RSS for TradeWinds, Scandinavia

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

‘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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Tributes flood in for legend

Andy Pierce — Mon, 16 Apr 2012 12:08:35 GMT

Current and former employees remember Maersk Mc-Kinney Moller the businessman and the gentleman.