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Green Reefers hits an iceberg (Sun, 20 May 2012 13:11:42 GMT)

Struggling Norwegian owner to wind up operations as it feels the chill of chronically troubled reefer business.

Shipbroking legend dies at 83 (Sun, 20 May 2012 11:28:48 GMT)

Industry remembers top tanker chartering and S&P specialist Peter F Bassoe who built a broking powerhouse.

Sanko under siege (Sat, 19 May 2012 01:02:21 GMT)

Tokyo shipping clan loses ground in fight to defend assets from arrest as John Fredriksen-backed owner joins claimant queue.

BLT targets renegade creditor (Fri, 18 May 2012 20:14:53 GMT)

Emotions run high on the heels of Texas tanker seizure as reignited $55m charter battle escalates.

Navios unit dodges bareboat bullet (Fri, 18 May 2012 00:30:39 GMT)

Navios South American Logistics avoids $30m product tanker raid by locking duo up for another four years.

Frangou scans S&P scene (Thu, 17 May 2012 22:50:54 GMT)

Unsettling trends in sale-and-purchase environment on exec’s radar as Navios Holdings prepares for prudent expansion push.

D’Amico joins 'eco' order race (Thu, 17 May 2012 18:21:15 GMT)

Cesare d’Amico says design is a game-changer as banks flock to finance $267m worth of dry newbuilds inked at Chinese yard.

Kentucky kicker (Thu, 17 May 2012 17:28:35 GMT)

Dry researcher raises concerns about declining US coal production as NewLead Holdings gets cooking in the ‘Bluegrass’ state.

TOO takes flight (Thu, 17 May 2012 14:55:24 GMT)

Teekay Offshore ready to ride the acquisition train while dishing out dividends following quarterly gain as liquidity tops $436m.

Regulation fuels reality check (Wed, 16 May 2012 20:01:12 GMT)

Clarkson analyst says Indonesia’s efforts to curb mineral exports will hurt but may buoy bulker market in the long-term.

Sanko stuck in limbo (Wed, 16 May 2012 17:48:12 GMT)

Seized bulker still in custody after Cobelfret helps troubled Japanese operator clear first hurdle in race to lift arrest.

Business as usual? (Wed, 16 May 2012 16:18:59 GMT)

Dockwise’s takeover target keeps its cool despite unwelcomed advances as it locks in juicy deal with John Fredriksen's Seadrill.

Pacific-Gulf in the hot seat (Wed, 16 May 2012 15:20:54 GMT)

Lebanese shipper races to seize US-flagged heavylift vessel following damage to gas turbine destined for Iraq.

Fairstar chokes on poison pill (Wed, 16 May 2012 08:35:14 GMT)

Oslo-listed owner bats away “low ball” takeover bid and gives Dockwise a dressing down.

Box exit burns MISC again (Wed, 16 May 2012 07:55:17 GMT)

Departure from container shipping arena drags Malaysian owner deeper into the red in the first quarter.

NewLead bets on bluegrass (Wed, 16 May 2012 00:28:37 GMT)

US-listed owner lines up surprise Kentucky thermal coal venture as massive debt load and losses prompt strategy shift.

Allied ices talk of Achilles heel (Tue, 15 May 2012 22:14:59 GMT)

Embattled Greek bulker clan's legal eagle says dry downturn wasn’t the root cause of crippling cash squeeze.

Allied lunges for lifeline (Tue, 15 May 2012 17:38:03 GMT)

Dimitris Marinis-backed operator says cash infusion will be the key to avoiding insolvency and restoring tarnished reputation.

WesternGeco sheds OSV (Tue, 15 May 2012 14:45:05 GMT)

Schlumberger’s seismic division sells vintage offshore-support vessel in a transaction backed by mystery buyers.

Farstad better in the first (Tue, 15 May 2012 14:41:27 GMT)

Norwegian offshore owner puts up improved quarterly figures despite sales losses.

Platou boost for Golar (Tue, 15 May 2012 13:39:11 GMT)

Falling share price draws an upgrade from analysts at Norwegian finance house.

