TradeWinds
Shipping Index
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Titan to tank

Hong Kong shipbuilder and storage specialist set for “substantial loss” as newbuilding orders dry up.
07:42 GMT, 09 February 2010
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CMB buys back

Marc Saverys-led shipowner splashes out $2m on its own stock.

11:22 GMT, 09 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
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Marco Polo grows

Singapore-listed charterer and shipbuilder sees bottom line boosted by stronger showing from both arms.

10:28 GMT, 09 Feb 2010
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Court clearance

Singapore’s High Court approves debt repayment scheme for offshore owner and shipbuilder Jaya Holdings.

10:31 GMT, 09 Feb 2010
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Second sale

Hedge fund 2i Capital cuts Pipavav holding for the second time in a month, bringing in over $20m.

16:00 GMT, 08 February 2010
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Red ink for STX

Shipbuilder warns of more cuts in European cruise and ferry yards but is positive on offshore outlook.

18:46 GMT, 08 February 2010
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Qatar Nav dips

State-controlled container line sees 2009 profit fall compared to strong 2008.

08:30 GMT, 09 February 2010
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Forget it

Frontline chief Jens Martin Jensen dismisses Nordic American Tanker Shipping takeover as nonsense.

12:36 GMT, 08 February 2010
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Navios bags $62m

Angeliki Frangou's Navios Maritime Partners closes latest equity offering with all underwriter options exercised.

18:22 GMT, 08 February 2010
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Resilient Rickmers

Singapore containership owner sees healthy growth but plans newbuilding freeze as it faces refinancing talks with its banks.

12:35 GMT, 08 February 2010
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CHO stake sale

Malaysia’s Scomi Marine offloads 29% stake in Singapore-listed offshore player CH Offshore.

01:42 GMT, 08 Feb 2010
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Payout lifts Odfjell

Sevmash compensation payment helps to lift Oslo-listed chemical carrier owner into the black.

08:47 GMT, 08 Feb 2010
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Barents boost

HHI scores $1bn FPSO deal with Statoil and Eni to help soften blow of order drought.

11:09 GMT, 08 Feb 2010
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Worse by half

Finnish tanker owner Neste suffers 50% drop in freight rates in 2009 as profit falls.

10:49 GMT, 05 Feb 2010
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Loan lengthened

Khalid Hashim’s Precious Shipping stretches $260m loan, buying itself more time for second hand spending spree.

08:53 GMT, 08 Feb 2010
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Up then down

JP Morgan analyst predicts a "tale of two halves" for the bulker sector as Chinese imports accelerate ahead of a softer market.

15:53 GMT, 05 Feb 2010
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Hanjin sells

Korean container line's holding company issuing new shares to up stake in operating unit.

09:21 GMT, 05 Feb 2010
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DSME disappoints

World’s second largest shipbuilder turns in record profit for 2009, but analysts expected more.

08:29 GMT, 08 Feb 2010

Panamax push

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Falling short

Japan’s Kyoei Tanker sees nine-month profit cut despite revenue rise.

09:59 GMT, 05 February 2010
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CHO falls short

No asset disposals and smaller fleet result in 40% fall in interim profits at Singapore offshore player.

05:24 GMT, 05 February 2010
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Fire funds

A $59m insurance payout following Australian rig blaze will hit Seadrill’s balance sheet in the fourth quarter.

11:27 GMT, 05 February 2010
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IHI inches ahead

Japanese shipbuilder edges back into profit in first nine months, but forecasts much stronger fourth quarter.

08:47 GMT, 05 Feb 2010
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Black is the Color

Norwegian ferry owner Color Line improves annual profit, boosted by currency gains.

09:28 GMT, 05 Feb 2010
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Futures up

Dry-cargo trading volumes jump 129% on last month as derivatives deals climb 40% to $912m, says Imarex.

08:43 GMT, 05 Feb 2010
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Double it

Tokyo-listed Tokai Kisen jacks up full-year forecast amid hope of higher revenue.

10:43 GMT, 05 Feb 2010
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Mitsui minted

Japanese shipbuilder Mitsui Engineering raises full-year forecast after large rise in profit and sales.

08:37 GMT, 05 Feb 2010
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Inui much weaker

MOL bulker offshoot Inui Steamship posts big drop in nine-month profit on weaker rates.

08:51 GMT, 05 Feb 2010
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Todd tumbles

US shipbuilder sees third quarter profits fall nearly 40% on higher costs and lack of other income.

07:39 GMT, 05 Feb 2010
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Firm gets out

Arbitrage player Highbridge Capital Management holds a 0.1% slice of Trico Marine after formerly holding sizeable stake in warrants and bonds.

21:08 GMT, 04 Feb 2010
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Franklin's slice

Mutual fund manager Franklin Resources reveals 5% stake in Overseas Shipholding Group.

22:29 GMT, 04 February 2010
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Bulky losses

Croatian owner Atlantska Plovidba turns in 2009 loss as markets go sour.

15:21 GMT, 04 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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Big guns buy

Otto Marine bags $70m from private placement – helped by former Labroy Marine owner Tan Boy Tee.

12:44 GMT, 04 Feb 2010
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Loan bind

Malaysia’s MMM could be held back on tanker purchase by worries over debt rating.

12:31 GMT, 04 Feb 2010
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TK forecast hiked

Deutsche Bank analyst cuts fourth-quarter estimates for Teekay Corp but increases forecasts for 2010 and 2011.

18:20 GMT, 04 Feb 2010
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Tamai still red

Japanese owner eyes return to profit for the full-year but nine-month earnings still down.

10:15 GMT, 04 Feb 2010