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Keep informed with daily analysis and insight into shipping’s relationship with financial markets including company results, credit reports and investment decisions

FrontNav — a tanker giant 20 years in the making?

By purchasing shares ahead of any potential merger, Mr Fredriksen’s strategy looks like a familiar play of creating volatility around the share price. It remains to be seen whether he will follow through on his previous tactic of pulling out at a profit and then wait to see what happens between now and the next Euronav AGM, or push ahead with another round of M&A discussions

Tankers and Gas Finance

‘Asset light’ BP Shipping trims tanker losses

Private subsidiary of oil major BP reveals $90.2m loss in 2020

Europe United Kingdom

Braemar trading ahead of expectations as growth strategy kicks in

‘Our investment into dry cargo and securities in the past three years has seen the business swing. We now have more equilibrium on the pie chart, which I wanted,’ says chief executive 

International Tankers and Gas

Capesize futures point to correction as trading volumes jump

Steep backwardation into next year could be a sign of an impending correction, although the first quarter tends to be the weakest in any case. The timing and extent of the fall is debatable, however

Dry Bulk Capes

LNG carrier rates skyrocket amid energy demand surge

All routes are above $100,000 per day, according to the Baltic Exchange. The biggest gain has come from the Australia-Japan voyage, which is edging closer to the $200,000 mark

Tankers and Gas LNG

Capital Product lines up Greek bond to fund fleet expansion

Competitive pricing of first mainstream shipping bond in 2021 virtually guaranteed further interest from sector

Greece Containers

From lay-up to order boom: Car carriers race to replace flagging fleet

Global auto sales are still hobbled by the current supply deficit in microchips, but even with such headwinds pent-up cargo demand is revving up the under-supplied sector with current orders not hitting the water until 2024

International Roro

Fredriksen tightens grip on Avance Gas

The offer to buy Avance Gas shares at NKr43 per share ends on Tuesday. As it stands, Hemen Holding, a John Fredriksen unit, will own more than 60% of the shares

Tankers and Gas Finance

Pandemic impact behind secondhand vessel price increase

‘The days when owners would buy ships fresh from the yards, keep them for many years and trade them as part of the business are certainly reduced. People are now seeing the benefits of asset play in a more emphatic way,’ according to Macheras

International Containers

Matson sees profits rising well into 2022 off China trade

Company expects conditions of supply-chain congestion, inventory restocking, peak season, and ongoing elevated consumption trends to remain largely in place at least to the middle of next year

Asia Pacific China

Golden Ocean adds to orderbook

The company also announced the sale of two of its older panamaxes, proceeds of which will be used for the new kamsarmaxes, which are expected to be delivered from the unidentified Chinese yard in the second half of 2023

Dry Bulk Sale and Purchase

Mixed views on box shipping prospects as Cosco profits hit new high

US retail inventory has returned to pre-pandemic levels, while consumer spending on goods has shown signs of a dip. Slowing cargo demand could release more carrying capacity. This could mean that freight rates lose their main support from the logistics bottleneck at some point next year 

Asia Pacific Containers