DVB takes a dip in the first (Tue, 15 May 2012 11:53:03 GMT)

Wolfgang Driese-led bank sees its first quarter numbers take a backward step in a difficult market.

Carsten takes stock (Tue, 15 May 2012 11:08:32 GMT)

Norden CEO buys up $170,000 worth of shares in the shipowner as he talks tactics on expansion and recruitment.

Deeper red for STX PO (Tue, 15 May 2012 09:34:02 GMT)

South Korean owner sees first quarter deficit double following slump in major markets.

STX PO pens $80m order (Tue, 15 May 2012 08:58:13 GMT)

South Korean shipowner looks to spread its wings further in the heavy-lift sector.

Norden red but ahead in Q1 (Tue, 15 May 2012 07:58:10 GMT)

Danish owner sees bottom line change colour thanks to a huge impairment, but its adjusted figures beat forecasts.

Arbitration avalanche (Mon, 14 May 2012 21:42:34 GMT)

Globus Maritime’s first-quarter financials overshadowed by $2.5m in unsettled claims against Transgrain and Allied Maritime.

Titan nears tipping point (Mon, 14 May 2012 20:08:30 GMT)

Cash-strapped owner in dire straits as it sheds ageing product tankers while Grand China drama continues unresolved.

Cockett’s coup (Mon, 14 May 2012 18:34:01 GMT)

Overseas expansion looks increasingly likely as Connecticut-based bunker veteran storms Grindrod oil unit’s top ranks.

Analysts line Capital catwalk (Mon, 14 May 2012 16:49:06 GMT)

Terms of nine-digit fundraising exercise met by mixed reviews on Wall Street but most agree payout preservation is positive.

Jam-packed (Mon, 14 May 2012 14:59:44 GMT)

KS Maritime continues to clean house while scrap heaps overflow on the heels of demolition avalanche.

GSL off to steady start (Mon, 14 May 2012 14:09:40 GMT)

New York-quoted containership owner sees hope on the horizon following profitable quarter and freight rate increase.

Shot clock keeps ticking (Fri, 11 May 2012 20:32:15 GMT)

Struggling Danish owner sees light at the end of the tunnel as it begins “final documentation” of long-awaited financial overhaul.

DB blasts EGLE pay plan (Fri, 11 May 2012 19:32:16 GMT)

Chief executive’s paycheck thrust back into the spotlight despite cuts as insolvency concerns climb and earnings slip.

Fairstar fires back (Fri, 11 May 2012 17:53:42 GMT)

Takeover talks turn increasingly hostile as CEO warns Dockwise "the boys at Pareto" can't bully shareholders into submission.

Knightsbridge nightmare (Fri, 11 May 2012 16:09:42 GMT)

Leading equity analyst questions fate of John Fredriksen-backed owner’s dividend amid threats from 'problem charters'.

Uncertainty fuels cut at VLCCF (Fri, 11 May 2012 14:58:52 GMT)

Knightsbridge Tankers takes scissors to quarterly payout for the first time since 2008 as counterparty risk mounts.

Hanjin hurting in Q1 (Fri, 11 May 2012 10:05:08 GMT)

South Korean owner sinks beyond forecasts as it posts a loss in the opening three months of the year.

Koenig concedes defeat (Thu, 10 May 2012 20:50:45 GMT)

Tobias Koenig and Rudy Mack shed new light on collapse of failed US feeder service in a candid email to supporters.

Dynacom tanker hijacked (Thu, 10 May 2012 16:28:52 GMT)

Journey from Port Said ends prematurely as gun-toting assailants seize Greek suezmax Smyrni.

Bank owners welcomed (Thu, 10 May 2012 15:40:36 GMT)

Torm boss is happy to have lenders as shareholders as giant restructuring remains on track.

Black cloud plagues EGLE (Thu, 10 May 2012 15:39:20 GMT)

Shares of US-quoted bulker owner suffer double-digit drop as unresolved debt drama overshadows earnings beat.

