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shipping Articles
Source: Courtesy Maersk LineThe 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,...
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Source: ThinkstockWhen 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...
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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 priced at $2.84. Shares closed at...
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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 raise...
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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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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...
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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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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 economies have lowered demand...
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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, leading to speculation that the...
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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 way down as the global economy...
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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 and runs through October....
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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, resisted for a while...
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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 of...
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