Wednesday, September 15, 2021
Sunday, September 12, 2021
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...
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...
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...
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...
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...
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....
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...
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...
Saturday, August 21, 2021
Wednesday, August 11, 2021
Tuesday, August 3, 2021
Maersk Raises Stock Guidance As Freight Rates Jump 59%
by Nikolaj Skydsgaard (Reuters) The world’s biggest container shipping company, A.P. Moller-Maersk, on Monday lifted its full-year earnings outlook after reporting strong preliminary quarterly results as chaotic conditions in the...
Tuesday, July 27, 2021
Monday, July 26, 2021
Baltic Index Climbs On Uncertainty And Extreme Weather
by John Konrad (gCaptain) The Baltic Exchange’s main sea freight index, the Baltic Dry Index (BDI), rose for a fourth straight session on Monday, fueled by higher demand for Capesize...
Saturday, July 24, 2021
It’s About Stimulus Checks Not Ocean Carriers Like Maersk Says White House Source
by John Konrad (gCaptain) Earlier this month, the Biden Administration signed an order cracking down on anti-competitive behavior in the shipping industry. This week a source close to the administration says the...
Sunday, July 11, 2021
Sunday, July 4, 2021
Friday, July 2, 2021
Tuesday, June 29, 2021
Lloyd’s Register Sells Cyber Security Assets to Focus on Shipping
By Jonathan Saul LONDON, June 29 (Reuters) – British professional services provider Lloyd’s Register (LR) has agreed to sell its business assurance and cyber security division to Goldman Sachs Asset...
Wednesday, June 16, 2021
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