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Finance


Thursday, September 16, 2021
Bulker Rates May Go Parabolic Says Genco CEO
Finance

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

September 16, 2021
Total Views: 2046

singapore
Finance

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

September 16, 2021
Total Views: 1558

Wednesday, September 15, 2021
bulk-ship-loading-grain
Finance

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

September 15, 2021
Total Views: 929

Sunday, September 12, 2021
Fisheye Photo of Ship Stern
Finance

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

September 12, 2021
Total Views: 3778

Wednesday, September 8, 2021
Offshore oil and gas platform
Finance

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

September 8, 2021
Total Views: 633

OSG ATB
Finance

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

September 8, 2021
Total Views: 2547

Monday, September 6, 2021
Belize Wins First Step Toward an Ocean-Friendly Restructuring
Finance

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

September 6, 2021
Total Views: 3212

MSC_isabella_Los_angeles
Finance

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

September 6, 2021
Total Views: 1252

Tuesday, August 31, 2021
Floods, Outages Stall Energy Firms’ Restart Efforts After Ida
Finance

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

August 31, 2021
Total Views: 852

Monday, August 30, 2021
Oil Edges Up as U.S. Gulf Producers Assess Damage After Ida
Finance

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

August 30, 2021
Total Views: 861

Saturday, August 28, 2021
Navios Merges Into Largest U.S. Listed Shipping Company
Finance

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,

August 28, 2021
Total Views: 1608

Saturday, August 21, 2021
Disney Cruise Ship Underway
Finance

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

August 21, 2021
Total Views: 786

Wednesday, August 11, 2021
Greenpeace's Arctic Sunrise Navigating In Ice
Environment

Greenflation Hits Shipping

by Sujata Rao (Reuters) From container ships to cardboard, tighter environmental regulations are stoking shortages and price spikes as

August 11, 2021
Total Views: 1814

Tuesday, August 3, 2021
Miami Pilot Boat Underway With Maersk Kentucky
Finance

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

August 3, 2021
Total Views: 569

Tuesday, July 27, 2021
navios-phoenix-bulker
Finance

Navios Stock Crashes After Newbuild Announcement

by John Konrad (gCaptain) Shares of Navios Maritime Partners $NMM fell 7.5% this morning after the company announced a six-ship order for mid-sized

July 27, 2021
Total Views: 2272

Monday, July 26, 2021
baltic exchange offices
Finance

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

July 26, 2021
Total Views: 688

Saturday, July 24, 2021
It’s About Stimulus Checks Not Ocean Carriers Like Maersk Says White House Source
Finance

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

July 24, 2021
Total Views: 6478

Sunday, July 11, 2021
NASA Space photo of Suez Canal
Finance

Suez Canal Revenue Hits Record $5.84 Billion

by Yousry Mohamed (Reuters) How much does the Suez Canal make each year? Egypt’s Suez Canal revenue rose to a record $5.84 billion in its 2020-21

July 11, 2021
Total Views: 4643

Sunday, July 4, 2021
Second Officer OSC Ship
Finance

Asyad May Sell 40% Of Oman Shipping Company

By Hadeel Al Sayegh (Reuters) Oman’s state-owned transport group Asyad is weighing the sale of a strategic stake in its subsidiary Oman Shipping Company

July 4, 2021
Total Views: 1145

Friday, July 2, 2021
OSG ATB
Finance

OSG Stock Soars After Saltchuk Takeover News

Shares of Overseas Shipholding Group (NYSE:OSG) soared almost forty percent in early morning trading after they announced that Saltchuk is interested in

July 2, 2021
Total Views: 4275
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