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  • 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