RSS for TradeWinds.no, Americas

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.

OceanFreight split

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

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

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.

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.

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.

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.

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.

‘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.

Brazil job for SMM

Dale Wainwright — Thu, 11 Mar 2010 05:47:44 GMT

SembCorp Marine’s Jurong Shipyard to carry out pre-conversion works on Petrobras FPSO.

Long Beach jumps

Dale Wainwright — Thu, 11 Mar 2010 00:49:32 GMT

US west coast container port has reported a third consecutive month of growth in volumes.

Seattle surprise

Aaron Kelley — Wed, 10 Mar 2010 16:36:39 GMT

Port of Seattle posts positive results despite a steady decline in container traffic.

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.

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.

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.

Subsea shift

Aaron Kelley — Tue, 09 Mar 2010 16:26:03 GMT

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

Kamsarmax fixed

Andy Pierce — Tue, 09 Mar 2010 14:31:38 GMT

Polys Hajioannou's Safe Bulkers pens a new contract for one of its ships axed by Daiichi last year.

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.

OSG pay play

Aaron Kelley — Tue, 09 Mar 2010 11:54:31 GMT

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

Two tied up

Andy Pierce — Tue, 09 Mar 2010 10:15:21 GMT

Petrobras hires Solstad AHTS while Statoil extends PSV for another year.

Volumes to rise

Dale Wainwright — Tue, 09 Mar 2010 01:17:33 GMT

Container volumes at US ports are set to see continued strong recovery in March, says trade body.

Petrobras fixes

Aaron Kelley — Mon, 08 Mar 2010 17:54:39 GMT

John Fredriksen-backed Deep Sea Supply has inked two time charter deals with Brazilain oil giant Petrobras.

Turkish dismay

Jim Mulrenan — Mon, 08 Mar 2010 15:25:14 GMT

A Turkish shipowner is liable to pay damages to a charterer for refusing to carry two potentially hazardous cargoes.

FreeSeas freefall

Aaron Kelley — Mon, 08 Mar 2010 15:21:20 GMT

Athens-based bulker owner posts a loss in the fourth quarter as fleet expansion proves pricey.

Double down

Aaron Kelley — Mon, 08 Mar 2010 13:52:06 GMT

Two gambling ships are seized as hedge fund seeks $74m from insolvent Ocean Casino Cruises.

Steel scam busted

Eoin O'Cinneide — Mon, 08 Mar 2010 13:32:47 GMT

Shipping fraudsters suspected of masterminding scrap con from Europe and South American to Asia.

IPO optimism

Andy Pierce — Mon, 08 Mar 2010 12:40:02 GMT

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

Delisting dilemma

Aaron Kelley — Mon, 08 Mar 2010 11:12:12 GMT

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

Crude feud

Eoin O'Cinneide — Sat, 06 Mar 2010 17:51:08 GMT

NATS’ Herbjorn Hansson cries foul over “negative” campaign by Evangelos Marinakis’ Crude Carriers on IPO roadshow.

Chavez port crisis

Aaron Kelley — Fri, 05 Mar 2010 17:41:51 GMT

Venezuela’s busiest cargo port is crippled as 2,000 workers go on strike over unpaid wages.

Death at LA port

Eoin O'Cinneide — Fri, 05 Mar 2010 14:50:48 GMT

Body of naked man who allegedly jumped off Los Angeles pier to escape pursuer pulled from water.

Steimler picked

Dale Wainwright — Fri, 05 Mar 2010 08:47:46 GMT

Former Tankers International boss Michael Steimler appointed to board of under pressure DHT Maritime.

Synergy improves

Dale Wainwright — Fri, 05 Mar 2010 08:15:13 GMT

Restis dry bulk operation still in the red at the end of year, but results mark improvement on 2008.

Teekay still in red

Jim Mulrenan — Thu, 04 Mar 2010 16:16:43 GMT

Top tanker owner prioritises cost saving, debt reduction and improved profitability.

