RSS for TradeWinds

Genco tip bears fruit

Aaron Kelley — Wed, 22 Feb 2012 23:42:09 GMT

Dahlman prophecy on point as US-listed bulker owner turns to capital markets for cash to cut loan repayments.

Allied fuel dispute ignites

Aaron Kelley — Wed, 22 Feb 2012 22:31:15 GMT

Globus Maritime forced to pay Dimitris Marinis-controlled charterer’s overdue bunker bills following supramax seizure.

Sterne guru survives the cut

Aaron Kelley — Wed, 22 Feb 2012 19:53:56 GMT

New York shipping sage shifts gears as another US investment bank torpedoes coverage of stocks tied to troubled sectors.

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.

ADM inks alliance

Aaron Kelley — Wed, 22 Feb 2012 16:00:28 GMT

US agricultural titan teams up with Wilmar International in a bid to enhance purchasing power and improve fleet management.

NOL to swing the axe

Andy Pierce — Wed, 22 Feb 2012 15:03:09 GMT

Massive cost cuts on the way following Singapore-listed containership owner’s deepest ever quarterly reversal.

Genco tipped for funding run

Andy Pierce — Wed, 22 Feb 2012 12:09:42 GMT

New York-listed bulker owner could look for $50m equity issue to help with loan repayments, analyst says.

Sevan Marine chops deficit

Jason O'Connell — Wed, 22 Feb 2012 12:05:07 GMT

Oslo-listed FPSO company posts better numbers in the final period as it nears the end of financial overhall.

Fain sells RCCL stock

Andy Pierce — Wed, 22 Feb 2012 11:15:51 GMT

CEO offloads $2m worth of shares in cruiseship owner to help pay a tax bill.

Ezion bags another

Jason O'Connell — Wed, 22 Feb 2012 09:54:14 GMT

Singapore-listed owner secures a service rig deal worth over $100m as it announces a successful year.

Jefferies boosts Pac Basin

Andy Pierce — Wed, 22 Feb 2012 09:33:44 GMT

Hong Kong-listed owner handed a buy tag amid expectations its bulkers will turn a profit in a terrible market.

Precious picks up a Princess

Andy Pierce — Wed, 22 Feb 2012 08:51:26 GMT

Khalid Hashim-led owner buys its second bulker from Goodearth in as many months.

Genco dodges deficit

Aaron Kelley — Wed, 22 Feb 2012 00:15:13 GMT

Peter Georgiopoulos-backed bulker owner beats Wall Street bets after squeezing out modest quarterly profit.

Danaos sheds the red

Aaron Kelley — Tue, 21 Feb 2012 22:08:14 GMT

New York-quoted containership owner’s quarterly profit overshadowed by chief executive’s grim market forecast.

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.

BBC campaign continues

Aaron Kelley — Tue, 21 Feb 2012 19:20:41 GMT

Turmoil in the heavylift market fails to derail German giant’s expansion crusade as it unveils another freshly minted loop.

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.

Greek newbuilds find a home

Andy Pierce — Tue, 21 Feb 2012 16:05:59 GMT

Carras Hellas and Target Marine bag period deals with big-name charters for freshly arrived panamaxes.

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.

Yards running on half a tank

Andy Pierce — Tue, 21 Feb 2012 13:21:01 GMT

Newbuilding orders reached only 50% of global capacity in 2011 despite prices dropping by a tenth, RS Platou says.

Pirates capture ro-ro

Andy Pierce — Tue, 21 Feb 2012 12:04:01 GMT

UAE-owned vessel snatched off Oman amid claims it could be exploited as a mothership.

MMHE profit slumps

Jason O'Connell — Tue, 21 Feb 2012 11:11:01 GMT

Kuala Lumpur-listed shipbuilder’s fourth quarter earnings drops as it stops recognising Turkmenistan income.

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.

Dongfang clears the clouds

Andy Pierce — Mon, 20 Feb 2012 15:36:44 GMT

AIM-listed yard says reports of owner’s run away and production shutdowns are wide of the mark.

Classic paid to take a cape

Andy Pierce — Mon, 20 Feb 2012 15:03:05 GMT

Swiss Marine’s decision to pay charterer $10,000 to fix a capesize is a decent deal, Peter Weernink says.

Sneaky seven for Yangzijiang

Andy Pierce — Mon, 20 Feb 2012 12:04:45 GMT

Singapore-listed yard quietly books contracts for mixed bulker septet worth over $200m.

Not illegal but illegitimate

Jim Mulrenan — Mon, 20 Feb 2012 11:43:58 GMT

Progress Bulk Carriers fails to overturn an arbitration that found them liable for misleading behaviour.

Sanko selling a couple more

Andy Pierce — Mon, 20 Feb 2012 11:09:16 GMT

Japanese owner tipped to have placed a for sale board on two bulkers.

NOCC gets cash in the bag

Andy Pierce — Mon, 20 Feb 2012 10:18:00 GMT

Tom Erik Klaveness and Wilh Wilhelmsen the main contributors as Oslo-listed owner pockets a dash over $20m.

Maersk cull aids Asian lines

Andy Pierce — Mon, 20 Feb 2012 08:59:56 GMT

Capacity cuts provide a thrust for some of the largest owners in the Asia Europe trade.

Dahlman abandons FREE

Aaron Kelley — Sat, 18 Feb 2012 21:58:16 GMT

Remarkable surge in trading volume and share price fail to save Nasdaq-listed bulker owner from analyst’s axe.

Torm secures extension

Aaron Kelley — Fri, 17 Feb 2012 20:35:05 GMT

Banks bless cash-strapped Danish owner’s request to postopone expiration of financial waivers by two weeks.

Hope on the horizon

Aaron Kelley — Fri, 17 Feb 2012 19:50:47 GMT

Deutsche Bank says Maersk’s capacity cut may lift rates on key trade lane but redeployment remains a concern.

Crash closes Mississippi

Aaron Kelley — Fri, 17 Feb 2012 18:07:01 GMT

US Coast Guard springs into action as tug and barge collision leads to oil spill near New Orleans.

SFI trims dividend

Fri, 17 Feb 2012 17:12:03 GMT

John Fredriksen-backed owner ready to exploit declining asset prices as reduced payout preserves healthy cash reserves.