Sanko breaks silence (Thu, 10 May 2012 14:22:30 GMT)

Distressed Japanese operator confirms bulker arrest in US but insists majority of shipowners support temporary pay freeze.

WW smashes Q1 bets (Thu, 10 May 2012 09:19:54 GMT)

Stellar shipping performance sees car carrier owner race past forecasts in the opening three months of the year.

Fuel bill burns Hapag-Lloyd (Thu, 10 May 2012 08:31:01 GMT)

Germany’s flagship carrier racks up first quarter loss and warns rate hikes will not block further reversals.

Red ink runs deeper at Torm (Thu, 10 May 2012 08:07:59 GMT)

Restructuring costs and loss-making sales hurt Danish owner in Q1 as the question about its future lingers.

Eagle springs split (Wed, 09 May 2012 21:23:02 GMT)

Sophocles Zoullas in the driver's seat as bulker owner attempts to resuscitate share price on the heels of quarterly deficit.

Solstad strikes (Wed, 09 May 2012 18:32:11 GMT)

Oslo-listed owner prepares to pounce on offshore unit after boosting bottom line in the first quarter.

Pierce poaches Partridge duo (Wed, 09 May 2012 16:56:20 GMT)

Boston, Massachusetts-based law firm expands admiralty line-up with recruits from Partridge Snow & Hahn.

Newbuilds on the barbie (Wed, 09 May 2012 15:50:57 GMT)

Safe Bulkers predicts painful price drop at leading shipyards as it mulls fresh investments in fuel-efficient tonnage.

GasLog wins two thumbs up (Wed, 09 May 2012 11:22:21 GMT)

Evercore and JP Morgan analysts like the look of shares in newly listed LNG firm.

Deeper red for NOL (Wed, 09 May 2012 10:31:16 GMT)

Singapore-listed container line burns cash for the fifth successive quarter as higher fuel prices and lower rates bite.

Tankers help Odfjell beat bets (Wed, 09 May 2012 09:21:33 GMT)

Jan Hammer-led owner puts up stronger than expected first quarter figures as chemical tanker spot market improves.

Costamare ahead in Q1 (Wed, 09 May 2012 08:36:32 GMT)

Constantinos Constantakopoulos-led firm tops Wall Street forecasts in the first three months of 2012.

Cosco shunned by Vale (Wed, 09 May 2012 07:57:40 GMT)

Brazilian miner is refusing to charter Cosco vessels as VLOC war takes another twist.

Safe eyes eco-bulkers (Tue, 08 May 2012 21:03:33 GMT)

US-listed bulker owner’s appetite for energy-efficient newbuildings undeterred by drop in first-quarter profit, president says.

Bocimar seals cape coup (Tue, 08 May 2012 16:57:14 GMT)

Belgian owner confirms acquisition of bulker resales originally ordered by Grand China in deal worth an estimated $73m.

NAT clings to hit list (Tue, 08 May 2012 16:05:41 GMT)

US-quoted owner still has what it takes to snap up suezmaxes and dish out dividend despite earnings miss, analyst says.

NNA defies Street prophecy (Tue, 08 May 2012 15:04:16 GMT)

Red ink stains Angeliki Frangou-backed tanker owner in the first but results are still above key market indicator.

Jinhui faces profit slump (Tue, 08 May 2012 08:55:11 GMT)

Oslo-listed bulker owner braces investors for a significant decline in its first quarter bottom line.

Slump beats Braemar profit (Tue, 08 May 2012 08:26:20 GMT)

Alan Marsh-led shipbroker sees its full-year numbers dragged down by weak markets and a falling orderbook.

Investors eye seismic exit (Mon, 07 May 2012 18:25:25 GMT)

Oslo-listed offshore syndicate launches offer to reel in remaining shares of 3D affiliate Armada Seismic.

Pool party (Mon, 07 May 2012 17:33:45 GMT)

Details remain scarce as Nordic American and Frontline-backed suezmax venture pen Atlantic Basin pact with US oil giant.

