FreightWaves • April 9, 2021 Light at end of the tunnel for battered tanker trade? Glimmers of hope for the beaten-down tanker sector: more OPEC+ crude production and more long-haul exports from the U.S. to India.
FreightWaves • March 31, 2021 Another shipping stock bites the dust as big tanker fleets merge ‘Bigger is better’ is the mantra of public tanker companies. The just-announced INSW-Diamond S merger is a step in that direction.
FreightWaves • March 26, 2021 Suez Canal crisis: Here are the cargoes in the crossfire The longer the Suez saga continues, the greater the container, tanker and dry bulk shipping impacts. There could be big losers — and winners.
FreightWaves • March 22, 2021 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?
FreightWaves • March 21, 2021 Inside the now-booming business of building container ships 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.
FreightWaves • March 12, 2021 Full steam ahead for Wall Street’s shipping stocks Container, dry bulk and tanker stocks push forward. Biggest winner since mid-2020: Danaos, up (this is not a typo) 1,202%.
FreightWaves • March 5, 2021 OPEC+ deal shocker will prolong bloodletting for crude tankers Analysts tally tanker fallout after OPEC+ stuns market with decision to hold the line of production cuts.
FreightWaves • March 3, 2021 What new boom in vessel sales means to shipping stocks If ocean freight rates have legs, analysts see much more room for the secondhand ship values to run — which should, in turn, boost stocks.
FreightWaves • March 2, 2021 Is dry bulk shipping’s strange Q1 a sign of strength to come? The bosses of public dry bulk shipping companies claim that recent market oddities point to good times ahead.
FreightWaves • February 22, 2021 Another one bites the dust: LNG shipping’s GasLog to delist 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?
FreightWaves • February 19, 2021 All eyes turn to timing of tanker rate resurrection Crude and product tanker rates are bouncing along the bottom. And as one analyst put it, "There is only one way to go from here."
FreightWaves • February 17, 2021 Shipping stocks are suddenly revving up across the board It’s not just container stocks rising. Shipping stocks are up for everything from bulkers to tankers to gas carriers.
FreightWaves • February 11, 2021 Shares of ocean carrier ZIM jump 64% after ‘abysmal’ debut ZIM, newest Wall Street shipping entrant, is riding wave of record-high freight rates. Shares fully recovered from rocky start.
FreightWaves • February 10, 2021 Container giant Maersk sees no letup yet in COVID-fueled cargo boom Maersk, the world’s largest container carrier, just reported record quarterly results. And its next quarter looks even better.
FreightWaves • February 5, 2021 Crude tankers stuck in ‘rate hell’ but floating-storage pain wanes Long grind ahead for crude tankers: Executives and analysts don't see recovery until second half — if not later.
FreightWaves • January 29, 2021 Shipping’s Wall Street saga: Rags to riches to rags to occasional riches 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.
FreightWaves • January 20, 2021 Ocean carrier ZIM fast-tracks IPO, targets $2 billion valuation Ocean carrier ZIM has hiked its fleet capacity with new charters and is planning to price its New York IPO next week.
FreightWaves • January 19, 2021 Dry bulk shipping revs up after ‘extraordinarily bad decade’ This has been the best January for dry bulk shipping rates in a decade. Is this the long-awaited turning point or yet another head fake?
FreightWaves • January 16, 2021 Ship fuel prices jump, spread widens. Is ‘scrubber’ revival nigh? Higher fuel prices are bad news for box shippers. Higher fuel spreads are good news for owners with scrubber-fitted fleets.
FreightWaves • January 11, 2021 New world record set for shipping rates: $350,000 per day An LNG ship is now earning more than any other vessel in history. Extreme weather in Asia has propelled LNG rates into the stratosphere.