RSS for TradeWinds, Europe

Frangou scans S&P scene

Aaron Kelley — Thu, 17 May 2012 22:50:54 GMT

Unsettling trends in sale-and-purchase environment on exec’s radar as Navios Holdings prepares for prudent expansion push.

D’Amico joins 'eco' order race

Aaron Kelley — Thu, 17 May 2012 18:21:15 GMT

Cesare d’Amico says design is a game-changer as banks flock to finance $267m worth of dry newbuilds inked at Chinese yard.

Kentucky kicker

Aaron Kelley — Thu, 17 May 2012 17:28:35 GMT

Dry researcher raises concerns about declining US coal production as NewLead Holdings gets cooking in the ‘Bluegrass’ state.

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.

Business as usual?

Aaron Kelley — Wed, 16 May 2012 16:18:59 GMT

Dockwise’s takeover target keeps its cool despite unwelcomed advances as it locks in juicy deal with John Fredriksen's Seadrill.

Fairstar chokes on poison pill

Andy Pierce — Wed, 16 May 2012 08:35:14 GMT

Oslo-listed owner bats away “low ball” takeover bid and gives Dockwise a dressing down.

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.

Allied lunges for lifeline

Aaron Kelley — Tue, 15 May 2012 17:38:03 GMT

Dimitris Marinis-backed operator says cash infusion will be the key to avoiding insolvency and restoring tarnished reputation.

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.

Farstad better in the first

Andy Pierce — Tue, 15 May 2012 14:41:27 GMT

Norwegian offshore owner puts up improved quarterly figures despite sales losses.

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.

DVB takes a dip in the first

Andy Pierce — Tue, 15 May 2012 11:53:03 GMT

Wolfgang Driese-led bank sees its first quarter numbers take a backward step in a difficult market.

Carsten takes stock

Andy Pierce — Tue, 15 May 2012 11:08:32 GMT

Norden CEO buys up $170,000 worth of shares in the shipowner as he talks tactics on expansion and recruitment.

Norden red but ahead in Q1

Andy Pierce — Tue, 15 May 2012 07:58:10 GMT

Danish owner sees bottom line change colour thanks to a huge impairment, but its adjusted figures beat forecasts.

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.

GSL off to steady start

Aaron Kelley — Mon, 14 May 2012 14:09:40 GMT

New York-quoted containership owner sees hope on the horizon following profitable quarter and freight rate increase.

Shot clock keeps ticking

Aaron Kelley — Fri, 11 May 2012 20:32:15 GMT

Struggling Danish owner sees light at the end of the tunnel as it begins “final documentation” of long-awaited financial overhaul.

Fairstar fires back

Aaron Kelley — Fri, 11 May 2012 17:53:42 GMT

Takeover talks turn increasingly hostile as CEO warns Dockwise "the boys at Pareto" can't bully shareholders into submission.

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.

Dynacom tanker hijacked

Aaron Kelley — Thu, 10 May 2012 16:28:52 GMT

Journey from Port Said ends prematurely as gun-toting assailants seize Greek suezmax Smyrni.

Bank owners welcomed

Andy Pierce — Thu, 10 May 2012 15:40:36 GMT

Torm boss is happy to have lenders as shareholders as giant restructuring remains on track.

WW smashes Q1 bets

Andy Pierce — Thu, 10 May 2012 09:19:54 GMT

Stellar shipping performance sees car carrier owner race past forecasts in the opening three months of the year.

Fuel bill burns Hapag-Lloyd

Andy Pierce — Thu, 10 May 2012 08:31:01 GMT

Germany’s flagship carrier racks up first quarter loss and warns rate hikes will not block further reversals.

Red ink runs deeper at Torm

Andy Pierce — Thu, 10 May 2012 08:07:59 GMT

Restructuring costs and loss-making sales hurt Danish owner in Q1 as the question about its future lingers.

Solstad strikes

Aaron Kelley — Wed, 09 May 2012 18:32:11 GMT

Oslo-listed owner prepares to pounce on offshore unit after boosting bottom line in the first quarter.