Shuttle pain

Aaron Kelley — Thu, 04 Mar 2010 15:16:10 GMT

Teekay Offshore Partners back in the black but shuttle tanker revenue was lower than expected.

Spot security

Jim Mulrenan — Thu, 04 Mar 2010 14:28:10 GMT

Bjorn Moller in optimistic mood as he promises shareholders full spot market earnings will feed through to dividends.

Teekay sells trio

Eoin O'Cinneide — Thu, 04 Mar 2010 14:07:23 GMT

Offshoot Teekay LNG returns to profit and takes suezmax pair and handymax from parent in $160m deal.

Eagle shifts

Aaron Kelley — Thu, 04 Mar 2010 13:40:44 GMT

A JP Morgan analyst maintains his rating for Eagle Bulk Shipping but re-evaluates certain estimates as the bulker owner changes charter focus.

Off to Rio

Andy Pierce — Thu, 04 Mar 2010 12:31:45 GMT

Trans Viking anchor handler signed up for a four-month stint off Brazil at a rumoured $30,000 per day.

Greek detention

Aaron Kelley — Thu, 04 Mar 2010 11:35:14 GMT

A Piraeus-based shipping company may face charges in a “magic pipe” case after a bulker was detained by the USCG.

Master summoned

Eoin O'Cinneide — Thu, 04 Mar 2010 10:41:44 GMT

Investigation into smash and spill in Texas will see Eagle Otome captain and crew testify at USCG hearing.

Horizon ship stalls

Eoin O'Cinneide — Thu, 04 Mar 2010 09:33:25 GMT

Smoke causes crew to shut down engines on Chuck Raymond-led Horizon ship which heads to US for repairs.

Diamond bags trio

Dale Wainwright — Thu, 04 Mar 2010 01:42:26 GMT

US drilling company ties up two semi-submersibles and a drillship to Brazilian oil giant Petrobras.

A broker in days?

Aaron Kelley — Wed, 03 Mar 2010 18:52:06 GMT

If you’re still working on making your first million the sale and purchase market offers easy money!

Brawl on the Wall

Eoin O'Cinneide — Wed, 03 Mar 2010 16:43:50 GMT

DHT’s largest shareholder MMI lashes management and board over axed dividends and ‘opaque’ strategy.

Chevron preps axe

Aaron Kelley — Wed, 03 Mar 2010 14:52:56 GMT

Chevron may cancel the bareboat charter of a VLCC owned by Frontline offshoot Independent Tankers Corp.

Fight continues

Aaron Kelley — Wed, 03 Mar 2010 11:48:04 GMT

Greek shipping interests are seeking arbitration over a $3.9m dispute with a Mexican charterer.

Maersk axes slots

Eoin O'Cinneide — Wed, 03 Mar 2010 08:52:37 GMT

Maersk Line ending six-year slot charter of Horizon Lines ships in Pacific but hints at replacement.

Eagle sent diving

Eoin O'Cinneide — Wed, 03 Mar 2010 08:34:17 GMT

Full-year profit down at Sophocles Zoullas-led Eagle Bulk as costs increase on anti-piracy measures and finance expenses.

Sale underway

Aaron Kelley — Tue, 02 Mar 2010 20:17:01 GMT

Shipowners are “expressing interest” in the sale of three unfinished products tankers linked to AHL shipping.

Massive IPO

Aaron Kelley — Tue, 02 Mar 2010 15:50:54 GMT

Brazilian shipyard owner OSX led by billionaire Eike Batista seeks $5.6bn from Sao Paulo listing.

Port reopens

Aaron Kelley — Tue, 02 Mar 2010 13:46:33 GMT

Chile’s busiest seaport reopened today while one major copper port remains closed as it continues to assess structural damage to piers.

GSL bounces back

Andy Pierce — Tue, 02 Mar 2010 13:37:39 GMT

Ian Webber-led shipowner returns to the black in fourth quarter as bigger fleet boosts revenue.

