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?
Shares of American Capital Agency Corp. (NASDAQ:AGNC) closed at $20.05 in last trading day. After noting the initial trading entry at $19.91, it reached to a day’s high of $20.07 and moved to a day’s low of $19.85. The recent daily volume was 2.67 million as contrast to it’s an average volume of 2.9 million.
Seanergy Maritime Holdings Corp. (the "Company") ( NASDAQ : SHIP ) announced today that it has entered into an agreement with an unaffiliated third party for the purchase of a secondhand Capesize vessel, with a cargo-carrying capacity of 179,213 deadweight tons ("dwt"). The vessel was built in 2012 at Hyundai in South Korea.
Ship Finance International Limited announced its preliminary financial results for the quarter.
Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?
Engineers Gate Manager LP increased its stake in shares of Ship Finance International Limited (NYSE:SFL) by 3.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,986 shares of the shipping company’s stock after buying an additional 2,439 shares during the period. Engineers Gate Manager LP owned about 0.07% of Ship Finance International Limited worth $1,029,000 at the end of the most recent quarter.
Dubai is looking into creating a $1 billion investment fund focused on shipping to develop the Gulf city's maritime sector and ride out a global industry downturn, three finance sources familiar with the plans say.
ProVise Management Group LLC continued to hold its position in Ship Finance International Limited (NYSE:SFL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,500 shares of the shipping company’s stock at the end of the first quarter. ProVise Management Group LLC’s holdings in Ship Finance International Limited were worth $257,000 at the end of the most recent reporting period.
Norges Bank acquired a new stake in shares of Ship Finance International Limited (NYSE:SFL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 114,243 shares of the shipping company’s stock, valued at approximately $1,697,000. Norges Bank owned approximately 0.12% of Ship Finance International Limited at the end of the most recent reporting period.