RSS for Tradewinds, Dry Cargo

Baltic melts

Aaron Kelley — Mon, 15 Mar 2010 18:06:35 GMT

Peter Georgiopoulos' latest dry-bulk venture Baltic Trading closes IPO after pocketing $228.2m.

Genco ship held

Aaron Kelley — Mon, 15 Mar 2010 19:31:37 GMT

Emergency preparedness questioned after authorities detain a panamax bulker in the port of Baltimore.

Iron price push

Aaron Kelley — Mon, 15 Mar 2010 16:02:44 GMT

Deutsche Bank analyst foresees volatility in the drybulk market as steel mills challenge miners over iron ore pricing.

Safe sale

Gary Dixon — Mon, 15 Mar 2010 11:34:02 GMT

Polys Haji-Ioannou's bulker company lines up $78m share offer to hunt new ships.

Hedland lower

Dale Wainwright — Mon, 15 Mar 2010 03:47:36 GMT

The world’s largest bulk exporting port has seen shipments of iron ore slip 13.5% in February.

Molaris heads IPO

Andy Pierce — Fri, 12 Mar 2010 15:52:58 GMT

Former Quintana and Excel chief rides back into Wall Street at head of $270m bulker and tanker float.

Red ink for Top

Dale Wainwright — Fri, 12 Mar 2010 07:23:50 GMT

Write-down on two tankers pushes Evangelos Pistiolis-led shipowner to loss for fourth quarter.

Spar goes supra

Trond Lillestolen — Thu, 11 Mar 2010 17:17:56 GMT

Norwegian owner boosts orderbook with deal for five 58,000-dwt bulkers at Yangzhou Dayang.

PB pays up

Dale Wainwright — Fri, 12 Mar 2010 08:05:01 GMT

Pacific Basin has extended its charter of a Genco Shipping supramax, but at 28% higher rate.

More delayed

Dale Wainwright — Fri, 12 Mar 2010 06:01:00 GMT

Cosco Corp (Singapore) says delivery of four more handymaxes delayed as panamax gets cancelled.

Torm tanks

Eoin O'Cinneide — Thu, 11 Mar 2010 09:16:19 GMT

Danish giant sinks into the red and warns of possible large loss in 2010 as dividends axed.

Chilly reception

Andy Pierce — Wed, 10 Mar 2010 16:03:45 GMT

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

Greek ship evades

Eoin O'Cinneide — Mon, 08 Mar 2010 10:04:26 GMT

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

Moving downtown

Andy Pierce — Wed, 10 Mar 2010 15:07:08 GMT

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

Sinotrans suffers

Gary Dixon — Wed, 10 Mar 2010 15:17:27 GMT

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

Baltic IPO hot

Wed, 10 Mar 2010 12:39:36 GMT

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

Majority minded

Jim Mulrenan — Wed, 10 Mar 2010 11:26:06 GMT

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

MOL bulker sold

Andy Pierce — Wed, 10 Mar 2010 10:55:25 GMT

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

Four fall back

Andy Pierce — Fri, 05 Mar 2010 12:17:31 GMT

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