TradeWinds
Shipping Index
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Hyundai Mipo slumps

Korean shipbuilder falls short of market expectations in the first quarter.
10:08 GMT, 16 May 2012
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Nam Cheong shares looking hot

Investors should be making eyes at Malaysian shipbuilder following “stellar” start, analyst says.

13:12 GMT, 16 May 2012
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Sungdong wins 10-ship order

PBHH of Malaysia signs up for big livestock carrier deal at South Korean yard.

10:14 GMT, 15 May 2012
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WesternGeco Overseas sheds OSV

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

14:45 GMT, 15 May 2012
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STX PO pens $80m newbuilding order

South Korean shipowner looks to spread its wings further in the heavy-lift sector.

08:58 GMT, 15 May 2012
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Torm takes another sale hit

Danish owner confirms disposal of 50% stake in LR1 Torm Ugland for $5m loss.

09:06 GMT, 15 May 2012
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Atlantic orders PSV at Simek

Norwegian owner books speculative newbuilding at compatriot yard, but is confident of finding employment.

01:21 GMT, 15 May 2012
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Vintage vessels crowd scrap yards

KS Maritime continues to clean house while scrap heaps overflow on the heels of demolition avalanche.

14:59 GMT, 14 May 2012
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Ghana takes back control of Tema

Shipyard returns to government ownership after 60% stake bought back from Boustead of Malaysia.

06:35 GMT, 15 May 2012
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STX Europe profit trimmed

Weak cruise and ferry business cuts shipbuilders earnings.

15:51 GMT, 14 May 2012
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Titan Petrochemicals nears tipping point

Cash-strapped owner in dire straits as it sheds ageing product tankers while Grand China drama continues unresolved.

20:08 GMT, 14 May 2012
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STX OSV sees earnings shaved

But the Singapore-listed shipbuilder says the signs point to renewed demand for high spec tonnage.

11:24 GMT, 14 May 2012
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Sembcorp Marine stutters in first

Singapore shipyard group hit by lower value of jack-up rigs it built in three months to end-March.

10:52 GMT, 09 May 2012
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JES International profit chopped

Higher costs hurt Chinese shipbuilder in first quarter, as new vessel types prove expensive.

11:06 GMT, 14 May 2012
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Naikai Zosen on the slide

Annual earnings down at Japanese yard, and the forecast is for further decline this year.

11:13 GMT, 11 May 2012
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Vinalines scales back renewal

Vietnamese state-owned shipping company cuts huge newbuild budget 32% after public outcry.

14:57 GMT, 11 May 2012
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ShinaSB lines up MR order

South Korean yard signs letter of intent with European owner for up to six products carriers.

06:32 GMT, 10 May 2012
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Bocimar seals capesize coup

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

16:57 GMT, 08 May 2012
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Dry newbuildings on the barbie

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

15:50 GMT, 09 May 2012

Arctic examines LNG show stopper

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Sanoyas Holdings still making money

Japanese group's shipyard operation posts annual gain, as five bulkers are added to orderbook.

06:32 GMT, 14 May 2012
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IHI yard earnings declining

Japanese shipbuilder blames lower fewer deliveries and strong yen for 28% annual profit plunge.

06:20 GMT, 09 May 2012
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Big John reveals $12bn expansion plan

Credit card has even more flex than the market thought following Seadrill share sale, Fredriksen explains.

13:12 GMT, 08 May 2012
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Ships flowing out of K Line?

Japanese owner said to be selling modern aframaxes Temasek River and Raffles River.

15:01 GMT, 08 May 2012
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Sasebo Heavy wins bulker treble

Japanese shipbuilder seals deals from two European owners for new "eco" panamaxes.

06:19 GMT, 08 May 2012
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Nordic American lingers on FBR hit list

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

16:05 GMT, 08 May 2012
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Slump beats Braemar profit down

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

08:26 GMT, 08 May 2012
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Russian tanker duo finds buyer

Polembros linked to deal for former Novoship suezmaxes Naviga and Nautic.

13:39 GMT, 08 May 2012
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STX to build Kazakhstan yard

Korean group eyes new Caspian Sea plant in partnership with state-owned engineering company.

11:01 GMT, 08 May 2012
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Danaos Corp dumps elderly Montreal

Greek owner offloads 1984-built panamax for $6.6m as it welcomes 13,100-teu newbuilding.

09:33 GMT, 08 May 2012
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Courage Marine exits cape arena

Asian bulker owner says cash from demolition deal will aid future campaign to add tonnage to dwindling dry arsenal.

15:33 GMT, 03 May 2012
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‘Exxon Valdez’ barred from Alang

Even former spill tanker’s demise is proving controversial as India’s supreme court blocks it from beaching at breakers’ yard.

12:36 GMT, 08 May 2012
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DSX’s tonnage quest continues

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

20:41 GMT, 03 May 2012
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Clive Palmer plots bulker spree

Australian mining billionaire follows up plan to build Titanic II with potential order for four dry cargo ships.

09:00 GMT, 04 May 2012
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Tsakos cape heads for scrap

Greek shipowner said to have offloaded 25-year-old bulker for demolition in Bangladesh, say brokers.

06:09 GMT, 07 May 2012
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KHI buying into Brazilian yard

Japanese shipbuilder to snap up 30% stake in EEP plant to build drillships.

10:01 GMT, 07 May 2012
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General Maritime nears final chapter

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

18:59 GMT, 03 May 2012
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Bergen Group hit by hull holdup

Terje Arnesen-led shipbuilder warns delays to three hulls will mean a first quarter pay cut.

14:37 GMT, 04 May 2012
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