Stage is set for next wave of ships-for-shares deals
Improved shipping stock prices and heightened time pressure on private equity ship owners should spur more consolidation.
Improved shipping stock prices and heightened time pressure on private equity ship owners should spur more consolidation.
Could new tariffs derail solid rate performance in the trans-Atlantic trade?
VLCC rates have rapidly fallen from over $300,000 per day to around $125,000 per day.
Headlines may proclaim “$300,000 per day” but most crude tankers are not making anything close to that.
VLCC rates are reaching epic levels in the wake of an attack in the Red Sea on an Iranian Suezmax tanker.
Crude-tanker rates have now reached levels not seen since before the global financial crisis.
Both canal stats and container transport pricing confirm continued momentum for U.S. East Coast ports.
What is the most bizarre transportation law case you’ve ever heard of? The story of the demise of the tanker Brilliante Virtuoso may top your list.
For a window on future demand for U.S. crude oil, look to international markets, as ever-more U.S. volumes head to sea.
VLCC rates are now at or near $100,000 per day, courtesy of U.S. sanctions targeting China’s COSCO.
The Baltic Exchange has been unrivaled in its creation of indices for dry freight futures. That may be about to change.
Crude tanker rates continue to surge, driven by geopolitical tensions. Meanwhile, container rates remain weak.
U.S. sanctions targeting Iranian crude aboard Chinese ships ensnare Canadian-headquartered, New York-listed owner of Bahamas-flagged vessels carrying Russian cargoes via Arctic Sea.
U.S. sanctions targeting a subsidiary of China’s COSCO Shipping could have far-reaching consequences.
Shipping equities have suffered through a rough couple of years, but hope persists that market capitalizations and trading volumes can be resuscitated.
The number of containers is a better bellwether of global trade than the number of container ships.
Capital-market sentiment is so bad in New York that ship owners may end up raising more money in Oslo this year.
This week, VLCC tanker rates are rising, whereas both trans-Pacific box rates and Capesize bulker rates are slipping.
The drone attacks in Saudi Arabia are reverberating across the ocean shipping business. Part II: the impacts on the crude tanker segment.
The drone attacks in Saudi Arabia are reverberating across the ocean shipping business. Part I: the impacts on non-tanker shipping segments.