RSS for TradeWinds.no, Europe

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.

Injury off UK

Eoin O'Cinneide — Thu, 11 Mar 2010 11:21:11 GMT

Crew member rushed to hospital with head injuries after incident on offshore vessel off Scotland.

Virus strikes

Eoin O'Cinneide — Thu, 11 Mar 2010 10:21:13 GMT

Passengers onboard Fred Olsen cruiseship Boudicca confined to cabins on Mediterranean trip.

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.

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.

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.

Glencore suffers

Dale Wainwright — Wed, 10 Mar 2010 08:23:48 GMT

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

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.

Two tied up

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

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

Norden eyes buys

Eoin O'Cinneide — Tue, 09 Mar 2010 09:47:59 GMT

Carsten Mortensen-led Dane mulls MR tanker buys as profit slides almost $500m on sales slump.

COA spat settled

Eoin O'Cinneide — Tue, 09 Mar 2010 08:50:42 GMT

Norden walks away with $23m and two-year contract after settling out of court with Russian-backed RTI.

Globus goes lower

Dale Wainwright — Tue, 09 Mar 2010 07:53:11 GMT

Weaker revenues, due to fewer ships, push George Karageorgiou-led bulker owner to $1.2m loss.

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.

Jensen Jr steps up

Andy Pierce — Mon, 08 Mar 2010 16:51:21 GMT

Clipper Bulk boss Frank takes over from his father Torben as chairman and CEO of Danish shipping group.

Stena takes four

Andy Pierce — Mon, 08 Mar 2010 15:51:14 GMT

Ulf Ryder’s Stena Bulk swells Samsung Heavy Industries orderbook to six after exercising suezmax options.

Konig eyes Islamic

Eoin O'Cinneide — Mon, 08 Mar 2010 15:31:41 GMT

Middle East market targeted as Tobias Konig-led KG player Konig & Cie sets up Sharia-compliant fund.

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.

Glory moves again

Eoin O'Cinneide — Mon, 08 Mar 2010 14:57:04 GMT

Mystery surrounds Somali pirates’ shift of seized Zodiac ship Asian Glory for third time this year.

Buying dry

Andy Pierce — Mon, 08 Mar 2010 14:05:29 GMT

Bulker sales stay strong amid expectation prices will not be dropping in the near term, broker says.

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.

Forth shares soar

Jim Mulrenan — Mon, 08 Mar 2010 11:37:01 GMT

Value of Scottish ports group rises to almost $1bn on takeover approach.

Odfjell confirms

Eoin O'Cinneide — Mon, 08 Mar 2010 11:28:32 GMT

Norwegian owner says tanker Odfjell Fighter heading for Indian breakers at near book value.

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.

Moorhouse quits

Julian Bray — Mon, 08 Mar 2010 10:35:20 GMT

David Moorhouse is to stand down as chairman of Lloyd’s Register after a decade at the head of UK classification society.

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.

Float fillout

Andy Pierce — Mon, 08 Mar 2010 09:04:21 GMT

NorSkan’s fleet will double to 30 or more ships ahead of Brazilian IPO, Dof CEO Mons Aase says.

Osprey free

Eoin O'Cinneide — Mon, 08 Mar 2010 08:25:43 GMT

Eitzen tanker Sichem Osprey heads to Mexico after re-float off remote Pacific island.

Havyard Sino first

Dale Wainwright — Mon, 08 Mar 2010 05:52:17 GMT

Norwegian offshore shipbuilding and design group wins first contract from Chinese principal.

Fighter scrapped

Dale Wainwright — Mon, 08 Mar 2010 04:01:22 GMT

Norwegian chemical tanker owner Odfjell sends another elderly vessel to the breakers’ beaches, brokers say.

Repair race

Jim Mulrenan — Sun, 07 Mar 2010 23:31:52 GMT

Fincantieri faces tight timetable to return damaged Costa Europa to service ahead of ten year bareboat charter to TUI offshoot.

