RSS for TradeWinds http://www.tradewindsnews.com Latest news from TradeWindsNews.com en TradeWinds en TradeWinds Regulation fuels reality check http://www.tradewindsnews.com/drycargo/article667656.ece <p> Clarkson analyst says Indonesia’s efforts to curb mineral exports will hurt but may buoy bulker market in the long-term. </p> Wed, 16 May 2012 20:01:12 GMT http://www.tradewindsnews.com/drycargo/article667656.ece Aaron Kelley 2012-05-16T20:01:12Z Sanko stuck in limbo http://www.tradewindsnews.com/finance/article667663.ece <p> Seized bulker still in custody after Cobelfret helps troubled Japanese operator clear first hurdle in race to lift arrest. </p> Wed, 16 May 2012 17:48:12 GMT http://www.tradewindsnews.com/finance/article667663.ece Aaron Kelley 2012-05-16T17:48:12Z Business as usual? http://www.tradewindsnews.com/offshore/article667657.ece <p> Dockwise’s takeover target keeps its cool despite unwelcomed advances as it locks in juicy deal with John Fredriksen's Seadrill. </p> Wed, 16 May 2012 16:18:59 GMT http://www.tradewindsnews.com/offshore/article667657.ece Aaron Kelley 2012-05-16T16:18:59Z Pacific-Gulf in the hot seat http://www.tradewindsnews.com/andalso/article667659.ece <p> Lebanese shipper races to seize US-flagged heavylift vessel following damage to gas turbine destined for Iraq. </p> Wed, 16 May 2012 15:20:54 GMT http://www.tradewindsnews.com/andalso/article667659.ece Aaron Kelley 2012-05-16T15:20:54Z Fairstar chokes on poison pill http://www.tradewindsnews.com/finance/article667650.ece <p> Oslo-listed owner bats away “low ball” takeover bid and gives Dockwise a dressing down. </p> Wed, 16 May 2012 08:35:14 GMT http://www.tradewindsnews.com/finance/article667650.ece Andy Pierce 2012-05-16T08:35:14Z Box exit burns MISC again http://www.tradewindsnews.com/liner/article667649.ece <p> Departure from container shipping arena drags Malaysian owner deeper into the red in the first quarter. </p> Wed, 16 May 2012 07:55:17 GMT http://www.tradewindsnews.com/liner/article667649.ece Andy Pierce 2012-05-16T07:55:17Z NewLead bets on bluegrass http://www.tradewindsnews.com/drycargo/article667643.ece <p> US-listed owner lines up surprise Kentucky thermal coal venture as massive debt load and losses prompt strategy shift. </p> Wed, 16 May 2012 00:28:37 GMT http://www.tradewindsnews.com/drycargo/article667643.ece Aaron Kelley 2012-05-16T00:28:37Z Allied ices talk of Achilles heel http://www.tradewindsnews.com/finance/article667569.ece <p> Embattled Greek bulker clan's legal eagle says dry downturn wasn’t the root cause of crippling cash squeeze. </p> Tue, 15 May 2012 22:14:59 GMT http://www.tradewindsnews.com/finance/article667569.ece Aaron Kelley 2012-05-15T22:14:59Z Allied lunges for lifeline http://www.tradewindsnews.com/drycargo/article667568.ece <p> Dimitris Marinis-backed operator says cash infusion will be the key to avoiding insolvency and restoring tarnished reputation. </p> Tue, 15 May 2012 17:38:03 GMT http://www.tradewindsnews.com/drycargo/article667568.ece Aaron Kelley 2012-05-15T17:38:03Z WesternGeco sheds OSV http://www.tradewindsnews.com/shipsales/article667564.ece <p> Schlumberger’s seismic division sells vintage offshore-support vessel in a transaction backed by mystery buyers. </p> Tue, 15 May 2012 14:45:05 GMT http://www.tradewindsnews.com/shipsales/article667564.ece Aaron Kelley 2012-05-15T14:45:05Z Farstad better in the first http://www.tradewindsnews.com/offshore/article667565.ece <p> Norwegian offshore owner puts up improved quarterly figures despite sales losses. </p> Tue, 15 May 2012 14:41:27 GMT http://www.tradewindsnews.com/offshore/article667565.ece Andy Pierce 2012-05-15T14:41:27Z Platou boost for Golar http://www.tradewindsnews.com/finance/article667640.ece <p> Falling share price draws an upgrade from analysts at Norwegian finance house. </p> Tue, 15 May 2012 13:39:11 GMT http://www.tradewindsnews.com/finance/article667640.ece Andy Pierce 2012-05-15T13:39:11Z DVB takes a dip in the first http://www.tradewindsnews.com/finance/article667625.ece <p> Wolfgang Driese-led bank sees its first quarter numbers take a backward step in a difficult market. </p> Tue, 15 May 2012 11:53:03 GMT http://www.tradewindsnews.com/finance/article667625.ece Andy Pierce 2012-05-15T11:53:03Z Carsten takes stock http://www.tradewindsnews.com/drycargo/article667636.ece <p> Norden CEO buys up $170,000 worth of shares in the shipowner as he talks tactics on expansion and recruitment. </p> Tue, 15 May 2012 11:08:32 GMT http://www.tradewindsnews.com/drycargo/article667636.ece Andy Pierce 2012-05-15T11:08:32Z Deeper red for STX PO http://www.tradewindsnews.com/drycargo/article667631.ece <p> South Korean owner sees first quarter deficit double following slump in major markets. </p> Tue, 15 May 2012 09:34:02 GMT http://www.tradewindsnews.com/drycargo/article667631.ece Andy Pierce 2012-05-15T09:34:02Z STX PO pens $80m order http://www.tradewindsnews.com/shipsales/article667623.ece <p> South Korean shipowner looks to spread its wings further in the