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Swiss score for Frontline

Tanker giant ties up three-year VLCC deal with Transcor Astra Group.
13:13 GMT, 02 Sep 2010
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Capex fears draw BLT cuts

Fitch follows S&P in cutting its ratings on Berlian Laju Tanker.

10:24 GMT, 02 Sep 2010
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Nanjing Tanker taps $750m war chest

Chinese tanker player on the fringe of inking $200m VLCC order as 'deep discounts' fuel fresh spending spree.

16:14 GMT, 01 Sep 2010
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GEMC finalises tanker targets

New Taiwanese tanker venture aims to capture six VLCCs and a products carrier for $700m.

07:54 GMT, 02 Sep 2010
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Banks back Ridgebury's IPO

Ridgebury Tankers ups the ante as UBS and Wells Fargo join Jefferies and Bob Burke on $341m road to Wall Street.

22:35 GMT, 01 Sep 2010
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Crew lost in Korea smash

Search on for crew of fishing vessel which sank after collision with small tanker off Korea.

13:46 GMT, 01 Sep 2010
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Fredriksen loses tanker belief

Norwegian tycoon John Fredriksen predicts pain in the pocket for shipowners over the next two to three years.

12:47 GMT, 01 Sep 2010
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Jo pens tanker pair in China

New Times Shipbuilding grabs order for two long-range 1 chemical carriers from Jo Tankers.

12:52 GMT, 31 Aug 2010

TradeWinds | Shipping IndexUS markets are now open

Last 24 hours

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3 unchanged

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Chartering | Tankers
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Three suezmaxes booked for five points less into Europe in slack market.

VLCC:

even

Suezmax:

down

Aframax:

even

13:34 GMT, 02 September 2010

Better demand in Persian Gulf does nothing to lift depressed rates on Wednesday.

VLCC:

even

Suezmax:

even

Aframax:

down

14:12 GMT, 01 September 2010

CPC of Taiwan has fixed two older VLCCs for Worldscale 10 less than modern counterparts.

VLCC:

even

Suezmax:

even

Aframax:

even

13:42 GMT, 31 August 2010
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Arrests ‘unlikely’ in Flandre smash

Crew of Euronav VLCC await Chinese investigators after collision in “moderate” weather conditions.

14:42 GMT, 31 Aug 2010
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Latvian passes lowest point

Historically bad products tanker market clobbers Riga owner in first half, but it sees reasons to be cheerful.

14:30 GMT, 31 Aug 2010
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Six missing in VLCC smash

Search on for crew of Chinese ship which sank after collision with Euronav tanker Flandre off Zhejiang.

10:27 GMT, 31 Aug 2010
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Saga Tankers ready to swoop

Arne Blystad-led tanker owner is looking to buy as soon as equity and S&P windows align.

12:02 GMT, 31 Aug 2010
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Tokyo Gas buys into SRVs

Tokyo Gas takes minority stake in two LNG regasification ships operated by MOL and Hoegh LNG.

08:50 GMT, 31 Aug 2010
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Wartsila in LNG switch

Finnish engine builder set to convert propulsion system on Swedish product tanker to LNG.

07:29 GMT, 31 Aug 2010
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Navios nets VLCC cash

New York-listed Navios Maritime Acquisition secured funds to see through seven-tanker swoop.

08:01 GMT, 31 Aug 2010
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Saga toasts ‘healthy’ market

Arne Blystad-led VLCC owner has “sound average rates” to thank for small quarterly profit.

07:27 GMT, 30 Aug 2010

China has ‘next Big John’

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Pertamina to spend $600m

Indonesian owner eyeing 18-ship tanker splurge as it readies massive war chest, report claims.

09:23 GMT, 30 Aug 2010
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Costs hurt Global Carriers in Q2

Malaysian tanker owner adds tonnage but extra operating expenses and a dry-docking widen loss.

08:37 GMT, 30 Aug 2010
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Brightoil confirms big VLCC deal

Chinese petroleum group presses ahead with $537m South Korean tanker order.

12:41 GMT, 30 Aug 2010
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‘Unviable’ MMM slumps to loss

Troubled Malaysian Merchant Marine “pessimistic” about finding solution as first quarter turns red.

12:05 GMT, 30 Aug 2010
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Jensen: ‘Contango will return’

Demand for VLCC storage contracts is picking up, which will help a market in which it’s best to let your crew go fishing right now, Frontline chief says.

15:49 GMT, 27 Aug 2010
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Conrad seals LPG barge deals

Shares in OTC-listed shipbuilder soar 10% as backlog breaks $70m.

16:46 GMT, 27 Aug 2010
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Front dusts down its cheque book

Consolidation king John Fredriksen looks to be back on the acquisition trail with Frontline.

14:34 GMT, 27 Aug 2010
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ITC sees profit dip in Q2

Frontline spin-off's bottom line shrinks following ship sale and debt payments.

10:49 GMT, 27 Aug 2010
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Opec cutting crude shipments

Refinery maintenance season means slowdown for tanker cargoes to middle of September.

08:14 GMT, 27 Aug 2010
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Profits jump at Frontline

John Fredriksen-controlled tanker player sees income jump nearly three-fold on a year ago.

06:06 GMT, 27 Aug 2010
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Spot of bother at Golar Energy

Norwegian LNG player hurt in first half by over-tonnaged markets and higher costs.

09:05 GMT, 27 Aug 2010
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Angelo steps up at Intertanko

Deputy chief and former USCG man to take over from retiring Peter Swift at tanker owners' organisation.

08:43 GMT, 27 Aug 2010
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Expensive quarter for DHT

New York-listed shipowner posts Q2 loss as recruitment of new management team helps costs stack up.

12:41 GMT, 26 Aug 2010
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SFI in $100m supramax splurge

John Fredriksen-connected company lines up long-term charters for new units and reveals drop in profit.

13:29 GMT, 26 Aug 2010
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Camillo Eitzen saved by Bulk sale

Axel Eitzen-led gas and chemical ship owner returns to black after gain on disposal of Eitzen Bulk.

07:22 GMT, 26 Aug 2010
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Golar ups divi despite loss

Oslo and US-listed LNG player increases dividend to shareholders with promise of more to come.

07:47 GMT, 27 Aug 2010
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Daewoo confirms gas deal

Korean shipyard to pocket $320m for eight ethylene carriers ordered by new Singapore investment vehicle.

07:37 GMT, 27 Aug 2010
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Flex: ‘Samsung 4 safe, for now’

Oslo-listed LNG vessel owner says Korean yard not about to axe high-price newbuilding quartet.

08:57 GMT, 26 Aug 2010