RSS for Tradewinds, Finance

Allied lunges for lifeline

Aaron Kelley — Tue, 15 May 2012 17:38:03 GMT

Dimitris Marinis-backed operator says cash infusion will be the key to avoiding insolvency and restoring tarnished reputation.

Sanko stuck in limbo

Aaron Kelley — Wed, 16 May 2012 17:48:12 GMT

Seized bulker still in custody after Cobelfret helps troubled Japanese operator clear first hurdle in race to lift arrest.

Nam Cheong looking hot

Jason O'Connell — Wed, 16 May 2012 13:12:36 GMT

Investors should be making eyes at Malaysian shipbuilder following “stellar” start, analyst says.

Wilson Sons curbed by costs

Jason O'Connell — Wed, 16 May 2012 15:54:31 GMT

Higher expenses carve into Brazilian diversified owner’s bottom line.

Maersk’s Andersen unhappy

Dale Wainwright — Wed, 16 May 2012 07:21:32 GMT

Danish giant’s first quarter results are largely in line with those of a year ago, but CEO “not satisfied”.

Hyundai Mipo slumps

Jason O'Connell — Wed, 16 May 2012 10:08:30 GMT

Korean shipbuilder falls short of market expectations in the first quarter.

FreeSeas deal to free cash

Jason O'Connell — Wed, 16 May 2012 09:02:21 GMT

Agreement with fund manager will allow Ion Varouxakis-led owner to raise funds via share sales.

Fairstar chokes on poison pill

Andy Pierce — Wed, 16 May 2012 08:35:14 GMT

Oslo-listed owner bats away “low ball” takeover bid and gives Dockwise a dressing down.

Ultrapetrol hit by drought

Jason O'Connell — Wed, 16 May 2012 11:16:39 GMT

Soybeans drain away South American owner’s profit as river levels fall but offshore shows promise.

Northern hit by idle rigs

Dale Wainwright — Wed, 16 May 2012 07:58:02 GMT

John Fredriksen’s other drilling company reports a second quarter loss as it prepares rigs for new charters.

TTA improving, but still losing

Dale Wainwright — Wed, 16 May 2012 06:29:53 GMT

Thai shipowner was firmly in the red in the second quarter, but results were better than Q1 disaster.

Box Ships in profitable start

Dale Wainwright — Wed, 16 May 2012 05:19:32 GMT

Michael Bodouroglou-led containership owner beings 2012 on a positive note with talk of market upturn.

Euroseas sinks to $9m loss

Dale Wainwright — Wed, 16 May 2012 04:19:32 GMT

Aristides Pittas-led bulker and boxship owner dragged down by loss from disposal of feeder vessel.

NewLead bets on bluegrass

Aaron Kelley — Wed, 16 May 2012 00:28:37 GMT

US-listed owner lines up surprise Kentucky thermal coal venture as massive debt load and losses prompt strategy shift.

Allied ices talk of Achilles heel

Aaron Kelley — Tue, 15 May 2012 22:14:59 GMT

Embattled Greek bulker clan's legal eagle says dry downturn wasn’t the root cause of crippling cash squeeze.

Mermaid bags rig extension

Jason O'Connell — Tue, 15 May 2012 15:09:48 GMT

Singapore-listed offshore owner seals $16m deal as it strips back losses.

NWS reduces losses

Gary Dixon — Tue, 15 May 2012 15:13:17 GMT

Russian cargoship owner sees first quarter deficit shrink 31% despite revenue fall.

Farstad better in the first

Andy Pierce — Tue, 15 May 2012 14:41:27 GMT

Norwegian offshore owner puts up improved quarterly figures despite sales losses.

Platou boost for Golar

Andy Pierce — Tue, 15 May 2012 13:39:11 GMT

Falling share price draws an upgrade from analysts at Norwegian finance house.

Fesco profit soars

Gary Dixon — Tue, 15 May 2012 13:41:37 GMT

Russian liner company boosted by one-off gains despite weaker operating result as costs rise.