RSS for TradeWinds

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.

Cantor drops Genmar

Aaron Kelley — Fri, 20 Jan 2012 19:13:00 GMT

Wall Street equity analyst kicks OTC-traded tanker owner to the curb while market waits for Chapter 11 exit.

Wilson shaves Shandong deal

Aaron Kelley — Fri, 20 Jan 2012 18:00:49 GMT

Oslo-listed operator cuts $88m newbuilding contract in half as Chinese shipbuilder struggles with delivery clock.

Cape owners to drop anchor?

Andy Pierce — Fri, 20 Jan 2012 16:30:15 GMT

Talk of lay-ups grows louder as Baltic Dry Index continues its losing run.

CH Offshore pens charter

Jason O'Connell — Fri, 20 Jan 2012 15:08:40 GMT

Singapore-listed owner inks a long-term deal for an anchor handler with a view to a sale.

Doug down tanker bets

Andy Pierce — Fri, 20 Jan 2012 14:36:01 GMT

Jefferies analyst cuts rate forecasts amid fears of slowing oil demand, with new numbers turning DHT red.

Swiber lines up Burma gig

Jason O'Connell — Fri, 20 Jan 2012 12:00:15 GMT

Singapore-listed offshore owner reported to be close to its first contract of the year.

Marco on course in Indonesia

Jason O'Connell — Fri, 20 Jan 2012 11:18:50 GMT

Singapore-listed offshore vessel yard and owner is set to add to early gains, AM Fraser says.

CSAV trumpets fundraiser

Jason O'Connell — Fri, 20 Jan 2012 09:58:36 GMT

Santiago-based containership owner happy with first round of $1.2bn rights issue.

RR in Brazilian replay

Aaron Kelley — Thu, 19 Jan 2012 22:01:23 GMT

Power systems giant secures $36m contract to design and equip offshore support vessels for Brasbunker.

Seacor supersizes buybacks

Aaron Kelley — Thu, 19 Jan 2012 20:49:46 GMT

Diversified US owner rubber stamps plan to splash cash on up to $150m worth of its own shares.

Big John blasts NOF board

Aaron Kelley — Thu, 19 Jan 2012 20:21:23 GMT

John Fredriksen’s investment arm takes aim at board of Oslo-quoted drilling company where daughter holds directorship.

Seadrill stretch

Aaron Kelley — Thu, 19 Jan 2012 19:33:17 GMT

John Fredriksen-backed offshore contractor poised to shake another $325m out of Norwegian drillship deal as market tightens.

NOCC sheds oldie

Aaron Kelley — Thu, 19 Jan 2012 18:35:30 GMT

Oslo-listed owner makes good on promise to devote resources to modern tonnage as it offloads 1988-built PCC.

Rate drop stings CMB

Aaron Kelley — Thu, 19 Jan 2012 17:57:05 GMT

Dry downturn bites Compagnie Maritime Belge’s bottom line but Bocimar is still upbeat about handysize bulker bet.

GATX gains traction

Aaron Kelley — Thu, 19 Jan 2012 16:48:16 GMT

Great Lakes bulker operator ASC turns in a profit as US-quoted parent warns of mixed results in the year to come.

NAT plummets on pricing

Aaron Kelley — Thu, 19 Jan 2012 16:00:23 GMT

Shares of NYSE-listed owner slip 10% as $82m fundraiser paves the way for purchase of up to three suezmaxes, analysts say.

Tanker openings ahead

Andy Pierce — Thu, 19 Jan 2012 15:51:51 GMT

Evercore analyst spots investment opportunities in the tanker market but is against any risky bets right now.

Genco panamax joins GMI

Andy Pierce — Thu, 19 Jan 2012 14:36:10 GMT

New York-listed bulker owner finds period work for one of its panamaxes at an index-based rate.

Dahlman ups Golar rating

Andy Pierce — Thu, 19 Jan 2012 12:17:14 GMT

Slumping share price prompts analyst to return a buy tag to John Fredriksen-backed shipowner.

