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Shipping Index
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Novoship trial finally begins

Russian tanker owner’s $135m corruption case against former UK boss Vladimir Mikhaylyuk opens without main defendant, who is ill.
14:06 GMT, 16 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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Norden red but ahead in Q1

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

07:58 GMT, 15 May 2012
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RS Platou boost for Golar LNG

Falling share price draws an upgrade from analysts at Norwegian finance house.

13:39 GMT, 15 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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Pacific Glory gets refloated

Sinokor Merchant Marine’s VLCC resumes voyage following grounding off Malaysian coast last week.

03:26 GMT, 15 May 2012
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Analysts line Capital catwalk

Terms of nine-digit fundraising exercise met by mixed reviews on Wall Street but most agree payout preservation is positive.

16:49 GMT, 14 May 2012
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CPP seals debt refinancing

Evangelos Marinakis-led tanker owner pushes back interest payments as it sells $140m of convertible units.

12:54 GMT, 14 May 2012

TradeWinds | Shipping IndexAsian markets are now open

Last 24 hours

-2.50%01:09

4 up

6 unchanged

19 down

Chartering | Tankers
free news

Burst of business in West Africa sends rates up nearly 70% to $30,000 per day.

VLCC:

even

Suezmax:

up

Aframax:

down

14:23 GMT, 16 May 2012

Million-barrel tankers hit Worldscale 90 from West Africa as exports boom.

VLCC:

even

Suezmax:

up

Aframax:

even

13:36 GMT, 15 May 2012

Rates shift downward again as demand stays muted from the Persian Gulf to Asia.

VLCC:

down

Suezmax:

up

Aframax:

even

13:47 GMT, 14 May 2012
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Chevron signs up Tohoku

Japanese power company latest to sign up for Wheatstone LNG export facility in Western Australia.

05:42 GMT, 15 May 2012
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China cargo volumes weaken

World’s largest importer sees demand for iron ore and crude ease, but soya bean cargoes see a rebound.

02:07 GMT, 11 May 2012
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Meldgaard welcomes 'bank owners'

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

15:40 GMT, 10 May 2012
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Machado to leave Transpetro?

Speculation mounts that Brazilian tanker owner CEO’s nine-year tenure could be about to draw to a close.

14:08 GMT, 10 May 2012
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Tankerska Plovidba bounces back

Croatian tanker player returns to profit in first quarter after shedding loss-making aframaxes.

15:04 GMT, 09 May 2012
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Solvang better in first quarter

Norwegian LPG carrier company boosted by higher revenue and financial gains to 31 March.

09:39 GMT, 11 May 2012
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Armed pirates hijack Dynacom tanker

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

16:28 GMT, 10 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

Tankers should take cover

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Tankers help Odfjell beat bets

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

09:21 GMT, 09 May 2012
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GDF Suez signs for US LNG

French utility giant latest to sign up for Sempra Energy’s Cameron LNG export facility in Louisiana.

00:17 GMT, 11 May 2012
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Red ink runs deeper at Torm

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

08:07 GMT, 10 May 2012
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GasLog wins two thumbs up

Evercore and JP Morgan analysts like the look of shares in newly listed LNG firm.

11:22 GMT, 09 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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Lenders back Genmar rescue plan

New York bankruptcy court approves restructuring after banks vote unanimously for debt-cutting deal.

08:37 GMT, 10 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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Singapore tanker attack foiled

Crew of aptly-named Savvy seal accommodation block and engine room as pirates fail to gain control of vessel.

14:28 GMT, 09 May 2012
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Nordic Tankers slashes deficit

Herbjorn Hansson-led tanker owner pays out for the 59th consecutive quarter despite loss.

10:47 GMT, 07 May 2012
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Navios Acquisition defies Street prophecy

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

15:04 GMT, 08 May 2012
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Chinese owners double their money

Sinochem and Nanjing Tankers charging big premiums for chemical tanker trips from Iran as sanctions bite.

12:35 GMT, 07 May 2012
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Shogun Ships exec kidnapped

Philippines tanker owner’s manager Vicente Cordero abducted during bike ride in Las Pinas, Manila.

07:51 GMT, 07 May 2012
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Maersk MRs find new homes

Danish giant is said to have sold off four mid-1990s built double-hulled product tankers.

05:50 GMT, 08 May 2012
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Race to diffuse Tokyo time bomb

Talks over charter hire deferrals hit the skids as Sanko Steamship grapples with dry arrest and damage claims totalling $16m.

14:30 GMT, 08 May 2012
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ExxonMobil dives into Orion pool

Details remain scarce as Nordic American and Frontline-backed suezmax venture pen Atlantic Basin pact with US oil giant.

17:33 GMT, 07 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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Great Eastern takes earnings hit

Higher costs and falling tanker and bulker rates slashed profit at Indian shipowner.

07:22 GMT, 04 May 2012
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Aeolos in supreme court victory

Judges find in favour of owner of Greek VLCC overturning charter ruling for Petrobras.

09:30 GMT, 03 May 2012
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