heavy-lift sector. </p> Tue, 15 May 2012 08:58:13 GMT http://www.tradewindsnews.com/shipsales/article667623.ece Andy Pierce 2012-05-15T08:58:13Z Norden red but ahead in Q1 http://www.tradewindsnews.com/drycargo/article667624.ece <p> Danish owner sees bottom line change colour thanks to a huge impairment, but its adjusted figures beat forecasts. </p> Tue, 15 May 2012 07:58:10 GMT http://www.tradewindsnews.com/drycargo/article667624.ece Andy Pierce 2012-05-15T07:58:10Z Arbitration avalanche http://www.tradewindsnews.com/finance/article667613.ece <p> Globus Maritime’s first-quarter financials overshadowed by $2.5m in unsettled claims against Transgrain and Allied Maritime. </p> Mon, 14 May 2012 21:42:34 GMT http://www.tradewindsnews.com/finance/article667613.ece Aaron Kelley 2012-05-14T21:42:34Z Titan nears tipping point http://www.tradewindsnews.com/finance/article667612.ece <p> Cash-strapped owner in dire straits as it sheds ageing product tankers while Grand China drama continues unresolved. </p> Mon, 14 May 2012 20:08:30 GMT http://www.tradewindsnews.com/finance/article667612.ece Aaron Kelley 2012-05-14T20:08:30Z Cockett’s coup http://www.tradewindsnews.com/andalso/article667611.ece <p> Overseas expansion looks increasingly likely as Connecticut-based bunker veteran storms Grindrod oil unit’s top ranks. </p> Mon, 14 May 2012 18:34:01 GMT http://www.tradewindsnews.com/andalso/article667611.ece Aaron Kelley 2012-05-14T18:34:01Z Analysts line Capital catwalk http://www.tradewindsnews.com/finance/article667608.ece <p> Terms of nine-digit fundraising exercise met by mixed reviews on Wall Street but most agree payout preservation is positive. </p> Mon, 14 May 2012 16:49:06 GMT http://www.tradewindsnews.com/finance/article667608.ece Aaron Kelley 2012-05-14T16:49:06Z Jam-packed http://www.tradewindsnews.com/shipsales/article667603.ece <p> KS Maritime continues to clean house while scrap heaps overflow on the heels of demolition avalanche. </p> Mon, 14 May 2012 14:59:44 GMT http://www.tradewindsnews.com/shipsales/article667603.ece Aaron Kelley 2012-05-14T14:59:44Z GSL off to steady start http://www.tradewindsnews.com/finance/article667601.ece <p> New York-quoted containership owner sees hope on the horizon following profitable quarter and freight rate increase. </p> Mon, 14 May 2012 14:09:40 GMT http://www.tradewindsnews.com/finance/article667601.ece Aaron Kelley 2012-05-14T14:09:40Z Shot clock keeps ticking http://www.tradewindsnews.com/finance/article667559.ece <p> Struggling Danish owner sees light at the end of the tunnel as it begins “final documentation” of long-awaited financial overhaul. </p> Fri, 11 May 2012 20:32:15 GMT http://www.tradewindsnews.com/finance/article667559.ece Aaron Kelley 2012-05-11T20:32:15Z DB blasts EGLE pay plan http://www.tradewindsnews.com/drycargo/article667558.ece <p> Chief executive’s paycheck thrust back into the spotlight despite cuts as insolvency concerns climb and earnings slip. </p> Fri, 11 May 2012 19:32:16 GMT http://www.tradewindsnews.com/drycargo/article667558.ece Aaron Kelley 2012-05-11T19:32:16Z Fairstar fires back http://www.tradewindsnews.com/finance/article667557.ece <p> Takeover talks turn increasingly hostile as CEO warns Dockwise "the boys at Pareto" can't bully shareholders into submission. </p> Fri, 11 May 2012 17:53:42 GMT http://www.tradewindsnews.com/finance/article667557.ece Aaron Kelley 2012-05-11T17:53:42Z Knightsbridge nightmare http://www.tradewindsnews.com/finance/article667556.ece <p> Leading equity analyst questions fate of John Fredriksen-backed owner’s dividend amid threats from 'problem charters'. </p> Fri, 11 May 2012 16:09:42 GMT http://www.tradewindsnews.com/finance/article667556.ece Aaron Kelley 2012-05-11T16:09:42Z Uncertainty fuels cut at VLCCF http://www.tradewindsnews.com/finance/article667549.ece <p> Knightsbridge Tankers takes scissors to quarterly payout for the first time since 2008 as counterparty risk mounts. </p> Fri, 11 May 2012 14:58:52 GMT http://www.tradewindsnews.com/finance/article667549.ece Aaron Kelley 2012-05-11T14:58:52Z Hanjin hurting in Q1 http://www.tradewindsnews.com/finance/article667449.ece <p> South Korean owner sinks beyond forecasts as it posts a loss in the opening three months of the year. </p> Fri, 11 May 2012 10:05:08 GMT http://www.tradewindsnews.com/finance/article667449.ece Andy Pierce 2012-05-11T10:05:08Z Koenig concedes defeat http://www.tradewindsnews.com/liner/article667532.ece <p> Tobias Koenig and Rudy Mack shed new light on collapse of failed US feeder service in a candid email to supporters. </p> Thu, 10 May 2012 20:50:45 GMT http://www.tradewindsnews.com/liner/article667532.ece Aaron Kelley 2012-05-10T20:50:45Z Dynacom tanker hijacked http://www.tradewindsnews.com/piracy/article667528.ece <p> Journey from Port Said ends prematurely as gun-toting assailants seize Greek suezmax Smyrni. </p> Thu, 10 May 2012 16:28:52 GMT http://www.tradewindsnews.com/piracy/article667528.ece Aaron Kelley 2012-05-10T16:28:52Z Bank owners welcomed