SHansche The UP World LNG Shipping Index (UPI) lost 1.92 points or 1.24% last week, reaching a closing value of 152.38 points. This index monitors the stocks of companies that specialise in LNG shipping. In contrast, the S&P 500 (SPX) index, representing US stocks, gained 0.55%. The image below displays both indices. Week 19-2024: Chart…
Alexey_Lesik Note: I have covered Grindrod Shipping Holdings Ltd. (NASDAQ:NASDAQ:GRIN) previously, so investors should view this as an update to my earlier articles on the company. Grindrod Shipping Holdings Ltd. or “Grindrod Shipping” is a medium-sized dry bulk shipping company focused on the smaller, geared vessel classes. In late 2022, major shareholder Taylor Maritime Investments…
nattrass The solar sector has faced a brutal year as demand surged in 2022 following the Russian invasion of Ukraine and the globe fell under heightened energy concerns, especially in Europe. SolarEdge Technologies (NASDAQ:SEDG) has now faced an extended period of weak sales and even lower product shipments due to excess channel inventory. My investment…
-/AFP via Getty Images ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) investors have experienced a significant surge over the past two months since it bottomed out in December 2023 at the $6.40 level. That bottom followed ZIM’s disappointing third-quarter earnings release that saw a massive reversal of fortunes for the asset-light shipping company over the past…
Camille Delbos/Art In All of Us/Corbis News via Getty Images Listen here or on the go via Apple Podcasts or Spotify. J Mintzmyer explains the ins and outs of the shipping sector (3:00). Why the Suez Canal and Red Sea matter so much to the industry (5:50). Investment opportunities in tankers and containerships (14:20). Why…
MarioGuti UK business activity growth accelerated for a third straight month in January, according to early PMI survey data, marking a promising start to the year. The survey data point to the economy growing at a quarterly rate of 0.2% after a flat fourth quarter, therefore skirting recession and showing signs of renewed momentum. Businesses…
SHansche/iStock via Getty Images Introduction Safe Bulkers (NYSE:SB) is another mid-size bulk carrier company. It is an exciting proposition with its fleet of 46 vessels at an average age of ten years. Twenty-two ships are equipped with scrubbers, and 100% have a ballast water treatment system. SB has a solid balance sheet with 57% total…
Shaiith/iStock via Getty Images Introduction Pangaea Logistics (NASDAQ:PANL) is a curious shipping company. It has 26 vessels, 12 of which are ice class, and operates primarily on voyage charters and contracts of affreightment (COA). On top of that, the company owns stevedoring services in a few locations in North America and Greenland. PANL has a…
Daniel Wright Note: I have covered ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) previously, so investors should view this as an update to my earlier articles on the company. In a surprise twist of fate, Israel-based liner company ZIM Integrated Shipping Services Ltd. (“ZIM”) appears to be among the greatest beneficiaries of the ongoing Houthi attacks…
alvarez The liquefied petroleum gas shipping industry has risen steadily since 2020 and is forecasted through 2028 to grow at a CAGR of about 7.3%. The outlook looks solid, largely due to the expected boom in demand from Asia, which accounts for 60% of global seaborne volumes. Asian LP Gas Import Demand (Dorian, LPG November…
Kris Hoobaer/iStock via Getty Images Dear readers/followers, In this article, I’m going to be updating on Hamburger Hafen (OTC:HHULF). In conjunction with the last published quarterly report and other news, the company gave a massive bounce, which also means that my stake in the company is currently at a solid “green” in terms of returns….
AegeanBlue Introduction Diana Shipping (NYSE:DSX) is a shipping company that owns and operates bulkers. It has 42 vessels with a 10.5-year average age. The fleet utilization has been 99-100% over the last two years. Only 2% of the fleet has scrubbers. The primary focus is iron ore and coal transport, meaning DSX revenues depend heavily…
bfk92 Investment Thesis ZIM Integrated Shipping Services Ltd. (NYSE:ZIM), the Israeli container shipping company, has been through a tough roller coaster since its IPO back in January 2021. Debuting at $15.00 a share, then reaching an all time high of $88.62 only 14 months later, only to plummet ~93% to an all time low of…
landbysea Note: I have covered Star Bulk Carriers Corp. (NASDAQ:SBLK) and Eagle Bulk Shipping Inc. (NYSE:EGLE) previously, so investors should view this as an update to my earlier articles on these companies. Back in June, Eagle Bulk Shipping Inc. or “Eagle” announced the repurchase of close to 3.8 million shares from Oaktree Capital Management (“Oaktree”)…
alvarez I have noticed that Genco Shipping (NYSE:GNK) is a tempting prize among investors. As a successful turnaround and with its recently high dividend yield, many perceive another investment to boost their income and perhaps even enjoy capital appreciation along the way. Yet, a bet on GNK is not a bet on shipping in general….
Daniel Wright Note: I have covered ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) previously, so investors should view this as an update to my earlier articles on the company. On Wednesday, Israel-based liner company ZIM Integrated Shipping Services Ltd. (“ZIM”) reported weak quarterly results and lowered its profitability outlook for the second time this year due…
thitivong The market has been kind to shipping company ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) this year as its stock price has plunged from a 52 week high of $29.38 all the way down to $9.17 as of yesterday’s close. The shipping company lowered its expectations for 2023 adjusted EBITDA in the second quarter, implying…
bombermoon/iStock via Getty Images Instead of an investment thesis The last time I wrote about Genco Shipping & Trading Limited (NYSE:GNK) was in early April. Since then, the stock price has fallen 1.4%, while the total return has been a measly 0.73%, while the S&P 500 (SPX) (SP500) has risen 6.14%: Seeking Alpha Nevertheless, I…
cogal/E+ via Getty Images GNK’s Dry Bulk Investment Thesis Remains Robust, Thanks To The Highly Competent Management We previously covered Genco Shipping & Trading Limited (NYSE:GNK) in May 2023, discussing its balance sheet improvement and excellent dividend payouts during the hyper-pandemic windfall. However, the recent easing in global supply chain issues had triggered the stock’s…
It appears financial services giant Block is closer to going public with its first Bitcoin hardware wallet product. Teased yesterday by a beta tester, the images offer a first glimpse of Block’s new Bitcoin hardware wallet, first announced in 2022, and reveal a small hexagon-shaped device complete with a fingerprint censor, which adds an extra layer of…
IgorSPb While Ardmore Shipping (NYSE:ASC) has returned about 5% since my last write-up in May, the stock is still down -15% since my initial write-up in April. Let’s catch up on the name and how product tanker spot rates are holding up. Company Profile As a refresher, ASC operates a fleet of 27 mid-sized refined…
Eagle Bulk Shipping Inc. (NYSE:EGLE) Q2 2023 Earnings Conference Call August 4, 2023 8:00 AM ET Company Participants Gary Vogel – CEO Costa Tsoutsoplides – CFO Conference Call Participants Omar Nokta – Jefferies Greg Lewis – BTIG Liam Burke – B. Riley Financial Poe Fratt – Alliance Global Partners Operator Good day, and welcome to…
Amid muted global macroeconomic growth and mounting pressure from higher interest rates, Maersk revised its profit forecast for the whole year. AP Moeller Maersk, a significant player in the container shipping industry, is bracing for a challenging year ahead as global economic growth remains subdued and container rates continue to face headwinds. The company reported…