RSS for Tradewinds, Tankers

Novoship trial finally begins

Gary Dixon — Wed, 16 May 2012 14:06:15 GMT

Russian tanker owner’s $135m corruption case against former UK boss Vladimir Mikhaylyuk opens without main defendant, who is ill.

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.

Torm takes another hit

Gary Dixon — Tue, 15 May 2012 09:06:56 GMT

Danish owner confirms disposal of 50% stake in LR1 Torm Ugland for $5m loss.

Norden red but ahead in Q1

Andy Pierce — Tue, 15 May 2012 07:58:10 GMT

Danish owner sees bottom line change colour thanks to a huge impairment, but its adjusted figures beat forecasts.

Titan nears tipping point

Aaron Kelley — Mon, 14 May 2012 20:08:30 GMT

Cash-strapped owner in dire straits as it sheds ageing product tankers while Grand China drama continues unresolved.

Chevron signs up Tohoku

Dale Wainwright — Tue, 15 May 2012 05:42:08 GMT

Japanese power company latest to sign up for Wheatstone LNG export facility in Western Australia.

Pacific Glory gets refloated

Dale Wainwright — Tue, 15 May 2012 03:26:20 GMT

Sinokor Merchant Marine’s VLCC resumes voyage following grounding off Malaysian coast last week.

Analysts line Capital catwalk

Aaron Kelley — Mon, 14 May 2012 16:49:06 GMT

Terms of nine-digit fundraising exercise met by mixed reviews on Wall Street but most agree payout preservation is positive.

CPP seals debt deal

Gary Dixon — Mon, 14 May 2012 12:54:34 GMT

Evangelos Marinakis-led tanker owner pushes back interest payments as it sells $140m of convertible units.

Uncertainty fuels cut at VLCCF

Aaron Kelley — Fri, 11 May 2012 14:58:52 GMT

Knightsbridge Tankers takes scissors to quarterly payout for the first time since 2008 as counterparty risk mounts.

Solvang better in first

Gary Dixon — Fri, 11 May 2012 09:39:46 GMT

Norwegian LPG carrier company boosted by higher revenue and financial gains to 31 March.

China cargo volumes weaken

Dale Wainwright — Fri, 11 May 2012 02:07:22 GMT

World’s largest importer sees demand for iron ore and crude ease, but soya bean cargoes see a rebound.

GDF Suez signs for US LNG

Dale Wainwright — Fri, 11 May 2012 00:17:34 GMT

French utility giant latest to sign up for Sempra Energy’s Cameron LNG export facility in Louisiana.

Dynacom tanker hijacked

Aaron Kelley — Thu, 10 May 2012 16:28:52 GMT

Journey from Port Said ends prematurely as gun-toting assailants seize Greek suezmax Smyrni.

Bank owners welcomed

Andy Pierce — Thu, 10 May 2012 15:40:36 GMT

Torm boss is happy to have lenders as shareholders as giant restructuring remains on track.

Machado to leave Transpetro?

Jason O'Connell — Thu, 10 May 2012 14:08:42 GMT

Speculation mounts that Brazilian tanker owner CEO’s nine-year tenure could be about to draw to a close.

Lenders back Genmar

Gary Dixon — Thu, 10 May 2012 08:37:45 GMT

New York bankruptcy court approves restructuring after banks vote unanimously for debt-cutting deal.

Red ink runs deeper at Torm

Andy Pierce — Thu, 10 May 2012 08:07:59 GMT

Restructuring costs and loss-making sales hurt Danish owner in Q1 as the question about its future lingers.

ShinaSB lines up MRs

Gary Dixon — Thu, 10 May 2012 06:32:32 GMT

South Korean yard signs letter of intent with European owner for up to six products carriers.

Tankerska bounces back

Gary Dixon — Wed, 09 May 2012 15:04:22 GMT

Croatian tanker player returns to profit in first quarter after shedding loss-making aframaxes.