Newbuilds on the barbie

Aaron Kelley — Wed, 09 May 2012 15:50:57 GMT

Safe Bulkers predicts painful price drop at leading shipyards as it mulls fresh investments in fuel-efficient tonnage.

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.

Tankers help Odfjell beat bets

Andy Pierce — Wed, 09 May 2012 09:21:33 GMT

Jan Hammer-led owner puts up stronger than expected first quarter figures as chemical tanker spot market improves.

Costamare ahead in Q1

Andy Pierce — Wed, 09 May 2012 08:36:32 GMT

Constantinos Constantakopoulos-led firm tops Wall Street forecasts in the first three months of 2012.

Safe eyes eco-bulkers

Aaron Kelley — Tue, 08 May 2012 21:03:33 GMT

US-listed bulker owner’s appetite for energy-efficient newbuildings undeterred by drop in first-quarter profit, president says.

Bocimar seals cape coup

Aaron Kelley — Tue, 08 May 2012 16:57:14 GMT

Belgian owner confirms acquisition of bulker resales originally ordered by Grand China in deal worth an estimated $73m.

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.

NNA defies Street prophecy

Aaron Kelley — Tue, 08 May 2012 15:04:16 GMT

Red ink stains Angeliki Frangou-backed tanker owner in the first but results are still above key market indicator.

Jinhui faces profit slump

Andy Pierce — Tue, 08 May 2012 08:55:11 GMT

Oslo-listed bulker owner braces investors for a significant decline in its first quarter bottom line.

Slump beats Braemar profit

Andy Pierce — Tue, 08 May 2012 08:26:20 GMT

Alan Marsh-led shipbroker sees its full-year numbers dragged down by weak markets and a falling orderbook.

Investors eye seismic exit

Aaron Kelley — Mon, 07 May 2012 18:25:25 GMT

Oslo-listed offshore syndicate launches offer to reel in remaining shares of 3D affiliate Armada Seismic.

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.

DSX quest continues

Aaron Kelley — Thu, 03 May 2012 20:41:12 GMT

CEO says Diana Shipping is ready to tap cash reserves following profitable first quarter as it prepares to pounce on bulkers

Deiulemar Compagnia bust

Ian Lewis — Thu, 03 May 2012 18:10:23 GMT

Ailing Italian operator declared bankrupt after losing intense battle to relieve pressure linked to $1.12bn debt load.

Navios closes in on war chest

Aaron Kelley — Thu, 03 May 2012 16:38:39 GMT

JP Morgan says owner will have the fuel to fund raid on five capes or eight panamaxes when dust settles on $70m offering.

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.

Navios prepares to strike

Aaron Kelley — Wed, 02 May 2012 21:52:30 GMT

Navios Maritime Partners makes good on a promise to pursue dry acquisitions as it prepares to hatch $75m fundraiser.

Diana defrosts cheque book

Aaron Kelley — Wed, 02 May 2012 19:10:29 GMT

Top brass at boxship owner sheds light on fleet expansion, fuel efficiency and the ‘sweet spot’ in today’s cycle.

‘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.

DCIX lifts payout

Aaron Kelley — Wed, 02 May 2012 14:34:04 GMT

Simeon Palios says another dividend hike may be on the horizon as beefed up box arsenal boosts bottom line.

Counterparty in the crosshairs

Aaron Kelley — Tue, 01 May 2012 22:15:18 GMT

Jiangsu Zhongyuan Electric Power Fuel pleads ignorance amid accusations of dry default and unpaid arbitration award.

Total offshoot chugs MR tonic

Aaron Kelley — Tue, 01 May 2012 17:25:08 GMT

Rates sail south week-on-week as market digests talk of freshly minted fixtures involving CSSA, Maersk and D'Amico.

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.

Red ink on the horizon

Aaron Kelley — Tue, 01 May 2012 14:23:46 GMT

Nasdaq-quoted bulker owner readies red pen in anticipation of $88m loss.

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.

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.

Aase predicts profit spike

Andy Pierce — Tue, 01 May 2012 08:54:44 GMT

Dof chief foresees significant boost in bottom line in the years ahead after bagging a pay rise in 2011.