Excel sets sights on ATM (Mon, 07 May 2012 15:34:57 GMT)

Dry downturn and at-the-market stock offerings may threaten US-listed bulker owner’s share price, Wells Fargo warns.

Street scans GLNG tea leaves (Mon, 07 May 2012 14:32:33 GMT)

Now is the time to grab shares of Golar as sale of FSRU to Times Square-quoted compatriot may be imminent, analyst says.

DSX quest continues (Thu, 03 May 2012 20:41:12 GMT)

CEO says Diana Shipping is ready to tap cash reserves following profitable first quarter as it prepares to pounce on bulkers

Genmar nears final chapter (Thu, 03 May 2012 18:59:43 GMT)

Judge prepares to unshackle Peter Georgiopoulos-led owner from chains of Chapter 11 as it lines up sale of ageing tanker.

Deiulemar Compagnia bust (Thu, 03 May 2012 18:10:23 GMT)

Ailing Italian operator declared bankrupt after losing intense battle to relieve pressure linked to $1.12bn debt load.

Navios closes in on war chest (Thu, 03 May 2012 16:38:39 GMT)

JP Morgan says owner will have the fuel to fund raid on five capes or eight panamaxes when dust settles on $70m offering.

Courage exits cape arena (Thu, 03 May 2012 15:33:54 GMT)

Asian bulker owner says cash from demolition deal will aid future campaign to add tonnage to dwindling dry arsenal.

Aeolos in supreme court win (Thu, 03 May 2012 09:30:24 GMT)

Judges find in favour of owner of Greek VLCC overturning charter ruling for Petrobras.

Navios prepares to strike (Wed, 02 May 2012 21:52:30 GMT)

Navios Maritime Partners makes good on a promise to pursue dry acquisitions as it prepares to hatch $75m fundraiser.

FR8 tanker strikes rig (Wed, 02 May 2012 20:57:24 GMT)

Singaporean products carrier with ties to Torm suffers flooding after crashing into jack-up in the US Gulf.

Diana defrosts cheque book (Wed, 02 May 2012 19:10:29 GMT)

Top brass at boxship owner sheds light on fleet expansion, fuel efficiency and the ‘sweet spot’ in today’s cycle.

‘The Scream’ sets sail (Wed, 02 May 2012 16:39:15 GMT)

Brother of Norwegian shipping magnate Fred Olsen tosses iconic Munch painting on the auction block in New York.

DCIX lifts payout (Wed, 02 May 2012 14:34:04 GMT)

Simeon Palios says another dividend hike may be on the horizon as beefed up box arsenal boosts bottom line.

Counterparty in the crosshairs (Tue, 01 May 2012 22:15:18 GMT)

Jiangsu Zhongyuan Electric Power Fuel pleads ignorance amid accusations of dry default and unpaid arbitration award.

MDR clinches BG pledge (Tue, 01 May 2012 19:28:50 GMT)

New York-listed offshore contractor poised to cash in on engineering and transport deal tied to Caribbean gas platforms.

Total offshoot chugs MR tonic (Tue, 01 May 2012 17:25:08 GMT)

Rates sail south week-on-week as market digests talk of freshly minted fixtures involving CSSA, Maersk and D'Amico.

ADM upbeat despite dip (Tue, 01 May 2012 15:57:01 GMT)

Sluggish ethanol market and lower grain exports overshadow gains at US commodities syndicate’s transport unit.

Red ink on the horizon (Tue, 01 May 2012 14:23:46 GMT)

Nasdaq-quoted bulker owner readies red pen in anticipation of $88m loss.

NewLead sounds the alarm (Tue, 01 May 2012 11:25:52 GMT)

Michael Zolotas and Nick Fistes backed owner raises substantial doubts about its future amid hefty full-year loss.

Arctic runs GNK health check (Tue, 01 May 2012 10:26:07 GMT)

New York-listed bulker owner may run out of cash next year unless banks help or the market turns, analyst says.

