Global Ship Lease tenders almost entire $20m offer

Global Ship Lease (GSL) tendered nearly all $20m of debt put up for repurchase through an annual mandatory offer. The New York-listed boxship owner bought back $17.3m of the outstanding 9.875% first priority secured notes due 2022, the company said Monday. The offer expired Friday. GSL expects to buy those notes Tuesday at 102% for a total purchase price of approximately $17.7m. Global Ship Lea

NEWS  tradewindsnews.com 2 hours old Michael Juliano

Havila bids for majority stake in Fjord1, mulls Kystruten merger

The Saevik family has launched a bid to take control of the ferry operator that caused massive losses at one of its shipyards

NEWS  tradewindsnews.com 2 hours old Holly Birkett

Gaunt busts myth of anti-China bias in London

Chinese yards can win in arbitration cases if they are prepared, says LMAA president Ian Gaunt

Weekly  tradewindsnews.com 4 hours old Bob Rust and Irene Ang

Iceland enacts sulphur cap that's more stringent than IMO 2020

The Nordic country is writing the IMO 2020 regulations into local laws, but with a tougher limit

NEWS  tradewindsnews.com 4 hours old Max Tingyao Lin

Ofac’s 10 commandments on how to avoid violating sanctions

US government agency has detailed the most common features of transgressions

NEWS  tradewindsnews.com 4 hours old Max Tingyao Lin

Alarm bells ring for shipping on growing sanctions action

Analysis shows a four-fold growth in enforcement against maritime companies, forcing shipowners to rethink their compliance strategy

NEWS  tradewindsnews.com 4 hours old Matt Coyne

Pioneer Marine pockets profit with sale last supramax bulker

Torben Janholt’s Pioneer Marine is exiting the supramax bulker market after carrying out a very profitable deal for a 10-year-old ship. The Athens-based shipowner has sold the 56,000-dwt bulker Tenacity Bay (built 2009) to an undisclosed buyer for $8.8m, European and US brokers said. Torben Janholt’s Pioneer Marine offloads another bulker Pioneer Marine, which is listed on the Oslo over-t

NEWS  tradewindsnews.com 5 hours old Trond Lillestolen

Teekay Tankers sells oldest suezmax to Greek buyer

US-listed outfit also has two other 16-year-old tankers that are likely sales candidates

Tankers  tradewindsnews.com 6 hours old Trond Lillestolen

Navig8 links with CSIC Leasing on LNG-fuelled LR2 newbuilds

Planned order by London-based operator marks first dual-fuelled tanker contract for Qingdao Beihai

Shipyards  tradewindsnews.com 6 hours old Irene Ang

Shipping has to do even better to deliver green industrial revolution

Having made strides to cut greenhouse gas emissions, the industry now has to drive deeper change

Finance  tradewindsnews.com 6 hours old Bob Sanguinetti