TradeWinds
Shipping Index
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Swee Joo in default

Malaysian bulker and boxship owner in talks with banks after being unable to meet debt repayments.
10:59 GMT, 02 Sep 2010
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Swiss score for Frontline

Tanker giant ties up three-year VLCC deal with Transcor Astra Group.

13:13 GMT, 02 Sep 2010
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Wan Hai winning again

Taiwanese boxship player continues to forge ahead in 2010 after dire previous year.

12:52 GMT, 02 Sep 2010
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Stig Remoy pens Kleven pair

Olympic Shipping rocks up at Norwegian yard with double order potentially worth over $120m.

08:56 GMT, 02 Sep 2010
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Horizon yard lands $8.7m order

US shipyard victorious in heated battle for a bite of government newbuilding deal.

15:29 GMT, 02 Sep 2010
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Iranian volumes on the climb

Ports handled 56.12m tonnes of cargo in the last five months, up more than 5%.

14:40 GMT, 02 Sep 2010
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Yang Ming rings up profit

Taiwanese container line turns around first-half losses as markets improve.

10:04 GMT, 02 Sep 2010
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Capex fears draw BLT cuts

Fitch follows S&P in cutting its ratings on Berlian Laju Tanker.

10:24 GMT, 02 Sep 2010
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Tanker free after grounding

Atlas ship refloats after hitting Horseback Shoal hard in St Lawrence, Canada.

09:29 GMT, 02 Sep 2010
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Heavyweights in K-Sea splash

First Reserve and Kayne Anderson inject cash into US tug and barge owner.

08:12 GMT, 02 Sep 2010
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Vale ‘mulls Malaysian port’

Brazilian miner could call for an international tender for a $1bn port near Strait of Malacca.

08:01 GMT, 02 Sep 2010
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GEMC finalises tanker targets

New Taiwanese tanker venture aims to capture six VLCCs and a products carrier for $700m.

07:54 GMT, 02 Sep 2010
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Banks back Ridgebury's IPO

Ridgebury Tankers ups the ante as UBS and Wells Fargo join Jefferies and Bob Burke on $341m road to Wall Street.

22:35 GMT, 01 Sep 2010
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MOL depreciates to accumulate

Japanese owner reportedly extends LNG carrier depreciation period, boosting bottom line.

08:41 GMT, 02 Sep 2010
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Dutch LNG plan scrapped

Vopak and partners will not now build new terminal at Eemshaven following feasibility study.

06:55 GMT, 02 Sep 2010
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River Princess finally going?

Original owner of bulker aground off Goa for 10 years looks the favourite to take it away.

07:44 GMT, 02 Sep 2010
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Ferries evacuate Carolina coast

North Carolina will keep state ships running for residents until Hurricane Earl keeps them in port.

07:10 GMT, 02 Sep 2010
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Armada hunts arbitration award

Insolvent Singaporean shipping outfit brings $68m COA battle to Chicago courtroom.

23:39 GMT, 01 Sep 2010
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CMA CGM sheds the red

Jacques Saade-led liner giant says cash injection still in the cards as 41% jump in revenue reverses first-half loss.

16:51 GMT, 01 Sep 2010
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Cal Dive charters offshore trio

New York-listed offshore player pens $56m pact tied to Bahamas-based pipeline project.

18:31 GMT, 01 Sep 2010
Chartering
free news
Tankers

Three suezmaxes booked for five points less into Europe in slack market.

VLCC:

even

Suezmax:

down

Aframax:

even

13:34 GMT, 02 September 2010
Dry Cargo

Classic period deals and a large Flame front haul set capesizes alight with big points gain.

Capesizes:

up

Panamaxes:

up

Supramaxes:

down

12:45 GMT, 02 September 2010
Containers

Hamburg Shipbrokers' Association's new ConTex containership chartering index gains three points to 594.

