RSS for TradeWinds, Americas

Sanko stuck in limbo

Aaron Kelley — Wed, 16 May 2012 17:48:12 GMT

Seized bulker still in custody after Cobelfret helps troubled Japanese operator clear first hurdle in race to lift arrest.

Pacific-Gulf in the hot seat

Aaron Kelley — Wed, 16 May 2012 15:20:54 GMT

Lebanese shipper races to seize US-flagged heavylift vessel following damage to gas turbine destined for Iraq.

NewLead bets on bluegrass

Aaron Kelley — Wed, 16 May 2012 00:28:37 GMT

US-listed owner lines up surprise Kentucky thermal coal venture as massive debt load and losses prompt strategy shift.

Allied ices talk of Achilles heel

Aaron Kelley — Tue, 15 May 2012 22:14:59 GMT

Embattled Greek bulker clan's legal eagle says dry downturn wasn’t the root cause of crippling cash squeeze.

WesternGeco sheds OSV

Aaron Kelley — Tue, 15 May 2012 14:45:05 GMT

Schlumberger’s seismic division sells vintage offshore-support vessel in a transaction backed by mystery buyers.

Platou boost for Golar

Andy Pierce — Tue, 15 May 2012 13:39:11 GMT

Falling share price draws an upgrade from analysts at Norwegian finance house.

Arbitration avalanche

Aaron Kelley — Mon, 14 May 2012 21:42:34 GMT

Globus Maritime’s first-quarter financials overshadowed by $2.5m in unsettled claims against Transgrain and Allied Maritime.

Cockett’s coup

Aaron Kelley — Mon, 14 May 2012 18:34:01 GMT

Overseas expansion looks increasingly likely as Connecticut-based bunker veteran storms Grindrod oil unit’s top ranks.

Analysts line Capital catwalk

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

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

DB blasts EGLE pay plan

Aaron Kelley — Fri, 11 May 2012 19:32:16 GMT

Chief executive’s paycheck thrust back into the spotlight despite cuts as insolvency concerns climb and earnings slip.

Knightsbridge nightmare

Aaron Kelley — Fri, 11 May 2012 16:09:42 GMT

Leading equity analyst questions fate of John Fredriksen-backed owner’s dividend amid threats from 'problem charters'.

Uncertainty fuels cut at VLCCF

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

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

Koenig concedes defeat

Aaron Kelley — Thu, 10 May 2012 20:50:45 GMT

Tobias Koenig and Rudy Mack shed new light on collapse of failed US feeder service in a candid email to supporters.

Black cloud plagues EGLE

Aaron Kelley — Thu, 10 May 2012 15:39:20 GMT

Shares of US-quoted bulker owner suffer double-digit drop as unresolved debt drama overshadows earnings beat.

Sanko breaks silence

Aaron Kelley — Thu, 10 May 2012 14:22:30 GMT

Distressed Japanese operator confirms bulker arrest in US but insists majority of shipowners support temporary pay freeze.

Eagle springs split

Aaron Kelley — Wed, 09 May 2012 21:23:02 GMT

Sophocles Zoullas in the driver's seat as bulker owner attempts to resuscitate share price on the heels of quarterly deficit.

Pierce poaches Partridge duo

Aaron Kelley — Wed, 09 May 2012 16:56:20 GMT

Boston, Massachusetts-based law firm expands admiralty line-up with recruits from Partridge Snow & Hahn.

GasLog wins two thumbs up

Andy Pierce — Wed, 09 May 2012 11:22:21 GMT

Evercore and JP Morgan analysts like the look of shares in newly listed LNG firm.

Cosco shunned by Vale

Andy Pierce — Wed, 09 May 2012 07:57:40 GMT

Brazilian miner is refusing to charter Cosco vessels as VLOC war takes another twist.

NAT clings to hit list

Aaron Kelley — Tue, 08 May 2012 16:05:41 GMT

US-quoted owner still has what it takes to snap up suezmaxes and dish out dividend despite earnings miss, analyst says.