Topaz talks turkey

Andy Pierce — Fri, 17 Feb 2012 16:53:13 GMT

Newbuildings, second hand buys, listings and takeovers on the agenda at offshore firm, Donaldson says.

Maersk drops lay-up stance

Andy Pierce — Fri, 17 Feb 2012 12:21:21 GMT

World’s largest containership owner changes its tune as it reveals sweeping cuts to its Asia Europe capacity.

"Real gold probably safer"

Andy Pierce — Fri, 17 Feb 2012 11:39:07 GMT

RS Platou Markets analysts place a sell tag on Oslo-listed bulker owner despite Q4 success.

ITC finishes in the red

Andy Pierce — Fri, 17 Feb 2012 10:48:54 GMT

Frontline spin-off hurt by rising costs as it slips to a loss in the fourth quarter.

Messy quarter for Frontline

Andy Pierce — Fri, 17 Feb 2012 08:43:17 GMT

Major restructuring costs drag John Fredriksen’s Frontline deep into the red in Q4, but market had feared for worse.

PRGN pummelled in the fourth

Aaron Kelley — Fri, 17 Feb 2012 00:03:08 GMT

New York-listed bulker owner takes a hit as vessel values force staggering fourth-quarter deficit.

Globus left high and dry

Aaron Kelley — Thu, 16 Feb 2012 23:10:12 GMT

Nasdaq-quoted bulker owner cries foul as Dimitris Marinis-backed charterer redelivers supramax without fuel.

Pdvsa sails to Syria

Aaron Kelley — Thu, 16 Feb 2012 21:47:16 GMT

Venezuelan oil giant risks political backlash as product carrier nears shores of war-torn Syria.

Cruise safety in IMO sights

Adam Corbett — Thu, 16 Feb 2012 18:26:22 GMT

Koji Sekimizu plans new international initiative after Costa Concordia tragedy.

Scorpio eyes replacements

Thu, 16 Feb 2012 18:00:17 GMT

US-quoted owner lining up order and chartered-in tonnage as it prepares to part ways with products carriers, sources say.

Wells lifts TNK to 'outperform'

Aaron Kelley — Thu, 16 Feb 2012 16:31:25 GMT

Analyst urges clients to snap up shares of Teekay Tankers in anticipation of ‘transformative’ acquisition transaction.

Pre-crash rates in sight

Andy Pierce — Thu, 16 Feb 2012 16:21:38 GMT

DVB predicts earnings of $1m per month could be touched in 2013 as VLGCs lead LPG recovery.

HMM joins Grand China bout

Aaron Kelley — Thu, 16 Feb 2012 15:32:23 GMT

Hyundai Merchant asks US judge to freeze embattled Asian bulker operator’s Alabama assets as it chases $20m claim.

Lemos stalwart Lyristis dies

Andy Pierce — Thu, 16 Feb 2012 15:25:38 GMT

Sixty-year veteran of London-Greek owner died last night, the company says.

Frangou adds MR2 trio

Andy Pierce — Thu, 16 Feb 2012 14:43:30 GMT

Angeliki Frangou-led Navios Acquisition chalks up three products tanker newbuildings in South Korea.

Get serious on scrap front

Andy Pierce — Thu, 16 Feb 2012 12:11:24 GMT

Tanker market malaise requires owners to follow the Japanese example, Arctic says.

Strong finish from Hornbeck

Andy Pierce — Thu, 16 Feb 2012 11:32:34 GMT

New York-listed owner tops the street in Q4 to end loss-making year on a high.

Tanker in death drama

Andy Pierce — Thu, 16 Feb 2012 10:47:51 GMT

Two Indian fishermen shot after armed guards on Italian ship mistook them for pirates.

Solvtrans nets a profit

Andy Pierce — Thu, 16 Feb 2012 10:05:24 GMT

Fish carrier owner sees its bottom line drift from red to black in the final three months of 2011.

Big John cools KLC battle

Andy Pierce — Thu, 16 Feb 2012 09:42:45 GMT

John Fredriksen’s Golden Ocean reaches truce with Korea Line in long-running charter dispute.

Sibling scars Golden Ocean

Andy Pierce — Thu, 16 Feb 2012 09:19:06 GMT

Writedown on Knightsbridge shares and loan payments hurt bulker owner’s fourth quarter figures but a shopping spree could be on the cards.

Torm expects more time

Andy Pierce — Thu, 16 Feb 2012 08:34:42 GMT

Another stop-gap solution should be signed while more concrete survival plan is drawn up, Danish owner says.

Helix readies order

Aaron Kelley — Thu, 16 Feb 2012 04:18:12 GMT

New York-listed subsea contractor poised to pen newbuilding as well intervention market heats up, CEO says.

Chembulk calls in big guns

Aaron Kelley — Wed, 15 Feb 2012 20:38:21 GMT

Battle brewing in Connecticut as CEO of Berlian Laju tanker wing leads counterattack against creditor’s $55m claim.

Seanergy’s wish list

Aaron Kelley — Wed, 15 Feb 2012 18:35:35 GMT

Crusade for modern tonnage may be on the cards for Nasdaq-listed bulker owner, chief executive says.

Barmparis wants more

Andy Pierce — Wed, 15 Feb 2012 16:24:31 GMT

Ten newbuildings on its books will not deter Safe Bulkers from adding more ships as prices fall, president says.

Seanergy reverses Q4 loss

Aaron Kelley — Wed, 15 Feb 2012 15:45:00 GMT

Dale Ploughman fears bulker rates will remain weak as China feasts on stockpiles of iron ore and coal.

Scorpio trio on the block

Andy Pierce — Wed, 15 Feb 2012 11:48:00 GMT

New York-listed owner places handymax tankers on the market with over $50m in its sights, sources say.

Widdows joins Rickmers

Andy Pierce — Wed, 15 Feb 2012 11:29:55 GMT

Former NOL chief executive to replace Jan Steffens at German shipowning group.

Allianz out of Frontline

Andy Pierce — Wed, 15 Feb 2012 11:04:22 GMT

Tanker owner’s largest independent investor sells out of New York and Oslo-listed firm.

Dahlman sweet on Golar arm

Andy Pierce — Wed, 15 Feb 2012 09:47:18 GMT

John Fredriksen-backed LNG owner wins a buy stamp from investment bank’s shipping analyst.

