Money back Garantee for Norwegian Owner

Source:TradeWinds
2012.04.16
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TradeWinds digests the digits making the headlines this week.
Paper chase - key figures from shipping's favourite newspaper.

2.5: Years it will take Edda Accommodation to secure a full return on its investment in a $147m newbuildings.
(Edda gears up to book more newbuildings)

4: Firm Wilmar bunker tanker newbuildings booked at SWS as shipbuilder, which usually constructs VLCCs and capesize bulkers, looks to fill up yard slots.
(SWS switches focus with Wilmar order)

5: Giant bulker newbuildings taken on by Oldendorff on five-year indexed contracts.
(Oldendorff fixes five)

3.5m: Tax fight which has seen OSG America take on the US government.
(OSG sues the US over tax penalties)

8.3m: Price fetched by Ofer company Tanker Pacific following the scrapping of another of the tankers it bought in huge deal with Genmar in 2006.
(Tanker Pac scraps ex-Genmar aframax)

16.6m: Price Dynacom has pocketed for an aframax tanker it paid $14m for in 2010.
(Dynacom gets top dollar for Onomichi ship)

73m: Amount expected to be sliced from Chilean line CCNI’s charter bill this year.
(New charter strategy to save millions)

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

1 + 1: LNG newbuildings clocked up by Tsakos Energy Navigation at Hyundai Heavy Industries with charter pact pending.
(TEN in LNG push)

4m: Value of OSG shares cashed in by Heartland Advisors as the investor downed its holding in the tanker owner for the third time in a year.
(Heartland sheds more OSG stock)

14: Capesize bulkers scrapped this year following disposals by Polembros and Hyundai Merchant Marine.
(HMM tosses cape / Polembros scraps cape)

100: “Justified” VLOC requirement for Vale which had dry-cargo participants running scared this week.
(Vale: ‘100 VLOCs justified’ / Vale calms VLOC panic)

53.7: Profit put on the board by Sovcomflot in 2011 as offshore investments began to pay off.
(Sovcomflot stays in profit)

186m: Wedge of Ocean Rig shares DryShips is cashing in after it upped the ante in an offering.
(DryShips pumps up ORIG offering)

20bn: Funding requirement for the liner titans as loan repayments and operating losses stretch balance sheets, Alphaliner says.
(Lines face $20bn shortfall)

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