 2014 10:10:14 +0000 casualties Ocean Yield sells veteran http://www.tradewindsnews.com/offshore/350991/Ocean-Yield-sells-veteran Norway's Ocean Yield has sold its sole seismic vessel for $8.2m, marking the company's exit from survey operations. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/350991/Ocean-Yield-sells-veteran Thu, 18 Dec 2014 09:57:35 +0000 offshore Fredriksen buys again http://www.tradewindsnews.com/finance/350993/Fredriksen-buys-again John Fredriksen’s private Geveran Trading has snapped up more Golden Ocean bonds in a $10.2m deal. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/350993/Fredriksen-buys-again Thu, 18 Dec 2014 09:46:13 +0000 finance Nordic Yards targets Brazil http://www.tradewindsnews.com/shipsales/350986/Nordic-Yards-targets-Brazil Russian-owned Nordic Yards is planning a new shipyard in Brazil. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/350986/Nordic-Yards-targets-Brazil Thu, 18 Dec 2014 08:01:07 +0000 shipsales Kalborg joins Dorian http://www.tradewindsnews.com/gas/350985/Kalborg-joins-Dorian US-listed Dorian LPG has picked Tufton Oceanic Group founder Ted Kalborg to join its board of directors. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/gas/350985/Kalborg-joins-Dorian Thu, 18 Dec 2014 07:26:47 +0000 gas Kuok adds bulker http://www.tradewindsnews.com/drycargo/350984/Kuok-adds-bulker Robert Kuok's Pacific Carriers has reportedly ordered a second handysize at Shimanami Shipbuilding in Japan. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/drycargo/350984/Kuok-adds-bulker Thu, 18 Dec 2014 07:25:10 +0000 drycargo Titan salvages Smart bow http://www.tradewindsnews.com/casualties/350976/Titan-salvages-Smart-bow Titan Salvage has refloated and scuttled the largest section of a capesize bulker that went aground off South Africa over a year ago. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/casualties/350976/Titan-salvages-Smart-bow Thu, 18 Dec 2014 03:55:48 +0000 casualties TOO seals Brazil contract http://www.tradewindsnews.com/offshore/350967/TOO-seals-Brazil-contract Teekay Offshore Partners (TOO) has secured a contract to supply an FPSO for work in waters off Brazil. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/350967/TOO-seals-Brazil-contract Thu, 18 Dec 2014 00:38:48 +0000 offshore Fafalios faces jail time http://www.tradewindsnews.com/casualties/350966/Fafalios-faces-jail-time The chief engineer of a Greek bulker has been found guilty of oil pollution related offences by a federal jury in New Orleans. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/casualties/350966/Fafalios-faces-jail-time Thu, 18 Dec 2014 00:00:24 +0000 casualties Kirby slashes guidance http://www.tradewindsnews.com/finance/350962/Kirby-slashes-guidance Kirby Corporation made waves on Wall Street Wednesday afternoon after taking a red pen to its fourth-quarter earnings forecast. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/finance/350962/Kirby-slashes-guidance Wed, 17 Dec 2014 21:27:15 +0000 finance Dressed to impress http://www.tradewindsnews.com/tankers/350961/Dressed-to-impress Day rates for VLCCs trading in the spot market are closing in on a high that has not been seen in over five years. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/tankers/350961/Dressed-to-impress Wed, 17 Dec 2014 21:06:32 +0000 tankers SALT flunks taste test http://www.tradewindsnews.com/finance/350955/SALT-flunks-taste-test Shares of Scorpio Bulkers started to lose traction Wednesday after announcing plans to sell up to six newbuilding contracts to Scorpio Tankers. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/finance/350955/SALT-flunks-taste-test Wed, 17 Dec 2014 20:26:00 +0000 finance Zim charts new course http://www.tradewindsnews.com/liner/350954/Zim-charts-new-course Zim is getting ready to embark on a campaign aimed at ensuring its longevity in the wake of a massive financial overhaul. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/liner/350954/Zim-charts-new-course Wed, 17 Dec 2014 19:36:53 +0000 liner TEU takes off http://www.tradewindsnews.com/finance/350953/TEU-takes-off Greek containership owner Box Ships has emerged victorious in a race to shore up its balance sheet by overhauling a series of commercial loans with contentious covenants. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/finance/350953/TEU-takes-off Wed, 17 Dec 2014 18:46:15 +0000 finance Veteran runs aground http://www.tradewindsnews.com/casualties/350949/Veteran-runs-aground A cruise vessel ran aground in the Philippines as it was on its way to be scrapped last Friday. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/casualties/350949/Veteran-runs-aground Wed, 17 Dec 2014 15:53:30 +0000 casualties