Euroseas better

Dale Wainwright — Tue, 02 Mar 2010 07:23:17 GMT

Aristides Pittas-led boxship and bulker player still reports a loss, but less so than in 2008.

Capsize probe

Aaron Kelley — Mon, 01 Mar 2010 19:46:08 GMT

The St Lucia Air and Seaport Authority is investigating what caused a containership to capsize after departing the port of Vieux-Fort.

TMM appoints

Aaron Kelley — Mon, 01 Mar 2010 16:44:54 GMT

Management changes continue at Mexico City-based Grupo TMM as the company’s board of directors appoints new executive officers.

Dead slow for OSG

Jim Mulrenan — Mon, 01 Mar 2010 13:07:29 GMT

Morten Arntzen bemoans most difficult tanker market in 20 years as revenues plunge.

Harvey buys five

Aaron Kelley — Mon, 01 Mar 2010 12:20:02 GMT

Harvey Gulf International pays $100m for five offshore support vessels and secures service contracts with two US oil majors.

SFI to refinance

Aaron Kelley — Fri, 26 Feb 2010 21:44:14 GMT

John Fredriksen's Ship Finance International working to refinance $675m syndicated loan.

Contracts switch

Aaron Kelley — Fri, 26 Feb 2010 21:40:22 GMT

John-Fredriksen's Ship Finance International converts boxship contracts into orders for seven bulkers.

SFI soars

Aaron Kelley — Fri, 26 Feb 2010 18:20:49 GMT

John Fredriksen's Ship Finance International reports profits boosted by the sale of a suezmax tanker.

Trio under threat

Andy Pierce — Fri, 26 Feb 2010 14:36:13 GMT

Future of Cecon’s three offshore construction vessels in doubt after Davie Yards files for bankruptcy protection.

ITCL edges ahead

Jim Mulrenan — Fri, 26 Feb 2010 11:23:26 GMT

Frontline linked offshoot books a marginal increase in profit from bareboat tanker chartering.

Management cuts

Andy Pierce — Fri, 26 Feb 2010 10:53:01 GMT

Frontline will not be ditching V.Ships and Thome completely despite setting up its own shipmanagement arm, CEO says.

ITC steady

Eoin O'Cinneide — Fri, 26 Feb 2010 10:05:04 GMT

Profit up a little at John Fredriksen’s International Tankers Corp but VLCC rates down.

Davie files

Dale Wainwright — Fri, 26 Feb 2010 03:22:11 GMT

Canadian yard seeks court protection as it admits offshore shipbuilding was harder than it thought.

DryShips improves

Dale Wainwright — Fri, 26 Feb 2010 01:42:18 GMT

George Economou-led bulker and drillship manages to squeeze out a profit at the end of 2009.

TMM tanks

Aaron Kelley — Thu, 25 Feb 2010 22:43:32 GMT

Mexico City-based tanker and offshore vessel owner Grupo TMM posts a loss in 2009 but reports a gain in annual operating income.

Baltic IPO grows

Eric Martin — Thu, 25 Feb 2010 20:39:35 GMT

Spin-off of Peter Georgiopoulos' Genco Shipping lifts initial public offering to nearly $300m.

Search over

Eric Martin — Thu, 25 Feb 2010 19:55:48 GMT

In incident featured in this week's "Casualty file", search for crew member who fell from the Japanese-controlled Pacific Venus comes up empty.

Seismic bet

Aaron Kelley — Thu, 25 Feb 2010 18:38:45 GMT

CGG Veritas speeds up its fleet restructuring plan based on expectations of increased demand for advanced vessels and a recovery in the seismic sector.

Gulfmark lower

Dale Wainwright — Thu, 25 Feb 2010 08:43:01 GMT

US-listed offshore vessel operator ends year with a loss as revenues weakened and costs grew.

Excel springs back

Dale Wainwright — Thu, 25 Feb 2010 07:47:03 GMT

Gabriel Panayotides-led bulker owner returns to profit after impairment blighted 2008 fourth quarter.

