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OceanFreight split
Greek owner proposes reverse stock split after facing Nasdaq delisting dilemma.
Texas tax fight
Gulf Coast player challenges US tax authorities over unfavourable designation of time charter income.
Falling back
VLCC momentum checked in Persian Gulf, West Africa very quiet and Med aframaxes stronger again.
Diesen departs
More upheaval at DHT Holdings as chief executive quits and Randee Day takes temporary charge.
Going low
Evangelos Marinakis’ new tanker IPO venture Crude Carriers prices at bottom of range, targeting $256.5m to buy three ships.
Red ink for Top
Write-down on two tankers pushes Evangelos Pistiolis-led shipowner to loss for fourth quarter.
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Bidding begins
Transpetro launches into the ethanol trade by inviting shipyards to compete for a 100 vessel order.
US markets are now open
Chartering | Tankers
free news
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VLCC momentum checked in Persian Gulf, West Africa very quiet and Med aframaxes stronger again. VLCC:
Suezmax:
Aframax:
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Good demand for end-March and early April dates lifts numbers for VLCCs in Persian Gulf. VLCC:
Suezmax:
Aframax:
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First April VLCC cargoes allow owners to push up Persian Gulf rates once more on Wednesday. VLCC:
Suezmax:
Aframax:
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China crude high
February’s crude imports into the People’s Republic reached the second highest level on record.
Divi view doubles
Analyst hikes dividend forecast for Frontline due to its high exposure to stronger spot market.
‘Wind no factor’
USCG hit out at reports “strong winds” and “poor visibility” could have cause Eagle Otome crash off Texas.
Capital crew die
Food poisoning suspected in deaths of three seafarers on Evangelos Marinakis-led Capital tanker Arionas.
Torm tanks
Danish giant sinks into the red and warns of possible large loss in 2010 as dividends axed.
Dim view
Ratings agency Moody’s changes Sovcomflot’s outlook to negative after trying times in tanker markets.
Blown off course?
High winds and poor visibility may have led to Texas smash and oil spill involving AET’s Eagle Otome.
Morten minted
Overseas Shipholding Group, led by Morten Arntzen, drags in nearly $160m from a share issue.
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Majority minded
Shashi and Ravi Ruia to keep control of Essar Shipping even if part of shareholding stake is sold.
Order frenzy
Samsung Heavy announces deals to build nine tankers, an offshore facility and floating LNG platform.
Aframax action
Brazilian oil giant Petrobras is ready to ink a time charter deal for a tanker tender lasting three years, brokers say.
Vitol tears veil
Oil trader gets green light to pursue wider ownership interests of Greek Kalogiratos family.
Norden eyes buys
Carsten Mortensen-led Dane mulls MR tanker buys as profit slides almost $500m on sales slump.
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Essar for sale?
Indian shipowner tight lipped on reports that a large stake may be divested to augment London listing.
Twelve rescued
Bangladeshi and Indian crew picked up by FAL Shipping tanker off UAE after bitumen carrier sinks.
Gas giveaway
Golar LNG confirms hand-out of 9.7m shares in Golar LNG Energy as dividend – equivalent to 4% of company.
Crude feud
NATS’ Herbjorn Hansson cries foul over “negative” campaign by Evangelos Marinakis’ Crude Carriers on IPO roadshow.
Delisting dilemma
Greek shipowner OceanFreight must push up its share price or wave goodbye to its Nasdaq listing.
Stena takes four
Ulf Ryder’s Stena Bulk swells Samsung Heavy Industries orderbook to six after exercising suezmax options.
Odfjell confirms
Norwegian owner says tanker Odfjell Fighter heading for Indian breakers at near book value.
Mipo order altered
Mystery European owner switches order for chemical duo into bulker trio at Hyundai Mipo Dockyard.
Fighter scrapped
Norwegian chemical tanker owner Odfjell sends another elderly vessel to the breakers’ beaches, brokers say.
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KOTC tanker plan
Kuwait shipowner looking to order aframaxes in Korea, as single-hulled VLCCs go on the block.
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