VLCC rates are now at or near $100,000 per day, courtesy of U.S. sanctions targeting China’s COSCO.
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.
Capital-market sentiment is so bad in New York that ship owners may end up raising more money in Oslo this year.
Companies like Safe Bulkers are booking their ships at considerably higher rates, yet investor interest remains muted.
Can listed shipping shares break out of their slump before the U.S.-China trade dispute is resolved?
Hope springs eternal for shipping stocks. Some analysts claim now is finally the time to jump back in.
Performance Shipping’s expansion into the tanker sector underscores the continued appeal of diversification to listed ship owners.
It has been the slowest start of the year on record for shipping on Wall Street.
If a trade war pares GDP growth, OPEC cuts may be extended, weighing tanker rates.