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.

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.

Swiss spend

Andy Pierce — Fri, 05 Mar 2010 17:08:26 GMT

UBS tops up holding in Kristian Siem’s Subsea 7 with $32m swoop.

Fortress fixed

Andy Pierce — Fri, 05 Mar 2010 15:13:53 GMT

Njal Saevik’s Havila Shipping lands term deal for large PSV in the North Sea.

Tax toast

Andy Pierce — Fri, 05 Mar 2010 14:02:22 GMT

Solvang posts larger profit for 2009 following reversal of Norwegian tax law.

Pirates nabbed

Eoin O'Cinneide — Fri, 05 Mar 2010 12:08:10 GMT

Spate of attacks on vessels in Somali Basin leads to arrest of 11 suspected pirates by French Navy.

Ice block in Baltic

Eoin O'Cinneide — Fri, 05 Mar 2010 09:53:45 GMT

Rescuers struggle to cope as worst sea ice in 15 years strands dozens of ships off Sweden.

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.

Excel fixes four

Dale Wainwright — Fri, 05 Mar 2010 01:28:22 GMT

Gabriel Panayotides-led bulker owner ties up panamax quintet for just over one year each.

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.

Black ink not buys

Andy Pierce — Thu, 04 Mar 2010 10:42:29 GMT

Nils Andersen says AP Moller-Maersk has placed a 2010 profit ahead of distressed buys on its priority list.

Smit stagnant

Dale Wainwright — Thu, 04 Mar 2010 07:40:19 GMT

Dutch tug and salvage company sees profits largely unchanged from a year ago as revenue falls.

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!

Freak waves kill 2

Eoin O'Cinneide — Wed, 03 Mar 2010 18:47:40 GMT

Passengers dead and injured after Louis Cruises vessel lashed by huge waves in Mediterranean.

Cheaper, later

Andy Pierce — Wed, 03 Mar 2010 16:46:23 GMT

d’Amico International cuts $10m from price of MR pair at Hyundai Mipo as ships are delayed and size increased.

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.

Greek ship evades

Eoin O'Cinneide — Wed, 03 Mar 2010 11:43:12 GMT

Lotus Shipping tanker comes under attack by pirates in same area where Greek bulker hit a week ago.

Fixtures fest

Andy Pierce — Wed, 03 Mar 2010 09:32:31 GMT

Norway’s Farstad Shipping inks fresh charters and extensions worth over $100m.

Lomar ship held

Eoin O'Cinneide — Tue, 02 Mar 2010 16:15:19 GMT

Claim of ‘off-spec’ cargo leads to arrest of UK-owned products tanker in Tanzanian port.

‘Prison’ ship SOS

Eoin O'Cinneide — Tue, 02 Mar 2010 15:07:46 GMT

Greek owner slammed by ‘abandoned’ crew of bulker set for auction over wage dispute amid ‘inhumane conditions’.

Dragnis eyes buys

Eoin O'Cinneide — Tue, 02 Mar 2010 12:24:41 GMT

Four new arrivals possible this year, says Goldenport’s John Dragnis who denies second SPP bulker order.

Golden loses shine

Eoin O'Cinneide — Tue, 02 Mar 2010 09:11:16 GMT

Paris Dragnis-led Goldenport Holdings sinks to loss on cancellation costs and waning revenues.

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.

Mercator buys

Dale Wainwright — Tue, 02 Mar 2010 06:22:32 GMT

Indian shipowner’s Singapore arm acquires panamax bulker, but Paragon denies it is the Pearl Seas.

Zodiac eyes five

Dale Wainwright — Tue, 02 Mar 2010 05:12:43 GMT

Ofer group arm said to have acquired five NYK 6,000-teu containerships for under $100m.