STX OSV strikes new high

Andy Pierce — Wed, 15 Feb 2012 09:17:04 GMT

Shipbuilder’s stock hits new upper limit following strong Q4 numbers and a handsome dividend.

WW well ahead in Q4

Andy Pierce — Wed, 15 Feb 2012 08:42:44 GMT

Jan Eyvin Wang-led firm racks up impressive fourth quarter numbers as shipping division shines.

Cosco buying DRYS?

Aaron Kelley — Tue, 14 Feb 2012 22:58:18 GMT

Market pundits puzzled by Wall Street rally as rumors and mainstream media mentions trump grim freight forecasts.

TUI pulls the trigger

Aaron Kelley — Tue, 14 Feb 2012 20:05:06 GMT

IPO on the horizon for Hapag-Lloyd as German travel group strikes EUR 700m deal to sell shares to Albert Ballin.

Star loses sparkle

Aaron Kelley — Tue, 14 Feb 2012 18:46:01 GMT

Oslo-listed operator sees more pain on the horizon as container lines muscle in on reefer business despite dire rates.

GLDD cashes in on LNG

Tue, 14 Feb 2012 17:27:03 GMT

Great Lakes Dredge & Dock inks $180m dredging contract as Chevron readies LNG facility off Australia.

Investors braced for bonuses

Andy Pierce — Tue, 14 Feb 2012 16:10:26 GMT

Rerun of fourth quarter bonanza for founders will prove a drag for Jinhui shares, analyst says.

CSAV eyes recovery

Jason O'Connell — Tue, 14 Feb 2012 15:46:21 GMT

Chilean liner giant sees the light at the end of the tunnel despite $1.25bn full year loss.

Allianz ups Scorpio interest

Andy Pierce — Tue, 14 Feb 2012 15:00:51 GMT

Investor enters the big-league of tanker owner’s shareholders for the first time.

Shih Wei in shooting tragedy

Andy Pierce — Tue, 14 Feb 2012 12:18:15 GMT

Taiwanese owner’s bulker identified as the vessel caught up in Lagos drama.

BWO burned by sales loss

Andy Pierce — Tue, 14 Feb 2012 10:52:11 GMT

Helmut Sohmen-headed FPSO owner sinks to a worse than feared red figure in fourth quarter.

Still nuts for newbuilds

Andy Pierce — Tue, 14 Feb 2012 10:14:03 GMT

John Fredriksen’s Golar close to penning more new vessels hot on the heels of HHI swoop.

STX closes in on $1bn mark

Andy Pierce — Tue, 14 Feb 2012 08:59:42 GMT

John Fredriksen’s products tanker return and an enlarged LNG deal with Sovcomflot worth over $600m to Seoul-listed shipyard.

Transpacific stings A&B

Aaron Kelley — Mon, 13 Feb 2012 22:25:22 GMT

US-listed carrier says Matson Navigation’s IPO is still on track despite bruised bottom line in the fourth.

Take the money and run

Aaron Kelley — Mon, 13 Feb 2012 20:55:16 GMT

Equity analyst says now is the time to cash in shares of Golden Ocean as BDI lifts bulker stocks despite Lehman-lows.

Clipper Kamoshio collared

Aaron Kelley — Mon, 13 Feb 2012 19:23:48 GMT

South Korean bulker clan in the hot seat as US officials cry foul after probe of notorious pollution prevention apparatus.

Hapag calls in substitute

Aaron Kelley — Mon, 13 Feb 2012 17:45:47 GMT

German giant forced to charter in feedership as 4,000-teu carrier limps back to Antwerp after failed Canadian voyage.

John saw Metrostar mistake

Andy Pierce — Mon, 13 Feb 2012 16:27:17 GMT

Tanker king Fredriksen says he warned Peter Georgiopoulos not to push ahead with the deal which crippled Genmar.

BLT in the crosshairs

Aaron Kelley — Mon, 13 Feb 2012 16:06:15 GMT

Marshal Islands tanker owner fights to freeze Berlian Laju’s US assets as it prepares for $55m arbitration battle.

Prosafe extends Regalia

Jason O'Connell — Mon, 13 Feb 2012 15:11:04 GMT

US oil company will pay nearly $60m to keep accommodation rig at the Yme field in the North Sea.

EXM lands period payday

Aaron Kelley — Mon, 13 Feb 2012 15:01:09 GMT

New York-quoted bulker owner poised to squeeze nearly $18m out of freshly minted charter contracts.

Seabird wins fresh contracts

Jason O'Connell — Mon, 13 Feb 2012 13:45:56 GMT

Cash-strapped seismic player continues winning run with three more deals.

Rickmers raises boxship fears

Andy Pierce — Mon, 13 Feb 2012 12:43:46 GMT

Singapore-listed trust warns a once-troublesome vessel could be about to create another issue.

Heje happy with three kings

Andy Pierce — Mon, 13 Feb 2012 11:59:42 GMT

NOCC chairman sees no issues with three leading shipping names sharing top billing at Oslo-listed owner.

Loss no deterrent for NAT

Andy Pierce — Mon, 13 Feb 2012 10:59:43 GMT

Herbjorn Hansson-led owner keeps dividend unchecked despite deeper fourth quarter reversal.

Torm in the firing line again

Andy Pierce — Mon, 13 Feb 2012 09:51:55 GMT

Danish owner’s future again called into question as lenders are split on the best way forward.

Clarksons downs TEN bets

Andy Pierce — Mon, 13 Feb 2012 09:26:24 GMT

Rock bottom spot tanker returns lead analyst to deepen his red ink projections for New York-listed owner.

Arctic dead certain about dry

Andy Pierce — Mon, 13 Feb 2012 08:32:10 GMT

Norwegian finance house delivers a chilling warning for owners and investors excited by recent upturn in rates.

Lundh’s chemical coup

Aaron Kelley — Fri, 10 Feb 2012 20:36:41 GMT

Swedish shipbroker races to cash in on management of small Turkish chemical tankers built on spec during the market boom.

RLOG on the up

Aaron Kelley — Fri, 10 Feb 2012 18:09:49 GMT

Great Lakes bulker specialist predicts another profitable year as expanded fleet lifts bottom line.

