TradeWinds
Shipping Index
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Yard drop

Korea's Hyundai Heavy forecasts another drop in newbuilding demand this year.
09:28 GMT, 10 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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Four fall back

Supramax quartet at Cosco Zhoushan set for 2010 delivery are delayed by 18 months.

12:17 GMT, 05 Mar 2010
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Maersk mauled

AP Moller-Maersk posts worse than expected full-year loss as red ink from its container line passes $2bn.

08:29 GMT, 04 Mar 2010
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Golden loses shine

Paris Dragnis-led Goldenport Holdings sinks to loss on cancellation costs and waning revenues.

09:11 GMT, 02 Mar 2010
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'Slow at best'

Randy Effendi’s Samudera is downbeat on the prospects of a liner market revival.

13:49 GMT, 25 February 2010
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Davie files

Canadian yard seeks court protection as it admits offshore shipbuilding was harder than it thought.

03:22 GMT, 26 February 2010
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Canned ships up

Cancelled containership newbuilding orders have now reached 140 ships, says Alphaliner.

06:33 GMT, 24 February 2010
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OceanFreight hit

Write-downs push US-listed shipowner to huge fourth quarter loss in a year it will want to forget.

01:25 GMT, 23 February 2010
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STX sinks

Dire freight rates and slumping volumes send South Korea’s STX Pan Ocean to large net loss.

08:37 GMT, 18 February 2010
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Eitzen still red

Losses cut at Terje Askvig-led Eitzen Chemical but weak chemical and clean petroleum markets lead to deficit.

10:20 GMT, 18 February 2010
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Humpuss thaw

Setback for Spyros Polemis as freezing order against Humpass for charter hire defaults is cut by $15m.

13:21 GMT, 19 Feb 2010
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More sales ahead

Compofelice says Trico Marine planning more sales of non-core vessels as it works to boost liquidity. Shares plummet after loss.

22:27 GMT, 18 Feb 2010
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Golden rejigs

Golden Ocean is taking cash up front and a lower charter rate to reduce “counterparty risk”.

09:27 GMT, 11 Feb 2010
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GulfMark sues

Offshore vessel owner files federal lawsuit against Bender Shipbuilding, as OSG reveals details of its cancellations.

16:51 GMT, 06 May 2009
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Worse than feared

NOL sinks to $740m full-year loss after more red ink than expected in the fourth quarter.

10:49 GMT, 11 Feb 2010
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Ocean loan relief

Cyprus-listed Ocean Tankers strike bank deal to "help the company face the shipping crisis."

22:05 GMT, 09 Feb 2010
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Hanjin posts loss

Korean liner and bulker outfit Hanjin Shipping sinks into red on weaker rates but eyes black in 2010.

08:12 GMT, 04 Feb 2010
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Coscol slashed

Full-year profit down 90% at Cosco’s heavy lift and ro-ro owner as revenues dive.

08:47 GMT, 09 Feb 2010

Ship loan woes

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Glenda beats SLS

Tribunal rules Korean yard to repay over $80m to Glencore and d’Amico company after tanker quartet cancellation.

09:37 GMT, 03 February 2010
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Signal closes

Marine fabricator finalises deal to buy Bender Shipbuilding & Repair's Mobile yard.

16:59 GMT, 04 February 2010
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HHI’s order pain

World’s largest shipyard books new shipbuilding deals worth only $444m in 2009.

10:27 GMT, 04 February 2010
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Saade bags $80m

Consortium of banks hands Jacques Saade-led CMA CGM fresh funds as refinancing efforts continue.

08:43 GMT, 03 Feb 2010
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Sale gets OK

Bankruptcy judge approved sale of Bender Shipbuilding & Repair's Mobile yard to Signal International.

18:24 GMT, 03 Feb 2010
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More pain

China Shipping Container Lines facing full-year loss as rates and volumes fall.

11:17 GMT, 01 Feb 2010
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Mercator dives

Nine-month profit slashed by dire rates at Indian owner which warns of pressure on future earnings.

09:36 GMT, 01 Feb 2010
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K-Sea hit again

Barclays Capital analyst downgrades K-Sea Transportation Partners after dividend halt.

22:29 GMT, 02 Feb 2010
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K-Sea cut

Analyst downgrades K-Sea Transportation to “underperform” on expectations that dividend won’t return soon.

20:26 GMT, 29 Jan 2010
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Daiichi dives

Japanese bulker owner Daiichi Chuo sinks further into the red but raises annual revenue expectations.

10:18 GMT, 28 Jan 2010
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50 down

Idle boxship numbers show “first significant decline” as operators reactivate their own vessels.

11:26 GMT, 02 Feb 2010
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Saade slump

CMA CGM boxship snapped up by George Economou at staggeringly low price, brokers say.

10:44 GMT, 22 January 2010
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Troublesome trio

Greek owner Tsakos Energy Navigation faces impairment charges of up to $25m on early 1990s built trio, CFO says.

12:15 GMT, 22 January 2010
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Yard claims $36m

Atlantic Marine says trio of bankrupt AHL Shipping-linked newbuilding companies owe it millions for work on products tankers.

16:51 GMT, 26 January 2010
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CCNI to issue

Chilean liner player poised to issue 76.6 million shares worth $51.3m in deal with shipowners to relieve cash woes.

22:29 GMT, 26 Jan 2010
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Panamax payday

Trafigura wins $83m ruling against Emirates General Petroleum for unpaid cargoes.

13:02 GMT, 26 Jan 2010
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Future deal flops

John Fredriksen’s Golden Ocean stung by loss of $150m capesize charter with Singapore’s Trustworth Shipping.

16:41 GMT, 20 Jan 2010
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Wet worry

Four in five tanker charterers see no strengthening of rates this year, survey says.

11:51 GMT, 19 Jan 2010
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