Pirate ship zapped

Eoin O'Cinneide — Mon, 01 Mar 2010 16:36:49 GMT

Hijackings averted after NATO scuttles weapons-laden boat off Somalia, no word on fate of suspects.

Aponte's back

Andy Pierce — Mon, 01 Mar 2010 15:10:07 GMT

Gianluigi Aponte's MSC Cruise pens newbuilding at STX Europe, its ninth order at the shipyard.

Scrap too slow

Andy Pierce — Mon, 01 Mar 2010 11:33:58 GMT

Demolition of single-hull tankers lagging way behind rate required to clear the fleet in 2010, Stopford says.

Eidesvik dented

Andy Pierce — Mon, 01 Mar 2010 10:53:51 GMT

Jan Fredrik Meling-led offshore shipowner sees operating profit hurt by weak markets in the North Sea and West Africa.

Tax to thank

Andy Pierce — Mon, 01 Mar 2010 10:00:53 GMT

Solstad Offshore saved from fourth quarter red ink by $52m payback from the Norwegian taxman.

Rieber to delist

Andy Pierce — Mon, 01 Mar 2010 09:00:07 GMT

Sven Rong’s GC Rieber Shipping to leave the Oslo Bors amid plans to merge with its Bergen-based parent.

Greek ship free

Eoin O'Cinneide — Mon, 01 Mar 2010 08:14:16 GMT

Ransom paid to secure release of bulker Navios Apollon and 19 crew from Somali pirates.

Tove chartered

Dale Wainwright — Mon, 01 Mar 2010 07:51:13 GMT

Knutsen OAS shuttle tanker set for potential three-year fixture for work off the Philippines.

Polembros scraps

Dale Wainwright — Mon, 01 Mar 2010 06:40:08 GMT

Panamax bulker wins top rate from Bangladeshi breakers, says US cash broker GMS.

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.

Eidsiva posts loss

Eric Martin — Fri, 26 Feb 2010 20:11:54 GMT

Oslo-listed car carrier and ro-ro owner posts wider NOK 61.8m loss as impairment charges combine with the bite of charter rate cuts.

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.

Surprise rise

Andy Pierce — Fri, 26 Feb 2010 16:25:32 GMT

Analysts mystified by Jinhui share rally amid talk bonus payments led it to miss fourth quarter forecasts.

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.

Big John’s pay day

Andy Pierce — Fri, 26 Feb 2010 13:03:51 GMT

Norwegian shipowner John Fredriksen will collect over $250m in dividend payments with the help of Frontline’s bumper payout.

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.

Golar LNG rises

Eoin O'Cinneide — Fri, 26 Feb 2010 09:22:18 GMT

John Fredriksen company "considering strategic opportunities" as better financials boost bottom line.

Seadrill stronger

Dale Wainwright — Fri, 26 Feb 2010 09:02:04 GMT

Fredriksen-controlled offshore driller sees improved numbers in fourth quarter, raises dividend 10%

Green off colour

Eoin O'Cinneide — Fri, 26 Feb 2010 08:46:15 GMT

Slumping vessel values and lay-ups in weak banana markets send Green Reefers to larger loss.

Frontline lower

Dale Wainwright — Fri, 26 Feb 2010 07:59:55 GMT

John Fredriksen-controlled tanker giant sees fourth quarter profits drop on weaker tanker market.

Jinhui triples

Dale Wainwright — Fri, 26 Feb 2010 07:08:50 GMT

Ship sales plus lower costs help to boost fourth quarter profits at Oslo-listed bulker operator.

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.

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.

Dacha denial

Gary Dixon — Thu, 25 Feb 2010 11:49:45 GMT

Former Sovcomflot chief Dmitry Skarga tells court he had another way of pleasing his wife rather than doing dodgy property deal for family home.

Siem brighter

Andy Pierce — Thu, 25 Feb 2010 08:41:40 GMT

Kristian Siem-led shipowner tips improvement in the anchor handler market as it returns to profitability in the fourth quarter.