Pool party

Aaron Kelley — Mon, 07 May 2012 17:33:45 GMT

Details remain scarce as Nordic American and Frontline-backed suezmax venture pen Atlantic Basin pact with US oil giant.

Excel sets sights on ATM

Aaron Kelley — Mon, 07 May 2012 15:34:57 GMT

Dry downturn and at-the-market stock offerings may threaten US-listed bulker owner’s share price, Wells Fargo warns.

Street scans GLNG tea leaves

Aaron Kelley — Mon, 07 May 2012 14:32:33 GMT

Now is the time to grab shares of Golar as sale of FSRU to Times Square-quoted compatriot may be imminent, analyst says.

Genmar nears final chapter

Aaron Kelley — Thu, 03 May 2012 18:59:43 GMT

Judge prepares to unshackle Peter Georgiopoulos-led owner from chains of Chapter 11 as it lines up sale of ageing tanker.

Aeolos in supreme court win

Jim Mulrenan — Thu, 03 May 2012 09:30:24 GMT

Judges find in favour of owner of Greek VLCC overturning charter ruling for Petrobras.

FR8 tanker strikes rig

Aaron Kelley — Wed, 02 May 2012 20:57:24 GMT

Singaporean products carrier with ties to Torm suffers flooding after crashing into jack-up in the US Gulf.

‘The Scream’ sets sail

Aaron Kelley — Wed, 02 May 2012 16:39:15 GMT

Brother of Norwegian shipping magnate Fred Olsen tosses iconic Munch painting on the auction block in New York.

MDR clinches BG pledge

Aaron Kelley — Tue, 01 May 2012 19:28:50 GMT

New York-listed offshore contractor poised to cash in on engineering and transport deal tied to Caribbean gas platforms.

ADM upbeat despite dip

Aaron Kelley — Tue, 01 May 2012 15:57:01 GMT

Sluggish ethanol market and lower grain exports overshadow gains at US commodities syndicate’s transport unit.

NewLead sounds the alarm

Andy Pierce — Tue, 01 May 2012 11:25:52 GMT

Michael Zolotas and Nick Fistes backed owner raises substantial doubts about its future amid hefty full-year loss.

Arctic runs GNK health check

Andy Pierce — Tue, 01 May 2012 10:26:07 GMT

New York-listed bulker owner may run out of cash next year unless banks help or the market turns, analyst says.

Eagle Bulk wins more time

Andy Pierce — Tue, 01 May 2012 09:44:01 GMT

Sophocles Zoullas-led owner handed an additional month to solve $1bn debt dilemma.

Vale ups piracy fight

Andy Pierce — Wed, 25 Apr 2012 14:56:24 GMT

Miner says it will fit citadels to the giant bulkers it still has on the production line.

Seacor profit shoots up

Andy Pierce — Wed, 25 Apr 2012 08:06:04 GMT

New York-listed owner sees addition of wind farm vessels spur its first quarter bottom line.

Oversupply ‘unavoidable’

Andy Pierce — Tue, 24 Apr 2012 15:24:46 GMT

Wells Fargo says too much tonnage will remain an issue in dry-bulk for the foreseeable future as it predicts several restructurings.

Cecon closes on Davie deal

Jason O'Connell — Tue, 24 Apr 2012 10:45:19 GMT

Agreement with Canadian export agency paves the way for troubled shipbuilder to polish off three delayed newbuildings.

Broker tips tanker price tonic

Andy Pierce — Tue, 24 Apr 2012 08:51:40 GMT

Charles R Weber paints an encouraging picture for the value of modern VLCCs.

Tsakos clan coughs up more

Andy Pierce — Thu, 19 Apr 2012 13:06:59 GMT

Leading shareholder digs deeper than expected as Tsakos Energy Navigation pushes through $65m fundraiser.

TGP turns to Oslo for funds

Jason O'Connell — Tue, 17 Apr 2012 08:38:54 GMT

New York-listed company swells the ranks tapping Norwegian bond market.