ZIM: US importers buckle, sign contracts early, pay 50% more
Ocean carrier ZIM just released record results and confirmed huge gains for contract rates. So why did its stock sink?
Ocean carrier ZIM just released record results and confirmed huge gains for contract rates. So why did its stock sink?
Newbuild-to-fleet ratio now 15.3%, up from 9.4% in mid-2020. But orders are not high enough yet to wave red flags.
Deutsche Bank’s Amit Mehrotra on how long import surge could last and upside potential for container, dry bulk and tanker stocks.
Tanker and bulker spot rates can go sub zero — some tanker rates are there now. What do the negative numbers really mean?
Container, dry bulk and tanker stocks push forward. Biggest winner since mid-2020: Danaos, up (this is not a typo) 1,202%.
Analysts tally tanker fallout after OPEC+ stuns market with decision to hold the line of production cuts.
If ocean freight rates have legs, analysts see much more room for the secondhand ship values to run — which should, in turn, boost stocks.
Jefferies senior analyst Randy Giveans outlines why it is now a particularly good time to buy container-shipping stocks.
The bosses of public dry bulk shipping companies claim that recent market oddities point to good times ahead.
It’s not just small and midsized importers that face massive contract rate hikes. Even the biggest shippers will feel the pain.
One of the largest players in public LNG shipping, GasLog Ltd., plans to give up its NYSE listing. Will more shipowners opt to go private?
Crude and product tanker rates are bouncing along the bottom. As one analyst put it, “There’s only one way to go from here.”
Star Bulk and Golden Ocean have recently acquired almost $1 billion in ships between them as they seek more exposure to the dry bulk market.
Cargo shippers hamstrung by the global container shortage should not expect a box building spree in China to come to their rescue.
It’s not just container stocks rising. Shipping stocks are up for everything from bulkers to tankers to gas carriers.
ZIM, newest Wall Street shipping entrant, is riding wave of record-high freight rates. Shares fully recovered from rocky start.
Maersk, the world’s largest container carrier, just reported record quarterly results. And its next quarter looks even better.
Long grind ahead for crude tankers: Executives and analysts don’t see recovery until second half — if not later.
Container lines score huge negotiating advantage as spot-rate surge set to persist through annual contract season.
ZIM just completed the first U.S. shipping IPO in over five years. Here’s a look back at shipping’s wild multidecade ride on Wall Street.