http://www.tradewindsnews.com/finance/article667527.ece <p> Torm boss is happy to have lenders as shareholders as giant restructuring remains on track. </p> Thu, 10 May 2012 15:40:36 GMT http://www.tradewindsnews.com/finance/article667527.ece Andy Pierce 2012-05-10T15:40:36Z Black cloud plagues EGLE http://www.tradewindsnews.com/drycargo/article667525.ece <p> Shares of US-quoted bulker owner suffer double-digit drop as unresolved debt drama overshadows earnings beat. </p> Thu, 10 May 2012 15:39:20 GMT http://www.tradewindsnews.com/drycargo/article667525.ece Aaron Kelley 2012-05-10T15:39:20Z Sanko breaks silence http://www.tradewindsnews.com/drycargo/article667518.ece <p> Distressed Japanese operator confirms bulker arrest in US but insists majority of shipowners support temporary pay freeze. </p> Thu, 10 May 2012 14:22:30 GMT http://www.tradewindsnews.com/drycargo/article667518.ece Aaron Kelley 2012-05-10T14:22:30Z WW smashes Q1 bets http://www.tradewindsnews.com/finance/article667503.ece <p> Stellar shipping performance sees car carrier owner race past forecasts in the opening three months of the year. </p> Thu, 10 May 2012 09:19:54 GMT http://www.tradewindsnews.com/finance/article667503.ece Andy Pierce 2012-05-10T09:19:54Z Fuel bill burns Hapag-Lloyd http://www.tradewindsnews.com/finance/article667504.ece <p> Germany’s flagship carrier racks up first quarter loss and warns rate hikes will not block further reversals. </p> Thu, 10 May 2012 08:31:01 GMT http://www.tradewindsnews.com/finance/article667504.ece Andy Pierce 2012-05-10T08:31:01Z Red ink runs deeper at Torm http://www.tradewindsnews.com/finance/article667502.ece <p> Restructuring costs and loss-making sales hurt Danish owner in Q1 as the question about its future lingers. </p> Thu, 10 May 2012 08:07:59 GMT http://www.tradewindsnews.com/finance/article667502.ece Andy Pierce 2012-05-10T08:07:59Z Eagle springs split http://www.tradewindsnews.com/finance/article667493.ece <p> Sophocles Zoullas in the driver's seat as bulker owner attempts to resuscitate share price on the heels of quarterly deficit. </p> Wed, 09 May 2012 21:23:02 GMT http://www.tradewindsnews.com/finance/article667493.ece Aaron Kelley 2012-05-09T21:23:02Z Solstad strikes http://www.tradewindsnews.com/offshore/article667392.ece <p> Oslo-listed owner prepares to pounce on offshore unit after boosting bottom line in the first quarter. </p> Wed, 09 May 2012 18:32:11 GMT http://www.tradewindsnews.com/offshore/article667392.ece Aaron Kelley 2012-05-09T18:32:11Z Pierce poaches Partridge duo http://www.tradewindsnews.com/andalso/article667391.ece <p> Boston, Massachusetts-based law firm expands admiralty line-up with recruits from Partridge Snow & Hahn. </p> Wed, 09 May 2012 16:56:20 GMT http://www.tradewindsnews.com/andalso/article667391.ece Aaron Kelley 2012-05-09T16:56:20Z Newbuilds on the barbie http://www.tradewindsnews.com/drycargo/article667387.ece <p> Safe Bulkers predicts painful price drop at leading shipyards as it mulls fresh investments in fuel-efficient tonnage. </p> Wed, 09 May 2012 15:50:57 GMT http://www.tradewindsnews.com/drycargo/article667387.ece Aaron Kelley 2012-05-09T15:50:57Z GasLog wins two thumbs up http://www.tradewindsnews.com/finance/article667383.ece <p> Evercore and JP Morgan analysts like the look of shares in newly listed LNG firm. </p> Wed, 09 May 2012 11:22:21 GMT http://www.tradewindsnews.com/finance/article667383.ece Andy Pierce 2012-05-09T11:22:21Z Deeper red for NOL http://www.tradewindsnews.com/finance/article667277.ece <p> Singapore-listed container line burns cash for the fifth successive quarter as higher fuel prices and lower rates bite. </p> Wed, 09 May 2012 10:31:16 GMT http://www.tradewindsnews.com/finance/article667277.ece Andy Pierce 2012-05-09T10:31:16Z Tankers help Odfjell beat bets http://www.tradewindsnews.com/finance/article667269.ece <p> Jan Hammer-led owner puts up stronger than expected first quarter figures as chemical tanker spot market improves. </p> Wed, 09 May 2012 09:21:33 GMT http://www.tradewindsnews.com/finance/article667269.ece Andy Pierce 2012-05-09T09:21:33Z Costamare ahead in Q1 http://www.tradewindsnews.com/finance/article667270.ece <p> Constantinos Constantakopoulos-led firm tops Wall Street forecasts in the first three months of 2012. </p> Wed, 09 May 2012 08:36:32 GMT http://www.tradewindsnews.com/finance/article667270.ece Andy Pierce 2012-05-09T08:36:32Z Cosco shunned by Vale http://www.tradewindsnews.com/drycargo/article667268.ece <p> Brazilian miner is refusing to charter Cosco vessels as VLOC war takes another twist. </p> Wed, 09 May 2012 07:57:40 GMT http://www.tradewindsnews.com/drycargo/article667268.ece Andy Pierce 2012-05-09T07:57:40Z Safe eyes eco-bulkers http://www.tradewindsnews.com/drycargo/article667366.ece <p> US-listed bulker owner’s appetite for energy-efficient newbuildings undeterred by drop in first-quarter profit, president says. </p> Tue, 08 May 2012 21:03:33 GMT http://www.tradewindsnews.com/drycargo/article667366.ece Aaron Kelley 