GasLog deals flushed out

Andy Pierce — Thu, 19 Jan 2012 09:56:59 GMT

Peter Livanos backed LNG owner lifts lid on lucrative contracts for newbuildings as part of public push.

Lights out at Hovensa

Aaron Kelley — Wed, 18 Jan 2012 20:47:09 GMT

Broker expects closure of Hess and Pdvsa’s St Croix refinery to have "significant impact" on crude and product tanker markets.

Marines foil pirate attack

Aaron Kelley — Wed, 18 Jan 2012 19:13:54 GMT

Military personnel from the Netherlands prevent hijacking by opening fire on armed assailants in the Gulf of Aden.

Poor rates don’t stem tide

Andy Pierce — Wed, 18 Jan 2012 16:53:57 GMT

Four of the five major tanker sectors show a slowdown in slippage and cancellation of newbuildings during 2011.

Period pain for cape owners

Andy Pierce — Wed, 18 Jan 2012 15:34:33 GMT

Clearlake picks up capesize newbuilding for up to six months at cheap rate as dry gloom deepens.

CSAV sees fundraiser flop

Wed, 18 Jan 2012 15:08:47 GMT

Struggling Chilean containership owner raises just over half the $1.2bn targeted in rights issue.

Euronav shares suffer

Andy Pierce — Wed, 18 Jan 2012 10:17:21 GMT

Tanker owner sees market vale chopped in early trading after it set Q4 ball rolling.

Torm winds on loan clock

Andy Pierce — Wed, 18 Jan 2012 09:01:11 GMT

Danish owner wins another reprieve as negotiations with lenders continue.

GasLog lines up IPO

Aaron Kelley — Tue, 17 Jan 2012 22:35:38 GMT

Peter Livanos grabs the helm as Athens and Monaco-based LNG owner plots $350m assault on the capital markets.

S&P downs OSG

Aaron Kelley — Tue, 17 Jan 2012 20:43:31 GMT

Shares of US-listed tanker owner continue to climb despite ratings downgrade as spot rates surge ahead of Chinese New Year.

NSCSA soars in the fourth

Aaron Kelley — Tue, 17 Jan 2012 19:50:22 GMT

LPG investments help National Shipping Company of Saudi Arabia offset tanker market turmoil as profit jumps 105%.

Axed order rattles Euronav

Aaron Kelley — Tue, 17 Jan 2012 18:37:41 GMT

Belgian tanker titan slides to staggering full-year loss as it takes the torch to Samsung newbuilding contract in the fourth.

OSG facing UK fight

Andy Pierce — Tue, 17 Jan 2012 17:00:11 GMT

Newcastle staff kick back in the face of New York-listed owner's redundancy plans.

Seacor backs TRBR bailout

Aaron Kelley — Tue, 17 Jan 2012 16:36:13 GMT

Seacor Holdings and US financier pledge cash and strategic support to bankrupt liner group in exchange for majority stake.

STX takes Greek newbuilding

Andy Pierce — Tue, 17 Jan 2012 15:49:23 GMT

South Korean owner hires new supramax from Soloi for up to three and a half years, brokers say.

PRGN sounds charter alarm

Tue, 17 Jan 2012 14:21:07 GMT

Deiulemar begs Michael Bodouroglou-led bulker owner for rate relief as renegotiation request threatens lucrative contract.

BDI nears post-Lehman low

Andy Pierce — Tue, 17 Jan 2012 13:52:46 GMT

Baltic Dry Index sinks below 1,000 for the first time since January 2009 following an evaporation of confidence.

Suezmaxes face 15 year low

Andy Pierce — Tue, 17 Jan 2012 12:17:20 GMT

Declining US refining will help drag earnings to the lowest level since 1997, analysts fear.

YZJ and Dohle team up

Jason O'Connell — Tue, 17 Jan 2012 12:17:08 GMT

Chinese shipbuilder agrees joint ownership of four bulk carriers with German owner.

Samsung set for stellar Q1

Andy Pierce — Tue, 17 Jan 2012 11:08:43 GMT

Seoul-listed shipyard could scoop orders worth $5.8bn in first three months of 2012, Deutsche Bank says.