Double delay

Andy Pierce — Thu, 25 Feb 2010 08:41:04 GMT

Wilson says its newbuilding programmes at two Chinese yards have been held up by at least six months.

Deep Sea falls

Eoin O'Cinneide — Thu, 25 Feb 2010 08:37:23 GMT

John Fredriksen-related Deep Sea Supply’s profit slips on weaker North Sea spot market.

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.

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.

Loophole probed

Andy Pierce — Wed, 24 Feb 2010 17:17:15 GMT

Could a collection of signatures from Sovcomflot directors prevent it from claiming damages against Yuri Nikitin even if disputed deals proved unlawful?

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.

In the balance

Andy Pierce — Wed, 24 Feb 2010 09:15:47 GMT

Nexus Floating Production posts fourth quarter profit but its future remains in the hands of its bondholders.

Taxes save Rieber

Eoin O'Cinneide — Wed, 24 Feb 2010 08:55:27 GMT

Sven Rong-led offshore vessel owner stays in black due to large tax income on recent Supreme Court ruling.

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.

BWO SGX bound

Dale Wainwright — Wed, 24 Feb 2010 05:31:11 GMT

BW Offshore boss Carl Arnet says the FPSO specialist is set for a dual-listing in Singapore.

Jungerhans slows

Dale Wainwright — Wed, 24 Feb 2010 04:04:11 GMT

German shipowner is the latest to adopt slow steaming strategy; to retrofit vessels with Wartsila kit.

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.

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.

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.

Noren cautious

Andy Pierce — Tue, 23 Feb 2010 14:42:41 GMT

Substantial growth of the tanker fleet is a worry for Hans Noren-led Concordia as it posts weaker Q4 numbers.

Case law lashed

Eoin O'Cinneide — Tue, 23 Feb 2010 14:12:28 GMT

Criminal law rulings involving soldier massacre and theft from psychiatric patients shot down as defence in Sovcomflot trial.

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.

DOF about face

Dale Wainwright — Tue, 23 Feb 2010 09:07:59 GMT

Norwegian offshore vessel operator returns to the black in fourth quarter on fewer write downs.

BWO slips to loss

Dale Wainwright — Tue, 23 Feb 2010 07:19:40 GMT

BW Offshore slides back into the red in the fourth quarter on much lower revenue at APL arm.

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.

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.

BW ship sold

Aaron Kelley — Mon, 22 Feb 2010 18:56:32 GMT

An LPG carrier has been sold and will be used for floating storage according to a recent market report.

Eurotankers wins

Jim Mulrenan — Mon, 22 Feb 2010 18:17:36 GMT

Charterer’s claim that pollution certificate issues warranted repudiation of one year tanker charter is rejected by appeal court.

Norden sheds two

Andy Pierce — Mon, 22 Feb 2010 16:08:35 GMT

Danish owner is in for $25m windfall after selling trading cape and handymax newbuilding. Panamax charter cut.

Crime and penalty

Jim Mulrenan — Mon, 22 Feb 2010 14:51:23 GMT

Even if fraud by Yuri Nikitin, Dmitry Skarga and Tagir Izmaylov are crimes under Russian law, restitution may be another matter.

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.

PGS short

Andy Pierce — Mon, 22 Feb 2010 13:04:03 GMT

Seismic shipowner Petroleum Geo-Services sees operating profit miss forecasts in the fourth quarter.

Tsakos in JV

Eoin O'Cinneide — Mon, 22 Feb 2010 12:44:47 GMT

Listing in sight as joint venture between Tsakos and Columbia ShipManagement eyes Greek and German markets.

Bocimar pens cape

Eoin O'Cinneide — Mon, 22 Feb 2010 09:16:32 GMT

Hanjin Heavy claims Benoit Timmermans-led CMB bulker unit signs up for capesize at Philippines yard.