2012-05-08T21:03:33Z Bocimar seals cape coup http://www.tradewindsnews.com/shipsales/article667364.ece <p> Belgian owner confirms acquisition of bulker resales originally ordered by Grand China in deal worth an estimated $73m. </p> Tue, 08 May 2012 16:57:14 GMT http://www.tradewindsnews.com/shipsales/article667364.ece Aaron Kelley 2012-05-08T16:57:14Z NAT clings to hit list http://www.tradewindsnews.com/shipsales/article667363.ece <p> US-quoted owner still has what it takes to snap up suezmaxes and dish out dividend despite earnings miss, analyst says. </p> Tue, 08 May 2012 16:05:41 GMT http://www.tradewindsnews.com/shipsales/article667363.ece Aaron Kelley 2012-05-08T16:05:41Z NNA defies Street prophecy http://www.tradewindsnews.com/tankers/article667355.ece <p> Red ink stains Angeliki Frangou-backed tanker owner in the first but results are still above key market indicator. </p> Tue, 08 May 2012 15:04:16 GMT http://www.tradewindsnews.com/tankers/article667355.ece Aaron Kelley 2012-05-08T15:04:16Z Jinhui faces profit slump http://www.tradewindsnews.com/finance/article667335.ece <p> Oslo-listed bulker owner braces investors for a significant decline in its first quarter bottom line. </p> Tue, 08 May 2012 08:55:11 GMT http://www.tradewindsnews.com/finance/article667335.ece Andy Pierce 2012-05-08T08:55:11Z Slump beats Braemar profit http://www.tradewindsnews.com/finance/article667334.ece <p> Alan Marsh-led shipbroker sees its full-year numbers dragged down by weak markets and a falling orderbook. </p> Tue, 08 May 2012 08:26:20 GMT http://www.tradewindsnews.com/finance/article667334.ece Andy Pierce 2012-05-08T08:26:20Z Investors eye seismic exit http://www.tradewindsnews.com/offshore/article667322.ece <p> Oslo-listed offshore syndicate launches offer to reel in remaining shares of 3D affiliate Armada Seismic. </p> Mon, 07 May 2012 18:25:25 GMT http://www.tradewindsnews.com/offshore/article667322.ece Aaron Kelley 2012-05-07T18:25:25Z Pool party http://www.tradewindsnews.com/tankers/article667321.ece <p> Details remain scarce as Nordic American and Frontline-backed suezmax venture pen Atlantic Basin pact with US oil giant. </p> Mon, 07 May 2012 17:33:45 GMT http://www.tradewindsnews.com/tankers/article667321.ece Aaron Kelley 2012-05-07T17:33:45Z Excel sets sights on ATM http://www.tradewindsnews.com/finance/article667320.ece <p> Dry downturn and at-the-market stock offerings may threaten US-listed bulker owner’s share price, Wells Fargo warns. </p> Mon, 07 May 2012 15:34:57 GMT http://www.tradewindsnews.com/finance/article667320.ece Aaron Kelley 2012-05-07T15:34:57Z Street scans GLNG tea leaves http://www.tradewindsnews.com/finance/article667318.ece <p> Now is the time to grab shares of Golar as sale of FSRU to Times Square-quoted compatriot may be imminent, analyst says. </p> Mon, 07 May 2012 14:32:33 GMT http://www.tradewindsnews.com/finance/article667318.ece Aaron Kelley 2012-05-07T14:32:33Z DSX quest continues http://www.tradewindsnews.com/shipsales/article667250.ece <p> CEO says Diana Shipping is ready to tap cash reserves following profitable first quarter as it prepares to pounce on bulkers </p> Thu, 03 May 2012 20:41:12 GMT http://www.tradewindsnews.com/shipsales/article667250.ece Aaron Kelley 2012-05-03T20:41:12Z Genmar nears final chapter http://www.tradewindsnews.com/tankers/article667253.ece <p> Judge prepares to unshackle Peter Georgiopoulos-led owner from chains of Chapter 11 as it lines up sale of ageing tanker. </p> Thu, 03 May 2012 18:59:43 GMT http://www.tradewindsnews.com/tankers/article667253.ece Aaron Kelley 2012-05-03T18:59:43Z Deiulemar Compagnia bust http://www.tradewindsnews.com/drycargo/article667252.ece <p> Ailing Italian operator declared bankrupt after losing intense battle to relieve pressure linked to $1.12bn debt load. </p> Thu, 03 May 2012 18:10:23 GMT http://www.tradewindsnews.com/drycargo/article667252.ece Ian Lewis 2012-05-03T18:10:23Z Navios closes in on war chest http://www.tradewindsnews.com/shipsales/article667251.ece <p> JP Morgan says owner will have the fuel to fund raid on five capes or eight panamaxes when dust settles on $70m offering. </p> Thu, 03 May 2012 16:38:39 GMT http://www.tradewindsnews.com/shipsales/article667251.ece Aaron Kelley 2012-05-03T16:38:39Z Courage exits cape arena http://www.tradewindsnews.com/shipsales/article667235.ece <p> Asian bulker owner says cash from demolition deal will aid future campaign to add tonnage to dwindling dry arsenal. </p> Thu, 03 May 2012 15:33:54 GMT http://www.tradewindsnews.com/shipsales/article667235.ece Aaron Kelley 2012-05-03T15:33:54Z Aeolos in supreme court win http://www.tradewindsnews.com/tankers/article667242.ece <p> Judges find in favour of owner of Greek VLCC overturning charter ruling for Petrobras. </p> Thu, 03 May 2012 09:30:24 GMT http://www.tradewindsnews.com/tankers/article667242.ece Jim Mulrenan 2012-05-03T09:30:24Z Navios prepares to strike http://www.tradewindsnews.com/drycargo/article667228.ece <p> Navios Maritime Partners makes good on