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: 764

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: 1391

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: 5395

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: 1216

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: 7412

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: 13068

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: 633

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: 698