Eagle Bulk wins more time (Tue, 01 May 2012 09:44:01 GMT)

Sophocles Zoullas-led owner handed an additional month to solve $1bn debt dilemma.

Aase predicts profit spike (Tue, 01 May 2012 08:54:44 GMT)

Dof chief foresees significant boost in bottom line in the years ahead after bagging a pay rise in 2011.

Broker voices MR caution (Tue, 01 May 2012 08:15:12 GMT)

Disproportionate ordering and clearer demand picture means market prospects may not be as bright as some hoped, ICAP says.

Norborg quits Norden post (Mon, 30 Apr 2012 15:31:13 GMT)

Dry-cargo chief departs Danish owner to take up a leading role at Gearbulk UK.

Nielsen suspended (Mon, 30 Apr 2012 10:36:54 GMT)

UPDATED: BP chartering chief denies wrongdoing amid reports he has been placed on leave as oil major investigates his potential involvement in bribery claims.

Odfjell in scrap pact (Mon, 30 Apr 2012 09:21:11 GMT)

Oslo-listed owner collects over $6m from the disposal of a tanker.

Star slips below zero (Mon, 30 Apr 2012 08:33:47 GMT)

Oslo-listed owner falls fractionally into the red in Q1 following peak-season no-show.

Big John orders again (Mon, 30 Apr 2012 07:58:14 GMT)

Seadrill places its second contract with Samsung in three months and continues to talk of more newbuilds in the pipeline.

NYK to lead big three (Fri, 27 Apr 2012 15:12:23 GMT)

Macquarie Capital tips MOL and K Line to lag behind as NYK’s car carriers come to the party.

Samskip snaps up a brace (Fri, 27 Apr 2012 13:54:46 GMT)

Icelandic owner takes on a couple of small vessels having bagged a loan from German banks.

K Line adds to red tide (Fri, 27 Apr 2012 11:03:20 GMT)

Tokyo-listed owner joins compatriots MOL and NYK in posting a full-year loss.

Carras Hellas in charter win (Fri, 27 Apr 2012 10:28:27 GMT)

Arbitration overturned as Greek owner secures key ruling over Shagang repudiation of five year capesize charterparty.

Samsung strong in Q1 (Fri, 27 Apr 2012 08:23:20 GMT)

South Korean shipbuilder’s profit tops forecasts in the opening three months of 2012.

China Cosco losses amplify (Thu, 26 Apr 2012 14:11:53 GMT)

Chinese shipping titan sheds over $400m in the first quarter dominated by bulker and boxship blues.

Newbuildings top wish list (Thu, 26 Apr 2012 13:21:02 GMT)

D’Amico chief Marco Fiori says fresh orders await once he is sure the corner has been turned.

D’Amico remains in the red (Thu, 26 Apr 2012 11:57:08 GMT)

Milan-listed tanker owner cuts its first quarter deficit in what it claims to be one of its best periods since 2009.

Maersk claims early success (Thu, 26 Apr 2012 10:49:00 GMT)

World’s leading container line says its Daily Maersk initiative is delivering on reliability and emissions reduction.

Mermaid wins long-term deal (Thu, 26 Apr 2012 10:05:42 GMT)

TTA offshore spin-off pans two-year charter off Qatar as part of wider $14m charter package.

Worst over for CSCL (Thu, 26 Apr 2012 09:41:49 GMT)

Analysts say Hong Kong-listed owner will soon turn the corner after two sticky quarters spent deep in the red.

Sasebo lowers its sights (Thu, 26 Apr 2012 09:16:43 GMT)

Japanese shipyard braces investors for a smaller profit in the year to the end of March.

Vale ups piracy fight (Wed, 25 Apr 2012 14:56:24 GMT)

Miner says it will fit citadels to the giant bulkers it still has on the production line.

Fuel bill bites Samudera (Wed, 25 Apr 2012 14:12:05 GMT)

Hefty rise in bunkers wipes out higher revenue and pushes shipowner into the red.

