BW Group sells more Dorian shares

The Dorian LPG sell-off by the BW Group continues. Thursday, Andreas Sohmen Pao’s Singapore-based group disclosed it sold 300,100 shares of the John Hadjipateras-backed gas carrier owner for $10 each and just over $3m total. The sales were made on Tuesday and Wednesday. BW Source: http://www.tradewindsnews.com

August 22, 2019
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Grieg Star sends another bulker for ‘green’ recycling

Grieg Star has sold a handymax bulk carrier for “green” recycling, while its sister company GriegMaas has taken delivery of a new vessel. The 40,900-dwt geared Star Fuji (built 1985) was delivered on Wednesday to the EU-approved Leyal Ship Recycling yard in Source: http://www.tradewindsnews.com

August 22, 2019
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Olav Meling tells of confidence in future after bank deal

OH Meling has reached a deal with lender SpareBank 1 SR-Bank allowing it to navigate poor markets for its tankers and offshore vessels. Chief executive Olav Meling ­expressed confidence in the privately owned company’s future, thanks to the arrangement. “This Source: http://www.tradewindsnews.com

August 22, 2019
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Centrofin poised to exit VLCC segment with sale of duo

Diversified Greek shipowner Centro­fin appears to be exiting the VLCC segment. An undisclosed buyer has reportedly committed to purchase the company’s DSME-built, 299,000-dwt sisterships Kalymnos and Cerigo (both built 2000). US brokers said they are destined for a conversion project. Source: http://www.tradewindsnews.com

August 22, 2019
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Bonheur completes upsized $89m bond issue

Bonheur, the investment holding company for Fred Olsen & Co, has issued NOK 800m ($89.2m) in new senior unsecured bonds. The placement was oversubscribed and raised NOK 100m more than had been mooted by the company as markets opened in Oslo this morning, according Source: http://www.tradewindsnews.com

August 22, 2019
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Top Ships moves ahead with reverse split

Top Ships is enacting a 20-for-1 reverse stock split. The New York-traded, Evangelos Pistiolis-led tanker owner announced the move Wednesday after shareholders approved the move at the company’s annual meeting 7 Aguust. The reverse split will be effective at the start of trading Source: http://www.tradewindsnews.com

August 21, 2019
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Wallenius Wilhelmsen ends second quarter in the black

A weaker automobile market dragged down Wallenius Wilhelmsen’s second quarter results,and might threaten its bottom line further. Despite much higher Ebitda, the Oslo-listed ro-ro operator Wednesday reported a $1m profit for the second three months of 2019, 4% lower than the same Source: http://www.tradewindsnews.com

August 21, 2019
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Wilhelmsen’s Treasure launches share buyback

Treasure ASA, a holding company for Wallenius Wilhelmsen’s interest in Korean car carrier owner Hyundai Glovis, is giving stakeholders an opportunity to sell hundreds of thousands of shares. The Wilhelmsen subsidiary has launched an offer to buy back 1.5 million units pursuant to its board Source: http://www.tradewindsnews.com

August 20, 2019
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