Tradewinds feed
SCI mulls offshore sell off
Indian giant mulling over sale of offshore arm and eyes shipyards and terminal operations.
AHTS joy for Otto Marine
Singapore-listed shipbuilder finds taker for cancelled anchor handler and nets higher fee.
Ultrapetrol slides to loss
Growth is still in the cards for diversified South American owner despite second-quarter loss, CEO says.
Irving pursues expansion
Offshore affiliate of Canadian transport giant is on the lookout for tonnage following acquisition of Italian anchor-handler.
Cancellation stings Otto
Singapore-listed shipbuilding and offshore syndicate sees red in the second following collapse of Mosvold Supply AHTS order.
Cantor upgrades Navios
Bulker stock drop has created “the perfect entry point” if you are looking to snap up shares of Navios Partners, analyst says.
TEN springs buyback
Tsakos Energy Navigation prepares to splash $20m on stock despite tanker market turmoil.
Derivatives tip TOO
Second-quarter loss swells at Teekay Offshore as swaps trump surge in revenues.
Teekay LNG slips into loss
Gas carrier and tanker owner hit by losses on interest rate swaps and suezmax derivative deal.
Teekay Corp still red
New York-listed tanker giant racks up another loss in poor markets, but LNG provides bright spot.
SinOceanic turns it round
Oslo-quoted ship investment company returns to profit in second quarter.
Bad times good for some
Sovereign debt crisis reinforces Wolfgang Driese's resolve to keep DVB Bank focussed on ship and transport finance.
TUI cruise loss grows
German cruiseship operation struggles with cost of fleet expansion in first nine months.
SCF denies Libyan deal
Sovcomflot says it has no involvement in the purchase of tankers from Libya.
Record Noble figures in 1H
Commodities and shipping conglomerate Noble Group produces best ever revenue and volumes figures to June
Cargoship grounds
Tug and rescue boat head to scene as Turkish vessel Sun-S gets stuck in Strait of Cannakale.
Maersk boosts capacity
The world’s largest containership operator is about to get even bigger by expanding the size of its existing post-panamax fleet.
Top dry fleet back in profit
STX Pan Ocean in optimistic mood despite tough times in its core dry cargo market.
Hope for bulker crew
Seafarers on Korean ship stuck off Chennai for 17 months could go home soon after judge steps in.
SITC reports lower profit
Hong Kong-listed containership company SITC reported a lower profit for the first half.
The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more