Back in black

Dale Wainwright — Thu, 25 Feb 2010 06:55:31 GMT

After costly end to previous year US-listed dry bulk owner Genco returns to profit in the fourth quarter of 2009.

Aegean inches up

Dale Wainwright — Thu, 25 Feb 2010 05:12:24 GMT

Profits at Nikolas Tavlarios-led bunker player inch up just under 5% from a year ago, but revenues surge.

Genmar turns red

Dale Wainwright — Thu, 25 Feb 2010 03:24:42 GMT

One-off impairment charges push US-listed tanker owner to a $53m loss in the fourth quarter.

Cape identity

Dale Wainwright — Thu, 25 Feb 2010 02:01:06 GMT

Akis Tsirigakis-led Star Bulk Carriers being linked to purchase of Danish owner Norden's former capesize Nord Kraft.

Vancouver down

Dale Wainwright — Thu, 25 Feb 2010 00:54:20 GMT

Despite rises in grain, petroleum and specialty crops Canadian port sees decline in annual volumes.

Tropical weaker

Aaron Kelley — Wed, 24 Feb 2010 22:05:33 GMT

Nicor-owned Tropical Shipping posts a fourth quarter profit but volumes and operating income continue a steady decline.

Dolphin sold

Aaron Kelley — Wed, 24 Feb 2010 19:24:35 GMT

Brokers say D'Amato di Navigazione has sold a seven-year-old panamax products tanker to Felipe Menendez-led Ultrapetrol for $32m.

Star downgraded

Aaron Kelley — Wed, 24 Feb 2010 16:21:36 GMT

Dahlman Rose downgrades Star Bulk Carriers to "hold" based on the company's older fleet profile and active role in risky derivatives contracts.

Star stays red

Dale Wainwright — Wed, 24 Feb 2010 08:23:55 GMT

Akis Tsirigakis-led bulker outfit slumps to fourth quarter loss on lower revenues and higher costs.

Capital prices

Dale Wainwright — Wed, 24 Feb 2010 02:24:23 GMT

Evangelos Marinakis-led Capital Product Partners sets price level for planned issue of 5.8m new shares.

Long Beach higher

Dale Wainwright — Wed, 24 Feb 2010 00:59:23 GMT

US west coast container port has reported a second consecutive month of growth in volumes.

Strange sinking

Aaron Kelley — Tue, 23 Feb 2010 22:44:06 GMT

A German-owned containership en route to Guyana sank off the coast of St Lucia, and the cause remains a mystery.

NCL shines

Aaron Kelley — Tue, 23 Feb 2010 19:11:55 GMT

Norwegian Cruise Line’s return to profitability in 2009 overshadows slump in fourth-quarter earnings.

Diana on target

Aaron Kelley — Tue, 23 Feb 2010 16:46:18 GMT

The Simeon Palios-led bulker owner’s fourth quarter profits are down but in line with Wall Street estimates.

Frangou upbeat

Jim Mulrenan — Tue, 23 Feb 2010 13:37:12 GMT

Weak freight rates are continuing to hit Navios Maritime Holdings freight revenues but Angeliki Frangou remains optimistic about upcoming opportunities.

Buy-back boost

Andy Pierce — Tue, 23 Feb 2010 11:15:15 GMT

Seacor Holdings makes nearly $150m more available to invest in its own stock.

Mercury poisoning

Eoin O'Cinneide — Tue, 23 Feb 2010 08:31:05 GMT

Hundreds ill with norovirus on cruiseship Celebrity Mercury a week after carbon monoxide breakout.

Paragon profits up

Dale Wainwright — Tue, 23 Feb 2010 05:51:05 GMT

Lack of write downs helps to boost fourth quarter results at Michael Bodouroglou-led bulker outfit.

Capital to issue

Dale Wainwright — Tue, 23 Feb 2010 04:15:21 GMT

Evangelos Marinakis-led Capital Product Partners to sell 5.8m new shares to fund acquisition.

