RSS for TradeWinds.no, Scandinavia

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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!

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.

Fixtures fest

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

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.