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finance


Thursday, November 17, 2011
General Maritime Files For Chapter 11
Uncategorized

General Maritime Files For Chapter 11

General Maritime Corp. (GMR) voluntarily filed for Chapter 11 bankruptcy and reached agreements with key senior lenders for a financial restructuring that will

November 17, 2011
Total Views: 7

Monday, October 24, 2011
Big Ships, Cheaper Prices; Shares of shipping companies remain deeply undervalued
Uncategorized

Big Ships, Cheaper Prices; Shares of shipping companies remain deeply undervalued

By Jonathan Hoenig We do not trade a firm’s earnings, management or products, only shares of its stock. Therefore, price alone should guide our decision

October 24, 2011
Total Views: 1

Friday, October 21, 2011
Betting on Shipping Stocks?  Sometimes Ignoring the Herd Pays [MARKET ADVICE]
Uncategorized

Betting on Shipping Stocks? Sometimes Ignoring the Herd Pays [MARKET ADVICE]

By Jonathan Hoenig, Capitalistpig Hedge Fund LLC Being a contrarian is lonely. People think you’re crazy. Consider the cases of gold and Apple.

October 21, 2011
Total Views: 31

Thursday, October 20, 2011
Horizon Lines Shares Delisted From NYSE

Horizon Lines Shares Delisted From NYSE

Horizon Lines’ common stock started trading on the over-the-counter securities market today under the symbol HRZL following the companies delisting

October 20, 2011
Total Views: 25

Friday, September 23, 2011
Shipping Industry Confidence Dips To All-Time Low [REPORT]
Uncategorized

Shipping Industry Confidence Dips To All-Time Low [REPORT]

Overall confidence levels in the shipping industry fell to their lowest level for three and a half years in the three months ended August 2011, according to

September 23, 2011
Total Views: 6

Wednesday, September 7, 2011
Tankers Idling Longer As Fleet Growth Outpaces Global Oil Demand
Uncategorized

Tankers Idling Longer As Fleet Growth Outpaces Global Oil Demand

LONDON (Dow Jones)–A growing number of oil tankers are dropping anchor rather than shipping crude to market as the rate of ship construction outpaces

September 7, 2011
Total Views: 33

Wednesday, August 31, 2011
Ocean Rig Corcovado Dryships drillship drilship
Finance

DryShips Swings to 2Q Loss; Stock down 42% this year

Image courtesy Samsung Heavy Industries (Dow Jones) DryShips Inc.’s (DRYS) swung to a sharp loss in its fiscal second-quarter as write-downs from the

August 31, 2011
Total Views: 4

Tuesday, August 30, 2011
Drewry: Commodity prices are putting a serious squeeze on ship owners [REPORT]
Uncategorized

Drewry: Commodity prices are putting a serious squeeze on ship owners [REPORT]

London, UK, 19 August – If it wasn’t bad enough that demand in the shipping markets has not recovered, commodity price rises have put more than a

August 30, 2011
Total Views: 9

Friday, August 19, 2011
DSME Daewoo shipbuilding stock chart
Engineering News

Daewoo Shipbuilding drops almost 14%, Korean market takes heavy losses

Image courtesy Reuters HONG KONG (MarketWatch)–The South Korean market led the way for hefty stock losses in Asia Friday, as risk appetite evaporated on

August 19, 2011
Total Views: 4

Wednesday, August 17, 2011
BIMCO: Freight Rates Slide Seen Continuing On Vessel Oversupply
Uncategorized

BIMCO: Freight Rates Slide Seen Continuing On Vessel Oversupply

LONDON (Dow Jones)–Dry bulk freight rates, already down 30% in value since the start of 2011, are likely to fall further over the coming months as slower

August 17, 2011
Total Views: 4

Tuesday, August 16, 2011
Frontline titan orion vlcc oil tanker ship
Finance

ASIA TANKER: VLCCs Hurt By Oversupply

Image courtesy Frontline SINGAPORE (Dow Jones)–Asia’s crude tanker market may stay depressed by heavy supply as September booking begins, but

August 16, 2011
Total Views: 67

Monday, August 15, 2011
Aker-Spitsbergen_oil-rig
News

Transocean to Buy Norwegian Firm Aker Drilling

By Katarina Gustafsson Aiming to supplement its fleet in the arctic, American drilling giant Transocean Ltd. said it plans to acquire Norwegian drilling-rig

August 15, 2011
Total Views: 90

Sunday, August 14, 2011
Dongfang Shipbuilding
Engineering News

Chinese Shipbuilder to list on London Market

LONDON (Dow Jones)–Chinese shipbuilder and shipping firm Dongfang Shipbuilding Co. expects its upcoming listing on London’s Alternative

August 14, 2011
Total Views: 16

Friday, August 12, 2011
furgro-drillers watching sunset
Finance

FUGRO: Lack of activity in Gulf of Mexico putting pressure on margins

AMSTERDAM (Dow Jones)–Dutch oil and gas-services provider Fugro NV (FUR.AE) Friday warned that current economic uncertainty is causing delays in the

August 12, 2011
Total Views: 5

Thursday, August 11, 2011
Teekay_Shipping Logo
Finance

Teekay Narrows 2Q Loss On Lighter Derivative Impact

(Dow Jones) Teekay Corp.’s (TK) second-quarter loss narrowed as the tanker-ship company posted a slimmer loss on derivative instruments than the

August 11, 2011
Total Views: 8

Wednesday, August 10, 2011
noble drilling company
Finance

Noble Rises in Rank [INVESTORS ANALYSIS]

Noble Corp. (NE: NYSE) By Global Hunter Securities ($29.33, Aug. 9, 2011) Off 41% from its recent high as of Monday’s close and the worst performer in

August 10, 2011
Total Views: 2

Tuesday, August 2, 2011
sembcorp
Engineering News

Sembcorp: “The fundamentals driving the offshore oil industry remain intact”

SINGAPORE (Dow Jones)–Sembcorp Marine Ltd. (S51.SG) said Tuesday its second-quarter net profit fell 15% from a year earlier because of a sharp

August 2, 2011
Total Views: 3

Monday, August 1, 2011
Ships Come In As Deals Heat Up – Private equity firms buying into shipping industry
Uncategorized

Ships Come In As Deals Heat Up – Private equity firms buying into shipping industry

By Gina Chon, The Wall Street Journal Deal action is heating up in the shipping industry, which suffered during the financial crisis but has since proven

August 1, 2011
Total Views: 20

OSG Lightering tanker Gulf of Mexico
Finance

Traders Eye Gulf of Mexico Oil Tanker Play

Spread Between Futures Contracts Makes Stashing Crude Offshore Attractive LONDON (Dow Jones)—Storing oil in tankers offshore is on the rise again in the

August 1, 2011
Total Views: 16

Thursday, July 28, 2011
Canadian pension fund aquires V.Ships
Uncategorized

Canadian pension fund aquires V.Ships

Canadian pension fund, OMERS Private Equity, has agreed to aquire V.Group, parent company of V.Ships, the world’s largest supplier of independent ship

July 28, 2011
Total Views: 10
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