a promise to pursue dry acquisitions as it prepares to hatch $75m fundraiser. </p> Wed, 02 May 2012 21:52:30 GMT http://www.tradewindsnews.com/drycargo/article667228.ece Aaron Kelley 2012-05-02T21:52:30Z FR8 tanker strikes rig http://www.tradewindsnews.com/shipsales/article667206.ece <p> Singaporean products carrier with ties to Torm suffers flooding after crashing into jack-up in the US Gulf. </p> Wed, 02 May 2012 20:57:24 GMT http://www.tradewindsnews.com/shipsales/article667206.ece Aaron Kelley 2012-05-02T20:57:24Z Diana defrosts cheque book http://www.tradewindsnews.com/shipsales/article667176.ece <p> Top brass at boxship owner sheds light on fleet expansion, fuel efficiency and the ‘sweet spot’ in today’s cycle. </p> Wed, 02 May 2012 19:10:29 GMT http://www.tradewindsnews.com/shipsales/article667176.ece Aaron Kelley 2012-05-02T19:10:29Z ‘The Scream’ sets sail http://www.tradewindsnews.com/andalso/article667117.ece <p> Brother of Norwegian shipping magnate Fred Olsen tosses iconic Munch painting on the auction block in New York. </p> Wed, 02 May 2012 16:39:15 GMT http://www.tradewindsnews.com/andalso/article667117.ece Aaron Kelley 2012-05-02T16:39:15Z DCIX lifts payout http://www.tradewindsnews.com/finance/article667109.ece <p> Simeon Palios says another dividend hike may be on the horizon as beefed up box arsenal boosts bottom line. </p> Wed, 02 May 2012 14:34:04 GMT http://www.tradewindsnews.com/finance/article667109.ece Aaron Kelley 2012-05-02T14:34:04Z Counterparty in the crosshairs http://www.tradewindsnews.com/drycargo/article667092.ece <p> Jiangsu Zhongyuan Electric Power Fuel pleads ignorance amid accusations of dry default and unpaid arbitration award. </p> Tue, 01 May 2012 22:15:18 GMT http://www.tradewindsnews.com/drycargo/article667092.ece Aaron Kelley 2012-05-01T22:15:18Z MDR clinches BG pledge http://www.tradewindsnews.com/offshore/article667102.ece <p> New York-listed offshore contractor poised to cash in on engineering and transport deal tied to Caribbean gas platforms. </p> Tue, 01 May 2012 19:28:50 GMT http://www.tradewindsnews.com/offshore/article667102.ece Aaron Kelley 2012-05-01T19:28:50Z Total offshoot chugs MR tonic http://www.tradewindsnews.com/tankers/article667101.ece <p> Rates sail south week-on-week as market digests talk of freshly minted fixtures involving CSSA, Maersk and D'Amico. </p> Tue, 01 May 2012 17:25:08 GMT http://www.tradewindsnews.com/tankers/article667101.ece Aaron Kelley 2012-05-01T17:25:08Z ADM upbeat despite dip http://www.tradewindsnews.com/drycargo/article667091.ece <p> Sluggish ethanol market and lower grain exports overshadow gains at US commodities syndicate’s transport unit. </p> Tue, 01 May 2012 15:57:01 GMT http://www.tradewindsnews.com/drycargo/article667091.ece Aaron Kelley 2012-05-01T15:57:01Z Red ink on the horizon http://www.tradewindsnews.com/drycargo/article667088.ece <p> Nasdaq-quoted bulker owner readies red pen in anticipation of $88m loss. </p> Tue, 01 May 2012 14:23:46 GMT http://www.tradewindsnews.com/drycargo/article667088.ece Aaron Kelley 2012-05-01T14:23:46Z NewLead sounds the alarm http://www.tradewindsnews.com/finance/article667085.ece <p> Michael Zolotas and Nick Fistes backed owner raises substantial doubts about its future amid hefty full-year loss. </p> Tue, 01 May 2012 11:25:52 GMT http://www.tradewindsnews.com/finance/article667085.ece Andy Pierce 2012-05-01T11:25:52Z Arctic runs GNK health check http://www.tradewindsnews.com/drycargo/article667069.ece <p> New York-listed bulker owner may run out of cash next year unless banks help or the market turns, analyst says. </p> Tue, 01 May 2012 10:26:07 GMT http://www.tradewindsnews.com/drycargo/article667069.ece Andy Pierce 2012-05-01T10:26:07Z Eagle Bulk wins more time http://www.tradewindsnews.com/finance/article667081.ece <p> Sophocles Zoullas-led owner handed an additional month to solve $1bn debt dilemma. </p> Tue, 01 May 2012 09:44:01 GMT http://www.tradewindsnews.com/finance/article667081.ece Andy Pierce 2012-05-01T09:44:01Z Aase predicts profit spike http://www.tradewindsnews.com/offshore/article667075.ece <p> Dof chief foresees significant boost in bottom line in the years ahead after bagging a pay rise in 2011. </p> Tue, 01 May 2012 08:54:44 GMT http://www.tradewindsnews.com/offshore/article667075.ece Andy Pierce 2012-05-01T08:54:44Z Broker voices MR caution http://www.tradewindsnews.com/tankers/article667070.ece <p> Disproportionate ordering and clearer demand picture means market prospects may not be as bright as some hoped, ICAP says. </p> Tue, 01 May 2012 08:15:12 GMT http://www.tradewindsnews.com/tankers/article667070.ece Andy Pierce 2012-05-01T08:15:12Z Norborg quits Norden post http://www.tradewindsnews.com/drycargo/article667057.ece <p> Dry-cargo chief departs Danish owner to take up a leading role at Gearbulk UK. </p> Mon, 30 Apr 2012 15:31:13 GMT http://www.tradewindsnews.com/drycargo/article667057.ece Andy Pierce 2012-04-30T15:31:13Z Nielsen suspended http://www.tradewindsnews.com/tankers/article667034.ece <p> UPDATED: BP chartering chief denies wrongdoing amid reports he has been placed on leave as oil major investigates his potential involvement in bribery claims. </p> Mon, 30 Apr 2012 10:36:54 GMT http://www.tradewindsnews.com/tankers/article667034.ece Andy Pierce 2012-04-30T10:36:54Z Odfjell in scrap pact http://www.tradewindsnews.com/tankers/article667025.ece <p> Oslo-listed owner collects over $6m from the disposal of a tanker. </p> Mon, 30 Apr 2012 09:21:11 GMT http://www.tradewindsnews.com/tankers/article667025.ece Andy Pierce 2012-04-30T09:21:11Z Star slips below zero http://www.tradewindsnews.com/finance/article667028.ece <p> Oslo-listed owner falls fractionally into the red in Q1 following peak-season no-show. </p> Mon, 30 Apr 2012 08:33:47 GMT http://www.tradewindsnews.com/finance/article667028.ece Andy Pierce 2012-04-30T08:33:47Z Big John orders again http://www.tradewindsnews.com/offshore/article667026.ece <p> Seadrill places its second contract with Samsung in three months and continues to talk of more newbuilds in the pipeline. </p> Mon, 30 Apr 2012 07:58:14 GMT http://www.tradewindsnews.com/offshore/article667026.ece Andy Pierce 2012-04-30T07:58:14Z NYK to lead big three http://www.tradewindsnews.com/finance/article667009.ece <p> Macquarie Capital tips MOL and K Line to lag behind as NYK’s car carriers come to the party. </p> Fri, 27 Apr 2012 15:12:23 GMT http://www.tradewindsnews.com/finance/article667009.ece Andy Pierce 2012-04-27T15:12:23Z Samskip snaps up a brace http://www.tradewindsnews.com/liner/article667000.ece <p></p> <p> Icelandic owner takes on a couple of small vessels having bagged a loan from German banks. </p> Fri, 27 Apr 2012 13:54:46 GMT http://www.tradewindsnews.com/liner/article667000.ece Andy Pierce 2012-04-27T13:54:46Z K Line adds to red tide http://www.tradewindsnews.com/finance/article666999.ece <p> Tokyo-listed owner joins compatriots MOL and NYK in posting a full-year loss. </p> Fri, 27 Apr 2012 11:03:20 GMT http://www.tradewindsnews.com/finance/article666999.ece Andy Pierce 2012-04-27T11:03:20Z Carras Hellas in charter win http://www.tradewindsnews.com/drycargo/article666993.ece <p> Arbitration overturned as Greek owner secures key ruling over Shagang repudiation of five year capesize charterparty. </p> Fri, 27 Apr 2012 10:28:27 GMT http://www.tradewindsnews.com/drycargo/article666993.ece Jim Mulrenan 2012-04-27T10:28:27Z Samsung strong in Q1 http://www.tradewindsnews.com/finance/article666987.ece <p> South Korean shipbuilder’s profit tops forecasts in the opening three months of 2012. </p> Fri, 27 Apr 2012 08:23:20 GMT http://www.tradewindsnews.com/finance/article666987.ece Andy Pierce 2012-04-27T08:23:20Z China Cosco losses amplify http://www.tradewindsnews.com/drycargo/article666945.ece <p> Chinese shipping titan sheds over $400m in the first quarter dominated by bulker and boxship blues. </p> Thu, 26 Apr 2012 14:11:53 GMT http://www.tradewindsnews.com/drycargo/article666945.ece Andy Pierce 2012-04-26T14:11:53Z Newbuildings top wish list http://www.tradewindsnews.com/shipsales/article666950.ece <p> D’Amico chief Marco Fiori says fresh orders await once he is sure the corner has been turned. </p> Thu, 26 Apr 2012 13:21:02 GMT http://www.tradewindsnews.com/shipsales/article666950.ece Andy Pierce 2012-04-26T13:21:02Z D’Amico remains in the red http://www.tradewindsnews.com/finance/article666944.ece <p> Milan-listed tanker owner cuts its first quarter deficit in what it claims to be one of its best periods since 2009. </p> Thu, 26 Apr 2012 11:57:08 GMT http://www.tradewindsnews.com/finance/article666944.ece Andy Pierce 2012-04-26T11:57:08Z Maersk claims early success http://www.tradewindsnews.com/liner/article666971.ece <p> World’s leading container line says its Daily Maersk initiative is delivering on reliability and emissions reduction. </p> Thu, 26 Apr 2012 10:49:00 GMT http://www.tradewindsnews.com/liner/article666971.ece Andy Pierce 2012-04-26T10:49:00Z Mermaid wins long-term deal http://www.tradewindsnews.com/offshore/article666962.ece <p> TTA offshore spin-off pans two-year charter off Qatar as part of wider $14m charter package. </p> Thu, 26 Apr 2012 10:05:42 GMT http://www.tradewindsnews.com/offshore/article666962.ece Andy Pierce 2012-04-26T10:05:42Z Worst over for CSCL http://www.tradewindsnews.com/liner/article666972.ece <p> Analysts say Hong Kong-listed owner will soon turn the corner after two sticky quarters spent deep in the red. </p> Thu, 26 Apr 2012 09:41:49 GMT http://www.tradewindsnews.com/liner/article666972.ece Andy Pierce 2012-04-26T09:41:49Z Sasebo lowers its sights http://www.tradewindsnews.com/finance/article666964.ece <p> Japanese shipyard braces investors for a smaller profit in the year to the end of March. </p> Thu, 26 Apr 2012 09:16:43 GMT http://www.tradewindsnews.com/finance/article666964.ece Andy Pierce 2012-04-26T09:16:43Z Vale ups piracy fight http://www.tradewindsnews.com/piracy/article666834.ece <p> Miner says it will fit citadels to the giant bulkers