Skaugen may join gun club

Andy Pierce — Tue, 17 Jan 2012 10:23:35 GMT

Norgas vessels likely to be equipped with armed guards in the face of “organised crime” off Somalia.

SMM mulls STX OSV move

Jason O'Connell — Tue, 17 Jan 2012 10:15:53 GMT

Singapore-listed rigbuilder could be lining up a bid for offshore vessel builder.

Skaugen bangs LNG drum

Andy Pierce — Tue, 17 Jan 2012 09:56:24 GMT

Oslo-listed owner looks for Bahrain terminal as a kickstart after red ink and job losses in 2011.

Oh Micky, where art thou?

Andy Pierce — Tue, 17 Jan 2012 08:48:48 GMT

Carnival boss faces a raft of questioning headlines in wake of Costa Concordia tragedy.

Pirates miss out again

Andy Pierce — Mon, 16 Jan 2012 17:02:14 GMT

Montanari aframax saved by armed guards following Indian Ocean attack.

Shin Yang buys another

Jason O'Connell — Mon, 16 Jan 2012 15:18:03 GMT

Kuala Lumpur-listed owner consolidates domestic presence with purchase of a second Borneo-based company.

VL prices face hammering

Andy Pierce — Mon, 16 Jan 2012 14:56:20 GMT

Tanker values tipped to take another beating when a once-pirated VLCC is auctioned this week, Clarksons says.

Bumi seals Brazil bonanza

Jason O'Connell — Mon, 16 Jan 2012 14:35:34 GMT

Hassan Basma-led shipowner confirms $50m AHTS charter with Petrobras.

Mermaid appoints new head

Jason O'Connell — Mon, 16 Jan 2012 12:46:07 GMT

Thoresen Thai-backed offshore owner names Bruce Gemmell as new chief executive.

Odfjell continues clearout

Andy Pierce — Mon, 16 Jan 2012 11:54:41 GMT

Oslo-listed owner said to have cashed in another 1980s built tanker in $6m disposal.

Dayang extends workboat

Jason O'Connell — Mon, 16 Jan 2012 11:09:25 GMT

Malaysian owner to earn MYR 85m from four-year Shell charter in Brunei.

Bangladesh question hangs

Andy Pierce — Mon, 16 Jan 2012 10:48:54 GMT

Scrap market in limbo as it looks to clear the latest clouds surrounding court ruling.

TOO targets $120m

Andy Pierce — Mon, 16 Jan 2012 09:44:57 GMT

New York-listed owner sets its sights on Norwegian bond market raid.

Carnival counts crash cost

Andy Pierce — Mon, 16 Jan 2012 08:45:30 GMT

London-quoted cruise ship owner says Costa Concordia tragedy will leave a $95m black hole in its finances.

Gas titans turn on the torch

Aaron Kelley — Sat, 14 Jan 2012 04:34:54 GMT

Recyclers pay top dollar for ageing LPG carriers controlled by Transgas and IM Skaugen as sources shed light on scrap pacts.

Tufton keeps market talking

Aaron Kelley — Sat, 14 Jan 2012 03:47:19 GMT

Brokers connect UK investment manager to $54m acquisition of majority stake in two German product tankers.

BBC venture beefs up rotation

Aaron Kelley — Sat, 14 Jan 2012 01:39:48 GMT

German heavylift giant’s US service affiliate hunts project cargoes after adding sixth vessel to fledgling rotation.

Capital scores extensions

Aaron Kelley — Sat, 14 Jan 2012 00:52:42 GMT

Evangelos Marinakis-backed product tanker owner trims day rates as charterer adds time to contract clock.

Dry to keep on dropping

Andy Pierce — Fri, 13 Jan 2012 16:26:44 GMT

Baltic Dry Index has further to fall and may touch last year’s bottom, Jefferies says.

OSG to trim UK arm

Andy Pierce — Fri, 13 Jan 2012 15:38:25 GMT

US giant is looking to shift crude tanker operation from Newcastle to Athens to cut costs, CEO confirms.

