Executives of publicly traded shipping and offshore drilling companies have a legal duty to act in the interest of the shareholders of their respective organizations. To fulfill this duty, executives and their financial managers must identify and undertake honest and ethical investment opportunities that offer a greater investment return than shareholders would otherwise be … [Read more...]
Wilhelmsen Ships Service: Cruise and energy markets are the ones to watch
“While the shape of the shipping industry in North America is fairly stable, we are expecting more global demand from our cruise and offshore customers,” comments Philip Bannerman, Sales Director for Wilhelmsen Ships Service in the Americas. Bannerman, who is based at the company's Houston, Texas office, also believes that Mexico has more potential for … [Read more...]
Drewry: Old habits die hard for carriers
Drewry's latest Container Forecaster analysis questions carriers financial prudence as they go back to their old modus operandi of chasing market share irrespective of revenue. London, 10 January 2011 – Drewry Shipping Consultants believes that the industry has emerged from the global recession with both carrier profitability and demand figures bearing this out, but … [Read more...]
Pride International and Seahawk Drilling up for sale
Dow Jones News Wire provided this article discussing the recent "for sale" announcement by Pride International, and their shallow-water jack-up drilling rig business, Seahawk Drilling. They mention possible bidders to include Seadrill and ENSCO, but make no mention of Transocean or Stena Offshore. Via Wallstreet Journal: NEW YORK (Dow Jones)--Offshore drilling companies … [Read more...]