Odfjell owns up

Andy Pierce — Mon, 22 Feb 2010 09:11:09 GMT

Jan Hammer-led Odfjell confirms purchase of former Eletson Corp newbuilding at SLS.

Tough year

Dale Wainwright — Mon, 22 Feb 2010 09:01:46 GMT

Rederi AB Transatlantic slumps to a full-year and fourth quarter loss as volumes and rates plummet.

Fairstar in profit

Dale Wainwright — Mon, 22 Feb 2010 07:20:08 GMT

Heavy lift specialist returns to the black in the fourth quarter but expresses concern about overcapacity.

Odfjell buys

Dale Wainwright — Mon, 22 Feb 2010 03:40:11 GMT

Norwegian chemical tanker player linked to purchase of SLS 51,000-dwt MR tanker resale.

LME courts Baltic

Dale Wainwright — Mon, 22 Feb 2010 01:22:10 GMT

London Metal Exchange makes second approach to Baltic Exchange over FFA joint venture.

Web auction launch

Dale Wainwright — Sun, 21 Feb 2010 22:49:50 GMT

Take-off for new online auction tool for the shipping community.

Eidesvik happy

Andy Pierce — Fri, 19 Feb 2010 15:45:30 GMT

Green Reefers CEO Troil Eidesvik content with NOK 2m yield from subsequent offering despite many of the shares remaining unsold.

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.

Nothing fishy

Eoin O'Cinneide — Fri, 19 Feb 2010 13:24:47 GMT

Norwegian authorities let a Russian fish carrier off the hook after master interrogated.

Humpuss thaw

Jim Mulrenan — Fri, 19 Feb 2010 13:21:09 GMT

Setback for Spyros Polemis as freezing order against Humpass for charter hire defaults is cut by $15m.

Divi dashed

Andy Pierce — Fri, 19 Feb 2010 11:02:41 GMT

Stolt-Nielsen opts against full-year dividend pending evidence of a sustained market recovery.

Bonheur buoyant

Eoin O'Cinneide — Fri, 19 Feb 2010 09:53:12 GMT

Fred Olsen tanker, offshore and cruise owner posts higher profit despite slumping suezmax value.

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.

Belships better

Andy Pierce — Thu, 18 Feb 2010 16:20:49 GMT

Sverre Tidemand-led bulker owner returns to the black in the fourth quarter as it pockets $1m tax payback.

Lion leaves pride

Andy Pierce — Thu, 18 Feb 2010 15:19:34 GMT

Gregory Callimanopulos-led Toisa sells ageing PSV to Asian buyer, brokers say.

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.

Full disclosure?

Gary Dixon — Thu, 18 Feb 2010 14:15:39 GMT

Shipping trial focuses on what evidence Russian investigator handed over to Sovcomflot lawyer on Dmitry Skarga’s property dealings.

Seized ship moves

Eoin O'Cinneide — Thu, 18 Feb 2010 13:12:14 GMT

Pirates onboard hijacked Zodiac car carrier Asian Glory get another bout of wanderlust as it moves again.

Greek ship rescue

Eoin O'Cinneide — Thu, 18 Feb 2010 12:38:41 GMT

Filipino crewman undergoes surgery in Oman after rescue by Royal Navy from tanker in Gulf of Aden.

Eitzen still red

Eoin O'Cinneide — Thu, 18 Feb 2010 10:20:06 GMT

Losses cut at Terje Askvig-led Eitzen Chemical but weak chemical and clean petroleum markets lead to deficit.

Loss shrinks

Eoin O'Cinneide — Thu, 18 Feb 2010 09:10:54 GMT

Norway’s Hurtigruten manages to slash its losses through cost cuts but finance expenses still hurt.

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.

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.

DOF seismic sale

Eoin O'Cinneide — Wed, 17 Feb 2010 16:31:26 GMT

Oslo-listed owner sells Geo Challenger to charterer CGG Veritas but no price mentioned.

