RSS for TradeWinds, Americas

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

‘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.

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.

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.

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.

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.

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.

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.

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.

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.

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.