it still has on the production line. </p> Wed, 25 Apr 2012 14:56:24 GMT http://www.tradewindsnews.com/piracy/article666834.ece Andy Pierce 2012-04-25T14:56:24Z Fuel bill bites Samudera http://www.tradewindsnews.com/liner/article666859.ece <p> Hefty rise in bunkers wipes out higher revenue and pushes shipowner into the red. </p> Wed, 25 Apr 2012 14:12:05 GMT http://www.tradewindsnews.com/liner/article666859.ece Andy Pierce 2012-04-25T14:12:05Z Cosco Pacific takes a dip http://www.tradewindsnews.com/port/article666829.ece <p> Hong Kong-listed port operator sees its first quarter profit decline by almost 30%. </p> Wed, 25 Apr 2012 10:54:51 GMT http://www.tradewindsnews.com/port/article666829.ece Andy Pierce 2012-04-25T10:54:51Z CSCL burns more cash http://www.tradewindsnews.com/liner/article666827.ece <p> Hong Kong-listed containership owner sees first quarter bottom line drop more than 800% further into the red. </p> Wed, 25 Apr 2012 10:28:38 GMT http://www.tradewindsnews.com/liner/article666827.ece Andy Pierce 2012-04-25T10:28:38Z No storage spur for spot rate http://www.tradewindsnews.com/tankers/article666822.ece <p> Use of half of NITC’s tankers on storage contracts may boost stocks but not earnings, RS Platou Markets says. </p> Wed, 25 Apr 2012 09:23:01 GMT http://www.tradewindsnews.com/tankers/article666822.ece Andy Pierce 2012-04-25T09:23:01Z OSV prices continue to climb http://www.tradewindsnews.com/offshore/article666819.ece <p> Both newbuildings and second hand OSVs saw their values increase in the first quarter, Clarksons says. </p> Wed, 25 Apr 2012 08:48:46 GMT http://www.tradewindsnews.com/offshore/article666819.ece Andy Pierce 2012-04-25T08:48:46Z Seacor profit shoots up http://www.tradewindsnews.com/finance/article666818.ece <p> New York-listed owner sees addition of wind farm vessels spur its first quarter bottom line. </p> Wed, 25 Apr 2012 08:06:04 GMT http://www.tradewindsnews.com/finance/article666818.ece Andy Pierce 2012-04-25T08:06:04Z Oversupply ‘unavoidable’ http://www.tradewindsnews.com/drycargo/article666816.ece <p> Wells Fargo says too much tonnage will remain an issue in dry-bulk for the foreseeable future as it predicts several restructurings. </p> Tue, 24 Apr 2012 15:24:46 GMT http://www.tradewindsnews.com/drycargo/article666816.ece Andy Pierce 2012-04-24T15:24:46Z Sanctions spark storage rush http://www.tradewindsnews.com/andalso/article666791.ece <p> Over half of NITC’s fleet on storage duty as Iran struggles to sell its oil, report says. </p> Tue, 24 Apr 2012 13:55:47 GMT http://www.tradewindsnews.com/andalso/article666791.ece Andy Pierce 2012-04-24T13:55:47Z BLT default burns FSL http://www.tradewindsnews.com/finance/article666801.ece <p> Philip Clausius-led trust slipped deeper into the red in Q1 after contracts with Indonesian owner were shredded. </p> Tue, 24 Apr 2012 12:22:14 GMT http://www.tradewindsnews.com/finance/article666801.ece Andy Pierce 2012-04-24T12:22:14Z Golden venture for Marco http://www.tradewindsnews.com/finance/article666784.ece <p> Singapore-listed company’s exploration into the bunker sector wins backing in the market. </p> Tue, 24 Apr 2012 11:12:07 GMT http://www.tradewindsnews.com/finance/article666784.ece Andy Pierce 2012-04-24T11:12:07Z Cecon closes on Davie deal http://www.tradewindsnews.com/finance/article666793.ece <p> Agreement with Canadian export agency paves the way for troubled shipbuilder to polish off three delayed newbuildings. </p> Tue, 24 Apr 2012 10:45:19 GMT http://www.tradewindsnews.com/finance/article666793.ece Jason O'Connell 2012-04-24T10:45:19Z Boxships flood back to work http://www.tradewindsnews.com/liner/article666783.ece <p> Idle-capacity shrinks by one fifth in just a couple of weeks to help push active fleet to “a new record”. </p> Tue, 24 Apr 2012 10:03:07 GMT http://www.tradewindsnews.com/liner/article666783.ece Andy Pierce 2012-04-24T10:03:07Z OCBC cautious on Cosco http://www.tradewindsnews.com/finance/article666786.ece <p> Investment bank labels Singapore-listed owner and yard with a hold tag amid concerns over volatile earnings. </p> Tue, 24 Apr 2012 08:57:07 GMT http://www.tradewindsnews.com/finance/article666786.ece Andy Pierce 2012-04-24T08:57:07Z Broker tips tanker price tonic http://www.tradewindsnews.com/shipsales/article666789.ece <p> Charles R Weber paints an encouraging picture for the value of modern VLCCs. </p> Tue, 24 Apr 2012 08:51:40 GMT http://www.tradewindsnews.com/shipsales/article666789.ece Andy Pierce 2012-04-24T08:51:40Z Pirates free Marnavi tanker http://www.tradewindsnews.com/piracy/article666747.ece <p> An Italian ship hijacked off Oman in December has been released, officials say. </p> Mon, 23 Apr 2012 15:18:20 GMT http://www.tradewindsnews.com/piracy/article666747.ece Andy Pierce 2012-04-23T15:18:20Z Rem adds to Kleven tally http://www.tradewindsnews.com/offshore/article666764.ece <p> Age Remoy-led offshore owner pens $95m subsea vessel at its favourite shipyard. </p> Mon, 23 Apr 2012 14:34:15 GMT