TSA eyes go slow

Dale Wainwright — Tue, 23 Feb 2010 03:46:39 GMT

Transpacific Stabilisation Agreement given green light by US regulator to discuss slow-steaming.

OceanFreight hit

Dale Wainwright — Tue, 23 Feb 2010 01:25:55 GMT

Write-downs push US-listed shipowner to huge fourth quarter loss in a year it will want to forget.

Belgians buy

Aaron Kelley — Mon, 22 Feb 2010 22:22:58 GMT

Bocimar converts tanker order and reveals plans to splash out $410m on dry tonnage.

Tanker attacked

Eoin O'Cinneide — Mon, 22 Feb 2010 16:05:56 GMT

US Navy swoops on eight pirate suspects after sustained assault in Gulf of Aden as APL boxship also approached.

Aframax arrest

Aaron Kelley — Mon, 22 Feb 2010 16:00:48 GMT

Sempra Energy Trading targets pool players in a $1m dispute over the grounding of an aframax tanker.

Star buys cape

Eoin O'Cinneide — Mon, 22 Feb 2010 14:28:23 GMT

Akis Tsirigakis-led Greek Star Bulk Carriers spends over $42m on Japanese-built bulker.

Aker Phil still red

Eoin O'Cinneide — Mon, 22 Feb 2010 09:55:18 GMT

Reduced newbuilding contract value after legal spat with OSG sinks Aker Philadelphia Shipyard further.

Search off Hawaii

Eoin O'Cinneide — Mon, 22 Feb 2010 08:27:51 GMT

USCG called in as crew member goes overboard Japanese cruiseship Pacific Venus.

Fine levied

Eric Martin — Fri, 19 Feb 2010 21:58:18 GMT

US judge upholds Fleet Management's plea agreement in criminal case over Cosco Busan spill.

Frightening lesson

Eric Martin — Fri, 19 Feb 2010 20:58:58 GMT

Chip and LNG carriers are first to the scene after a tall ship with 64 students and teachers sinks off Brazil.

Dredgers sought

Eric Martin — Fri, 19 Feb 2010 20:19:32 GMT

Florida's Port Manatee seeking bids for dredging for 12.5 metre depth in $200m expansion plan.

Looking abroad

Eric Martin — Fri, 19 Feb 2010 17:30:24 GMT

Dahlman Rose analyst says Petrobras may consider taking internationally built units for massive rig and drillship tenders.

Rag plugs hull

Eric Martin — Fri, 19 Feb 2010 16:47:12 GMT

What the crew of a Russian ship may have thought was an innovative solution to a hull crack has landed the vessel in detention.

Dry-bulk boost

Eric Martin — Fri, 19 Feb 2010 15:43:24 GMT

Stephens analyst upgrades three US-listed bulker stocks on expectations of "meaningful upside" ahead.

Drillship drop

Andy Pierce — Fri, 19 Feb 2010 14:19:51 GMT

Analyst cuts 2011 earnings outlook for DryShips due to softening of drillship market.

Stack shrinks

Andy Pierce — Fri, 19 Feb 2010 13:12:19 GMT

Seacor’s Gulf of Mexico lay-up list was cut in the fourth quarter as it handed back chartered tonnage.

Seacor ahead

Andy Pierce — Fri, 19 Feb 2010 12:02:07 GMT

New York-listed shipowner’s fourth quarter profit takes a dive but its numbers are ahead of analysts’ forecasts.

Filipino rescued

Eoin O'Cinneide — Fri, 19 Feb 2010 11:18:07 GMT

Crewman found “disoriented” in cabin after suspected stroke rescued from Cido ship off Alaska.

More sales ahead

Eric Martin — Thu, 18 Feb 2010 22:27:25 GMT

Compofelice says Trico Marine planning more sales of non-core vessels as it works to boost liquidity. Shares plummet after loss.