JP Morgan cuts TK interest

Andy Pierce — Fri, 13 Jan 2012 13:44:29 GMT

Investment bank has dumped shares worth over $45m in the New York-listed tanker owner.

Golar deal another marker

Andy Pierce — Fri, 13 Jan 2012 12:15:09 GMT

Period charter for Golar Arctic generates another wave of excitement in LNG sector.

NOL inks debt deal

Jason O'Connell — Fri, 13 Jan 2012 12:10:11 GMT

Singaporean containership owner finalises financing for bigger boxships under construction at Korean yards.

Saverys sells Clarksons stock

Andy Pierce — Fri, 13 Jan 2012 11:25:09 GMT

Marc Saverys-led CMB cashes in shares worth over �8m in London-listed shipbroker.

CHEC eyes Venezuela

Aaron Kelley — Thu, 12 Jan 2012 21:49:30 GMT

China Harbour Engineering in talks to invest $600m in Puerto Cabello logistics complex and other Venezuelan port projects.

Canada nears ‘new era’

Aaron Kelley — Thu, 12 Jan 2012 21:01:51 GMT

Stephen Harper says $35bn worth of shipbuilding contracts will provide three decades of stability for Canadian yards.

Pacific Drilling sets sail

Aaron Kelley — Thu, 12 Jan 2012 16:45:58 GMT

Ofer-backed drillship owner begins to abandon Oslo OTC as shares shift from Norway to New York.

Grieg in Atlantic upgrade

Aaron Kelley — Thu, 12 Jan 2012 16:10:28 GMT

Norwegian owner adds another open-hatch bulker to Atlantic run in response to cargo spike.

NNA mints five fixtures

Aaron Kelley — Thu, 12 Jan 2012 15:35:48 GMT

Angeliki Frangou-led tanker owner poised to squeeze $37m out of freshly minted product carrier contracts.

SapuraCrest goes Dutch

Jason O'Connell — Thu, 12 Jan 2012 15:32:40 GMT

Malaysian offshore company pens pipelaying support duo at IHC Merwede Offshore and Marine.

Seaspan goes for more

Jason O'Connell — Thu, 12 Jan 2012 14:46:15 GMT

Gerry Wang-led boxship owner to purchase 11.3 million shares after buy-back tender is oversubscribed.

Mothership rumbled by Navy

Andy Pierce — Thu, 12 Jan 2012 12:44:11 GMT

Pirated Greek tanker which had gone walkabout is forced back to the Somali coast.

Ezra Holdings wins more

Jason O'Connell — Thu, 12 Jan 2012 11:58:21 GMT

Lionel Lee’s offshore outfit racks up the new deals in 2012 as it waits for subsea to boost bottom line.

Macquarie's alliance alarm

Andy Pierce — Thu, 12 Jan 2012 11:52:36 GMT

Containership owners need to join capacity withdrawal effort not just link arms, analyst believes.

Blystad to bag GCL cash

Trond Lillestolen — Thu, 12 Jan 2012 10:56:17 GMT

Norwegian investor to cash in his remaining chips in Offshore Heavy Transport with a $100m cheque from Chinese owner thought to be imminent.

Lloyd Fonds CFO quits

Andy Pierce — Thu, 12 Jan 2012 10:42:10 GMT

Michael Seidel departs by mutual agreement after spat about direction of the German financier.

EOC profit shoots up

Andy Pierce — Thu, 12 Jan 2012 09:44:19 GMT

Ezra spin-off trumpets progress in the FPSO market after bottom line takes flight.

Broking brighter for Braemar

Andy Pierce — Thu, 12 Jan 2012 09:02:35 GMT

Stronger showings from chartering and S&P desks help London-listed firm to a better quarter.

Asset values: It could be worse

Aaron Kelley — Wed, 11 Jan 2012 21:07:30 GMT

Vessel values in the shipping arena may be in flux but remain well above lows seen by owners of specialised municipal tonnage.