RSS for Tradewinds, Tankers

Scorpio hit by write downs

Dale Wainwright — Thu, 23 Feb 2012 04:04:34 GMT

Monaco-based tanker player is the latest owner to take a substantial charge due to declining vessel values.

Scorpio shuffles the pack

Dale Wainwright — Wed, 22 Feb 2012 01:04:17 GMT

Monaco-based tanker owner adds to orderbook, charters in fresh tonnage and confirms three ship disposals.

Vitol revenues set new record

Dale Wainwright — Thu, 23 Feb 2012 02:13:58 GMT

Rising oil prices boost results at giant oil trader and one of the world’s largest charterers of tanker tonnage.

Creditors blast GMR bailout

Aaron Kelley — Wed, 22 Feb 2012 17:12:42 GMT

Peter Georgiopoulos-led tanker owner under fire as lawyers attempt to sink Oaktree-backed reorganisation proposal.

Red river rushes over MISC

Gary Dixon — Wed, 22 Feb 2012 11:56:44 GMT

Malaysian shipping giant hit by $1.22bn swing in nine-month result as imminent boxship exit pushes it to big loss.

CMES closes on VLCCs

Gary Dixon — Wed, 22 Feb 2012 09:51:41 GMT

Chinese group readies $460m share sale to fund 10-ship tanker newbuilding spree.

Tanker search warrant issued

Gary Dixon — Wed, 22 Feb 2012 07:39:13 GMT

Indian police permitted to scour Enrica Lexie for guns allegedly used by military to kill two fishermen.

Cargill courts MR sisters

Aaron Kelley — Tue, 21 Feb 2012 20:34:51 GMT

Greek owner poised to pocket $36m as commodities giant ties up chemical carrier newbuildings for three years, brokers say.

Seypec "financially sound"

Gary Dixon — Tue, 21 Feb 2012 14:48:15 GMT

Indian Ocean tanker owner says it will “forge on” despite racking up losses from tough markets.

Liquidity steals the spotlight

Aaron Kelley — Tue, 21 Feb 2012 17:11:58 GMT

Asset sales and equity exercises increasingly likely for Morten Arntzen-led owner following failed Title XI loan bid, analyst says.

Storm halts tanker salvage

Gary Dixon — Tue, 21 Feb 2012 16:05:24 GMT

Fuel pumping halted off Sakhalin as bad weather moves in around grounded Karakumneft.

Freeze fires GMLP dividend

Andy Pierce — Tue, 21 Feb 2012 15:34:35 GMT

Golar Partners’ profit passes its parent’s in Q4 as vessel dropdown spurs payout.

Golar LNG seeing huge growth

Jason O'Connell — Tue, 21 Feb 2012 09:38:46 GMT

John Frediksen-controlled owner reports soaring profit and expects more to come as reactivated vessels and newbuildings are brought online.

Clean tanker orders to soar

Gary Dixon — Tue, 21 Feb 2012 08:17:02 GMT

Korean analyst expects 120 products carrier newbuildings to be contracted this year.

SPP seals products double

Gary Dixon — Tue, 21 Feb 2012 07:33:20 GMT

Korean yard adds two more 52,000-dwt MR2s to orderbook after clinching Navios trio.

Tanker foursome on the block

Dale Wainwright — Mon, 20 Feb 2012 01:20:11 GMT

Overseas Maritime Carriers is said to be disposing of a series of four modern chemical tankers.

OSG abandons Title XI claim

Dale Wainwright — Mon, 20 Feb 2012 02:56:16 GMT

Troubled tanker owner has withdrawn its bid for state-backed funding after feds give plan the thumbs down.

Court clears aframax discharge

Gary Dixon — Mon, 20 Feb 2012 13:50:18 GMT

Trafigura says London court to retain proceeds from disputed Sudanese oil cargo while claims to ownership are settled.

LPG carrier aground

Gary Dixon — Mon, 20 Feb 2012 12:12:47 GMT

All 16 crew rescued after Thailand’s Oberon gets stuck off Mudou in Taiwan Strait.

Tankerska sell-off continues

Gary Dixon — Mon, 20 Feb 2012 11:15:04 GMT

Croatian owner reportedly offloads another loss-making mid-1990s aframax.