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Posts related to ‘shipping’

Maersk container ship

“Bleak” Outlook for Container Shipping Is Bad News for the Global Economy

Posted: February 22, 2013 at 10:15 am

The world’s largest container shipping group, Denmark’s A.P. Moeller-Maersk, expects shipping demand on routes between Europe and Asia to be “bleak” in 2013, leading to a very small increase in ...
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Oil Tanker

Tanker Rates Falling, Profits Disappear (NAT, TK, FRO, TNK, TNP)

Posted: February 11, 2013 at 11:05 am

When Nordic American Tankers Ltd. (NYSE: NAT) reported results this morning, the company started out by saying that it had “improved its relative position within the industry despite a weak ...
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Shipper Prices Share Offering; Watch Shares Sink (EGLE, DRYS, EXM, GNK, DSX, FRO, NM, RBS, SAN)

Posted: June 26, 2012 at 8:31 am

Dry bulk shipper Eagle Bulk Shipping Inc. (NASDAQ: EGLE) filed a Form S-3 with the SEC this morning announcing the sale of up to 3.15 million shares of common stock ...
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Crude Tanker Rates to Rise on OPEC Decision (FRO, SFL, NAT, OSG, TNK, TNP)

Posted: June 20, 2012 at 12:42 pm

Last week’s decision by OPEC to continue to produce crude oil at the cartel’s official quota level of 30 million barrels/day had the knock-on effect of emboldening tanker operators to ...
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DryShips Prices Secondary Offering for Ocean Rig (DRYS, ORIG)

Posted: April 12, 2012 at 9:47 am

DryShips Inc. (NASDAQ: DRYS) has priced a secondary offering of 10 million shares for its majority-owned subsidiary Ocean Rig UDW Inc. (NASDAQ: ORIG), at $16.25, essentially equal to last night’s ...
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Shipping Company Cancels Reverse Stock Split (NEWL)

Posted: March 20, 2012 at 12:24 pm

Greek-based shipping company NewLead Holdings Ltd. (NASDAQ: NEWL) yesterday cancelled a 1-for-5 reverse stock split. From the company’s news release: NewLead decided not to proceed with the 1-for-5 reverse split ...
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Expected Price Gains in Transportation Stocks (CSX, NSC, UNP, CP, DSX, DRYS, EXM, FRO, JBHT, LSTR)

Posted: October 27, 2011 at 2:06 pm

Transportation stocks get a lot more attention as economic bellwethers than they do as market participants. Railroads, ships, and trucks are not particularly glamorous, and the industries are so ...
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Bright Spot in Shipping: LNG Carriers (TGP, GLNG, APA, ECA, EOG)

Posted: September 27, 2011 at 12:01 pm

Day rates for shippers of container, crude oil, and dry bulk cargoes have been hit hard this year as an over-supply of vessels and general concerns about the weak global ...
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Holiday Retail Outlook Debate: Shippers Versus Retailers (WMT, TGT, SSW, DAC)

Posted: September 23, 2011 at 12:26 pm

The outlook for US holiday season retail sales is either good or not so good, depending on whom you ask. Cargo container shipping has been slow in July and August, ...
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More Woes for Shippers (GMR, ONAVQ, TNK, OSG, NAT, FRO)

Posted: September 5, 2011 at 12:02 pm

No matter what kind of cargo a shipping company moves, that company is likely to be in some financial distress. Rates for moving containers, dry bulk, and oil are all ...
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Drop in Shipping Could Mean Weak Holiday Season for Retail (DRYS, GNK, EXM, SSW, DAC, TGT, M, WMT)

Posted: September 2, 2011 at 9:01 am

One indicator of a profitable holiday season for US retailers is the flow of goods into US ports. The shipping season for holiday goods generally starts in July and August ...
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Commodity Watch: Iron Ore Demand Indicates Less Shipping (VALE, RIO, BHP, DSX, GNK, EXM, EGLE)

Posted: June 21, 2011 at 1:26 pm

Ever since the iron ore miners forced customers to accept quarterly price changes, the price for seaborne iron ore has more than doubled. China, the largest consumer of iron ore, ...
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Shipping Companies and the Japan Effect (DRYS, DSX, GNK, AMKBF, DAC, SSW, FRO, NAT, TK, TGP, GLNG, SEA)

Posted: March 21, 2011 at 10:54 am

As Japan recovers from the devastating earthquake and its aftermath, the country will depend heavily on importing raw materials into the country and exporting finished goods. There are a number ...
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