U.S. LNG exports soar
Figures released yesterday by the U.S. Energy Information Administration (EIA) show that monthly U.S. liquefied natural gas (LNG) exports reached record highs in the first half of 2021, averaging 9.6 billion cubic
Markets
Cleaves is still bullish on bulkers
In its latest weekly report, Oslo-headquartered Cleaves Securities, says it “still sees plenty of upside left” for dry bulk operator stocks. Noting that dry bulk shipping has skyrocketed since last October, the
FMC launches ocean carrier audit program
Federal Maritime Commission Chairman Daniel B. Maffei has lost little time in responding to President Biden’s “all of government” executive order aimed at enhancing competition. Among the many targets of the order
Seaways and Diamond S complete merger
New York City headquartered International Seaways Inc. (NYSE: INSW), already one of the world’s largest tanker operators, just got even larger. On Friday, it reported the completion of its previously announced merger
Biden targets detention and demurrage charges
Should containership lines and ocean shipping alliances be getting hot and bothered by President Biden’s executive order aimed at increasing competition in U.S. economy? The only aspect of liner shipping specifically addressed
Zim in second LNG dual-fuel box ship deal with Seaspan
Containership leasing giant Seaspan Corporation, a wholly owned subsidiary of Atlas Corp. (“Atlas”) (NYSE:ATCO),, today reported that it has entered into long-term charters with Haifa, Israel , headquartered ZIM Integrated Shipping Services
Saltchuk Holdings makes offer for OSG
Jones Act tanker and ATB operator Overseas Shipholding Group, Inc. (NYSE: OSG), said today that, “following receipt by the company of a non-binding indication of interest to acquire all of the issued
Seaspan orders another six containerships
Continuing its buying binge, containership leasing giant Seaspan Corporation, a wholly owned subsidiary of Atlas Corp.(NYSE: ATCO), reports that it has entered into an agreement with a major shipyard for six 15,000
MPC Container Ships in $210 million acquisition of Songa Container
In a deal that puts together two Oslo, Norway, headquartered containership operators, MPC Container Ships ASA has agreed to acquire Arne Blystad led Songa Container AS for an aggregate purchase price of
Home Depot charters in own box ship
Home improvement retail giant Home Depot Inc. has been hit so hard by shipping delays that it has chartered in its own containership, according to a CNBC report. “We have a ship