RSS for TradeWinds, Scandinavia

Lundh’s chemical coup

Aaron Kelley — Fri, 10 Feb 2012 20:36:41 GMT

Swedish shipbroker races to cash in on management of small Turkish chemical tankers built on spec during the market boom.

Ivar Lundh targets expansion

Aaron Kelley — Thu, 09 Feb 2012 18:46:17 GMT

Swedish shipbroker celebrates centennial by spinning off management wing in a bid to cash in on chemical tanker upswing.

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.

EMGS pulls in record profit

Jason O'Connell — Thu, 09 Feb 2012 14:44:33 GMT

Oslo-listed seismic owner roars back from big deficit last year to card a personal best.

TGS sees strong 2012

Jason O'Connell — Thu, 09 Feb 2012 11:24:14 GMT

Norwegian seismic outfit has positive outlook despite fourth quarter earnings drop.

Terminal downer for Odfjell

Andy Pierce — Thu, 09 Feb 2012 09:32:38 GMT

Nordea drops its buy tag on Oslo-listed owner after Rotterdam project dents profit.

Skaugen joins bond blitz

Andy Pierce — Thu, 09 Feb 2012 09:07:41 GMT

Norwegian owner adds its name to the list of companies cashing in on a blistering hot Oslo bond market.

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.

Platou downs cape bets

Andy Pierce — Wed, 08 Feb 2012 11:28:58 GMT

Investment bank drops its 2012 and 2013 rate estimates but Bjorn Bodding sees some light at the end of recent slump.

Volstad back at Bergen again

Andy Pierce — Wed, 08 Feb 2012 09:13:38 GMT

Norwegian owner returns to its favourite shipyard with $140m newbuilding order.

Mixed bag for Odfjell

Andy Pierce — Wed, 08 Feb 2012 08:50:06 GMT

Oslo-listed owner books deeper than expected Q4 loss, but market comments offer encouragement.

Star tied to scrap deal

Aaron Kelley — Mon, 06 Feb 2012 18:16:56 GMT

Brokers link Oslo-listed shipowner to $6m transaction involving Napier and Nelson Star.

ORIG in the money

Aaron Kelley — Mon, 06 Feb 2012 15:21:59 GMT

George Economou says $653m drilling contract is a testament to demand for harsh weather ultra-deepwater rigs.

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.

Seadrill CFO resigns

Aaron Kelley — Thu, 02 Feb 2012 21:15:52 GMT

John Fredriksen-controlled drilling giant shuffles management structure as Esa Ikaheimonen departs.

HLNG eyes expansion ammo

Aaron Kelley — Thu, 02 Feb 2012 18:28:35 GMT

Oslo-quoted owner tests market appetite for gas stocks with $200m fundraiser aimed at growing FSRU arsenal.

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.

Statoil gives Bergen work

Jason O'Connell — Thu, 02 Feb 2012 13:23:37 GMT

Oslo-listed shipbuilder and offshore firm wins subsea construction job from Norwegian oil and gas giant.

Subsea 7 nets North Sea deal

Jason O'Connell — Thu, 02 Feb 2012 11:35:21 GMT

Oslo-listed company’s 2012 orders edge past $250m mark following latest contract.

NOCC joins bond run band

Andy Pierce — Thu, 02 Feb 2012 11:21:36 GMT

Lars Solbakken-led shipowner is the latest firm to tap the red hot bond market in Oslo.

Platou ponders Iranian poser

Andy Pierce — Wed, 01 Feb 2012 16:22:45 GMT

Iranian embargo is already pushing rates but it won't provide a lasting cure for low earnings, says Ole-Rikard Hammer.

Dof Subsea eyes bonds

Jason O'Connell — Wed, 01 Feb 2012 11:15:40 GMT

Mons Aase-led shipowner follows compatriot companies in seeking cash in Oslo.

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.

SinOceanic eyes bond boost

Aaron Kelley — Mon, 30 Jan 2012 14:56:41 GMT

Jan Haakon Pettersen-led containership owner joins Oslo bond rush in a bid to raise $220m for newbuildings.

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.

IPO set-back for Seadrill

Andy Pierce — Mon, 30 Jan 2012 08:32:10 GMT

John Fredriksen-led driller’s plan for a $700m Brazilian listing is delayed by a couple of months.

Tanker tonic for Platou swoop

Andy Pierce — Fri, 27 Jan 2012 15:43:32 GMT

Peter Anker and Richard Fulford-Smith share their thoughts on potential takeover of ACM.

Havila sees strong finish

Jason O'Connell — Fri, 27 Jan 2012 14:19:04 GMT

Njal Saevik-led offshore vessel owner reports a better final quarter and ties down PSV quartet.

Saipem enlists Fairstar duo

Aaron Kelley — Thu, 26 Jan 2012 18:57:04 GMT

Oslo-listed heavylift specialist poised to sail to the North Sea after lining up $15m transport pact with Italian energy giant.

Maersk Tankers crowns CEO

Aaron Kelley — Thu, 26 Jan 2012 17:25:54 GMT

Danish shipping dynasty's tanker division trades king for a queen as Maersk Line lieutenant shifts gears.

