Wednesday, September 8, 2021
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 offer to buy the company. Overseas Shipholding Group, is...

September 8, 2021
Total Views: 2254

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 travelers should avoid cruise ship travel, whether they are...

August 21, 2021
Total Views: 760

Friday, August 13, 2021
bulk carrier ballast water
Shipping

Surging Bulk Shipping ETF Struggles to Get New Cash

By Sam Potter (Bloomberg) — An expensive ETF riding both the commodity boom and the supply-chain chaos is shedding millions in assets, a sign of investor fatigue after inflation-linked trades broke records...

August 13, 2021
Total Views: 752

Thursday, August 12, 2021
Shipping

Scorpio Tankers President Robert Bugbee Continues to Binge on STNG Call Options

Robert Bugbee, the well-known President of NYSE-listed Scorpio Tankers (NYSE: STNG), spent another $465,000 on STNG call options on Wednesday, bringing his weekly total to more than $3.6 million across...

August 12, 2021
Total Views: 1216

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 reporting strong preliminary quarterly results as chaotic conditions in the...

August 3, 2021
Total Views: 553

Thursday, July 22, 2021
baltic dry index
Shipping

Activist Investor Applies Pressure to Navios Maritime Partners Management

Investment company MRMP-Managers, LLC has sent a letter to NYSE-listed Navios Maritime Partners (NMM) and its CEO Angeliki Frangou detailing concerns regarding the management and direction of the company, and...

July 22, 2021
Total Views: 857

Tuesday, June 29, 2021
bulk carrier
Shipping

GoldenTree to Sell Eagle Bulk Shipping Shares in Secondary Public Offering

U.S.-based Eagle Bulk Shipping (NASDAQ: EGLE) has announced a underwritten secondary public offering of $1.5 million shares of its common stock. The shares are being offered by GoldenTree Asset Management,...

June 29, 2021
Total Views: 1411

Tuesday, June 15, 2021
Offshore

Offshore Driller Transocean to Sell Shares Amid Meme Stock Frenzy

By Allison McNeely (Bloomberg) — Transocean Ltd. is planning to raise cash and cut debt by selling new shares, taking advantage of a surge in its stock price driven by the...

June 15, 2021
Total Views: 5413

Thursday, May 20, 2021
zim containership
Shipping

ZIM Rides Rising Tide to Record Quarterly Profit

By Gavin van Marle (The Loadstar) Israeli container shipping carrier Zim, recently listed on the New York Stock Exchange, rewarded investors yesterday, reporting first-quarter results that were among some of the best...

May 20, 2021
Total Views: 1225

Tuesday, May 18, 2021
oil tanker loading
Shipping

‘The Big Short’ Investor Buys Into Shipping

A new SEC filing shows that the Scion Asset Management, the private investment firm founded and led by famed investor Dr. Michael Burry, purchased about $10.5 million worth shipping stocks...

May 18, 2021
Total Views: 7569

Monday, March 29, 2021
Finance

Tanker Gang: Day Traders Cash In On Suez Blockage

By Stephen Stapczynski (Bloomberg) As soon as retail investor Calvin Froedge heard that a massive container vessel was stuck in the Suez Canal, he pulled his car over to the...

March 29, 2021
Total Views: 13070

Monday, November 9, 2020
container port
Interesting

Danaos a Big Winner as Containership Charter Rates Soar

By Mike Wackett (The Loadstar) – With freight rates soaring, ocean carriers are prepared to pay more than double previous daily hire rates for chartered ships to secure tonnage and...

November 9, 2020
Total Views: 641

Friday, November 6, 2020
Eagle Bulk Ship Stamford
News

EDITORIAL: Eagle Invests Big Money In Crew Crisis Solutions

by Captain John Konrad (gCaptain) Over 300,000 seafarers are stuck at sea in what the Pope has called one of the biggest crises ever to face the maritime industry but...

November 6, 2020
Total Views: 797