Takeover tussles, mystery tycoons and all-action newcom

Shipping never sleeps and 2017 was a year full of activity. New names and familiar faces made the headlines in a year which ended on a more positive note than it started for many markets. Below were the most popular articles among readers of TradeWinds. DryShips chief executive George Economou was an active player in […]

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D’Amico mulling further leasebacks, executive says

D’Amico International Shipping is likely to look at additional leaseback transactions that would continue an active period of deal-making for the company, its chief financial officer says. Milan-listed D’Amico has raised cash during the past 12 months via a sale-and-leasebacks for some modern tonnage and a mixture of leasebacks and charter-backs across four older tankers. […]

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Hansson hires Giaever to fill twin CFO posts

Fearnley Securities man comes in to replace departing Turid Sorensen. Herbjorn Hansson has recruited Bjorn Giaever as the new chief financial officer of Nordic American Tankers and Nordic American Offshore. Giaever has been brought in from Fearnley Securities to replace Turid Sorensen at both companies. Fifty-year-old Giaever has many recognizable Norwegian shipping names on his […]

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China Merchants link sparks Seadrill stock

Seadrill reported to be among the potential targets for Chinese group. China Merchants Group is eyeing up merger and acquisition opportunities in the offshore drilling market, Bloomberg reports. It has taken a look at John Fredriksen’s Seadrill, which is expected to file Chapter 11 papers this month, and Shelf Drilling, industry sources told the news […]

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Kannegaard joins Monajsa as head of Copenhagen division

Monjasa has strengthened its position in Copenhagen with the recruitment of Mikkel Kannegaard, the one-time personal assistant of legendary shipowner Maersk Mc-Kinney-Moller. Kannegaard will begin his time with the bunker and tanker group in Dubai before returning to Denmark. Svend Stenberg Molholt, interim managing director for Monjasa Europe, said: “Mikkel brings relevant experience from the […]

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Maersk Tankers in aframax pool push

Chief executive says owner is aggressively seeking new ships for latest platform. Maersk Tankers is actively targeting third party partners for an aframax pool established in April this year. The Danish tanker owner had been running its five aframaxes within its LR2 pool but has opted to build the new platform given differences between the […]

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Alibra: Tanker scrapping taking off

Brokerage says 2017 running demolition total is already past 2016 level.  Greek owners have helped drive an upturn in tanker scrapping this year with more tankers sent to the breakers during 2017 to date than during the whole of 2016, Alibra Shipping says. The brokerage counts 49 tankers scrapped so far this year following John […]

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