published Thu, October 14, 2010

TradeWinds

News from TradeWinds

• Maersk Line hikes LatAm rates

  Danish liner giant looks to recover higher operating costs on Latin American market with increased charges.

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• P&O enters floatel trade

  Ferry operator has converted a ro-ro vessel to support technicians working on a wind farm in the North Sea.

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• Craig fixes ERRV newbuilds

  UK shipowner has secured employment for a series of four emergency response vessels on order in Spain.

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• Navios unit dodges bareboat bullet

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

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• Frangou scans S&P scene

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

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• D’Amico joins 'eco' order race

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

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• Kentucky kicker

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

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• Derivatives dent TGP

  Financial losses push down first quarter profit at LNG arm of Teekay empire.

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• GasLog falls after IPO

  Peter Livanos-led company sees first quarter dip and expects earnings to stay flat until newbuild arrives in January.

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• TOO takes flight

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

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