RSS for TradeWinds, Americas

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.