TradeWinds
Shipping Index
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OceanFreight split

Greek owner proposes reverse stock split after facing Nasdaq delisting dilemma.
12:06 GMT, 12 March 2010
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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 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 Mar 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 Mar 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 Mar 2010
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Chilly reception

Baltic Trading shares dip on debut but analysts are bullish after New York’s first post-crash IPO.

16:03 GMT, 10 March 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 March 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 March 2010

TradeWinds | Shipping IndexNo markets are open

Last 24 hours

0.00%16:29

10 up

4 unchanged

13 down

Chartering | Dry cargo
free news

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

Index back up for mid tonnage lifted by big Oldendorff rates and good numbers east and west.

Capesizes:

up

Panamaxes:

up

Supramaxes:

up

14:06 GMT, 11 March 2010

North China Shipping goes large on panamax fixture to China but capesizes stay low.

Capesizes:

up

Panamaxes:

down

Supramaxes:

up

15:07 GMT, 10 March 2010
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Baltic IPO hot

Genco spin-off Baltic Trading hits the mark pocketing $300m from its initial public offering.

12:39 GMT, 10 Mar 2010
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Sinotrans suffers

Weaker bulker and tanker markets lop big chunk off Chinese owner’s 2009 profit.

15:17 GMT, 10 Mar 2010
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Glencore suffers

Ivan Glasenberg-led commodities giant sees full year profits decline 43% on weak prices.

08:23 GMT, 10 Mar 2010
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Moving downtown

Michael Bodouroglou-led Paragon to ditch the Nasdaq for a new listing on the New York Stock Exchange.

15:07 GMT, 10 Mar 2010
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MOL bulker sold

Japanese owner Mitsui OSK Lines collects nearly $20m from handysize sale, brokers say.

10:55 GMT, 10 Mar 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 Mar 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 Mar 2010
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Majority minded

Shashi and Ravi Ruia to keep control of Essar Shipping even if part of shareholding stake is sold.

11:26 GMT, 10 Mar 2010

Embley probed

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Pac Basin bound

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

12:50 GMT, 09 March 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 March 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 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 Mar 2010
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Cape cheer

Shoei Kisen collects $61m from modern capesize sale, a rise of over one tenth on recent deals.

11:00 GMT, 08 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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Delisting dilemma

Greek shipowner OceanFreight must push up its share price or wave goodbye to its Nasdaq listing.

11:12 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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Mipo order altered

Mystery European owner switches order for chemical duo into bulker trio at Hyundai Mipo Dockyard.

11:54 GMT, 08 Mar 2010
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Buying dry

Bulker sales stay strong amid expectation prices will not be dropping in the near term, broker says.

14:05 GMT, 08 Mar 2010
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Uni-Asia suffers

Japanese ship financier sees fourth quarter results slip into the red on weaker shipping markets.

06:58 GMT, 08 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 March 2010
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Campbell orders

Bahamas-based Campbell Shipping pens up to four bulkers at small Chinese yard.

11:08 GMT, 05 March 2010
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Greek ship evades

Tramp Maritime bulker Melina 1 chased by pirates for 12 hours off the west coast of India.

10:04 GMT, 08 March 2010
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Bulker arrest

QT Trading sends US Marshalls to seize a vessel once connected to bankrupt shipowner Daewoo Logistics.

12:03 GMT, 05 Mar 2010
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Bonds for PB

Hong Kong handysize shipowner Pacific Basin raises $230m from convertible bond issue and cuts cost of financing.

04:29 GMT, 05 Mar 2010
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Thor Sea scrapped

Thailand’s Thoresen Thai Agencies has offloaded another of its elderly general cargo vessels.

06:43 GMT, 05 Mar 2010
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Eagle shifts

A JP Morgan analyst maintains his rating for Eagle Bulk Shipping but re-evaluates certain estimates as the bulker owner changes charter focus.

13:40 GMT, 04 Mar 2010
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