Full circle for finance man

Bob Rust — Fri, 10 Feb 2012 16:10:40 GMT

Investment banker Kevin O'Hara has rejoined New York boutique firm AMA Capital Partners after seven years.

DSX plays down Daelim drama

Aaron Kelley — Fri, 10 Feb 2012 15:58:19 GMT

Cargill steps in as South Korean charterer coughs up cash to cover early return of bulker to US-listed owner.

Dividend chop just the start

Andy Pierce — Fri, 10 Feb 2012 15:04:29 GMT

Axing of shareholder payouts at OSG may need to be accompanied by asset sales, analyst says.

George scores with Petrobras

Andy Pierce — Fri, 10 Feb 2012 12:00:02 GMT

Greek magnate George Economou expands his offshore empire after winning a slice of enlarged project with Brazilian powerhouse.

Blast from the past

Andy Pierce — Fri, 10 Feb 2012 11:07:52 GMT

Former Teekay man Paul Wogan returns to where it all began after taking up a senior role with IPO hopeful GasLog

FSL demands BLT return

Jason O'Connell — Fri, 10 Feb 2012 09:57:24 GMT

Singapore-listed shipping trust recalls three chemical tankers from stricken Indonesian owner following default.

SHIP sheds African Zebra

Aaron Kelley — Thu, 09 Feb 2012 21:32:04 GMT

Dale Ploughman in the driver’s seat as US-listed bulker owner parts ways with ageing handymax at a loss of $2.4m.

Ivar Lundh targets expansion

Aaron Kelley — Thu, 09 Feb 2012 18:46:17 GMT

Swedish shipbroker celebrates centennial by spinning off management wing in a bid to cash in on chemical tanker upswing.

Chandris torches tanker

Trond Lillestolen — Thu, 09 Feb 2012 16:54:22 GMT

Diversified Greek shipowner poised to make $8m as 1995-built vessel sails to beaches of Alang.

Grand China feuds ignite

Aaron Kelley — Thu, 09 Feb 2012 16:17:44 GMT

Norden and Oldendorff join fight to claw back cash from embattled Asian operator as judge orders asset freeze.

Hijack sends FREE spinning

Andy Pierce — Thu, 09 Feb 2012 16:16:36 GMT

Nasdaq-listed owner sees market value drop by close to one tenth after one of its handies is snatched by Somali pirates.

EMGS pulls in record profit

Jason O'Connell — Thu, 09 Feb 2012 14:44:33 GMT

Oslo-listed seismic owner roars back from big deficit last year to card a personal best.

Freeseas bulker hijacked

Andy Pierce — Thu, 09 Feb 2012 12:26:50 GMT

Nasdaq-listed owner sees one of its ships fall into pirate hands.

AQR dumps Omega shares

Andy Pierce — Thu, 09 Feb 2012 11:51:01 GMT

Connecticut-based fund flogs remaining interest in George Kassiotis-led tanker owner.

TGS sees strong 2012

Jason O'Connell — Thu, 09 Feb 2012 11:24:14 GMT

Norwegian seismic outfit has positive outlook despite fourth quarter earnings drop.

Franklin ups OSG anti

Andy Pierce — Thu, 09 Feb 2012 10:32:14 GMT

Hedge fund boosts stake in New York-quoted tanker owner to around one tenth.

Terminal downer for Odfjell

Andy Pierce — Thu, 09 Feb 2012 09:32:38 GMT

Nordea drops its buy tag on Oslo-listed owner after Rotterdam project dents profit.

Skaugen joins bond blitz

Andy Pierce — Thu, 09 Feb 2012 09:07:41 GMT

Norwegian owner adds its name to the list of companies cashing in on a blistering hot Oslo bond market.

Peter G called to testify

Aaron Kelley — Wed, 08 Feb 2012 19:54:44 GMT

Creditors move forward with attack on tycoon's 'side deal' and bankrupt tanker owner’s dealings with Oaktree Capital.

Vale plots grand opening

Aaron Kelley — Wed, 08 Feb 2012 18:05:43 GMT

Brazilian mining behemoth’s Subic Bay transhipment facility gears up for timely debut as VLOC sets sail.

Bloomberg blasts TBS

Aaron Kelley — Wed, 08 Feb 2012 17:04:01 GMT

Popular podcast commentator cries foul over bulker owner’s choice of Chapter 11 venue due to Dublin domicile.

Knightsbridge not buying

Andy Pierce — Wed, 08 Feb 2012 12:23:10 GMT

John Fredriksen-backed owner is staying out of the sale and purchase game while prices continue to fall.

Platou downs cape bets

Andy Pierce — Wed, 08 Feb 2012 11:28:58 GMT

Investment bank drops its 2012 and 2013 rate estimates but Bjorn Bodding sees some light at the end of recent slump.

Volstad back at Bergen again

Andy Pierce — Wed, 08 Feb 2012 09:13:38 GMT

Norwegian owner returns to its favourite shipyard with $140m newbuilding order.

Mixed bag for Odfjell

Andy Pierce — Wed, 08 Feb 2012 08:50:06 GMT

Oslo-listed owner books deeper than expected Q4 loss, but market comments offer encouragement.

Diamond shines on Gemini

Joe Brady — Tue, 07 Feb 2012 22:03:18 GMT

Teekay-run suezmax pool expected to take in eight new units from Craig Stevenson-Wilbur Ross tanker venture.

Oily infractions

Aaron Kelley — Tue, 07 Feb 2012 21:18:17 GMT

Tokyo-based bulker operator in hot water after authorities in the US uncover evidence of discharge violations.

Vale lands political pledge

Aaron Kelley — Tue, 07 Feb 2012 20:30:28 GMT

Brazilian energy minister ready to back mining giant during talks with Beijing over bulker ban.

Marshals hunt Med Atlantic

Aaron Kelley — Tue, 07 Feb 2012 17:42:43 GMT

Chemical carrier faces seizure as World Fuel Services Europe drags Bridge Tankers into court over fuel tab.

Wells sidelines Seaspan

Aaron Kelley — Tue, 07 Feb 2012 16:35:25 GMT

Analyst urges clients to ‘hold’ shares of US-quoted containership owner as positive near-term catalysts dwindle.

TNK slices dividend

Andy Pierce — Tue, 07 Feb 2012 16:23:26 GMT

New York-listed owner cuts shareholder payouts by a quarter in a tricky market.

