Oil prices are slightly higher, although their three-day rally has run out of much of their steam as a higher US rig count signalled rising production from shale, contributing to the global supply glut.
Merger could give Hapag-Lloyd access to bigger ships on the major Asia-to-Europe route; postponement seen but deal 'not at risk'
Experts disclose the current maritime finance challenges
Ship owners, operators, traders, financers, investors and maritime experts join together to discuss the positive signs of the maritime industry on the Middle East by addressing the financial opportunities in the market throughout the current political situation that is taking place worldwide
Ship Finance International Limited (SFL), a part of Services sector and belongs to Shipping industry; ended its day with loss -2.73% and finalized at the price of $14.25. During its last trading session, Stock traded with the total exchanged volume of 0.86 million shares. The average volume stands around 0.83 million shares. The average numbers of shares are traded in a security per day, during the recent 3-month period. The stock has relative volume of 1.04. Relative volume is ratio between current volume and 3-month average value, intraday adjusted.
German HSH Nordbank has provided Singapore’s containership owner and operator Rickmers Maritime with a deadline- April 15, 2017 – to present a concept that ensures a “higher level of total recoveries” than under a winding-up scenario of the firm.
Penang Port will collaborate with Royal Caribbean Cruises (RCL) in a joint venture to upgrade and improve Swettenham Pier Cruise Terminal in Georgetown, Penang, to accommodate berthing of larger cruise ships at its facilities. The 60/40 joint venture will be jointly managed by both parties, with the majority stake held by Penang Port.
Zacks Investment Research upgraded shares of Gener8 Maritime Inc (NASDAQ:GNRT) from a sell rating to a hold rating in a research note issued to investors.
Software giant IBM has been a leader in blockchain-based solutions targeting trade finance, launching solutions for Indian Mahindra Group in December 2016, and in partnership with Danish shipping behemoth Maersk.
Despite delivering steadily rising revenue, bears have mauled Seaspan Corporation's (NYSE: SSW) stock over the past few years. They've done so by focusing the market's attention on three things: the turbulent shipping market, Seaspan's massive debt load, and earnings issues on the horizon. Here's a closer look at why they believe these issues will continue to weigh on its stock in the near term.
The steep drop in the price of oil and resultant de-couupling of the link between crude and LNG prices could be the spark that the clean burning gas needs to explode in popularity and result in the development of a true Asian gas market while shipping will play an integral role in this, speakers at Marine Money's 10th Hong Kong Ship Finance Forum said.
What happens if advanced economies remain stuck in a long-lasting funk marked by tepid growth, low interest rates, aging populations and stagnant productivity? Japan offers an example of the impact on banks, and our analysis suggests that there could also be far-reaching consequences for insurance companies, pension funds, and asset-management firms.
The outlook for further interest-rate increases by the US Federal Reserve revives interest in a compelling question: In an increasingly integrated global financial system, how much control do countries outside of the US retain over their economic policies?
Pioneer Marine Inc. and its subsidiaries a leading shipowner and global drybulk transportation service provider announced its financial and operating results for the quarter and year ended December 31, 2016.