TradeWinds
Shipping Index
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Dalian lower

China’s second largest oil port sees full-year profits come in over one quarter lower than a year ago.
06:41 GMT, 10 March 2010
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Melbourne up

Australian port makes strong start to 2009 with 12% year-on-year increase in container volumes.

02:29 GMT, 10 March 2010
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Vitol tears veil

Oil trader gets green light to pursue wider ownership interests of Greek Kalogiratos family.

15:39 GMT, 09 March 2010
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Morten minted

Overseas Shipholding Group, led by Morten Arntzen, drags in nearly $160m from a share issue.

16:33 GMT, 09 March 2010
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Subsea shift

Helix Energy Solutions is offloading its oil and gas subsidiary to bankroll expansion in the subsea sector.

16:26 GMT, 09 March 2010
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Essar for sale?

Indian shipowner tight lipped on reports that a large stake may be divested to augment London listing.

12:29 GMT, 09 March 2010
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Kamsarmax fixed

Polys Hajioannou's Safe Bulkers pens a new contract for one of its ships axed by Daiichi last year.

14:31 GMT, 09 March 2010
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Carrier cheer

Liner giants see idle capacity plummet with five key players completely free of laid-up tonnage.

11:29 GMT, 09 Mar 2010
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Heron helped

UK lifeboat stabilises Van Oord dredger that took on water and began to list off Wales.

15:36 GMT, 09 Mar 2010
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Pac Basin bound

Tonnage-hungry Pacific Basin buys Cido Shipping bulker for $26m, brokers say.

12:50 GMT, 09 Mar 2010
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Hong Kong falls

Chinese territory's container volumes down 14% in 2009, but fourth quarter picks up.

15:07 GMT, 09 Mar 2010
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Aframax action

Brazilian oil giant Petrobras is ready to ink a time charter deal for a tanker tender lasting three years, brokers say.

13:48 GMT, 09 Mar 2010
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Norden eyes buys

Carsten Mortensen-led Dane mulls MR tanker buys as profit slides almost $500m on sales slump.

09:47 GMT, 09 Mar 2010
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Five sought

Pakistan National Shipping Corp (PNSC) in talks with government over finance for vessel acquisitions.

10:43 GMT, 09 Mar 2010
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Order frenzy

Samsung Heavy announces deals to build nine tankers, an offshore facility and floating LNG platform.

08:31 GMT, 09 Mar 2010
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OSG pay play

Morten Arntzen-led tanker giant slashes payouts to board members but says the compensation is still competitive.

11:54 GMT, 09 March 2010
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Opening up?

North Korea reportedly awards port leases to Russia and China as it seeks infrastructure investment.

12:21 GMT, 09 March 2010
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Pay out time

Shareholders in CP Ships finally get compensation for misrepresentation of financial results six years ago.

09:36 GMT, 09 Mar 2010
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Another chance

World's oldest ocean-going passengership looks to have escaped the breakers' torches once again.

11:16 GMT, 09 Mar 2010
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PDZ buys boxship

Malaysian intra-Asian feedership operator spends nearly $9m on Yamamaru-owned vessel.

11:08 GMT, 09 Mar 2010
Chartering
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Tankers

VLCCs edge up to Worldscale 80 in Persian Gulf, while suezmaxes stop the rot in West Africa.

VLCC:

up

Suezmax:

up

Aframax:

even

14:39 GMT, 09 March 2010
Dry Cargo

Supramaxes provide most joy on day index woe for capesizes while panamaxes soften.

Capesizes:

down

Panamaxes:

even

Supramaxes:

up

14:01 GMT, 09 March 2010
Containers

Hamburg Shipbrokers' Association ConTex charter assessment up another five points to 279.

2,500-teu:

up

1,700-teu:

up

1,100-teu:

up

12:20 GMT, 09 March 2010
Offshore

North Sea spot remains quiet with cargo work the only option for anchor handlers.

AHTS:

even

Large PSV:

even

Small PSV:

up

17:11 GMT, 09 March 2010
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ONGC takes PSV

One-year PSV deal from state-owned energy outfit nets Garware Offshore near $5m.

10:37 GMT, 09 March 2010
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Two tied up

Petrobras hires Solstad AHTS while Statoil extends PSV for another year.

10:15 GMT, 09 March 2010
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COA spat settled

Norden walks away with $23m and two-year contract after settling out of court with Russian-backed RTI.

08:50 GMT, 09 March 2010
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Sick again

Celebrity Mercury cruiseship hit with second stomach virus outbreak in two weeks.

10:20 GMT, 09 Mar 2010
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Buying DryShips?

Rumour sweeps New York that AP Moller-Maersk is readying a takeover bid for George Economou’s DryShips.

09:16 GMT, 09 Mar 2010
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Gas giveaway

Golar LNG confirms hand-out of 9.7m shares in Golar LNG Energy as dividend – equivalent to 4% of company.

09:59 GMT, 09 Mar 2010
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Globus goes lower

Weaker revenues, due to fewer ships, push George Karageorgiou-led bulker owner to $1.2m loss.

07:53 GMT, 09 Mar 2010

‘Prison’ ship SOS

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K Line scraps

Japanese owner among the first to offer up ship for recycling at new domestic pilot project.

06:51 GMT, 09 March 2010
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Twelve rescued

Bangladeshi and Indian crew picked up by FAL Shipping tanker off UAE after bitumen carrier sinks.

08:54 GMT, 09 March 2010
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Ningbo eyes IPO

Chinese port set to go ahead with delayed Shanghai listing according to president Li Linghong.

05:46 GMT, 09 March 2010
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Stena takes four

Ulf Ryder’s Stena Bulk swells Samsung Heavy Industries orderbook to six after exercising suezmax options.

15:51 GMT, 08 March 2010
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DFDS down

Danish ro-ro player sees 2009 profit cut back, but says markets are improving so far this year.

09:32 GMT, 09 March 2010
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Konig eyes Islamic

Middle East market targeted as Tobias Konig-led KG player Konig & Cie sets up Sharia-compliant fund.

15:31 GMT, 08 Mar 2010
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Volumes to rise

Container volumes at US ports are set to see continued strong recovery in March, says trade body.

01:17 GMT, 09 Mar 2010
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Tallink mixed

Estonian ferry group sees passenger and freight cargoes decline, but private vehicle numbers rise.

03:58 GMT, 09 Mar 2010
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FreeSeas freefall

Athens-based bulker owner posts a loss in the fourth quarter as fleet expansion proves pricey.

15:21 GMT, 08 Mar 2010
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Petrobras fixes

John Fredriksen-backed Deep Sea Supply has inked two time charter deals with Brazilain oil giant Petrobras.

17:54 GMT, 08 Mar 2010
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Jensen Jr steps up

Clipper Bulk boss Frank takes over from his father Torben as chairman and CEO of Danish shipping group.

16:51 GMT, 08 Mar 2010
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Silver lining

Taiwan’s Evergreen expecting to break even in second quarter as markets improve, chairman Bronson Hsieh says.

13:42 GMT, 08 Mar 2010
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Double down

Two gambling ships are seized as hedge fund seeks $74m from insolvent Ocean Casino Cruises.

13:52 GMT, 08 Mar 2010
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Turkish dismay

A Turkish shipowner is liable to pay damages to a charterer for refusing to carry two potentially hazardous cargoes.

15:25 GMT, 08 Mar 2010
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