Algoma rises

Eric Martin — Thu, 18 Feb 2010 20:50:02 GMT

Canadian owner sees 37.6% rise in profits on improved products tankers results and lower taxes.

Charter stretched

Eric Martin — Thu, 18 Feb 2010 20:17:48 GMT

Houston offshore outfit Oceaneering International extends charter of Island Offshore subsea service vessel for another year.

Legal blow

Eric Martin — Thu, 18 Feb 2010 17:42:33 GMT

Pride International's expectation of a $56.2m settlement of a corruption case pushes rig and drillship owner into $23m loss.

More deferrals

Eric Martin — Thu, 18 Feb 2010 15:43:29 GMT

Oceaneering International CEO says offshore fleet should continue to see deferrals on offshore projects.

No fear

Andy Pierce — Thu, 18 Feb 2010 14:17:30 GMT

Offshore owners with vessels en route to Falkland Islands are un-plussed about growing hostility surrounding Ocean Guarding drilling campaign.

Trico tumbles

Andy Pierce — Thu, 18 Feb 2010 10:17:07 GMT

Newbuilding cancellations hammer Nasdaq-listed owner in the fourth quarter despite healthy income from ship sales.

ITC preps sale

Eric Martin — Wed, 17 Feb 2010 22:30:28 GMT

After failing to secure a new charter for the single-huller Front Voyager, a Frontline arm is asking bondholders to allow a sale.

SCIC worker dies

Eric Martin — Wed, 17 Feb 2010 21:58:42 GMT

Ramp at Seaspan Coastal Intermodal terminal collapses as employee prepares for arriving vessel.

Firm likes MLPs

Eric Martin — Wed, 17 Feb 2010 21:33:30 GMT

Institutional investor Neuberger Berman reveals larger shareholdings in Teekay and Navios partnerships.

Acergy dips

Eric Martin — Wed, 17 Feb 2010 20:44:44 GMT

Strong vessel utilisation helps push US- and Oslo-listed engineering outfit into higher gross profit but isn't enough to lift the bottom line.

Two for DryShips

Eric Martin — Wed, 17 Feb 2010 15:21:58 GMT

George Economou's Nasdaq-listed company orders two panamaxes at a Chinese yard and confirms sale of two 1990s-built bulkers.

'Invaluable asset'

Andy Pierce — Wed, 17 Feb 2010 14:59:19 GMT

Yuri Nikitin opened a door for Clarksons at Sovcomflot, court hears, but he was not the first Russian middleman to make a name for himself.

Pirates open fire

Eoin O'Cinneide — Wed, 17 Feb 2010 11:57:54 GMT

Naval vessel attacked by hijackers onboard Zodiac tanker and North Korea-flagged ship.

Falklands fracas

Eoin O'Cinneide — Wed, 17 Feb 2010 10:56:20 GMT

Argentina compels all ships calling at home ports to secure permission before entering UK waters.

Crowley inks tugs

Dale Wainwright — Wed, 17 Feb 2010 03:22:34 GMT

US shipowner orders pair of ocean going vessels at Bollinger Shipyards for delivery in 2011/2012.

FreeSeas fixes six

Dale Wainwright — Wed, 17 Feb 2010 01:10:32 GMT

Ion Varouxakis-led dry bulk owner agrees spot charters for the bulk of its handysize fleet.

FMR shows slices

Eric Martin — Tue, 16 Feb 2010 22:47:16 GMT

Fidelity Investments' arm reports larger stake in Hornbeck Offshore but cuts holdings in Navios, Royal Caribbean, OSG and Genco.

Driller buys stock

Eric Martin — Tue, 16 Feb 2010 18:30:15 GMT

Transocean directors give the green light to $3.2bn share buy back and to issue $1bn in dividends. Swiss listing prepared.

Elcano scraps

Eric Martin — Tue, 16 Feb 2010 18:00:04 GMT

Spanish owner said to have sent Brazilian-flagged bulker to Indian breakers for $348 per ldt.

