Finance


Friday, August 26, 2022
Dennis Uy
Finance

Philippine Shipping Mogul Dennis Uy To Sell Crown Jewels

Uy accepted billions in loans - including more than $1 billion from Chinese banks to fund a partnership deal with China Telecommunications - and now the

August 26, 2022
Total Views: 5315

Thursday, July 28, 2022
Finance

Scorpio Says Russian Oil Ban Will Supercharge Tanker Market

Scorpio Tankers (NYSE: $STNG) reported the biggest quarterly profit in its history on Thursday, and said that tonne-miles will go “through the

July 28, 2022
Total Views: 5235

Sunday, July 10, 2022
Finance

Audit Finds $224 Million In Underreported Costs In NYC Ferry System 

New York, NY – New York City Comptroller Brad Lander released an audit showing NYC Economic Development Corporation (EDC) underreported nearly a quarter

July 10, 2022
Total Views: 3961

Wednesday, July 6, 2022
Finance

U.S.-Listed Shipping Stocks Fall Ahead Of Federal Reserve Meeting

by John Konrad (gCaptain) Today shares of most shipping stocks are lower despite the market being mostly flat ahead of the important US Federal Reserve minutes

July 6, 2022
Total Views: 836

Tuesday, July 5, 2022
trump tariffs on china
Finance

Biden May Start Easing Trumps’ China  Trade Tariffs

By Bloomberg News (Bloomberg) Senior US and Chinese officials discussed US economic sanctions and tariffs Tuesday amid reports the Biden administration is

July 5, 2022
Total Views: 1532

Friday, July 1, 2022
Finance

Analyst Calls Today “Bloody Friday” For Shipping Stocks

by John Konrad (gCaptain) Shipping stocks across the board took heavy hits today in what shipping analyst J.Mintzmyer is calling “Bloody Friday.”

July 1, 2022
Total Views: 3821

Wednesday, June 29, 2022
MSC Grandiosa
Cruise Ships

Cruise Line Stocks Could “Fall To Zero” Says Banker

by John Konrad (gCaptain) While many shipping stocks have seen record profits this year, the stocks of cruise lines are among the biggest losers in the S&P

June 29, 2022
Total Views: 5488

Maritime Trade Disruption
Finance

Ship Disruption May Push Inflation Higher Says UN

by John Konrad (gCaptain) A new UN report warns logistics professionals not to discount the impact of the Ukraine War on overall ship demand or get too excited

June 29, 2022
Total Views: 755

Tuesday, June 28, 2022
Drone Photo Of A Product Tanker carrying Gasoline.
Finance

Product Tanker Stocks Hold Up Despite Stock Market Pain

by John Konrad (gCaptain) Shares of product tankers are holding up well despite outsized gains in 2022 and an overall fall in the shipping market over the past

June 28, 2022
Total Views: 832

Environment

ESG Banks Give Gunvor Giant $912 Million Loan Despite Past Ties To Putin

by John Konrad (gCaptain) Gunvor, the energy trading firm and shipowner cofounded by sanctioned Russian Oligarch and Putin’s long-time friend Gennady

June 28, 2022
Total Views: 2206

Friday, June 24, 2022
tanker in new york harbor
Finance

Marine Money Week: The New Tech Visage of Ship Finance

ESG (Environment-Social-Governance) considerations are tied integrally into shipping finance. For example, the costs of vessel loans (and soon, maritime hull

June 24, 2022
Total Views: 1309

Thursday, June 23, 2022
Jim Lawrence at Marine Money Week 2022
Finance

Geopolitical Worry Builds Alongside Shipping Profits At Marine Money Week

By John Konrad (gCaptain) At the intersection of big banking and big shipping is Marine Money Week 2022, an annual event in Manhattan that hosts executives

June 23, 2022
Total Views: 714

Sunday, April 17, 2022
Guo Wengui's yacht Lady May
Finance

US Court Holds Bankrupt Billionaire In Contempt For Hiding His Yacht Overseas

By Jeremy Hill (Bloomberg) A $37 million wire transfer will serve as a substitute for a 150-foot luxury yacht tied to exiled Chinese businessman Guo Wengui,

April 17, 2022
Total Views: 32867

Monday, February 28, 2022
tanker
Finance

Russian Oil Buyers Struggle To Charter Ships

MOSCOW/LONDON, Feb 28 (Reuters) – Buyers of Russian oil have faced difficulties over payments and availability of vessels after imposition of

February 28, 2022
Total Views: 3366

Thursday, February 24, 2022
Finance

Banks Shutdown Russian Shipping Credit

By Dmitry Zhdannikov (Reuters) The global oil market was thrown into chaos on Thursday after Russia invaded Ukraine, with top buyers of Russian oil

February 24, 2022
Total Views: 3174

Friday, February 18, 2022
tanker
Finance

Fleetscape Probing Possible Iran Oil Transfer To Ship It Finances

By Jonathan Saul (Reuters) – UK-based maritime company Fleetscape is investigating the possible transfer of Iranian oil to a tanker it finances, the

February 18, 2022
Total Views: 1502

Thursday, February 10, 2022
coffee beans
Finance

Coffee Prices Soar Amid Ship Shortage

By Tatiana Freitas (Bloomberg) Coffee futures reached the highest in ten years in New York amid mounting concerns over tight supplies and space aboard ships.

February 10, 2022
Total Views: 3274

Monday, January 31, 2022
Federal Reserve Board Chairman Jerome Powell
Finance

OPED – Could The Federal Reserve Fix Our Ports?

By Captain John Konrad (gCaptain) CNBC editor Lori Ann LaRocco is a superstar in the world of logistics and seaborne trade. LaRocco’s tireless and timely

January 31, 2022
Total Views: 1161

Thursday, January 27, 2022
U.S. China Trade War
Finance

U.S. Trade Gap And Imports Hit New Records

By Ana Monteiro (Bloomberg) The U.S. merchandise-trade deficit unexpectedly widened in December to a fresh record as imports continued to rise, outpacing

January 27, 2022
Total Views: 1653

Thursday, January 13, 2022
Cruise Ships

Genting Cruise Ship Shares Plunge 56% Due To Omicron Outbreaks And Shipyard Insolvency

By Lorretta Chen (Bloomberg) –Troubled cruise operator Genting Hong Kong Ltd. plunged by a record Thursday after shares resumed trading, following

January 13, 2022
Total Views: 1332