Owners Face Second Korea Line Sting

Source:TradeWinds
2012.02.27
568

TradeWinds digests the digits making the headlines this week.

Paper chase - key figures from shipping's favourite newspaper.

2: Sovcomflot LPG newbuilidngs which have landed 15-year contracts with Sibur.
(Sovcomflot newbuildings bag long charters)

5: Capesize bulkers tossed on the scrap heap already this year, with Greek owner Polembros the latest to bite the bullet.
(Polembros sends another bulker to the breakers)

10: Potential LNG fleet for Stena Bulk as it looks to develop a foothold in the booming sector.

(Nothing speculative)

50: Bulkers set to return to Korea Line, including a batch from Eagle Bulk, which ailing KLC is trying to delay.
(Korea Line out to stop 50 bulkers)

33m: Cash Ofer company Tanker Pacific is said to have paid out for a suezmax as part of a major push in the sector.
(Tanker Pac swells suezmax line-up)

52m: Value of Platou’s offer for ACM which did not prove tempting enough for the Johnny Plumbe-led shop and, in the words of Richard Fulford-Smith, led to a missed opportunity for both camps.
(Platou still set on wet)

Digital digits - numbers hitting the headlines on www.tradewindsnews.com

4: Post-panamax newbuildings quietly booked by DryShips in China at $34m a pop.
(George in bulker blitz)

10,000: Cash per day Swiss Marine has paid for Classic Maritime to hire one of its bulkers.
(Classic paid to take cape)

53.25m: Dollars in Genco’s sights as it turns to Wall Street to help with debt repayments.
(Genco shares plunge again)

206m: Value of seven-bulker haul for Yangzijiang Shipbuilding in the first few weeks of 2012.
(Sneaky seven for Yangzijiang)

400m: Fire power still in reserve at Teekay LNG as it looks to follow up Maersk swoop with further buys.
(Evensen hungry for more)

460m: Tanker newbuilding blitz for China Merchants Energy Shipping which will run to 10 ships including VLCCs.
(CMES closes on VLCCs)

1bn: Negative swing in NOL’s annual profit after clocking its largest ever quarterly loss in the final three months of the year.
(NOL suffers Q4 bloodbath)

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