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.

FOE contract cut

Eoin O'Cinneide — Wed, 17 Feb 2010 09:12:59 GMT

BP charter renegotiation shaves $94m off contract value for Fred Olsen Energy which posts improved profit.

Maersk moves

Eoin O'Cinneide — Wed, 17 Feb 2010 08:41:47 GMT

Danish shipping stalwart Maersk McKinney Moller cedes chairmanship of Maersk Broker to daughter Ane.

Lamprell lifted

Dale Wainwright — Wed, 17 Feb 2010 02:49:17 GMT

Twin turbine installation ship order prompts upgrade for Middle East offshore yard group by Citi.

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.

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.

Still tricky

Andy Pierce — Tue, 16 Feb 2010 16:48:40 GMT

Age Remoy’s Rem predicts a challenging 2010 for offshore owners after turning in reduced fourth quarter profit.

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.

Tanker trouble

Eoin O'Cinneide — Tue, 16 Feb 2010 11:39:09 GMT

Drooping VLCC values lead to impairment charge at Prosafe Production but losses cut significantly.

Back in black

Dale Wainwright — Tue, 16 Feb 2010 09:05:45 GMT

Fred Olsen Production returns to profit in the fourth quarter after impairment charge blighted 2008.

Mokster in at STX

Dale Wainwright — Tue, 16 Feb 2010 07:24:49 GMT

Norwegian shipowner Simon Mokster Rederi orders rescue-capable PSV at STX Europe.

Technip Spain gig

Dale Wainwright — Tue, 16 Feb 2010 02:37:19 GMT

French offshore player wins deal for field development work on Repsol’s Casablanca platform.

Mission impossible

Jim Mulrenan — Mon, 15 Feb 2010 18:26:36 GMT

Sovcomflot faced huge problems in borrowing to replace Megaslot loans and for working capital court told.

Finance spat

Jim Mulrenan — Mon, 15 Feb 2010 14:36:02 GMT

Could Sovcomflot have raised funds from banks cheaper than through sale and leaseback deals with Yuri Nikitin?

Euronav sells

Andy Pierce — Mon, 15 Feb 2010 12:07:15 GMT

Euronext-listed tanker owner strikes near $60m deal to offload VLCC.

Songa just shy

Andy Pierce — Mon, 15 Feb 2010 09:40:17 GMT

Oslo-listed offshore player sees pre-tax profit fall just short of forecasts.

Eitzen Bulk lower

Dale Wainwright — Mon, 15 Feb 2010 07:00:21 GMT

Camillo Eitzen’s Copenhagen-listed bulker spin-off ends 2009 significantly down on a year ago.

One down

Andy Pierce — Fri, 12 Feb 2010 15:02:33 GMT

OOC cuts first of two PSV newbuildings at Bharati, with the other now on borrowed time.

Sale starts

Andy Pierce — Fri, 12 Feb 2010 14:06:04 GMT

Camillo Eitzen ready to cut Eitzen Bulk holding, but complete sale not ruled out.

BW loses TV row

Jim Mulrenan — Fri, 12 Feb 2010 14:01:29 GMT

Court rejects bareboat charterer’s claim that a $69m VLGC should have been supplied with a TV set and a DVD player

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.

Driven down

Eoin O'Cinneide — Fri, 12 Feb 2010 11:28:03 GMT

Norwegian car carrier owner Eidsiva Rederei suffers share price reverse after loss-making disposal.

Owners win

Eoin O'Cinneide — Fri, 12 Feb 2010 09:05:34 GMT

Norwegian Supreme Court quashes state's appeal to overturn controversial ruling on tax.

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.

Star loses shine

Eoin O'Cinneide — Thu, 11 Feb 2010 13:31:51 GMT

Bankruptcy of Russia’s Sunway Group and diving spot rates send Star Reefers to much reduced profit.

