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Shipping Index
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CSDC splitting

Chinese giant forming two subsidiaries to oversee and own bulker and tanker fleets in efficiency boost.
08:14 GMT, 03 Feb 2012
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Tanker blues bite Japan's Kyoei

Tokyo-listed VLCC owner turns to nine-month loss in weak markets.

09:55 GMT, 03 Feb 2012
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Captain tops up TEN holding

Greek magnate buys up an additional $5m worth of stock in New York-listed tanker owner.

11:48 GMT, 03 Feb 2012
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Sinopec makes bunker breakthrough

Chinese oil giant signs first overseas term supply deals for Chinese vessels in Panama and UAE.

09:11 GMT, 03 Feb 2012
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KOGAS signs-up for Sabine

Korea Gas Corp becomes the latest gas company to agree long-term deal for US LNG exports.

02:02 GMT, 02 Feb 2012
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Sovcomflot IPO "first in line"

Russian economy ministry says tanker company’s share sale is the main priority for the spring.

13:56 GMT, 02 Feb 2012
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RS Platou ponders Iranian poser

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

16:22 GMT, 01 Feb 2012
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Shipping crisis can be fixed in five years

Shipping can turn the corner in the next half decade if owners use the only trick still open to them, broker says.

12:12 GMT, 01 Feb 2012

TradeWinds | Shipping IndexNo markets are open

Last 24 hours

0.00%01:13

18 up

6 unchanged

5 down

Chartering | Tankers
free news

Rates have halved for Persian Gulf voyages to Asia from last week's peak.

VLCC:

down

Suezmax:

down

Aframax:

even

15:05 GMT, 03 February 2012

Lack of fixtures in Persian Gulf hurting owners, while suezmax rates fall fast in West Africa.

VLCC:

down

Suezmax:

down

Aframax:

even

14:30 GMT, 02 February 2012

Persian Gulf rates take a hammering to Asia, and West African suezmaxes also weaker.

VLCC:

down

Suezmax:

down

Aframax:

even

15:16 GMT, 01 February 2012
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BP Alaska suezmax punctured

Alaskan Navigator heads to repair yard after small hole found in hull off Oregon.

15:11 GMT, 02 Feb 2012
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General Maritime rolls the dice

Bankrupt US tanker owner files restructuring plan as it races to unshackle Chapter 11 chains by spring.

17:29 GMT, 01 Feb 2012
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Maersk names new gas man

Claus Gronborg set to take charge of Danish shipowner’s gas shipping activities as of today.

06:12 GMT, 01 Feb 2012
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Mitsui OSK Lines bins another pair

Japanese giant takes tally of torched double skinned tankers to five.

10:59 GMT, 30 Jan 2012
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Japan's Iino slips into the red

Major LPG and chemical player sinks to a loss in the third quarter, but sees improved full-year result.

08:18 GMT, 01 Feb 2012
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Larger Capital, smaller profit

Evangelos Marinakis-led Capital Product Partners sees fourth quarter profit dip as cost of larger fleet trumps improved revenue.

15:51 GMT, 31 Jan 2012
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Red rain falls on K Line

Japanese giant posts $550m loss in dire nine-month markets and says worse is to come.

11:44 GMT, 31 Jan 2012
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Thailand eyes tanker renewal

Japanese yards to offer financial and technical help to Thai counterparts building 10 new coastal vessels.

08:11 GMT, 31 Jan 2012

Tankers should take cover

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FSL sweats on next cheque from BLT

Philip Clausius-led firm is in the dark about whether embattled Indonesian owner will continue to pay up on tanker trio.

10:24 GMT, 31 Jan 2012
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Greek tanker held over spill

French authorities suspect Trefin Tankers vessel of causing 12km trail of pollution off Corsica.

07:19 GMT, 31 Jan 2012
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Genmar lost $19m in three weeks

Bankrupt tanker owner continues to rack up red ink having entered Chapter 11 protection.

15:55 GMT, 30 Jan 2012
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Tankers the tonic for Platou takeover swoop

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

15:43 GMT, 27 Jan 2012
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Vitol tankers held in row

Sudan seizes two vessels chartered by oil trader in dispute with South Sudan over pipeline fees.

10:19 GMT, 30 Jan 2012
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Mohammad Souri quits helm of NITC

Iranian tanker chief retires after more than a quarter of a century building top VLCC owner.

10:01 GMT, 31 Jan 2012
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Nigeria LNG launches loan quest

Bonny Gas Transport parent racing to quench appetite for LNG carriers with help from billion-dollar bankroll, sources claim.

16:02 GMT, 30 Jan 2012
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KOTC seals Korean VLCC deal

Kuwaiti owner signs for four 317,000-dwt tankers plus an aframax at shipbuilder Daewoo.

07:35 GMT, 31 Jan 2012
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Maersk Tankers crowns new chief

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

17:25 GMT, 26 Jan 2012
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DNB confirms BLT debt exposure

Norwegian bank says portfolio still solid despite Indonesian tanker owner's freeze on payments.

12:13 GMT, 27 Jan 2012
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MMI dumps more DHT stock

Major shareholders are continuing to offload their stakes in the New York-listed crude tanker owner.

06:34 GMT, 27 Jan 2012
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Berlian Laju battles debt disaster

Tanker giant in dangerous territory as it prepares to freeze trading and repayment of $418m owed on loans and ship leases.

15:47 GMT, 26 Jan 2012
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Exmar ekes out Q4 profit

Belgian gas operator inches into the black in the last three months of 2011, not helped by loss at offshore arm.

05:32 GMT, 27 Jan 2012
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Berlian Laju’s grades take a tumble

Fitch dumps its ratings on Indonesian shipowner in the wake of its debt difficulties.

11:22 GMT, 27 Jan 2012
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Chembulk dodges BLT debt bullet

CEO of Berlian Laju’s Connecticut chemical arm claims its “business as usual” despite cash crunch at Indonesian parent.

21:15 GMT, 26 Jan 2012
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Transpetro tied to Osorio oil spill

Petrobras tanker wing issues alert as authorities race to contain oil leak at floating transfer station off Brazil.

22:37 GMT, 26 Jan 2012
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Stolt-Nielsen profit slips in fourth quarter

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

08:53 GMT, 26 Jan 2012
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Evercore dismisses DHT dividend doubts

Fear of a further dividend cut which is dragging owner’s stock down is wide of the mark, analyst says.

12:23 GMT, 25 Jan 2012
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