TradeWinds
Shipping Index
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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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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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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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Goldenport sinks to first-half loss

Paris Dragnis-led boxship and bulker owner in the red as operating fleet shrinks and rates wane.

07:25 GMT, 31 Aug 2010
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CMB board approves payout

Investors jump for joy as Benoit Timmermans-led parent of bulker owner Bocimar hangs on to interim dividend.

16:39 GMT, 31 Aug 2010
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‘Boxship buys on the way’

Goldenport to use most of $85m cash by year end as boxship values hit “interesting” levels, John Dragnis says.

09:38 GMT, 31 Aug 2010
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NYMET eyes fresh fixtures

New York-based commodities trader hunts bulkers on the heels of $120m iron ore deal and Dahlman Rose pact.

20:44 GMT, 30 Aug 2010
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Jinhui sees profits rise

Oslo-listed bulker owner’s bottom line benefits from lower operating costs in the second quarter.

06:15 GMT, 30 Aug 2010

TradeWinds | Shipping IndexUS markets are now open

Last 24 hours

-1.76%16:37

13 up

6 unchanged

11 down

Chartering | Dry cargo
free news

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

German grabs Vrontados supramax for haul from US Gulf to the Far East at $38,000 a day.

Capesizes:

up

Panamaxes:

up

Supramaxes:

down

13:03 GMT, 01 September 2010

Trading stalwart behind recent two-year deal for Seanergy panamax as STX also pays big.

Capesizes:

up

Panamaxes:

down

Supramaxes:

down

00:49 GMT, 01 September 2010
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Yangzijiang bags bulker boost

Singapore-listed shipbuilder talks up sizzling summer as two-month backlog binge nears $1bn.

16:46 GMT, 30 Aug 2010
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Seanergy swelling fleet with buys

Victor Restis-connected bulker owner paying $62m in cash and shares to take full control of two companies.

14:17 GMT, 27 Aug 2010
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Saudi JV eyes bulkers

Panamaxes on the menu for new joint venture firmed up between NSCSA and Arasco.

08:20 GMT, 30 Aug 2010
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Glencore profits up 42%

Ivan Glasenberg-led commodities giant sees interim profits jump on improving global economy.

02:57 GMT, 27 Aug 2010
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China Cosco readies $735m bond sale

Ten-year bond sale part of larger plan by China Cosco Holdings to repay debt and fund expansion programme.

08:18 GMT, 27 Aug 2010
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Shih Wei slides in first half

Taiwanese bulker owner’s revenue increases, but income from investments sharply down.

10:30 GMT, 27 Aug 2010
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Golden’s got its appetite back

CEO Herman Billung says bulker owner is ready to be more aggressive on the acquisition front.

14:35 GMT, 26 Aug 2010
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Billung: ‘Plenty to go around’

Golden Ocean will not be cutting ties with its three third-party managers despite buying into Frontline start-up Sea Team.

15:24 GMT, 26 Aug 2010

Embley probed

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SFI in $100m supramax splurge

John Fredriksen-connected company lines up long-term charters for new units and reveals drop in profit.

13:29 GMT, 26 Aug 2010
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Camillo Eitzen saved by Bulk sale

Axel Eitzen-led gas and chemical ship owner returns to black after gain on disposal of Eitzen Bulk.

07:22 GMT, 26 Aug 2010
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Golden payday looks delicious

“Huge surprise” as Golden Ocean’s second quarter dividend is double the forecast figure.

08:51 GMT, 26 Aug 2010
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Arctic route first for bulker

Tschudi-led group planning first trip for non-Russian flagged cargoship through northern sea route.

10:42 GMT, 26 Aug 2010
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Profits not so Golden

Herman Billung-led dry bulk player sees second quarter figures decline almost 74% on a year ago.

07:10 GMT, 26 Aug 2010
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Safe plugs capesize charter gap

Polys Hajioannou’s Safe Bulkers grabs a “comfortable” charter for the Kanaris to fill a space ahead of a 20-year contract.

15:18 GMT, 23 Aug 2010
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Eitzen Bulk tips dry downtrend

Copenhagen-listed bulker operator says rates will fall under pressure from newbuildings after slipping into the red in Q2.

16:27 GMT, 24 Aug 2010
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STX inks domestic CVC

South Korean shipowner seals fifteen-year deal to ship steaming coal for local power company.

06:06 GMT, 24 Aug 2010
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Seanergy scores Hamburg fix

Greek bulker owner seals fresh fixture for Hamburg Max with ceiling set at $25,500 per day.

16:10 GMT, 25 Aug 2010
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Yorkville yaks on SEC inquiry

Mark Angelo-led hedge fund with ties to US-listed shipowners comes clean about SEC scrutiny, sources say.

18:18 GMT, 25 Aug 2010
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MBC airs dry-bulk market fears

Malaysian Bulk Carriers’ profit halved in second quarter and warns of over-tonnaged market and global downturn.

10:02 GMT, 24 Aug 2010
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Cape deal gives Q4 shine

TMT contract for Golden Ocean capesize newbuilding raises spirits in the dry-cargo market, analysts say.

09:47 GMT, 24 Aug 2010
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Jiangsu Datang powers ahead

Chinese electricity generator aims to expand shipowning operation to stabilise freight cost.

10:19 GMT, 23 Aug 2010
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Harpa axes ETA charters

Bremen-based bulker operator pulls two units from long-term contracts with Emirates Trading Agency amid $10m legal battle.

16:29 GMT, 24 Aug 2010
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Marco Polo clinches coal contract

Singapore-listed tug titan says Malaysian coal demand will surge as its 2010 shipping deals tip $45m.

14:27 GMT, 23 Aug 2010
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Vale in Liberia port push

Roger Agnelli-led Brazilian mining giant to build port and railway for export of Guinean iron ore.

07:34 GMT, 23 Aug 2010
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Ore trader plans charter venture

Indian bulk commodities specialist Nexus Minmet aims to develop period chartering business.

12:16 GMT, 23 Aug 2010
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Thoresen offloads Traveller

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

05:22 GMT, 23 Aug 2010