TradeWinds
Shipping Index
Article image

Down on debut

Evangelos Marinakis-backed Crude Carriers sees share price slip following New York IPO.
08:59 GMT, 15 March 2010
Newsflash
Article image

Michelet quits

Imarex founder and CEO Herman Michelet walks following "different views" on management of Norwegian derivatives player.

08:24 GMT, 15 Mar 2010
Article image

Berlian up sizes

Indonesian shipowner says it has increased the size of its recent convertible bond issue by 25%.

07:19 GMT, 15 Mar 2010
Article image

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
Article image

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 Mar 2010
Article image

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 March 2010
Article image

OceanFreight split

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

12:06 GMT, 12 March 2010
Article image

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
Article image

DVB "solid"

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

10:38 GMT, 11 March 2010
Article image

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 March 2010
Article image

Swedish slide

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

16:40 GMT, 11 March 2010
Article image

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
Article image

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 Mar 2010
Free News
Article image

Log-In loss

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

12:52 GMT, 11 Mar 2010
Article image

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
Article image

Chilly reception

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

16:03 GMT, 10 Mar 2010
Article image

Sinotrans suffers

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

15:17 GMT, 10 Mar 2010
Free News
Article image

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
Article image

Dim view

Ratings agency Moody’s changes Sovcomflot’s outlook to negative after trying times in tanker markets.

09:18 GMT, 10 Mar 2010

Panamax push

Article image

Divi view doubles

Analyst hikes dividend forecast for Frontline due to its high exposure to stronger spot market.

12:17 GMT, 10 March 2010
Article image

Baltic IPO hot

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

12:39 GMT, 10 March 2010
Article image

Hegnar hikes

Hurtigruten chairman Trygve Hegnar finds $20m to boost his holding in the shipowner to over 25%.

09:05 GMT, 10 March 2010
Free News
Article image

OSG pay play

Morten Arntzen-led tanker giant slashes payouts to board members but says the compensation is still competitive.

11:54 GMT, 09 Mar 2010
Free News
Article image

Glencore suffers

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

08:23 GMT, 10 Mar 2010
Article image

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
Free News
Article image

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
Article image

Dalian lower

China’s second largest oil port sees full-year profits come in over one quarter lower than a year ago.

06:41 GMT, 10 Mar 2010
Article image

Subsea shift

Helix Energy Solutions is offloading its oil and gas subsidiary to bankroll expansion in the subsea sector.

16:26 GMT, 09 Mar 2010
Article image

Morten minted

Overseas Shipholding Group, led by Morten Arntzen, drags in nearly $160m from a share issue.

16:33 GMT, 09 Mar 2010
Article image

Gas giveaway

Golar LNG confirms hand-out of 9.7m shares in Golar LNG Energy as dividend – equivalent to 4% of company.

09:59 GMT, 09 Mar 2010
Free News
Article image

Buying DryShips?

Rumour sweeps New York that AP Moller-Maersk is readying a takeover bid for George Economou’s DryShips.

09:16 GMT, 09 March 2010
Article image

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
Article image

DFDS down

Danish ro-ro player sees 2009 profit cut back, but says markets are improving so far this year.

09:32 GMT, 09 March 2010
Free News
Article image

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
Article image

IPO optimism

Analysts back Dof’s plans to list NorSkan in Brazil as Norwegian owner’s shares inch up in Oslo.

12:40 GMT, 08 Mar 2010
Article image

Pay out time

Shareholders in CP Ships finally get compensation for misrepresentation of financial results six years ago.

09:36 GMT, 09 Mar 2010
Article image

Delisting dilemma

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

11:12 GMT, 08 Mar 2010
ShipX Auction