Farstad joins bond flood

Andy Pierce — Thu, 26 Jan 2012 15:27:16 GMT

Oslo-listed offshore owner rakes in nearly $70m from a trip to the bond market.

Hope for Hoegh options

Andy Pierce — Thu, 26 Jan 2012 11:12:15 GMT

Hoegh LNG tipped to firm up HHI options after confirming potential 30-year record FSRU charter.

Stolt slips in fourth quarter

Andy Pierce — Thu, 26 Jan 2012 08:53:32 GMT

Oslo-listed shipowner looks to 2013 for tanker market recovery after drop in its fourth quarter bottom line.

Rem inks PSV fixture

Jason O'Connell — Wed, 25 Jan 2012 17:11:54 GMT

Age Remoy-led offshore owner to send new platform supply vessel off for six months.

Dof ties up two PSVs

Jason O'Connell — Wed, 25 Jan 2012 12:00:40 GMT

Mons Aase-led owner fixes two offshore support vessels on long-term deals in Australia and Brazil.

Duo plot bond blitz

Andy Pierce — Wed, 25 Jan 2012 09:08:29 GMT

Dof and Bonheur follow Oslo-listed peer Prosafe down the bond issue path.

Aframaxes to slip on ice fall

Andy Pierce — Tue, 24 Jan 2012 12:07:39 GMT

Earnings may melt back to 1997 levels as limited Baltic ice leaves owners feeling blue, report says.

Sanction spark for Frontline

Andy Pierce — Tue, 24 Jan 2012 08:55:14 GMT

Iranian oil crackdown pushes up shares in Oslo-listed tanker owner.

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.

Big John in products push?

Andy Pierce — Mon, 23 Jan 2012 15:44:15 GMT

Crude tanker king John Fredriksen linked to MR sextet at South Korea’s STX Jinhae.

JFC injunction lifted

Jim Mulrenan — Mon, 23 Jan 2012 14:27:39 GMT

Reefer charterer overturns ruling that Russian proceedings are vexatious or oppressive.

Hoegh lands Lithuania deal

Jason O'Connell — Mon, 23 Jan 2012 12:21:01 GMT

Sveinung Stohle-led outfit beats rivals to another FSRU contract.

Conversion fears off target

Andy Pierce — Mon, 23 Jan 2012 11:54:21 GMT

Switching all VL, suezmax and capesize newbuidlings at key yards will not stamp out LNG fire, Arctic says.

Finnlines warns of dip

Jason O'Connell — Mon, 23 Jan 2012 11:34:58 GMT

Finnish operator reverses forecast and now expects to card worse numbers in 2011.

Rem in PSV bonanza

Jason O'Connell — Mon, 23 Jan 2012 10:59:58 GMT

Oslo-listed offshore owner to bank NOK 110m profit from platform supply vessel sale.

Gandria back in the game

Andy Pierce — Mon, 23 Jan 2012 08:44:42 GMT

Last of Golar LNG’s laid-up vessels expected to re-enter the market after Fredriksen company buys out partner.

Wilson shaves Shandong deal

Aaron Kelley — Fri, 20 Jan 2012 18:00:49 GMT

Oslo-listed operator cuts $88m newbuilding contract in half as Chinese shipbuilder struggles with delivery clock.

Cape owners to drop anchor?

Andy Pierce — Fri, 20 Jan 2012 16:30:15 GMT

Talk of lay-ups grows louder as Baltic Dry Index continues its losing run.

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.

Seadrill stretch

Aaron Kelley — Thu, 19 Jan 2012 19:33:17 GMT

John Fredriksen-backed offshore contractor poised to shake another $325m out of Norwegian drillship deal as market tightens.

NOCC sheds oldie

Aaron Kelley — Thu, 19 Jan 2012 18:35:30 GMT

Oslo-listed owner makes good on promise to devote resources to modern tonnage as it offloads 1988-built PCC.

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.

Torm winds on loan clock

Andy Pierce — Wed, 18 Jan 2012 09:01:11 GMT

Danish owner wins another reprieve as negotiations with lenders continue.

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.

Skaugen may join gun club

Andy Pierce — Tue, 17 Jan 2012 10:23:35 GMT

Norgas vessels likely to be equipped with armed guards in the face of “organised crime” off Somalia.

Skaugen bangs LNG drum

Andy Pierce — Tue, 17 Jan 2012 09:56:24 GMT

Oslo-listed owner looks for Bahrain terminal as a kickstart after red ink and job losses in 2011.

Odfjell continues clearout

Andy Pierce — Mon, 16 Jan 2012 11:54:41 GMT

Oslo-listed owner said to have cashed in another 1980s built tanker in $6m disposal.

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.

Golar deal another marker

Andy Pierce — Fri, 13 Jan 2012 12:15:09 GMT

Period charter for Golar Arctic generates another wave of excitement in LNG sector.

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.

Blystad to bag GCL cash

Trond Lillestolen — Thu, 12 Jan 2012 10:56:17 GMT

Norwegian investor to cash in his remaining chips in Offshore Heavy Transport with a $100m cheque from Chinese owner thought to be imminent.

EOC profit shoots up

Andy Pierce — Thu, 12 Jan 2012 09:44:19 GMT

Ezra spin-off trumpets progress in the FPSO market after bottom line takes flight.