Ship hits reef

Eric Martin — Tue, 16 Feb 2010 17:00:42 GMT

Cosco Xiamen multipurpose ship Yong An Cheng reportedly suffers damage in incident at Trinidad's Port of Spain.

Rate view slips

Eric Martin — Tue, 16 Feb 2010 15:57:47 GMT

After weak Seadrill fixture, Dahlman Rose expects ultra-deepwater drillship rates to fall to $400,000 per day.

Diana in box liftoff

Eoin O'Cinneide — Tue, 16 Feb 2010 14:35:31 GMT

Simeon Palios-led Greek bulker owner gets 38% stake in containership venture valued at $132m.

Two broken arms

Eoin O'Cinneide — Mon, 15 Feb 2010 15:08:29 GMT

USCG rescues Filipino crewman after 16-foot tumble into cargo hold of Japanese ship off Alaska.

Blaze in Canada

Eoin O'Cinneide — Mon, 15 Feb 2010 08:49:59 GMT

Welder suffers second degree burns in fire on asphalt carrier Thalassa Desgagnes in Montreal.

Crane clearance

Dale Wainwright — Mon, 15 Feb 2010 01:17:13 GMT

US salvage outfit Titan is working to restore Haiti’s Port-au-Prince to increase cargo throughput.

'BALT' zeroing in

Eric Martin — Fri, 12 Feb 2010 17:58:27 GMT

Baltic Trading document shows the Genco spin-off is inspecting bulkers and confirms nix of "BDI" ticker symbol.

Four team up

Eric Martin — Fri, 12 Feb 2010 17:16:09 GMT

CCNI, Hanjin Shipping, Hapag-Lloyd, Wan Hai Lines and Zim create 11-vessel weekly service between Asia, South America and Africa.

Body found

Eric Martin — Fri, 12 Feb 2010 15:53:51 GMT

After sinking of Kinder Morgan tug in the Houston Ship Channel, salvors find body believed to be missing crewman, Coast Guard says.

LSV takes 5%

Eric Martin — Fri, 12 Feb 2010 15:08:41 GMT

Quantitative financial player LSV Asset Management emerges as a 5% stakeholder in offshore vessel giant Tidewater.

NATS net flat

Eoin O'Cinneide — Fri, 12 Feb 2010 12:53:40 GMT

Herbjorn Hansson-led Nordic American barely scrapes full-year profit but still shells out dividend.

Fire delays rig

Dale Wainwright — Fri, 12 Feb 2010 07:30:46 GMT

US drilling contract Ensco International says deployment of newbuilding jack-up delayed by fire.

Set to go higher

Dale Wainwright — Fri, 12 Feb 2010 04:24:13 GMT

Container volumes at US ports are set to see strong recovery in early 2010, says trade body.

Tug goes down

Eric Martin — Thu, 11 Feb 2010 21:28:23 GMT

Sinking of Kinder Morgan tug shuts the Houston Ship Channel as rescuers search for missing crewman.

Ship banned

Eric Martin — Thu, 11 Feb 2010 17:59:29 GMT

Thor Shipping source says company is innocent victim after Argentine authorities ban vessel for alleged Falklands shipment.

Staying stacked

Eric Martin — Thu, 11 Feb 2010 16:45:44 GMT

Hornbeck Offshore expects to continue to lay up 11 offshore supply vessels throughout 2010.

HOS misses mark

Eric Martin — Thu, 11 Feb 2010 15:43:06 GMT

Shares in US-based Hornbeck Offshore sink after the company issues a 2010 profit outlook below analyst forecasts.

Let us prosecute

Eric Martin — Wed, 10 Feb 2010 22:11:03 GMT

Committee of unsecured creditors, including two shipowners, asks judge for authorisation to pursue fiduciary duty claims against Bender Shipbuilding execs.

Safe is 'solid'

Eric Martin — Wed, 10 Feb 2010 18:06:31 GMT

Analyst says Safe Bulkers has minimal debt needs to finance its newbuilding commitments.