Inside TBSI’s ‘top fifty’

Aaron Kelley — Tue, 07 Feb 2012 15:47:29 GMT

Chengxi Shipyard leads bankrupt bulker owner’s list of unsecured creditors with million-dollar claim.

Oppenheimer in at DCIX

Andy Pierce — Tue, 07 Feb 2012 11:29:36 GMT

Investment bank takes a bundle of share worth around $10m in New York-listed boxship owner.

BLT breaches FSL deals

Andy Pierce — Tue, 07 Feb 2012 11:07:41 GMT

Indonesian owner faces triple tanker arrest after failing to mail its latest cheque to Philip Clausius-led firm.

Glencore in mega-merger

Andy Pierce — Tue, 07 Feb 2012 10:37:11 GMT

Ivan Glasenberg-led firm teams up with Xstrata to form new commodities powerhouse.

GMI defends negative charter

Andy Pierce — Tue, 07 Feb 2012 10:00:36 GMT

Steve Rodley argues paying Glencore to take one of its panamaxes makes sense.

TBS nears Chapter 11

Joe Brady — Mon, 06 Feb 2012 20:46:07 GMT

Joe Royce-led tweendecker owner filing "pre-pack" style plan in New York after agreeing terms with BoA syndicate.

Bulker stocks surge

Aaron Kelley — Mon, 06 Feb 2012 19:30:22 GMT

Shares of TBS, FreeSeas and Excel Maritime shift into high gear as market reacts to BDI bump.

Star tied to scrap deal

Aaron Kelley — Mon, 06 Feb 2012 18:16:56 GMT

Brokers link Oslo-listed shipowner to $6m transaction involving Napier and Nelson Star.

ORIG deal jumpstarts DRYS

Aaron Kelley — Mon, 06 Feb 2012 16:59:56 GMT

Shares of Nasdaq-listed owner surge nearly 10% as investors react to offshore division’s juicy drilling contract.

Baltic’s losing run snapped

Andy Pierce — Mon, 06 Feb 2012 16:36:02 GMT

After 33 sessions in reverse the BDI finally showed signs of progress today with a single point gain.

ORIG in the money

Aaron Kelley — Mon, 06 Feb 2012 15:21:59 GMT

George Economou says $653m drilling contract is a testament to demand for harsh weather ultra-deepwater rigs.

PACD joins bond rush

Aaron Kelley — Mon, 06 Feb 2012 14:42:20 GMT

New York and Oslo-traded drillship owner unveils plot to print $300m worth of notes as cash hunt continues.

Can VLOCs survive cull?

Andy Pierce — Mon, 06 Feb 2012 12:36:08 GMT

HSBC says giant bulkers at increased risk of being axed following Beijing’s black-listing.

Kayne shuffles shipping pack

Andy Pierce — Mon, 06 Feb 2012 11:50:40 GMT

Hedge fund clears out some Knightsbridge shares but ups its interest in Navios Partners.

Second spur for CSCL

Andy Pierce — Mon, 06 Feb 2012 11:02:42 GMT

Jefferies upgrades Hong Kong-listed owner again amid expectation of a return to profit this year.

Noble raids Goldman

Andy Pierce — Mon, 06 Feb 2012 10:22:24 GMT

Yusuf Alireza named the new chief of Richard Elman-led commodity titan as founder plots a back seat.

Thumbs up for STX OSV

Andy Pierce — Mon, 06 Feb 2012 08:46:03 GMT

Bank kicks off coverage of Singapore-listed yard with a buy tag on the stock.

Ships for free

Andy Pierce — Fri, 03 Feb 2012 16:30:54 GMT

Zero charter rates confirmed today as dry-cargo pain intensifies.

McQuilling storms Brazil

Aaron Kelley — Fri, 03 Feb 2012 15:52:13 GMT

Diversified US brokerage taps Petrobras talent to lead latest Rio de Janeiro invasion.

Oaktree investigates IT breach

Aaron Kelley — Thu, 02 Feb 2012 22:18:36 GMT

Private equity giant joins Gulmar Offshore in torpedoing allegations of fraud and tax evasion as police probe whistleblower.

Seadrill CFO resigns

Aaron Kelley — Thu, 02 Feb 2012 21:15:52 GMT

John Fredriksen-controlled drilling giant shuffles management structure as Esa Ikaheimonen departs.

China clarifies valemax ban

Aaron Kelley — Thu, 02 Feb 2012 20:33:12 GMT

China Shipowners’ Association sheds light on specifics of bulker boycott while Brazilian mining giant breaks silence.

Lazard cuts Urs Dur

Joe Brady — Thu, 02 Feb 2012 19:09:44 GMT

Investment firm parts with one of shipping’s veteran equity analysts in tough finance market.

HLNG eyes expansion ammo

Aaron Kelley — Thu, 02 Feb 2012 18:28:35 GMT

Oslo-quoted owner tests market appetite for gas stocks with $200m fundraiser aimed at growing FSRU arsenal.

Lodestar losers pay the price

Jim Mulrenan — Thu, 02 Feb 2012 17:14:57 GMT

Team behind attempt to take British Marine’s P&I business by stealth suffer another comprehensive defeat.

Concordia hurts RCCL

Andy Pierce — Thu, 02 Feb 2012 15:13:48 GMT

Richard Fain-led Royal Caribbean will miss first quarter and 2012 estimates following Carnival’s Italian casualty.

Statoil gives Bergen work

Jason O'Connell — Thu, 02 Feb 2012 13:23:37 GMT

Oslo-listed shipbuilder and offshore firm wins subsea construction job from Norwegian oil and gas giant.

Moody’s drops Japanese duo

Andy Pierce — Thu, 02 Feb 2012 12:45:07 GMT

Credit rating agency cuts its view on MOL and NYK against backdrop of tough markets.

HHI hammered in Q4

Andy Pierce — Thu, 02 Feb 2012 12:10:40 GMT

World’s largest shipbuilder sees its bottom line tumble by more than 90% as cheaper ships are built.

Subsea 7 nets North Sea deal

Jason O'Connell — Thu, 02 Feb 2012 11:35:21 GMT

Oslo-listed company’s 2012 orders edge past $250m mark following latest contract.