4,250-teu:

down

2,700-teu:

up

1,100-teu:

up

11:26 GMT, 02 September 2010
Offshore

BP could have got three VLCCs for the same as it paid for one old PSV today.

AHTS:

even

Large PSV:

even

Small PSV:

even

15:51 GMT, 01 September 2010
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Nanjing Tanker taps $750m war chest

Chinese tanker player on the fringe of inking $200m VLCC order as 'deep discounts' fuel fresh spending spree.

16:14 GMT, 01 Sep 2010
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Harren hands over OIG seat

Former Ocean Rig chairman steals top spot from Peter Harren as OIG Offshore closes in on Norwegian IPO.

19:57 GMT, 01 Sep 2010
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Eimskip holds profitable course

Restructured Icelandic container line turns around last year’s losses in first half as second quarter volumes grow.

15:06 GMT, 01 Sep 2010
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Russian crew found 'drunk'

Wilson captain and coxswain taken away for blood tests after near grounding off Norway.

12:56 GMT, 01 Sep 2010
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Vinashin appoints new chief

Nguyen Quoc Anh is the latest executive charged with reviving ailing shipbuilder Vinashin.

13:35 GMT, 01 Sep 2010
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Wilson bulker bashed in Germany

Wooden pilings smashed and bow dented after vessel hit jetty at Cuxhaven.

12:33 GMT, 01 Sep 2010
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Fredriksen loses tanker belief

Norwegian tycoon John Fredriksen predicts pain in the pocket for shipowners over the next two to three years.

12:47 GMT, 01 Sep 2010

China has ‘next Big John’

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Turkish ship sinks in Black Sea

Crew of Turkish vessel rescued before it sank hours after loading cargo at Romanian port.

12:40 GMT, 01 Sep 2010
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Torm bags new dry-bulk boss

Alex Christiansen arrives from Nidera to take over from Kim Rasmussen and the departed Soren Christensen.

11:19 GMT, 01 Sep 2010
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Tanker grounds off China

Crew evacuated from small products carrier after incident in bad weather in Yangtze estuary.

13:34 GMT, 01 Sep 2010
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Bangladesh owner in the red

State-owned BSC racks up first quarter loss as it prepares share sale.

10:17 GMT, 01 Sep 2010
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Crew lost in Korea smash

Search on for crew of fishing vessel which sank after collision with small tanker off Korea.

13:46 GMT, 01 Sep 2010
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Hapag poaches Maersk man

Danish line's Asia boss Jesper Praestensgaard to become chief commercial officer at German rival.

08:51 GMT, 01 Sep 2010
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Severnaya surges back to profit

St Petersburg shipyard turns around first quarter losses with profitable second three-month period.

11:07 GMT, 01 Sep 2010
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Eidesvik ponders Green bid

Norwegian shipowner Kristian Eidesvik is mulling Green Reefers takeover offer after taking stake beyond 40%.

09:28 GMT, 01 Sep 2010
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Hanjin looks for 5,000 workers

Korean group's Philippines shipyard needs a lot more manpower this year as orderbook grows.

09:40 GMT, 01 Sep 2010
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Yangzijiang prices IPO high

Ren Yuanlin-led shipbuilder eyes full $113m as receipts for proposed Taiwan listing go for top dollar.

07:53 GMT, 01 Sep 2010
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Bourbon bitten by bulker sale

Impairment charge on 16-vessel deal with Genco lowers first half profit at French owner.

08:25 GMT, 01 Sep 2010
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Dockwise does dozen deals

Dutch heavy-lift player adds $37m worth of transport contracts to backlog.

07:03 GMT, 01 Sep 2010
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Wallenius eyes LNG power

Swedish shipowner to examine the possibility of using cleaner fuel for new and existing tonnage.

02:45 GMT, 01 Sep 2010
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‘Rogue ship’ sought in Goa spill

Indian government vows to track down vessel suspected of dumping oil which washed ashore this week.

08:28 GMT, 01 Sep 2010