Tuesday, November 16, 2021
S&P Global Offices In NYC

US Approves $39B Maritime Media And Data Deal

By David McLaughlin (Bloomberg) S&P Global (NYSE: SPGI) won U.S. antitrust approval to buy IHS Markit (NYSE: INFO) – owners of The Journal Of Commerce – to create a financial...

November 16, 2021
Total Views: 1060

Friday, November 12, 2021
Hapag-lloyd containership

Hapag-Lloyd Reports 10-Fold Profit Surge

by Vera Eckert (Reuters) German container shipping line Hapag-Lloyd reported a more than 10-fold surge in nine-month net profit on Friday, citing record freight rates amid scarce transport capacity and...

November 12, 2021
Total Views: 1077

Thursday, November 4, 2021
nyk containership

Japanese Shippers Reap Profit Bonanza Amid Supply Chain Chaos

By Aaron Sheldrick TOKYO, Nov 4 (Reuters) – Nippon Yusen and Kawasaki Kisen Kaisha, Japan’s biggest and third-biggest shipping companies, reported record quarterly profits as they benefited from higher freight rates amid...

November 4, 2021
Total Views: 1008

Wednesday, November 3, 2021
Empty Maersk shipping containers

Central Banks Ditch Inflation Narrative As Shipping Stumbles To Meet Demand

Central banks, already retreating from their view that inflation is “transitory,” may be forced to counter rising prices with earlier-than-expected interest-rate hikes.

November 3, 2021
Total Views: 1135

Sunday, October 24, 2021
angshan Deep-Water Port

Online Thrifting Sees Silver Lining in Supply Chain Crunch

By Clara Molot and Amelia Pollard (Bloomberg) –As brand-name retailers nationwide struggle to fill shelves, a crop of online platforms that trade in secondhand wares are poised to profit handsomely from the...

October 24, 2021
Total Views: 1623

Wednesday, October 20, 2021
mardis gras lng bunkering

Carnival Sells $2 Billion Junk Bond

By Jack Pitcher and Gowri Gurumurthy (Bloomberg) Carnival Corp. sold a junk bond Tuesday that was increased $2 billion, just over a week after the cash-burning cruise operator boosted the...

October 20, 2021
Total Views: 8802

Wednesday, October 6, 2021
lng carrier delivers first lng cargo to the Tornio Manga LNG

LNG Ship Rates Climb Due To Widening Spread Between Europe And Asia Prices

By Jessica Jaganathan (Reuters) Freight rates to ship liquefied natural gas (LNG) rose to multi-month highs this week as a surge in demand for the super-chlled fuel has increased the need for...

October 6, 2021
Total Views: 1629

Sunday, October 3, 2021
port of charleston

Despite Persistent Shipping Challenges U.S. Factory Growth Advances to Four-Month High

By Reade Pickert (Bloomberg) –A measure of U.S. manufacturing expanded in September at the fastest pace in four months, bolstered by robust demand for factory goods and burgeoning inventory. The Institute...

October 3, 2021
Total Views: 1000

Thursday, September 16, 2021

Bulker Rates May Go Parabolic Says Genco CEO

By Alex Longley (Bloomberg) An owner of commodity hauling freighters said rates for the ships are close to the point of spiking sharply higher and mirroring an unprecedented surge in costs...

September 16, 2021
Total Views: 2006


Marine Money Experts Warn Against New Ship Capacity As Prices Surge

By Elizabeth Low (Bloomberg) Shipowners and financiers should avoid sinking money into new container vessels despite a global crunch because record orders have driven up prices, according to industry insiders....

September 16, 2021
Total Views: 1404

Wednesday, September 15, 2021

Bulker Rates Post Biggest Daily Gain In A Decade

By Alex Longley (Bloomberg) In an already banner year for shipping, commodity carriers just saw their biggest daily gain in a decade. Average rates for giant Capesize bulk carriers —...

September 15, 2021
Total Views: 875

Sunday, September 12, 2021
Fisheye Photo of Ship Stern

World’s Shippers Are Earning The Most Money Since 2008

By Alex Longley (Bloomberg) The global shipping industry is getting its biggest payday since 2008 as the combination of booming demand for goods and a global supply chain that’s collapsing...

September 12, 2021
Total Views: 3717

Wednesday, September 8, 2021

Neptune Is Said to Consider Merger With Rival Harbour Energy

By Dinesh Nair, Ruth David and Laura Hurst (Bloomberg) — Neptune Energy Group Ltd., the private equity-backed explorer, is considering options including a merger with Harbour Energy Plc that could create...

September 8, 2021
Total Views: 601


Saltchuk Ends Offer To Buy Overseas Shipholding Group

Shares of Overseas Shipholding ($OSG) fell over 20 percent to just $2.13 in early morning trading after Saltchuk Holdings ended discussions on a potential offer to buy the company. Overseas Shipholding Group, is...

September 8, 2021
Total Views: 2271

Monday, September 6, 2021

Belize Wins First Step Toward an Ocean-Friendly Restructuring

By Sydney Maki (Bloomberg) –Belize struck an agreement in principle with a group of bondholders to buy back its debt at a discount — but with an unusual, ocean-friendly twist. Under...

September 6, 2021
Total Views: 3072


MSC To Increase Its Peak Season Surcharge Between Europe And US

By Mike Wackett (The Loadstar) – MSC is to increase its peak season surcharge (PSS) between Europe and the US by $1,000 per 40ft on 1 October. The Geneva-headquartered carrier said...

September 6, 2021
Total Views: 1150

Tuesday, August 31, 2021

Floods, Outages Stall Energy Firms’ Restart Efforts After Ida

By Marianna Parraga and Stephanie Kelly(Reuters) – Widespread flooding from Hurricane Ida and power outages on Tuesday slowed efforts by energy companies to assess damages at oil production facilities, ports and refineries....

August 31, 2021
Total Views: 839

Monday, August 30, 2021

Oil Edges Up as U.S. Gulf Producers Assess Damage After Ida

By Sheela Tobben (Bloomberg) –Oil closed modestly higher Monday in New York as offshore explorers assess damage from Hurricane Ida and investors shift focus to an OPEC+ meeting that could see...

August 30, 2021
Total Views: 852

Saturday, August 28, 2021

Navios Merges Into Largest U.S. Listed Shipping Company

The Monaco-based Navios Maritime Partners (NMM) is acquiring the debt-laden Navios Maritime Acquisition Company (NNA) to create a massive containership, bulker, and tankship company with over 140 ships. This will...

August 28, 2021
Total Views: 1486

Saturday, August 21, 2021
Disney Cruise Ship Underway

CDC Says Vaccinated Cruisers Should Avoid Voyages

By Jonathan Levin (Bloomberg) Cruise shares slipped in after-market trading late Friday after the Centers for Disease Control and Prevention said high-risk travelers should avoid cruise ship travel, whether they are...

August 21, 2021
Total Views: 763