Cosco Pacific takes a dip (Wed, 25 Apr 2012 10:54:51 GMT)

Hong Kong-listed port operator sees its first quarter profit decline by almost 30%.

CSCL burns more cash (Wed, 25 Apr 2012 10:28:38 GMT)

Hong Kong-listed containership owner sees first quarter bottom line drop more than 800% further into the red.

No storage spur for spot rate (Wed, 25 Apr 2012 09:23:01 GMT)

Use of half of NITC’s tankers on storage contracts may boost stocks but not earnings, RS Platou Markets says.

OSV prices continue to climb (Wed, 25 Apr 2012 08:48:46 GMT)

Both newbuildings and second hand OSVs saw their values increase in the first quarter, Clarksons says.

Seacor profit shoots up (Wed, 25 Apr 2012 08:06:04 GMT)

New York-listed owner sees addition of wind farm vessels spur its first quarter bottom line.

Oversupply ‘unavoidable’ (Tue, 24 Apr 2012 15:24:46 GMT)

Wells Fargo says too much tonnage will remain an issue in dry-bulk for the foreseeable future as it predicts several restructurings.

Sanctions spark storage rush (Tue, 24 Apr 2012 13:55:47 GMT)

Over half of NITC’s fleet on storage duty as Iran struggles to sell its oil, report says.

BLT default burns FSL (Tue, 24 Apr 2012 12:22:14 GMT)

Philip Clausius-led trust slipped deeper into the red in Q1 after contracts with Indonesian owner were shredded.

Golden venture for Marco (Tue, 24 Apr 2012 11:12:07 GMT)

Singapore-listed company’s exploration into the bunker sector wins backing in the market.

Cecon closes on Davie deal (Tue, 24 Apr 2012 10:45:19 GMT)

Agreement with Canadian export agency paves the way for troubled shipbuilder to polish off three delayed newbuildings.

Boxships flood back to work (Tue, 24 Apr 2012 10:03:07 GMT)

Idle-capacity shrinks by one fifth in just a couple of weeks to help push active fleet to “a new record”.

OCBC cautious on Cosco (Tue, 24 Apr 2012 08:57:07 GMT)

Investment bank labels Singapore-listed owner and yard with a hold tag amid concerns over volatile earnings.

Broker tips tanker price tonic (Tue, 24 Apr 2012 08:51:40 GMT)

Charles R Weber paints an encouraging picture for the value of modern VLCCs.

Pirates free Marnavi tanker (Mon, 23 Apr 2012 15:18:20 GMT)

An Italian ship hijacked off Oman in December has been released, officials say.

Rem adds to Kleven tally (Mon, 23 Apr 2012 14:34:15 GMT)

Age Remoy-led offshore owner pens $95m subsea vessel at its favourite shipyard.

Marco Polo in bunker push (Mon, 23 Apr 2012 12:53:17 GMT)

Singapore-listed firm joins forces with Marine Tankers in a bid to tap another growth market.

Rickmers profit dips (Mon, 23 Apr 2012 12:18:24 GMT)

Singapore-listed trust happy with positive start to 2012 despite its bottom line slipping by over a tenth.

Evercore sees ORIG value (Mon, 23 Apr 2012 11:01:34 GMT)

George Economou’s drilling venture tipped for profit rise and share spike when magnate dilutes holding.

Villy loses grip on Torm (Mon, 23 Apr 2012 10:19:33 GMT)

Greek magnate to leave the board as his majority stake is sliced to a minimal level by restructuring effort.

Twin trouble on tanker front (Mon, 23 Apr 2012 09:22:38 GMT)

Newbuilding arrivals accelerate in first quarter as double-hull demolition lags forecasts, RS Platou Markets says.

TTA faces investment probe (Mon, 23 Apr 2012 08:11:23 GMT)

Thai shipowner defends conduct of executives during its purchase of shares in coal importer.

Titan wins Concordia salvage (Sun, 22 Apr 2012 22:56:51 GMT)

Crowley Maritime ‘upstart’ set to collaborate with offshore constructor Microperi on huge project to refloat tragic cruiseship.