Golden rejigs

Dale Wainwright — Thu, 11 Feb 2010 09:27:19 GMT

Golden Ocean is taking cash up front and a lower charter rate to reduce “counterparty risk”.

Rem buys resale

Andy Pierce — Thu, 11 Feb 2010 08:36:55 GMT

Age Remoy-led offshore owner snaps up Greatship PSV newbuilding.

Golden again

Dale Wainwright — Thu, 11 Feb 2010 08:32:30 GMT

Oslo-listed bulker outfit sees fourth quarter profits up almost four-fold compared to a year ago.

Singapore bound

Dale Wainwright — Thu, 11 Feb 2010 07:50:16 GMT

John Fredriksen bulker outfit Golden Ocean set for secondary listing in the Lion Republic.

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.

Solvang cuts divi

Eoin O'Cinneide — Wed, 10 Feb 2010 16:31:08 GMT

Market uncertainty and “unsatisfactory” return from shipping activities leads Norwegian gasship owner to axe dividends.

Sevan sinks

Eoin O'Cinneide — Wed, 10 Feb 2010 09:48:29 GMT

Norwegian offshore owner posts larger full-year loss as foreign exchange reverse devours higher sales.

Bourbon lower

Dale Wainwright — Wed, 10 Feb 2010 08:26:19 GMT

French shipowner sees income slip by just over 10% on weaker performance at both bulkers and offshore.

Safe up on 2008

Dale Wainwright — Wed, 10 Feb 2010 06:00:24 GMT

Profits at Polys Hajioannou-led bulker owner almost double year-on-year due to lower derivatives losses.

Research tie-up

Dale Wainwright — Wed, 10 Feb 2010 02:40:48 GMT

Teekay and Det norske to carryout further development work on new shuttle tanker concept.

Ocean loan relief

Eric Martin — Tue, 09 Feb 2010 22:05:04 GMT

Cyprus-listed Ocean Tankers strike bank deal to "help the company face the shipping crisis."

Getting personal

Tue, 09 Feb 2010 19:21:35 GMT

Sovcomflot corruption trial told that Yuri Nikitin would fail the AP Moller chartering test.

Guns ready

Eric Martin — Tue, 09 Feb 2010 19:16:55 GMT

Analyst says John Fredriksen's Knightsbridge Tankers may look to use $120m shelf registration for vessel acquisitions.

Camden fixed

Eric Martin — Tue, 09 Feb 2010 17:42:50 GMT

After attempt to sell the ship, Knightsbridge Tankers takes VLCC out of the spot market for 30-month bareboat charter.

Trico sells AHTS

Andy Pierce — Tue, 09 Feb 2010 17:00:20 GMT

Joe Compofelice-led offshore owner offloads laid-up anchor handler, brokers say.

Out for a month

Eric Martin — Tue, 09 Feb 2010 16:51:40 GMT

Irish Ferries halts bookings on Oscar Wilde, which suffered a fire featured in this week's "Casualty file", for more than a month.

Options clash

Jim Mulrenan — Tue, 09 Feb 2010 14:35:22 GMT

Differences in the approach of Sovcomflot and AP Moller to chartering options highlighted at Russian corruption trial.

VLCCs lose out

Eoin O'Cinneide — Tue, 09 Feb 2010 13:23:21 GMT

Full-year profit dashed at John Fredriksen’s Knightsbridge Tankers as VLCC rates tumble.

January sales

Andy Pierce — Tue, 09 Feb 2010 12:57:01 GMT

Buyers rush to pick up tankers and boxships as bargain hunting sets S&P market alight.

CMB buys back

Andy Pierce — Tue, 09 Feb 2010 11:22:11 GMT

Marc Saverys-led shipowner splashes out $2m on its own stock.

Eight down

Andy Pierce — Tue, 09 Feb 2010 09:10:36 GMT

Italian owner pens $70m product tanker pair at STX to stretch the yard’s strong start to 2010.