http://www.tradewindsnews.com/offshore/article666764.ece Andy Pierce 2012-04-23T14:34:15Z Marco Polo in bunker push http://www.tradewindsnews.com/finance/article666735.ece <p> Singapore-listed firm joins forces with Marine Tankers in a bid to tap another growth market. </p> Mon, 23 Apr 2012 12:53:17 GMT http://www.tradewindsnews.com/finance/article666735.ece Andy Pierce 2012-04-23T12:53:17Z Rickmers profit dips http://www.tradewindsnews.com/liner/article666731.ece <p> Singapore-listed trust happy with positive start to 2012 despite its bottom line slipping by over a tenth. </p> Mon, 23 Apr 2012 12:18:24 GMT http://www.tradewindsnews.com/liner/article666731.ece Andy Pierce 2012-04-23T12:18:24Z Evercore sees ORIG value http://www.tradewindsnews.com/finance/article666730.ece <p> George Economou’s drilling venture tipped for profit rise and share spike when magnate dilutes holding. </p> Mon, 23 Apr 2012 11:01:34 GMT http://www.tradewindsnews.com/finance/article666730.ece Andy Pierce 2012-04-23T11:01:34Z Villy loses grip on Torm http://www.tradewindsnews.com/finance/article666760.ece <p> Greek magnate to leave the board as his majority stake is sliced to a minimal level by restructuring effort. </p> Mon, 23 Apr 2012 10:19:33 GMT http://www.tradewindsnews.com/finance/article666760.ece Andy Pierce 2012-04-23T10:19:33Z Twin trouble on tanker front http://www.tradewindsnews.com/tankers/article666724.ece <p> Newbuilding arrivals accelerate in first quarter as double-hull demolition lags forecasts, RS Platou Markets says. </p> Mon, 23 Apr 2012 09:22:38 GMT http://www.tradewindsnews.com/tankers/article666724.ece Andy Pierce 2012-04-23T09:22:38Z TTA faces investment probe http://www.tradewindsnews.com/finance/article666749.ece <p> Thai shipowner defends conduct of executives during its purchase of shares in coal importer. </p> Mon, 23 Apr 2012 08:11:23 GMT http://www.tradewindsnews.com/finance/article666749.ece Andy Pierce 2012-04-23T08:11:23Z Titan wins Concordia salvage http://www.tradewindsnews.com/casualties/article666719.ece <p> Crowley Maritime ‘upstart’ set to collaborate with offshore constructor Microperi on huge project to refloat tragic cruiseship. </p> Sun, 22 Apr 2012 22:56:51 GMT http://www.tradewindsnews.com/casualties/article666719.ece Jim Mulrenan 2012-04-22T22:56:51Z Tsakos clan coughs up more http://www.tradewindsnews.com/finance/article666694.ece <p> Leading shareholder digs deeper than expected as Tsakos Energy Navigation pushes through $65m fundraiser. </p> Thu, 19 Apr 2012 13:06:59 GMT http://www.tradewindsnews.com/finance/article666694.ece Andy Pierce 2012-04-19T13:06:59Z IOTC tenders for tonnage http://www.tradewindsnews.com/shipsales/article666521.ece <p> State-owned company is on the lookout for a small crude carrier to boost its fleet. </p> Wed, 18 Apr 2012 09:29:17 GMT http://www.tradewindsnews.com/shipsales/article666521.ece Jason O'Connell 2012-04-18T09:29:17Z Solstad enters Bibby charter http://www.tradewindsnews.com/shipsales/article666492.ece <p> Oslo-listed company signs bareboat deal with Bibby Offshore with option to buy. </p> Tue, 17 Apr 2012 13:09:37 GMT http://www.tradewindsnews.com/shipsales/article666492.ece Jason O'Connell 2012-04-17T13:09:37Z Skaugen inches back to black http://www.tradewindsnews.com/tankers/article666491.ece <p> Oslo-listed chemical tanker owner returns to positive territory despite Middle East uncertainty. </p> Tue, 17 Apr 2012 11:14:34 GMT http://www.tradewindsnews.com/tankers/article666491.ece Jason O'Connell 2012-04-17T11:14:34Z Time to buy Yangzijiang http://www.tradewindsnews.com/shipsales/article666486.ece <p> Analyst says investors should get a slice of Chinese yard before its share price rebounds. </p> Tue, 17 Apr 2012 09:58:04 GMT http://www.tradewindsnews.com/shipsales/article666486.ece Jason O'Connell 2012-04-17T09:58:04Z TGP turns to Oslo for funds http://www.tradewindsnews.com/tankers/article666485.ece <p> New York-listed company swells the ranks tapping Norwegian bond market. </p> Tue, 17 Apr 2012 08:38:54 GMT http://www.tradewindsnews.com/tankers/article666485.ece Jason O'Connell 2012-04-17T08:38:54Z Tributes flood in for legend http://www.tradewindsnews.com/andalso/article666461.ece <p> Current and former employees remember Maersk Mc-Kinney Moller the businessman and the gentleman. </p> Mon, 16 Apr 2012 12:08:35 GMT http://www.tradewindsnews.com/andalso/article666461.ece Andy Pierce 2012-04-16T12:08:35Z DSME to win Q2 duel http://www.tradewindsnews.com/shipsales/article666427.ece <p> Deutsche Bank backs Daewoo to win the most orders among Korea's big three in the second quarter. </p> Mon, 16 Apr 2012 08:41:00 GMT http://www.tradewindsnews.com/shipsales/article666427.ece Andy Pierce 2012-04-16T08:41:00Z Maran firms DSME duo http://www.tradewindsnews.com/shipsales/article666426.ece <p> John Angelicoussis-led company mops up the last of its LNG carrier options at South Korean yard. </p> Mon, 16 Apr 2012 07:51:30 GMT http://www.tradewindsnews.com/shipsales/article666426.ece Andy Pierce 2012-04-16T07:51:30Z