Broker voices MR caution

Andy Pierce — Tue, 01 May 2012 08:15:12 GMT

Disproportionate ordering and clearer demand picture means market prospects may not be as bright as some hoped, ICAP says.

Norborg quits Norden post

Andy Pierce — Mon, 30 Apr 2012 15:31:13 GMT

Dry-cargo chief departs Danish owner to take up a leading role at Gearbulk UK.

Nielsen suspended

Andy Pierce — Mon, 30 Apr 2012 10:36:54 GMT

UPDATED: BP chartering chief denies wrongdoing amid reports he has been placed on leave as oil major investigates his potential involvement in bribery claims.

Odfjell in scrap pact

Andy Pierce — Mon, 30 Apr 2012 09:21:11 GMT

Oslo-listed owner collects over $6m from the disposal of a tanker.

Star slips below zero

Andy Pierce — Mon, 30 Apr 2012 08:33:47 GMT

Oslo-listed owner falls fractionally into the red in Q1 following peak-season no-show.

Samskip snaps up a brace

Andy Pierce — Fri, 27 Apr 2012 13:54:46 GMT

Icelandic owner takes on a couple of small vessels having bagged a loan from German banks.

Carras Hellas in charter win

Jim Mulrenan — Fri, 27 Apr 2012 10:28:27 GMT

Arbitration overturned as Greek owner secures key ruling over Shagang repudiation of five year capesize charterparty.

Newbuildings top wish list

Andy Pierce — Thu, 26 Apr 2012 13:21:02 GMT

D’Amico chief Marco Fiori says fresh orders await once he is sure the corner has been turned.

D’Amico remains in the red

Andy Pierce — Thu, 26 Apr 2012 11:57:08 GMT

Milan-listed tanker owner cuts its first quarter deficit in what it claims to be one of its best periods since 2009.

Maersk claims early success

Andy Pierce — Thu, 26 Apr 2012 10:49:00 GMT

World’s leading container line says its Daily Maersk initiative is delivering on reliability and emissions reduction.

OSV prices continue to climb

Andy Pierce — Wed, 25 Apr 2012 08:48:46 GMT

Both newbuildings and second hand OSVs saw their values increase in the first quarter, Clarksons says.

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.

Pirates free Marnavi tanker

Andy Pierce — Mon, 23 Apr 2012 15:18:20 GMT

An Italian ship hijacked off Oman in December has been released, officials say.

Rem adds to Kleven tally

Andy Pierce — Mon, 23 Apr 2012 14:34:15 GMT

Age Remoy-led offshore owner pens $95m subsea vessel at its favourite shipyard.

Rickmers profit dips

Andy Pierce — Mon, 23 Apr 2012 12:18:24 GMT

Singapore-listed trust happy with positive start to 2012 despite its bottom line slipping by over a tenth.

Evercore sees ORIG value

Andy Pierce — Mon, 23 Apr 2012 11:01:34 GMT

George Economou’s drilling venture tipped for profit rise and share spike when magnate dilutes holding.

Villy loses grip on Torm

Andy Pierce — Mon, 23 Apr 2012 10:19:33 GMT

Greek magnate to leave the board as his majority stake is sliced to a minimal level by restructuring effort.

Twin trouble on tanker front

Andy Pierce — Mon, 23 Apr 2012 09:22:38 GMT

Newbuilding arrivals accelerate in first quarter as double-hull demolition lags forecasts, RS Platou Markets says.

Titan wins Concordia salvage

Jim Mulrenan — Sun, 22 Apr 2012 22:56:51 GMT

Crowley Maritime ‘upstart’ set to collaborate with offshore constructor Microperi on huge project to refloat tragic cruiseship.

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.

Solstad enters Bibby charter

Jason O'Connell — Tue, 17 Apr 2012 13:09:37 GMT

Oslo-listed company signs bareboat deal with Bibby Offshore with option to buy.

Skaugen inches back to black

Jason O'Connell — Tue, 17 Apr 2012 11:14:34 GMT

Oslo-listed chemical tanker owner returns to positive territory despite Middle East uncertainty.