RSS for Tradewinds, Finance

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.

Rich get richer

Andy Pierce — Fri, 12 Mar 2010 13:11:44 GMT

Brazilian magnate Eike Batista joins world’s top 10 rich list, while Fredriksen drops Ofer to ride back into Forbes’ top 100.

OceanFreight split

Aaron Kelley — Fri, 12 Mar 2010 12:06:35 GMT

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

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.

Log-In loss

Aaron Kelley — Thu, 11 Mar 2010 12:52:05 GMT

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

Swedish slide

Gary Dixon — Thu, 11 Mar 2010 16:40:09 GMT

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

Going low

Gary Dixon — Fri, 12 Mar 2010 08:49:39 GMT

Evangelos Marinakis’ new tanker IPO venture Crude Carriers prices at bottom of range, targeting $256.5m to buy three ships.

Marine meld

Jim Mulrenan — Thu, 11 Mar 2010 14:45:53 GMT

Insurance cover of Torm, Clipper, DFDS and other top owners in contention as Codan buys renewal rights to TrygVesta hull underwriting portfolio.

DVB "solid"

Gary Dixon — Thu, 11 Mar 2010 10:38:09 GMT

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

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.

Trouble ahead

Gary Dixon — Thu, 11 Mar 2010 09:55:06 GMT

Swire Pacific Offshore says rates will continue under pressure this year due to spate of newbuilding deliveries.

Clarksons up

Eoin O'Cinneide — Thu, 11 Mar 2010 08:38:43 GMT

End of legal spat with Russians and large cost cuts save Andi Case-led broker as sales slump in poor markets.

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.

Divi view doubles

Andy Pierce — Wed, 10 Mar 2010 12:17:08 GMT

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

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

Aaron Kelley — 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.

Dim view

Gary Dixon — Wed, 10 Mar 2010 09:18:14 GMT

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

Hegnar hikes

Andy Pierce — Wed, 10 Mar 2010 09:05:50 GMT

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