Will Scrap Yards Solve the Crude Tanker Glut?

Depending on when and where one looks, day rates for very large crude carriers (VLCCs) run between $8,000 and around $20,000. The sad fact is that break-even rates for these ...
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How a Korean Shipping Line Bankruptcy Could Spoil Christmas

South Korea's Hanjin Shipping was, until Wednesday, the country's largest sea container shipping firm and the seventh biggest in the world. That's when a Korean court accepted Hanjin Shipping's receivership ...
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Dry Bulk ship

DryShips Declared in Default, May Not Be Able to Remain Afloat

Dry bulk carrier DryShips Inc. (NASDAQ: DRYS) filed a Form 6-K with the U.S. Securities and Exchange Commission (SEC) reporting that the company has breached certain financial covenants and, as ...
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shipping boxes

More Retailers Step Toward Free Shipping

Target Corp. (NYSE: TGT) dropped the amount of the total from a single customer in a single purchase that triggers free shipping from $50 to $25. Inc. (NASDAQ: AMZN) already offers ...
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Americans Rate Postal Service Highest, VA Lowest

The U.S. Postal Service (USPS) has lost billions of dollars. However, it does deliver the mail to every American, usually on time, at its motto suggests: Neither snow nor rain ...
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shipping boxes

Target Offers Free Shipping on Almost Everything

Target Corp. (NYSE: TGT) has taken the "free shipping" trend of e-commerce to a whole new level. Between now and the end of December, it will offer "free shipping" on ...
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oil rig

Ocean Rig Partners Files for IPO — From DryShips

Ocean Rig Partners L.P. filed its F-1 form with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). No terms were given for the offering, but ...
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Chevy Pushes 24-Hour Online Buying Service

Chevy thinks it can sell more cars and light trucks if consumers can buy them 24 hours a day. Whether the nocturnal crowd can help boost sales is too early ...
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Oil Tanker

Frontline Tankers May Restructure

This has not been a good week for Norwegian shipping magnate John Fredriksen. On Wednesday Seadrill Ltd. (NYSE: SDRL), the Fredriksen-controlled offshore drilling firm, posted a solid beat on earnings, ...
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Very Mixed Analyst Bag on Shipping and Tankers

Canaccord Genuity has issued a very mixed report on the tanker and shipping companies that move energy products around the globe. 24/7 Wall St. gave the coverage of these and ...
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shipping boxes

UPS: Bigger Boxes Mean Higher Prices

The one-size, one-price strategy employed off and on by the U.S. Postal Service, United Parcel Service Inc. (NYSE: UPS) and FedEx Corp. (NYSE: FDX) has come to an end. The ...
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Old Dominion Freight Line Delivers Good News for Investors

Since reporting Q1 earnings last month, less-than-truckload weight (LTL) trucker Old Dominion Freight Line (NASDAQ: ODFL) shares have stomped the gas, and rushed ahead 12% already. This week, the company ...
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Dry Bulk Ship

The Mysterious Rise Behind NewLead Shipping

NewLead Holdings Ltd. (NASDAQ: NEWL) jumped from a penny stock last Thursday when the dry bulk shipping company enacted a one-for-50 reverse stock split so that the company's shares would ...
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Amazon’s Sunday Delivery an Effort to Retain Sales

Residents of 15 more U.S. cities are now eligible for Sunday delivery of their orders from Inc. (NASDAQ: AMZN). The company launched the service last November in New York ...
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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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