NOCC joins bond run band

Andy Pierce — Thu, 02 Feb 2012 11:21:36 GMT

Lars Solbakken-led shipowner is the latest firm to tap the red hot bond market in Oslo.

Jefferies boosts boxship boys

Andy Pierce — Thu, 02 Feb 2012 10:37:26 GMT

Improving container market drawns higher ratings for OOIL, NOL, CSCL and Japan’s big three.

Samsung net sags in fourth

Andy Pierce — Thu, 02 Feb 2012 09:51:14 GMT

South Korean yard sees profit slip in final three months despite increased margins.

Glencore moves for Xstrata

Andy Pierce — Thu, 02 Feb 2012 08:33:02 GMT

Ivan Glasenberg-led commodities titan is close to a merger with mining powerhouse.

CMRE climbs in the fourth

Aaron Kelley — Wed, 01 Feb 2012 22:29:57 GMT

Constantinos Constantakopoulos-controlled containership owner beats Wall Street bets as profit more than doubles.

Cosco arm sues craft retailer

Aaron Kelley — Wed, 01 Feb 2012 21:20:22 GMT

Chinese shipping giant’s US container unit cries foul over unpaid box bills as craft king faces Texas showdown.

Gulmar CFO to step down

Aaron Kelley — Wed, 01 Feb 2012 19:32:31 GMT

Finance chief of Oaktree-backed offshore contractor races to the exit as talk of tax headaches and expansion escalates.

Genmar rolls the dice

Aaron Kelley — Wed, 01 Feb 2012 17:29:57 GMT

Bankrupt US tanker owner files restructuring plan as it races to unshackle Chapter 11 chains by spring.

Platou ponders Iranian poser

Andy Pierce — Wed, 01 Feb 2012 16:22:45 GMT

Iranian embargo is already pushing rates but it won't provide a lasting cure for low earnings, says Ole-Rikard Hammer.

Battered BDI hits modern low

Andy Pierce — Wed, 01 Feb 2012 13:22:21 GMT

Following 31 sessions in reverse the Baltic Dry Index today set a new post-Lehman low water mark.

Five years to fix

Andy Pierce — Wed, 01 Feb 2012 12:12:34 GMT

Shipping can turn the corner in the next half decade if owners use the only trick still open to them, broker says.

CHO slashed by a fifth

Jason O'Connell — Wed, 01 Feb 2012 12:02:28 GMT

Smaller fleet costs Singapore-listed offshore owner in the first half.

Dof Subsea eyes bonds

Jason O'Connell — Wed, 01 Feb 2012 11:15:40 GMT

Mons Aase-led shipowner follows compatriot companies in seeking cash in Oslo.

Dragon to spark BDI

Andy Pierce — Wed, 01 Feb 2012 09:59:47 GMT

ICAP delivers a history lesson which shows hope for the dry-cargo market given an early Chinese New Year holiday.

Boxship in Garden City spill

Aaron Kelley — Tue, 31 Jan 2012 20:36:13 GMT

Investigation underway in Savannah as teams battle leak involving Oskar Wehr-controlled containership.

Morse to head Griffin

Aaron Kelley — Tue, 31 Jan 2012 19:30:32 GMT

Griffin Global recruits Inchcape’s former CEO as it prepares to take a bigger bite out of seafarer service market.

PRGN plummets

Aaron Kelley — Tue, 31 Jan 2012 16:56:02 GMT

Shares of US-quoted bulker owner slide 9% as Wall Street assesses impact of torched Italian charter.

Larger Capital, smaller profit

Andy Pierce — Tue, 31 Jan 2012 15:51:29 GMT

Evangelos Marinakis-led Capital Product Partners sees fourth quarter profit dip as cost of larger fleet trumps improved revenue.

China closes VLOC curtain

Andy Pierce — Tue, 31 Jan 2012 13:43:54 GMT

Beijing blocks Vale’s giant bulkers after months of pressure from domestic owners.

Chevron nets Mermaid deal

Jason O'Connell — Tue, 31 Jan 2012 12:02:49 GMT

Singapore-listed offshore outfit inks charter with US giant for Indonesian work.

MOL’s grades take a hit

Andy Pierce — Tue, 31 Jan 2012 11:35:25 GMT

Looming losses and costly newbuildings prompt Japan Credit Rating Agency to dim its view on compatriot owner.

Hellenic Star chops bulker

Andy Pierce — Tue, 31 Jan 2012 11:10:12 GMT

Greek owner pockets over $6m from eye-catching Pakistani demolition deal.

FSL sweats on BLT cheque

Andy Pierce — Tue, 31 Jan 2012 10:24:48 GMT

Philip Clausius-led firm is in the dark about whether embattled Indonesian owner will continue to pay up on tanker trio.

Two in, two out for GulfMark

Jason O'Connell — Tue, 31 Jan 2012 10:13:13 GMT

New York-listed offshore owner tweaks fleet and credit facility.

Souri leaves the helm of NITC

Jim Mulrenan — Tue, 31 Jan 2012 10:01:27 GMT

Iranian tanker chief retires after more than a quarter of a century building top VLCC owner.

MOL braces for deep loss

Andy Pierce — Tue, 31 Jan 2012 09:02:00 GMT

Japanese owner fires a second profit warning in four months on the back of worsening freight rates.

PRGN shreds Deiulemar deal

Aaron Kelley — Mon, 30 Jan 2012 22:09:12 GMT

US-listed bulker owner poised to pursue legal remedies again Italian operator following collapse of lucrative charter.

Deiulemar dodges claim

Aaron Kelley — Mon, 30 Jan 2012 20:59:38 GMT

Greek bulker operator ends legal assault against cash-strapped Italian charterer despite successful US arrest.

Concordia costs escalate

Aaron Kelley — Mon, 30 Jan 2012 18:37:17 GMT

Carnival fires profit warning as surveyors struggle to determine viability and cost of repairing doomed $490m cruiseship.

STX confirms Hardelay exit

Aaron Kelley — Mon, 30 Jan 2012 17:22:34 GMT

Laurent Castaing returns to French shipbuilder after eight-year hiatus as veteran official heads for the door.

Lodestar not fantasy football

Jim Mulrenan — Mon, 30 Jan 2012 16:32:36 GMT

Plan to set up a new P&I scheme by ripping the heart out of British Marine based on unlawful deception.

