RSS for Tradewinds, Tankers

Texas tax fight

Aaron Kelley — Fri, 12 Mar 2010 16:39:57 GMT

Gulf Coast player challenges US tax authorities over unfavourable designation of time charter income.

Mercator mum

Eoin O'Cinneide — Fri, 12 Mar 2010 16:11:52 GMT

Indian owner confirms bulker and tanker purchases but keeps lips sealed on ship names.

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.

Bidding begins

Aaron Kelley — Thu, 11 Mar 2010 17:46:40 GMT

Transpetro launches into the ethanol trade by inviting shipyards to compete for a 100 vessel order.

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.

Diesen departs

Dale Wainwright — Fri, 12 Mar 2010 03:56:58 GMT

More upheaval at DHT Holdings as chief executive quits and Randee Day takes temporary charge.

‘Wind no factor’

Eoin O'Cinneide — Thu, 11 Mar 2010 10:54:43 GMT

USCG hit out at reports “strong winds” and “poor visibility” could have cause Eagle Otome crash off Texas.

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.

China crude high

Dale Wainwright — Thu, 11 Mar 2010 04:06:42 GMT

February’s crude imports into the People’s Republic reached the second highest level on record.

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.

Capital crew die

Eoin O'Cinneide — Wed, 10 Mar 2010 11:56:02 GMT

Food poisoning suspected in deaths of three seafarers on Evangelos Marinakis-led Capital tanker Arionas.

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.

Caspian coup

Gary Dixon — Wed, 10 Mar 2010 09:45:32 GMT

Azerbaijan state owner CSC posts big rise in cargo volumes for 2009.

Blown off course?

Eoin O'Cinneide — Wed, 10 Mar 2010 09:29:02 GMT

High winds and poor visibility may have led to Texas smash and oil spill involving AET’s Eagle Otome.

Morten minted

Andy Pierce — Tue, 09 Mar 2010 16:33:44 GMT

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

Vitol tears veil

Jim Mulrenan — Tue, 09 Mar 2010 15:39:10 GMT

Oil trader gets green light to pursue wider ownership interests of Greek Kalogiratos family.

Norwegian hit

Eoin O'Cinneide — Sat, 06 Mar 2010 09:22:41 GMT

Twenty one Myanmar crew onboard Brovigs Rederi-owned chemical unit snatched by Somali pirates.

Aframax action

Aaron Kelley — Tue, 09 Mar 2010 13:48:02 GMT

Brazilian oil giant Petrobras is ready to ink a time charter deal for a tanker tender lasting three years, brokers say.