shipping

Bulk ship

Making Heads or Tails of Dryships Earnings Release

Dryships Inc. (NASDAQ: DRYS) has reported its fourth quarter earnings. The drybulk and petroleum products marine transportation services provider reported a net loss of $24.4 million, or a -$0.06 loss ...
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Oil Tanker

Kinder Morgan Goes Big Into Marine Tankers With Nearly $1 Billion Purchase

Kinder Morgan Energy Partners L.P. (NYSE: KMP) announced on Monday that it has entered into an agreement to acquire American Petroleum Tankers (APT) and State Class Tankers (SCT) for nearly ...
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WMT strike Black Friday 2012

Walmart’s “$10 Or Less” Item Black Friday Sale

If discounts are the stuff of Black Friday's allure, then Walmart (NYSE: WMT) has set enough products which sell for $10 or less to draw nearly every shopper. In the ...
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Amazon.com logo

Amazon’s $1 Item Black Friday Sale

While J.C. Penney (NYSE: JCP) and Walmart (NYSE: WMT) have run ads in newspapers and online around the country to get shoppers through their doors in a desperate attempt to take ...
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USPS Sorting Center

When Will People Stop Using Mail As First Class Postage Price Rises

The United States Postal Service made two announcement recently. First, it announced a $5 billion annual loss. It also said the price of a first class stamp would rise from $.46 ...
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Amazon.com logo

Amazon Sunday Delivery Poses Threat to Retailers

Amazon.com Inc.'s (NASDAQ: AMZN) challenge to large retailers is not just that it does not need physical stores to do business, nor that it has one of the most visited ...
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FedEx Corporation logo

FedEx Forecasts Early Peak in Holiday Shipping

FedEx Corp. (NYSE: FDX) expects December 2 to be its peak shipping day this holiday season. Most analysts believe this means e-commerce will rob bricks-and-mortar companies of sales. The activity of the last-minute mall shopper ...
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Bulk ship

Baltic Dry Index Raises All Boats

Shipping rates as measured by the Baltic Dry Index are up about a third since the end of August. The index measures shipping rates for dry bulk cargoes such as ...
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120700845

Arctic Melting Is Good for Business

The 2012 State of the Climate report released by the American Meteorological Society (AMS) indicates that "Conditions in the Arctic were a major story of 2012." Ice in the region ...
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Railroad

Top Transportation Stocks to Buy for a Strong Second Half of 2013

Transportation stocks are typically leading indicators for the economy and the stock market. They did well in the first half of the year, outperforming the S&P 500 by almost 4%, ...
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Maersk container ship

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

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)

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)

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)

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)

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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