GMR lost $19m in 14 days

Andy Pierce — Mon, 30 Jan 2012 15:55:39 GMT

Bankrupt tanker owner continues to rack up red ink having entered Chapter 11 protection.

SinOceanic eyes bond boost

Aaron Kelley — Mon, 30 Jan 2012 14:56:41 GMT

Jan Haakon Pettersen-led containership owner joins Oslo bond rush in a bid to raise $220m for newbuildings.

New bulker low in sight

Andy Pierce — Mon, 30 Jan 2012 14:45:24 GMT

Baltic Dry Index is now just 39 points from its post-Lehman pit of 663.

MOL bins another pair

Jason O'Connell — Mon, 30 Jan 2012 10:59:49 GMT

Japanese giant takes tally of torched double skinned tankers to five.

Dry’s luck to change in 2013

Andy Pierce — Mon, 30 Jan 2012 09:44:04 GMT

Jefferies downs estimates for this year but it believes 2013 could see the market short of ships.

Stolt crewman has heart attack

Andy Pierce — Mon, 30 Jan 2012 09:02:28 GMT

Coast Guard lifts seafarer from Norwegian-owned tanker near the port of Galveston.

IPO set-back for Seadrill

Andy Pierce — Mon, 30 Jan 2012 08:32:10 GMT

John Fredriksen-led driller’s plan for a $700m Brazilian listing is delayed by a couple of months.

BM Shipping tied to torch

Aaron Kelley — Fri, 27 Jan 2012 23:19:15 GMT

Insolvent Italian bulker operator nears market exit as six vintage vessels sail to the scrap pile, brokers say.

‘Rocket ship’ bashes bridge

Aaron Kelley — Fri, 27 Jan 2012 21:41:35 GMT

Foss Maritime and US Coast Guard call in T&T Bisso following Tennessee River wreck.

Tanker tonic for Platou swoop

Andy Pierce — Fri, 27 Jan 2012 15:43:32 GMT

Peter Anker and Richard Fulford-Smith share their thoughts on potential takeover of ACM.

Havila sees strong finish

Jason O'Connell — Fri, 27 Jan 2012 14:19:04 GMT

Njal Saevik-led offshore vessel owner reports a better final quarter and ties down PSV quartet.

BLT’s grades take a tumble

Andy Pierce — Fri, 27 Jan 2012 11:22:03 GMT

Fitch dumps its ratings on Indonesian shipowner in the wake of its debt difficulties.

Transpetro tied to spill

Aaron Kelley — Thu, 26 Jan 2012 22:37:43 GMT

Petrobras tanker wing issues alert as authorities race to contain oil leak at floating transfer station off Brazil.

Chembulk dodges BLT bullet

Aaron Kelley — Thu, 26 Jan 2012 21:15:02 GMT

CEO of Berlian Laju’s Connecticut chemical arm claims its “business as usual” despite cash crunch at Indonesian parent.

Saipem enlists Fairstar duo

Aaron Kelley — Thu, 26 Jan 2012 18:57:04 GMT

Oslo-listed heavylift specialist poised to sail to the North Sea after lining up $15m transport pact with Italian energy giant.

Maersk Tankers crowns CEO

Aaron Kelley — Thu, 26 Jan 2012 17:25:54 GMT

Danish shipping dynasty's tanker division trades king for a queen as Maersk Line lieutenant shifts gears.

Scrap record to be toppled

Andy Pierce — Thu, 26 Jan 2012 15:53:56 GMT

Macquarie Capital predicts dry-cargo demolition will shoot up by 50% in 2012.

BLT battles debt disaster

Aaron Kelley — Thu, 26 Jan 2012 15:47:29 GMT

Tanker giant in dangerous territory as it prepares to freeze trading and repayment of $418m owed on loans and ship leases.

Farstad joins bond flood

Andy Pierce — Thu, 26 Jan 2012 15:27:16 GMT

Oslo-listed offshore owner rakes in nearly $70m from a trip to the bond market.

Kuznik judges the Judges

Andy Pierce — Thu, 26 Jan 2012 15:04:14 GMT

Former HSH Nordbank boss lets rip at US bankruptcy courts’ ridiculous knowledge of shipping.

Partners in pact with parent

Andy Pierce — Thu, 26 Jan 2012 14:44:48 GMT

New York-listed owner secures two-year supramax charter with Navios Maritime Partners.

Navios Partners on the mark

Andy Pierce — Thu, 26 Jan 2012 13:38:08 GMT

Angeliki Frangou-led owner sees fourth quarter profit measure up favourably against Street bets.

Hope for Hoegh options

Andy Pierce — Thu, 26 Jan 2012 11:12:15 GMT

Hoegh LNG tipped to firm up HHI options after confirming potential 30-year record FSRU charter.

Jack-up joy for Keppel

Andy Pierce — Thu, 26 Jan 2012 10:25:14 GMT

Singapore-listed yard sees profit pass $1bn for the fifth year in a row helped by $10bn in new contracts.

Precious sells newbuild

Andy Pierce — Thu, 26 Jan 2012 09:43:08 GMT

Bangkok-listed Precious has offloaded its fifth newbuilding from mammoth ABG order due to delays.

Stolt slips in fourth quarter

Andy Pierce — Thu, 26 Jan 2012 08:53:32 GMT

Oslo-listed shipowner looks to 2013 for tanker market recovery after drop in its fourth quarter bottom line.

CSAV nears next round

Aaron Kelley — Wed, 25 Jan 2012 18:15:15 GMT

Spinoff of Saam on the horizon as Chilean liner giant completes second phase of billion-dollar securities sale.

Rem inks PSV fixture

Jason O'Connell — Wed, 25 Jan 2012 17:11:54 GMT

Age Remoy-led offshore owner to send new platform supply vessel off for six months.

Jaya admits IHC interest

Jason O'Connell — Wed, 25 Jan 2012 14:25:50 GMT

Singapore-listed shipbuilder confirms reports Dutch company has made enquiries after share price leaps.

DHT divi doubt dismissed

Andy Pierce — Wed, 25 Jan 2012 12:23:28 GMT

Fear of a further dividend cut which is dragging owner’s stock down is wide of the mark, analyst says.

