Friday, January 29, 2021
CTRM Delisting Fox News
Blog

Castor Maritime Stock Gets Delisted By Robinhood Alongside Gamestop

by John Konrad (gCaptain) Yesterday we wrote that shares of the offshore drillship company Transocean ($RIG) were surging on retail investor interest in highly shorted companies like Gamestock. Later in...

January 29, 2021
Total Views: 20546

Monday, November 30, 2020
brexit port
News

S&P Global to Buy IHS Markit for $44 Billion in 2020’s Biggest Merger

By Noor Zainab Hussain (Reuters) – Data giant S&P Global Inc has agreed to buy IHS Markit Ltd in a deal worth $44 billion that will be 2020’s biggest merger,...

November 30, 2020
Total Views: 1137

Sunday, September 20, 2020
Blog

WATCH: Marine Finance And The Power Of Dumb Questions

By Captain John Konrad (gCaptain) In our article “THIS IS NOT A DRILL”  we sounded the alarm on the failure of the US Merchant Marine. We followed that article with...

September 20, 2020
Total Views: 72

Wednesday, August 19, 2020
Soeren Skou, CEO Maersk
Finance

Maersk Forecasts A Return To Pre-COVID Container Demand In 2021

by Jacob Gronholt-Pedersen (Reuters) – Shipping group Maersk on Wednesday issued full-year earnings guidance above its forecast at the beginning of the year and said it expects demand for moving...

August 19, 2020
Total Views: 12

Tuesday, June 23, 2020
Maritime News

Carnival Corporation Downgraded to Junk Status

June 23 (Reuters) – Ratings agency Standard & Poor’s on Tuesday downgraded bonds of Carnival Corp to junk status, forecasting continued weak demand for the cruise industry hammered by the...

June 23, 2020
Total Views: 34

Friday, May 15, 2020
Deepwater Champion Drillship
finance

Transocean Is The Decade’s Biggest Loser

With COVID19 wreaking havoc in the stock market, you might think that travel or tourism stock might be the biggest losers of the past decade. But, according to a new...

May 15, 2020
Total Views: 886

Thursday, January 30, 2020
container ship
Maritime News

Credit Suisse, Others Back Initiative to Factor CO2 Cuts into Shipping Finance

By Jonathan Saul LONDON, Jan 30 (Reuters) – Credit Suisse, BNP Paribas and French public investment bank Bpifrance are the latest lenders to join an initiative to link provision of...

January 30, 2020
Total Views: 3

Monday, July 8, 2019
offshore support vessels
Offshore News

DP World Hires Banks for $1 Billion Bond

By Archana Narayanan and Alaa Shahine (Bloomberg) –DP World Plc is hiring banks to raise about $1 billion of bonds to finance the acquisition of Topaz Energy & Marine Plc,...

July 8, 2019
Total Views: 1

Wednesday, February 20, 2019
Ship and Marine Finance Image
Maritime News

Hedge Funds Hunt for Shipping Debt in New Market Push

By Jonathan Saul and Maiya Keidan LONDON, Feb 20 (Reuters) – A growing number of hedge funds are moving into shipping debt, an asset class few have invested in before,...

February 20, 2019
Total Views: 9

Thursday, March 8, 2018
Maritime News

U.S. Fund Manager to Launch First ETF for Shipping Futures

By Jonathan Saul and Maiya Keidan LONDON, March 8 (Reuters) – U.S.-based fund manager Breakwave Advisors is launching the first exchange-traded fund (ETF) focusing on freight futures, reflecting growing investor interest...

March 8, 2018
Total Views: 3

Thursday, February 15, 2018
general cargo bulk ship
Maritime News

Hedge Funds Hook Shipping Stocks Grappling for Recovery

By Maiya Keidan and Jonathan Saul LONDON, Feb 15 (Reuters) – Shipping stocks may still be in the doldrums in the view of many investors, but hedge funds have bet...

February 15, 2018
Total Views: 5

Tuesday, January 16, 2018
loaded containership
News

Norway Wealth Fund Dumps Shipping Investments, Others on Ethics Grounds

By Jonas Bergman (Bloomberg) — Norway’s wealth fund dumped a series of companies involved in making nuclear weapons and excluded others based on human rights concerns as the $1.1 trillion...

January 16, 2018
Total Views: 2

Monday, May 22, 2017
CMA CGM mega sized containership M/V Benjamin Franklin
Maritime News

APL Turnaround Boosts CMA CGM Q1 Profits

  By Gavin van Marle (TheLoadStar) A dramatic turnaround in the fortunes of recently acquired APL helped French carrier CMA CGM offset a slight decline in revenue and volumes in the first...

May 22, 2017
Total Views: 2

Saturday, March 18, 2017
finance

Bankrupt: Singapore’s Ezra Holdings Files Chapter 11

by Tom Hals (Bloomberg) Oilfield services firm Ezra Holdings Ltd (EZRA.SI) of Singapore filed for U.S. Chapter 11 bankruptcy on Saturday, blaming a prolonged slump in the energy industry. The...

March 18, 2017
Total Views: 4

Thursday, March 16, 2017
MSC Containership docked in the port of Miami
finance

Finally Some Good News For Containership Owners

By Mike Wackett (TheLoadstar) Brokers are reporting good news for embattled containership owners this week in the container charter market, with a big rise in enquiries and improving daily hire...

March 16, 2017
Total Views: 13

Tuesday, December 20, 2016
chembulk-tanker
finance

Jack Noonan Named CMA Commodore

Today the Connecticut Maritime Association (CMA) named Mr. John D. “Jack” Noonan, CEO of Chembulk Tankers,  Commodore for the year 2017. Mr. Noonan follows a long succession of influential maritime industry...

December 20, 2016
Total Views: 4

Monday, November 28, 2016
HSH Nordbank Office
finance

HSH Nordbank Starts Talks With Potential Buyers

(Bloomberg) HSH Nordbank AG will stick to its full-year outlook when it reports nine-months results next week, a crucial yardstick for potential investors as the bank starts to gauge interest...

November 28, 2016
Total Views: 8

havila-shipping-boat
finance

Havila Shipping Fends Off Bankruptcy

by Luca Casiraghi (Bloomberg) Havila Shipping ASA avoided a potential bankruptcy filing, after bondholders accepted a debt-restructuring deal hours before a company deadline. The Norwegian operator of oil-rig support vessels...

November 28, 2016
Total Views: 11

Thursday, November 17, 2016
loaded containership
Maritime News

The Great Trump Shipping Stock Rally May Have Just Ended

US-listed shipping stocks ended their head-scratching post-election rally on Thursday with a major correction that saw some stocks fall more than 50% since Wednesday’s close. NASDAQ-listed DryShips Inc. (NASDAQ: DRYS),...

November 17, 2016
Total Views: 12

Maritime News

DryShips Unable to Explain 1500% Stock Price Surge

DryShips on Thursday said it has raised $20 million through a registered direct offering but otherwise cannot explain the meteoric rise in the price of its stock since Donald Trump...

November 17, 2016
Total Views: 18