TradeWinds
Shipping Index
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Molaris heads IPO

Former Quintana and Excel chief rides back into Wall Street at head of $270m bulker and tanker float.
15:52 GMT, 12 March 2010
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Boxship attacked

E R Schiffahrt vessel ER Lubeck evades pirate assault in Somali Basin but sustains light damage.

17:41 GMT, 12 March 2010
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Texas tax fight

Gulf Coast player challenges US tax authorities over unfavourable designation of time charter income.

16:39 GMT, 12 March 2010
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Mercator mum

Indian owner confirms bulker and tanker purchases but keeps lips sealed on ship names.

16:11 GMT, 12 March 2010
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Rich get richer

Brazilian magnate Eike Batista joins world’s top 10 rich list, while Fredriksen drops Ofer to ride back into Forbes’ top 100.

13:11 GMT, 12 March 2010
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Bubble trouble

Defective compass puts Turkish ship on collision course with UK inspectors while Greek bulker freed.

11:49 GMT, 12 March 2010
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It's quotes time

Peter G's Baltic hits the Street while Herbjorn Hansson and Evangelos Marinakis prepare for battle.

08:49 GMT, 12 March 2010
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AIDAluna dented

Second Costa Crociere-owned cruiseship bashed against quay, this time in La Palma, but no one hurt.

12:24 GMT, 12 Mar 2010
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OceanFreight split

Greek owner proposes reverse stock split after facing Nasdaq delisting dilemma.

12:06 GMT, 12 Mar 2010
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New5 in Numb3rs

Jan Haakon Pettersen spearheading $100m boxship venture, while Stolt-Nielsen is ready with VLGC order in South Korea.

09:41 GMT, 12 Mar 2010
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Columbus crash

Hapag-Lloyd cruiseship in collision with cargo vessel while docking in rough seas at Iloilo, Philippines.

10:19 GMT, 12 Mar 2010
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Men overboard

USCG searching for two crew who fell from deck of Hanjin Pretoria off Alaska.

09:54 GMT, 12 Mar 2010
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Belgian blaze

Fire in engine room of Boeckmans general cargoship cuts power off Morocco.

11:54 GMT, 12 Mar 2010
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Going low

Evangelos Marinakis’ new tanker IPO venture Crude Carriers prices at bottom of range, targeting $256.5m to buy three ships.

08:49 GMT, 12 Mar 2010
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Double Dutch

Tank terminal player Vopak to expand Amsterdam capacity as annual profit rises.

10:37 GMT, 12 Mar 2010
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Red ink for Top

Write-down on two tankers pushes Evangelos Pistiolis-led shipowner to loss for fourth quarter.

07:23 GMT, 12 March 2010
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More delayed

Cosco Corp (Singapore) says delivery of four more handymaxes delayed as panamax gets cancelled.

06:01 GMT, 12 March 2010
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Diesen departs

More upheaval at DHT Holdings as chief executive quits and Randee Day takes temporary charge.

03:56 GMT, 12 Mar 2010
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Spar goes supra

Norwegian owner boosts orderbook with deal for five 58,000-dwt bulkers at Yangzhou Dayang.

17:17 GMT, 11 Mar 2010
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Teething trouble

Maiden voyage of relaunched Cork to Swansea ferry interrupted by mechanical fault in engine.

09:00 GMT, 12 Mar 2010
Chartering
free news
Tankers

VLCC momentum checked in Persian Gulf, West Africa very quiet and Med aframaxes stronger again.

VLCC:

down

Suezmax:

even

Aframax:

up

15:48 GMT, 12 March 2010
Dry Cargo

Capesize index soars over 400 points with Anangel newbuilding fixed while panamaxes prosper.

Capesizes:

up

Panamaxes:

up

Supramaxes:

up

15:57 GMT, 12 March 2010
Containers

Hamburg Shipbrokers' Association ConTex charter assessment stays the same at 279.

2,500-teu:

up

1,700-teu:

down

1,100-teu:

down

13:23 GMT, 11 March 2010
Offshore

Anchor handler armada out of work in Aberdeen pushes PSV rates down Friday.

AHTS:

even

Large PSV:

even

Small PSV:

up

17:22 GMT, 12 March 2010
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Breaking up

Russian reefer Petrozavodsk realises salvors' worst fears as it splits in two off Norway after grounding last May.

12:34 GMT, 11 March 2010
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PB pays up

Pacific Basin has extended its charter of a Genco Shipping supramax, but at 28% higher rate.

08:05 GMT, 12 March 2010
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Bidding begins

Transpetro launches into the ethanol trade by inviting shipyards to compete for a 100 vessel order.

17:46 GMT, 11 March 2010
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Tanker targeted

Dutch-owned chemical tanker has become the latest victim of robbers off the southern tip of Malaysia.

01:38 GMT, 12 Mar 2010
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Swedish slide

Tanker and ferry player Rederi AB Gotland sees 2009 earnings eroded by higher operating costs.

16:40 GMT, 11 Mar 2010
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Marine meld

Insurance cover of Torm, Clipper, DFDS and other top owners in contention as Codan buys renewal rights to TrygVesta hull underwriting portfolio.

14:45 GMT, 11 Mar 2010
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Dover dust-up

P&O, Norfolkline and SeaFrance threaten legal action against port over higher fees.

14:03 GMT, 11 Mar 2010

‘Prison’ ship SOS

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Rudder fails

Italian ro-ro cargoship needs tug assistance as it loses steering in storm off Sardinia.

12:04 GMT, 11 March 2010
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Clarksons up

End of legal spat with Russians and large cost cuts save Andi Case-led broker as sales slump in poor markets.

08:38 GMT, 11 March 2010
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DVB "solid"

Boss Wolfgang Driese thankful for mere 28% dip in profit after “unprecedented” 2009.

10:38 GMT, 11 March 2010
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Log-In loss

Brazilian boxship player Log-In Logistica sees profits slump as domestic trade issues batter the bottom line.

12:52 GMT, 11 March 2010
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Talks continue

Finnish port shut-down drags into second week as another meeting between bosses and union planned for Friday.

15:37 GMT, 11 March 2010
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Trouble ahead

Swire Pacific Offshore says rates will continue under pressure this year due to spate of newbuilding deliveries.

09:55 GMT, 11 Mar 2010
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Burgas beached

Bulgarian cargoship drags anchor in storm off Italy, becoming stuck on sand bar.

10:22 GMT, 11 Mar 2010
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Torm tanks

Danish giant sinks into the red and warns of possible large loss in 2010 as dividends axed.

09:16 GMT, 11 Mar 2010
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Injury off UK

Crew member rushed to hospital with head injuries after incident on offshore vessel off Scotland.

11:21 GMT, 11 Mar 2010
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China crude high

February’s crude imports into the People’s Republic reached the second highest level on record.

04:06 GMT, 11 Mar 2010
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‘Wind no factor’

USCG hit out at reports “strong winds” and “poor visibility” could have cause Eagle Otome crash off Texas.

10:54 GMT, 11 Mar 2010
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Scuttling fails

Former New York state employee arrested on suspicion of flooding historic cargoship Day Peckinpaugh.

11:04 GMT, 11 Mar 2010
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Virus strikes

Passengers onboard Fred Olsen cruiseship Boudicca confined to cabins on Mediterranean trip.

10:21 GMT, 11 Mar 2010
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Manila move

Evergreen and CSCL launch boxship run to Philippines and Thailand.

15:46 GMT, 10 Mar 2010
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