Dof ties up two PSVs

Jason O'Connell — Wed, 25 Jan 2012 12:00:40 GMT

Mons Aase-led owner fixes two offshore support vessels on long-term deals in Australia and Brazil.

Kayne sells DHT stock

Andy Pierce — Wed, 25 Jan 2012 11:46:17 GMT

Hedge fund flogs a chunk of its shares in New York-listed tanker owner.

ALG rises to the challenge

Andy Pierce — Wed, 25 Jan 2012 10:03:23 GMT

London-listed owner books improved pre-tax numbers despite geo-political, economic and legal stumbling blocks.

Duo plot bond blitz

Andy Pierce — Wed, 25 Jan 2012 09:08:29 GMT

Dof and Bonheur follow Oslo-listed peer Prosafe down the bond issue path.

Heidmar loses top exec

Aaron Kelley — Tue, 24 Jan 2012 17:28:09 GMT

US tanker operator quiets speculation surrounding financial performance as CEO Tim Brennan heads for the exit.

Newbuilding peak flow passed

Andy Pierce — Tue, 24 Jan 2012 15:43:26 GMT

Rising risk of cancellations and diminishing orderbook suggest worst of the new tonnage rush is over, Clarksons says.

Street-topping Q4 lifts DHT

Andy Pierce — Tue, 24 Jan 2012 15:09:43 GMT

Stronger than forecast fourth quarter bottom line offers welcome relief for tanker owner’s stock.

Mainport inks Shin Yang trio

Jason O'Connell — Tue, 24 Jan 2012 12:18:15 GMT

Irish offshore vessel owner orders three seismic support vessels from Malaysian shipyard.

Aframaxes to slip on ice fall

Andy Pierce — Tue, 24 Jan 2012 12:07:39 GMT

Earnings may melt back to 1997 levels as limited Baltic ice leaves owners feeling blue, report says.

Cape influx shrouds rate rise

Andy Pierce — Tue, 24 Jan 2012 11:30:27 GMT

Capesize newbuildings are spilling out at more than one per day and hurting earnings, BRS says.

Brokers battle for Baltic gong

the TradeWinds team — Tue, 24 Jan 2012 10:54:41 GMT

Fight for the title of top BDI tipster is developing into a shoot-out between some of the best known broking houses.

Olympic runs down dry fleet

Andy Pierce — Tue, 24 Jan 2012 09:35:09 GMT

Onassis-backed company sells a brace of bulk carriers, potentially exiting the sector.

Sanction spark for Frontline

Andy Pierce — Tue, 24 Jan 2012 08:55:14 GMT

Iranian oil crackdown pushes up shares in Oslo-listed tanker owner.

US targets IRISL bank

Aaron Kelley — Mon, 23 Jan 2012 21:19:56 GMT

Noose tightens around Tehran as Washington takes aim at Bank Tejarat for ties to Iranian shipping syndicate.

Tugs swarm grounded bulker

Aaron Kelley — Mon, 23 Jan 2012 20:09:46 GMT

ULTR joins operation to refloat Marmaras Navigation handy as officials shut parts of shallow South American waterway.

Equity guru ups OSG

Aaron Kelley — Mon, 23 Jan 2012 18:47:30 GMT

Cantor Fitzgerald upgrades shares of New York-listed tanker owner despite grim market forecast and earnings outlook.

Seadrill sets spin clock

Aaron Kelley — Mon, 23 Jan 2012 17:16:51 GMT

John Fredriksen-backed drilling giant closes in on Brazilian listing as Seabras races to raise $713m in debut fundraiser.

Cantor cuts capesize bets

Andy Pierce — Mon, 23 Jan 2012 16:15:31 GMT

Slowing demand and loss of scrap shield prompt revisions to bank’s capesize rate forecasts.

Big John in products push?

Andy Pierce — Mon, 23 Jan 2012 15:44:15 GMT

Crude tanker king John Fredriksen linked to MR sextet at South Korea’s STX Jinhae.

Star dials back buyback clock

Aaron Kelley — Mon, 23 Jan 2012 15:38:50 GMT

Spyros Capralos-led bulker owner adds time to $30m investor reward programme.

Ophir takes Eirik Raude

Aaron Kelley — Mon, 23 Jan 2012 15:06:41 GMT

Nasdaq-listed drilling contractor poised to pocket $52m as it mints deal for wells off West Africa.

Clarksons pins OSV price rise

Andy Pierce — Mon, 23 Jan 2012 14:52:17 GMT

A spurt in the cost of AHTS newbuildings helps drive up offshore support vessel values over the past year.

JFC injunction lifted

Jim Mulrenan — Mon, 23 Jan 2012 14:27:39 GMT

Reefer charterer overturns ruling that Russian proceedings are vexatious or oppressive.

Panamaxes pass 1,000 mark

Andy Pierce — Mon, 23 Jan 2012 14:21:47 GMT

Baltic Panamax Index has followed the main Baltic ticker into three-figure territory.

Toisa wins loss of hire claim

Jim Mulrenan — Mon, 23 Jan 2012 12:42:26 GMT

Judge dismisses argument that Gregory Callimanopoulous offshore operation misrepresented cause of breakdown.

Hoegh lands Lithuania deal

Jason O'Connell — Mon, 23 Jan 2012 12:21:01 GMT

Sveinung Stohle-led outfit beats rivals to another FSRU contract.

Conversion fears off target

Andy Pierce — Mon, 23 Jan 2012 11:54:21 GMT

Switching all VL, suezmax and capesize newbuidlings at key yards will not stamp out LNG fire, Arctic says.

Finnlines warns of dip

Jason O'Connell — Mon, 23 Jan 2012 11:34:58 GMT

Finnish operator reverses forecast and now expects to card worse numbers in 2011.

Rem in PSV bonanza

Jason O'Connell — Mon, 23 Jan 2012 10:59:58 GMT

Oslo-listed offshore owner to bank NOK 110m profit from platform supply vessel sale.

BLT scraps suezmax sisters

Andy Pierce — Mon, 23 Jan 2012 10:33:28 GMT

Indonesian owner tipped to have cashed in its last two suezmaxes in a demo deal worth over $20m.

Gandria back in the game

Andy Pierce — Mon, 23 Jan 2012 08:44:42 GMT

Last of Golar LNG’s laid-up vessels expected to re-enter the market after Fredriksen company buys out partner.