www.tradewindsnews.com http://www.tradewindsnews.com/ www.tradewindsnews.com VLCC spared scrap heap http://www.tradewindsnews.com/shipsales/347942/VLCC-spared-scrap-heap An Overseas Shipholding Group (OSG) VLCC has been spared a trip to the breakers after finding a trading buyer. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/shipsales/347942/VLCC-spared-scrap-heap Fri, 31 Oct 2014 21:40:03 +0000 shipsales Dillon joins Gibson board http://www.tradewindsnews.com/gas/347939/Dillon-joins-Gibson-board EA Gibson veteran Liam Dillon has joined the board of the London-headquartered shipbroker. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/gas/347939/Dillon-joins-Gibson-board Fri, 31 Oct 2014 16:41:51 +0000 gas Judge fast tracks Nobu case http://www.tradewindsnews.com/drycargo/347936/Judge-fast-tracks-Nobu-case A judgement in a case being brought by Monaco-based shipowner Polys L Haji-Ioannou and his companies against Today Makes Tomorrow chairman Nobu Su and his TMT entities will likely be made known by next week. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/drycargo/347936/Judge-fast-tracks-Nobu-case Fri, 31 Oct 2014 15:51:12 +0000 drycargo Su takes aim at Star Bulk Carriers http://www.tradewindsnews.com/drycargo/347842/Su-takes-aim-at-Star-Bulk-Carriers The masterminds behind the merger between Star Bulk Carriers and Greek compatriot Oceanbulk have emerged as the targets of a class action lawsuit led by Nobu Su. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/drycargo/347842/Su-takes-aim-at-Star-Bulk-Carriers Fri, 31 Oct 2014 15:49:13 +0000 drycargo GSI seals double deal http://www.tradewindsnews.com/finance/347925/GSI-seals-double-deal Guangzhou Shipyard International is set to complete a near $900m double acquisition. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/347925/GSI-seals-double-deal Fri, 31 Oct 2014 15:26:31 +0000 finance Clarity on SOx http://www.tradewindsnews.com/andalso/347933/Clarity-on-SOx 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/347933/Clarity-on-SOx Fri, 31 Oct 2014 15:24:07 +0000 andalso More red for Mercator http://www.tradewindsnews.com/drycargo/347927/More-red-for-Mercator India’s Mercator Lines has seen its quarterly loss jump by 15% for the third quarter ending on 30 September. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/drycargo/347927/More-red-for-Mercator Fri, 31 Oct 2014 15:00:54 +0000 drycargo Miller buys into Paragon http://www.tradewindsnews.com/finance/347917/Miller-buys-into-Paragon US investor Lloyd I. Miller, III has emerged as a major shareholder in Paragon Shipping. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/347917/Miller-buys-into-Paragon Fri, 31 Oct 2014 14:34:19 +0000 finance Sinotrans teams with ER http://www.tradewindsnews.com/shipsales/347922/Sinotrans-teams-with-ER A double capesize sale and purchase deal is just the beginning of a new partnership between Sinotrans and ER Schiffahrt, the German owner says. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/shipsales/347922/Sinotrans-teams-with-ER Fri, 31 Oct 2014 14:17:47 +0000 shipsales SALT to trim chartered fleet http://www.tradewindsnews.com/drycargo/347924/SALT-to-trim-chartered-fleet Scorpio Bulkers expects to cut its exposure to chartered-in vessels as it preps to take delivery of the majority of its order book next year. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/drycargo/347924/SALT-to-trim-chartered-fleet Fri, 31 Oct 2014 12:13:51 +0000 drycargo MES strong in first half http://www.tradewindsnews.com/shipsales/347918/MES-strong-in-first-half New orders and increased sales have boosted Mitsui Engineering and Shipbuilding (MES)’s performance in the first half. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/shipsales/347918/MES-strong-in-first-half Fri, 31 Oct 2014 11:34:55 +0000 shipsales Vale in VLOC sales talks http://www.tradewindsnews.com/drycargo/347799/Vale-in-VLOC-sales-talks Vale has raised the prospect of more Valemax sales to Chinese shipowners. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/drycargo/347799/Vale-in-VLOC-sales-talks Fri, 31 Oct 2014 11:28:43 +0000 drycargo Daiichi reduces loss http://www.tradewindsnews.com/finance/347915/Daiichi-reduces-loss Daiichi Chuo has cut its first half loss prompting a positive revision in its full year forecast. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/347915/Daiichi-reduces-loss Fri, 31 Oct 2014 10:38:17 +0000 finance Bonheur sees red http://www.tradewindsnews.com/finance/347912/Bonheur-sees-red Norway’s Bonheur has seen red ink at the foot of its balance sheet in its third quarter partly due to increased operating expenses. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/finance/347912/Bonheur-sees-red Fri, 31 Oct 2014 10:27:48 +0000 finance NOL deepens 2014 red ink http://www.tradewindsnews.com/liner/347911/NOL-deepens-2014-red-ink Neptune Orient Lines fell back into the red in the third quarter to deepen its running deficit for 2014. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/liner/347911/NOL-deepens-2014-red-ink Fri, 31 Oct 2014 09:59:40 +0000 liner NS United weaker http://www.tradewindsnews.com/drycargo/347909/NS-United-weaker NS United Kaiun Kaisha has seen its first half earnings slip but it remains optimistic for the full year results. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/drycargo/347909/NS-United-weaker Fri, 31 Oct 2014 09:37:14 +0000 drycargo Namura makes more http://www.tradewindsnews.com/shipsales/347905/Namura-makes-more Namura Shipbuilding has pushed up its profit for the first half of the year as revenue marginally grew. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/shipsales/347905/Namura-makes-more Fri, 31 Oct 2014 09:33:54 +0000 shipsales MHI lowers sights http://www.tradewindsnews.com/finance/347910/MHI-lowers-sights Shipbuilder takes down full year forecast despite improved figures at half way. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/347910/MHI-lowers-sights Fri, 31 Oct 2014 09:24:29 +0000 finance UK repairer eyes Norway http://www.tradewindsnews.com/offshore/347899/UK-repairer-eyes-Norway The UK’s Cammell Laird has signed a new agency agreement aimed at ramping up the company’s profile in Scandinavia. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/347899/UK-repairer-eyes-Norway Fri, 31 Oct 2014 07:40:47 +0000 offshore Efficiencies aid K Line http://www.tradewindsnews.com/liner/347894/Efficiencies-aid-K-Line K Line has been able to exceed its interim profit forecasts from the summer and last year’s results by a substantial manner. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/liner/347894/Efficiencies-aid-K-Line Fri, 31 Oct 2014 07:10:54 +0000 liner MOL profit down 45% http://www.tradewindsnews.com/liner/347871/MOL-profit-down-45 Mitsui OSK Lines (MOL) has performed the worst out of Japan’s top three shipowners, figures released Friday show. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/liner/347871/MOL-profit-down-45 Fri, 31 Oct 2014 06:13:28 +0000 liner Better than expected http://www.tradewindsnews.com/liner/347852/Better-than-expected NYK has reported an interim profit largely unchanged from a year ago, but much improved on its forecasts made in the summer. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/liner/347852/Better-than-expected Fri, 31 Oct 2014 04:01:46 +0000 liner CHO makes weak start http://www.tradewindsnews.com/offshore/347834/CHO-makes-weak-start CH Offshore has reported a near 25% decline in its first quarter net profit, figures released by the shipowner show. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/347834/CHO-makes-weak-start Fri, 31 Oct 2014 02:49:20 +0000 offshore Asia growth lifts Jaxport http://www.tradewindsnews.com/liner/347827/Asia-growth-lifts-Jaxport The US port of Jacksonville (Jaxport) has reported a 20% year-on-year growth in container volumes from Asia. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/liner/347827/Asia-growth-lifts-Jaxport Fri, 31 Oct 2014 01:07:48 +0000 liner Exmar believes in VLGCs http://www.tradewindsnews.com/gas/347824/Exmar-believes-in-VLGCs Forecasters at DNB Markets may have been rattled by turbulence in the very large gas carrier (VLGC) space but it appears that owners don’t share the same fears about the future. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/gas/347824/Exmar-believes-in-VLGCs Thu, 30 Oct 2014 23:15:58 +0000 gas Star Bulk’s next quest http://www.tradewindsnews.com/shipsales/347815/Star-Bulk’s-next-quest Star Bulk Carriers is preparing to pursue a bond offering but it’s unclear how the company will spend the proceeds if the fundraiser is a success. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/shipsales/347815/Star-Bulk’s-next-quest Thu, 30 Oct 2014 21:00:07 +0000 shipsales Star Bulk oils bond press http://www.tradewindsnews.com/finance/347810/Star-Bulk-oils-bond-press Star Bulk Carriers of Greece has joined the growing list of operators that are turning to the bond market for cash to fund expansion and other iniatives. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/finance/347810/Star-Bulk-oils-bond-press Thu, 30 Oct 2014 19:54:12 +0000 finance Cahill leaves Carnival http://www.tradewindsnews.com/liner/347809/Cahill-leaves-Carnival The chief executive of Carnival Cruise Lines is getting ready to hang up his hat following a tour of duty that lasted two decades. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/liner/347809/Cahill-leaves-Carnival Thu, 30 Oct 2014 18:31:52 +0000 liner GLOP poised to pounce http://www.tradewindsnews.com/gas/347807/GLOP-poised-to-pounce GasLog Partners of Monaco plans to expand its fleet of LNG carriers in the months ahead following a profitable third quarter, management said Thursday. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/gas/347807/GLOP-poised-to-pounce Thu, 30 Oct 2014 17:59:44 +0000 gas NCL profit rises http://www.tradewindsnews.com/liner/347805/NCL-profit-rises Norwegian Cruise Line has recorded its 25th consecutive quarter of growth in core operating profit. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/liner/347805/NCL-profit-rises Thu, 30 Oct 2014 16:49:46 +0000 liner GMS secures contract http://www.tradewindsnews.com/offshore/347804/GMS-secures-contract Gulf Marine Services (GMS) has secured a four-year contract for one of its large vessels, including options. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/347804/GMS-secures-contract Thu, 30 Oct 2014 16:01:01 +0000 offshore Austal’s record year http://www.tradewindsnews.com/finance/347797/Austal’s-record-year Australian shipbuilder Austal has booked a record revenue for its 2014 financial year as a result of its diversified operations internationally. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/finance/347797/Austal’s-record-year Thu, 30 Oct 2014 15:46:49 +0000 finance GSL profit slides http://www.tradewindsnews.com/liner/347794/GSL-profit-slides New York-listed boxship owner Global Ship Lease (GSL) has seen profit slip in the third quarter, but it will earn more from its new vessel. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/347794/GSL-profit-slides Thu, 30 Oct 2014 15:38:17 +0000 liner Lauritzen confirms capesize sale http://www.tradewindsnews.com/shipsales/347802/Lauritzen-confirms-capesize-sale Lauritzen Bulkers of Denmark has confirmed the sale of one of its capesize bulkers hit by a charter default when STX Pan Ocean ran into trouble. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/shipsales/347802/Lauritzen-confirms-capesize-sale Thu, 30 Oct 2014 15:21:36 +0000 shipsales CMA CGM optimises fleet http://www.tradewindsnews.com/liner/347796/CMA-CGM-optimises-fleet France’s CMA CGM has retrofitted the bulbous bows of ten of its vessels, bringing the total number of optimised units to 25. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/liner/347796/CMA-CGM-optimises-fleet Thu, 30 Oct 2014 14:53:52 +0000 liner Western Bulk in Bunge hire http://www.tradewindsnews.com/drycargo/347800/Western-Bulk-in-Bunge-hire Western Bulk has hired David Swindoll from Bunge as the Oslo-listed owner looks to return to its roots with an increased focus on short and medium term deals. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/drycargo/347800/Western-Bulk-in-Bunge-hire Thu, 30 Oct 2014 14:53:03 +0000 drycargo Kirby stronger in Q3 http://www.tradewindsnews.com/tankers/347787/Kirby-stronger-in-Q3 Kirby Corp has clocked up a bigger third quarter profit and has raised its sights for full year earnings. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/tankers/347787/Kirby-stronger-in-Q3 Thu, 30 Oct 2014 13:57:37 +0000 tankers AMSC profitable again http://www.tradewindsnews.com/tankers/347784/AMSC-profitable-again American Shipping Company (AMSC) has pushed up its third quarter profit thanks to a strong Jones Act tanker market. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/tankers/347784/AMSC-profitable-again Thu, 30 Oct 2014 13:38:38 +0000 tankers China Cosco back to black http://www.tradewindsnews.com/finance/347792/China-Cosco-back-to-black China Cosco Holdings returned to profit in the third quarter but it was not enough to completely erase losses earlier in the year. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/347792/China-Cosco-back-to-black Thu, 30 Oct 2014 13:34:51 +0000 finance Asphalt seven freed http://www.tradewindsnews.com/piracy/347788/Asphalt-seven-freed Seven Indian seafarers have been released by Somali pirates more than four years after their vessel was hijacked. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/piracy/347788/Asphalt-seven-freed Thu, 30 Oct 2014 12:49:55 +0000 piracy Strike two for FSL http://www.tradewindsnews.com/finance/347790/Strike-two-for-FSL Singapore’s First Ship Lease today posted a second successive quarterly profit as its turnaround continues under the leadership of Alan Hatton. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/finance/347790/Strike-two-for-FSL Thu, 30 Oct 2014 12:47:38 +0000 finance NAO stays positive http://www.tradewindsnews.com/tankers/347786/NAO-stays-positive Nordic American Offshore has booked a profit in the third quarter and presented a positive read of the PSV market. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/tankers/347786/NAO-stays-positive Thu, 30 Oct 2014 12:12:13 +0000 tankers RABT improves http://www.tradewindsnews.com/liner/347778/RABT-improves Rederi AB Transatlantic (RABT) has performed better in the third quarter by booking a higher profit, but it said the result “is still not at a satisfactory level”. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/liner/347778/RABT-improves Thu, 30 Oct 2014 12:06:34 +0000 liner CSCL back in black http://www.tradewindsnews.com/liner/347785/CSCL-back-in-black Chinese container line CSCL has returned to profit in the third quarter thanks to lower costs. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/347785/CSCL-back-in-black Thu, 30 Oct 2014 12:01:21 +0000 liner Sinotrans swoops for capes http://www.tradewindsnews.com/shipsales/347783/Sinotrans-swoops-for-capes Hong Kong-listed owner paying $98.5m for two modern bulkers from ER Schiffahrt of Germany. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/347783/Sinotrans-swoops-for-capes Thu, 30 Oct 2014 11:28:40 +0000 shipsales Hanjin turns it around http://www.tradewindsnews.com/liner/347766/Hanjin-turns-it-around Korea’s Hanjin Shipping has made a quarterly profit for the first time in nearly four years. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/347766/Hanjin-turns-it-around Thu, 30 Oct 2014 11:02:24 +0000 liner Azuma builds up profit http://www.tradewindsnews.com/drycargo/347769/Azuma-builds-up-profit Japan’s Azuma Shipping has logged an improved first half profit on marginally increased revenue. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/drycargo/347769/Azuma-builds-up-profit Thu, 30 Oct 2014 10:37:39 +0000 drycargo DNB downs VLGC sector http://www.tradewindsnews.com/tankers/347765/DNB-downs-VLGC-sector A declining oil price has led DNB Markets to downgrade its view of the VLGC sector and urge investors to look to crude tankers instead. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/tankers/347765/DNB-downs-VLGC-sector Thu, 30 Oct 2014 10:26:12 +0000 tankers Less for Capital http://www.tradewindsnews.com/tankers/347758/Less-for-Capital Capital Product Partners has seen its third quarter profit slip amid higher costs as a result of its expanded fleet. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/tankers/347758/Less-for-Capital Thu, 30 Oct 2014 10:04:57 +0000 tankers Italian yards team up http://www.tradewindsnews.com/shipsales/347760/Italian-yards-team-up Italian shipbuilders Fincantieri and Vittoria are cooperating on cargoship and naval projects in a new deal. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/347760/Italian-yards-team-up Thu, 30 Oct 2014 09:47:22 +0000 shipsales Mipo in the red http://www.tradewindsnews.com/shipsales/347759/Mipo-in-the-red Hyundai Mipo Dockyard has posted a bigger loss for the third quarter as revenue edged down. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/347759/Mipo-in-the-red Thu, 30 Oct 2014 09:28:33 +0000 shipsales Western Bulk in the red http://www.tradewindsnews.com/drycargo/347749/Western-Bulk-in-the-red Western Bulk slipped further into the red than anticipated in the third quarter in a result that has prompted a strategy shift at the company. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/drycargo/347749/Western-Bulk-in-the-red Thu, 30 Oct 2014 09:27:07 +0000 drycargo HHI posts huge loss http://www.tradewindsnews.com/finance/347750/HHI-posts-huge-loss Hyundai Heavy Industries (HHI) has posted a massive loss of KRW 1.46 trillion ($1.38bn) in the third quarter. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/347750/HHI-posts-huge-loss Thu, 30 Oct 2014 09:01:28 +0000 finance Rindbo to take Norden reins http://www.tradewindsnews.com/drycargo/347757/Rindbo-to-take-Norden-reins Norden has plucked its new chief executive from the upper ranks of Pacific Basin Shipping. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/drycargo/347757/Rindbo-to-take-Norden-reins Thu, 30 Oct 2014 08:58:26 +0000 drycargo DSME wins giant boxships http://www.tradewindsnews.com/liner/347645/DSME-wins-giant-boxships South Korea’s DSME has scooped another order for a series of huge containerships worth KRW 490.1bn ($464.6m). gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/liner/347645/DSME-wins-giant-boxships Thu, 30 Oct 2014 08:21:29 +0000 liner Pang goes shopping http://www.tradewindsnews.com/offshore/347626/Pang-goes-shopping Pang Yoke Min has taken advantage of the recent sell-off in offshore stocks to increase his holdings in two companies. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/347626/Pang-goes-shopping Thu, 30 Oct 2014 05:41:54 +0000 offshore PACD secures new facility http://www.tradewindsnews.com/offshore/347618/PACD-secures-new-facility Pacific Drilling has confirmed the signing of a revolving credit facility with an aggregate principal amount of up to $500m. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/347618/PACD-secures-new-facility Thu, 30 Oct 2014 04:26:06 +0000 offshore Kawasaki reports loss http://www.tradewindsnews.com/shipsales/347617/Kawasaki-reports-loss Kawasaki Heavy Industries’ shipbuilding arm has booked an operating loss of JPY 700m ($6.4m) for the second quarter. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/shipsales/347617/Kawasaki-reports-loss Thu, 30 Oct 2014 04:01:46 +0000 shipsales Disposal boosts Logindo http://www.tradewindsnews.com/offshore/347616/Disposal-boosts-Logindo Logindo Samudramakmur has seen its third quarter profit increase by 29% thanks to the sale of a harbour tug. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/347616/Disposal-boosts-Logindo Thu, 30 Oct 2014 01:05:43 +0000 offshore Danaos reports improved Q3 http://www.tradewindsnews.com/liner/347615/Danaos-reports-improved-Q3 Danaos Corp has booked a 34% increase in adjusted net income, in third quarter figures released after the market closed. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/liner/347615/Danaos-reports-improved-Q3 Thu, 30 Oct 2014 00:24:02 +0000 liner DRYS seals shares sale http://www.tradewindsnews.com/finance/347612/DRYS-seals-shares-sale DryShips of Greece has raked in nearly $335m from its latest trip to the capital markets. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/finance/347612/DRYS-seals-shares-sale Wed, 29 Oct 2014 21:50:51 +0000 finance Top Ships lands loan http://www.tradewindsnews.com/finance/347610/Top-Ships-lands-loan Greek operator Top Ships has secured financing for a pair of product tankers that are under construction in Vietnam. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/finance/347610/Top-Ships-lands-loan Wed, 29 Oct 2014 21:22:09 +0000 finance Hope for Hovensa http://www.tradewindsnews.com/tankers/347609/Hope-for-Hovensa Forecasters who track the tanker market were reeling this week in the wake of reports that Hess and PDVSA have lined up a buyer for a refinery that has been closed since 2012. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/tankers/347609/Hope-for-Hovensa Wed, 29 Oct 2014 21:05:06 +0000 tankers Grupo TMM plots expansion http://www.tradewindsnews.com/shipsales/347606/Grupo-TMM-plots-expansion A diversified Mexican operator is gearing up for a campaign to expand its fleet of anchor-handlers and floating production, storage and offloading units (FPSOs). aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/shipsales/347606/Grupo-TMM-plots-expansion Wed, 29 Oct 2014 18:23:18 +0000 shipsales End in sight for SALT http://www.tradewindsnews.com/finance/347604/End-in-sight-for-SALT Scorpio Bulkers appears to be closing in on the final leg of a race to finance the rest of its newbuilding programme. aaron.kelley@tradewindsnews.com (Aaron Kelley) http://www.tradewindsnews.com/finance/347604/End-in-sight-for-SALT Wed, 29 Oct 2014 16:47:54 +0000 finance CSDC returns to profit http://www.tradewindsnews.com/tankers/347586/CSDC-returns-to-profit China Shipping Development Co (CSDC) has returned to profit for the third quarter despite increased financial expenses. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/tankers/347586/CSDC-returns-to-profit Wed, 29 Oct 2014 16:14:03 +0000 tankers Damen seals FCS deal http://www.tradewindsnews.com/shipsales/347599/Damen-seals-FCS-deal Naviera Integral of Mexico has returned to Dutch yard Damen for two more fast crew supply (FCS) vessels. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/347599/Damen-seals-FCS-deal Wed, 29 Oct 2014 15:53:03 +0000 shipsales Rongsheng raising $416m http://www.tradewindsnews.com/finance/347603/Rongsheng-raising-416m Loss-making Chinese shipyard group Rongsheng has secured a cash injection worth up to $416.5m as it seeks to change its name. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/347603/Rongsheng-raising-416m Wed, 29 Oct 2014 15:13:35 +0000 finance Plumbe backs VLCC giant http://www.tradewindsnews.com/tankers/347600/Plumbe-backs-VLCC-giant Johnny Plumbe has offered his support to the creation of a VLCC spot market giant via the union of Frontline and Tankers International. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/tankers/347600/Plumbe-backs-VLCC-giant Wed, 29 Oct 2014 14:16:53 +0000 tankers Braemar's offshore ambition http://www.tradewindsnews.com/offshore/347595/Braemars-offshore-ambition Braemar ACM has an eye on expending its offshore business, two of its leading executives say. andy.pierce@tradewindsnews.com (Andy Pierce) http://www.tradewindsnews.com/offshore/347595/Braemars-offshore-ambition Wed, 29 Oct 2014 14:03:23 +0000 offshore Milaha pushes up profit http://www.tradewindsnews.com/finance/347584/Milaha-pushes-up-profit Qatar Navigation (Milaha) has recorded an improved performance during the first nine months of 2014, figures released today show. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/finance/347584/Milaha-pushes-up-profit Wed, 29 Oct 2014 13:41:06 +0000 finance Breakwater teams with fund http://www.tradewindsnews.com/finance/347592/Breakwater-teams-with-fund Maritime finance company Breakwater Capital is hooking up with lending fund Hayfin Capital Management to offer loans to the shipping sector. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/347592/Breakwater-teams-with-fund Wed, 29 Oct 2014 13:14:16 +0000 finance Wee jailed for fraud http://www.tradewindsnews.com/finance/347576/Wee-jailed-for-fraud Sembcorp Marine's former group finance director Wee Sing Guan has been jailed in Singapore for fraud. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/347576/Wee-jailed-for-fraud Wed, 29 Oct 2014 12:10:18 +0000 finance Soechi targets $169m IPO http://www.tradewindsnews.com/finance/347562/Soechi-targets-169m-IPO Indonesian tanker owner Soechi Lines is targeting fleet expansion as it lines up a November IPO in Jakarta. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/347562/Soechi-targets-169m-IPO Wed, 29 Oct 2014 11:54:53 +0000 finance OSV deal for Wartsila http://www.tradewindsnews.com/offshore/347565/OSV-deal-for-Wartsila Finnish ship power group Wartsila has been awarded a contract for propulsion systems and ship design of two offshore support vessels under construction in Sri Lanka. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/347565/OSV-deal-for-Wartsila Wed, 29 Oct 2014 11:46:44 +0000 offshore Perdana sells vessel http://www.tradewindsnews.com/offshore/347557/Perdana-sells-vessel Perdana Petroleum Berhad has continued its fleet renewal programme by selling one of its offshore support vessels to Hauston Limited. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/347557/Perdana-sells-vessel Wed, 29 Oct 2014 11:21:12 +0000 offshore Samsung splashing cash http://www.tradewindsnews.com/finance/347560/Samsung-splashing-cash Korea’s Samsung Heavy Industries (SHI) has seen its stock price jump as it said it would buy back its own shares. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/347560/Samsung-splashing-cash Wed, 29 Oct 2014 10:44:06 +0000 finance PNSC profit slips http://www.tradewindsnews.com/drycargo/347554/PNSC-profit-slips Pakistan National Shipping Corp (PNSC) has made a weaker start to the first quarter of the year as it posted lower earnings. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/drycargo/347554/PNSC-profit-slips Wed, 29 Oct 2014 10:15:30 +0000 drycargo DSME books LNG double http://www.tradewindsnews.com/shipsales/347550/DSME-books-LNG-double DSME of Korea has revealed a new order for two LNG carriers worth KRW 428.6bn ($409m). gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/347550/DSME-books-LNG-double Wed, 29 Oct 2014 10:10:55 +0000 shipsales Yanez to stay in jail http://www.tradewindsnews.com/offshore/347551/Yanez-to-stay-in-jail Oceanografia’s chief executive must stay in jail, a Mexican court ruled on Tuesday. n_roumpis@nhst.no (Nikolaos Roumpis) http://www.tradewindsnews.com/offshore/347551/Yanez-to-stay-in-jail Wed, 29 Oct 2014 09:51:24 +0000 offshore Hegnar taking over http://www.tradewindsnews.com/finance/347547/Hegnar-taking-over Hurtigruten’s media mogul chairman Trygve Hegnar has launched a bid for the ferry and cruiseship company that values it at NOK 2.94bn ($441.7m). gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/finance/347547/Hegnar-taking-over Wed, 29 Oct 2014 09:33:06 +0000 finance Dubai takes first Q-Max http://www.tradewindsnews.com/gas/347549/Dubai-takes-first-Q-Max Dubai’s floating storage and regasification unit (FSRU) has taken delivery of a part-cargo of LNG from the first Q-Max vessel to call at the Jebel Ali terminal. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/gas/347549/Dubai-takes-first-Q-Max Wed, 29 Oct 2014 08:54:46 +0000 gas Scorpio aims for $45m http://www.tradewindsnews.com/tankers/347548/Scorpio-aims-for-45m New York-listed Scorpio Tankers has revealed it is hoping to raise at least $45m from a notes issue that could see it target new ship purchases. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/tankers/347548/Scorpio-aims-for-45m Wed, 29 Oct 2014 08:43:48 +0000 tankers Braemar slips into the red http://www.tradewindsnews.com/shipsales/347546/Braemar-slips-into-the-red UK shipbroker Braemar Shipping Services has fallen to a small loss in its first half, partly due to the costs of merging with compatriot ACM Shipping. gary.dixon@tradewindsnews.com (Gary Dixon) http://www.tradewindsnews.com/shipsales/347546/Braemar-slips-into-the-red Wed, 29 Oct 2014 08:11:58 +0000 shipsales RR wins Wayfarer deal http://www.tradewindsnews.com/offshore/347540/RR-wins-Wayfarer-deal Rolls-Royce has signed a major contract to supply a complete module handling system for a subsea construction vessel. dale.wainwright@tradewindsnews.com (Dale Wainwright) http://www.tradewindsnews.com/offshore/347540/RR-wins-Wayfarer-deal Wed, 29 Oct 2014 06:30:09 +0000 offshore