Tanker stocks rose as expected in 2023, container shipping shares surprised to the upside, and dry bulk stocks lagged the pack.
Shipping stocks are under pressure as some ocean carriers show faith in military protection from Red Sea attacks.
Zim’s headline loss looks ugly, but most of the decline was non-cash and it still has ample reserves to weather the downcycle.
A fleet of container vessels is up for sale as a company backed by Greece’s Evangelos Marinakis switches its bets to LNG shipping.
Investors have been burned for years by dilutive share offerings by micro-cap shipowners. Backlash is building.
Have shipping stocks been a good bet? Here’s a look at their performance year to date and versus pre-COVID.
Average CEO compensation rose as ocean shipping company earnings increased, fueled in many cases by share-based compensation.
Unprecedented supply-demand imbalances amid the pandemic led to historic dividend payouts by container shipping lines.
Zim lost $213 million in the second quarter. Will rising trans-Pacific spot rates help it reverse course in the third?
Investors in Danaos thought they were buying a container shipping stock. Now they’re invested in dry bulk, too.
Despite upgrading its full-year outlook, container shipping giant Maersk no longer sees a second-half demand rebound.
Asian demand for propane continues to build, as does US supply, equating to booming business for LPG tanker owners in the middle.
Shipping lines are seeing higher cargo volumes and successfully integrating newly built vessels into their fleets, says Textainer’s CEO.
Despite ongoing controversy over shareholder treatment, analyst Michael Webber says shipping is doing a better job.
After rapidly expanding its fleet during the boom, ocean carrier Zim is backpedaling and shedding ships.
Expectations for peak season have waned, but container lines may have bounced off the bottom.
Shipping stocks in sectors with high deliveries of new ships are doing better than those with low orderbooks.
Sluggish demand is capping shipping lines’ income. In response, at least one carrier is reportedly moving to limit losses on legacy charters.
Concerns over highly dilutive share offerings by microcap shipowners have been building for years. The debate just intensified.
Trans-Pacific spot shipping rates remain under pressure, slumping back again as U.S. import demand comes up short.
The International Energy Agency predicts Asia will buy growing volumes of U.S. crude through 2028. That’s good news for supertanker demand.
Five years after bringing dry bulk freight futures to the masses, Breakwave makes a splash in tanker investing.
Large liquefied petroleum gas tankers are riding high on rising U.S. exports and higher Chinese import demand.
Zim outperformed competitors on the way up and is falling faster than other carriers on the way down.
Europe faced a potentially disastrous energy shortage after war broke out. LNG shipping played a vital role in limiting the fallout.
Outsize profits are still flowing to companies like Danaos and Costamare that lease ships to container lines.
The CEO of shipping line Hapag-Lloyd argues that current freight rates are unsustainable and will correct upward over time.
Is the sharp decline in shipping stocks a canary in the coal mine or an opportunity for investors to buy the dip?
Tanker investors have been disappointed before. Is the current stock pullback a bump in the road or something more?
As new container ships flood the market amid weak demand, Drewry expects low freight rates to persist through 2024.
Jefferies’ Omar Nokta believes container shipping investors are starting to look toward “the end of the destock and beginning of the restock.”
First-quarter numbers from container lines Cosco, OOCL and Evergreen show lingering upside from the tail end of the boom.
Despite a collapse in freight rates, container shipping is not behaving like an industry facing an imminent crisis.
Crude production cuts are inherently bad for tanker shipping, but analysts are downplaying the fallout.
The trend in container shipping is summed up by the adage, “The higher you climb, the further you have to fall.”
The lineup of shipping stocks is in flux. There are multiple new listings as well as notable departures.
Container shipping just experienced a record boom. Some believe crude and product tankers are poised to follow suit.
Tanker capacity for diesel is already tight amid war fallout. With very few ships on order, future transport capacity could fall short.
Quarterly net losses could be around the corner for container lines, but EBITDA will stay high even if carriers dip into the red.
With virtually no new ships on order and demand strengthening, the tanker business seems poised for a bull run.
Shipping lines like Hapag-Lloyd have suffered sharp rate falls from the peak, but they’re nowhere near financial distress.
Charter rates are far below the peak but higher than pre-COVID as liners continue to sign new container-ship leases.
The Baltic Dry Index has fallen 91% since October 2021 to one of its lowest levels ever, yet shipowners remain confident.
The reversion in spot rates is pulling down contract rates, with a significantly delayed effect on ocean carrier earnings.
Russian crude restrictions are having the predicted effect on tanker trades, soaking up more vessel capacity as sailing distance lengthens.
Are falling commodity shipping spot rates the result of normal seasonality or a symptom of global economic malaise?
Sanctions on Russian crude exports have yet to boost tanker rates. Some question whether sanctions on Russian diesel will either.
Just as the pandemic wound down, another market-altering event for shipping — the Ukraine-Russia war — ramped up.
Hopes that China will relax its zero-COVID policy are fading, raising concerns about shipping volume fallout.
Stratospheric LNG shipping rates offer a lesson on the do’s and don’ts of measuring earnings momentum.
Global energy trades face even more tumult ahead. “This could get crazy,” says Scorpio Tankers’ Robert Bugbee.
Earnings for Zim, the world’s 10th largest ocean carrier, peaked in the first quarter and continue to slide as rates fall.
Some VLGCs carrying propane and VLCCs carrying crude have joined LNG carriers in shipping’s six-figures-per-day club.
Europe must replace all seaborne crude imports from Russia within the next few weeks. Crude tanker owners stand to gain.
Maersk’s guidance implies fourth-quarter earnings will plunge 39% compared to the third-quarter peak.
Product-tanker share prices are up triple digits year to date as investors position for sanctions upside.
The world’s seventh-largest ocean carrier expects profits to fall, yet its projections remain vastly higher than pre-COVID levels.
Spot rate indexes look like they’re stabilizing — at least temporarily — after double-digit plunges in August and September.
Rolf Habben Jansen, CEO of ocean carrier Hapag-Lloyd, gives his take on the “bullwhip effect,” rates and global trade.
As container shipping stocks get battered by collapsing rates, tanker shares could be poised for a long bull run.
New disclosures by Asian ocean carriers confirm that container shipping lines remain extraordinarily profitable.
Supply-demand dynamics that supercharged pandemic-era rates are now “exactly the opposite,” says Maersk CEO Soren Skou.
Container lines are pulling back fast from the ship-leasing market, signaling less confidence in future freight income.
Container shipping rates — particularly from Asia to the U.S. — are still falling hard and show no sign of finding a floor.
Tanker stocks are proving to be a shelter from the Wall Street storm as demand grows for ships that transport oil and natural gas.
Spot container rates for U.S.-bound cargoes are falling fast, yet import numbers at U.S. ports remain near their peak.
Shipping volumes are weakening in and out of China. Is this a temporary pullback or a sign of more serious trouble ahead?
Container and dry bulk shares soared last year, leaving tanker stocks behind. This pattern has now reversed.
Just two supertankers have been ordered in the past 14 months, raising the risk of a future shortfall in oil transport capacity.
The Russia-Ukraine war caused demand for LNG to surge. Owners of LNG carriers are in prime position to profit this winter.
Trans-Pacific spot container shipping rates continue to head lower. Zim appears more at risk than some of its rivals.
Rates and sentiment in dry bulk shipping have fallen hard. Economic pressures in China appear to be a major culprit.
The latest shipping company poised to delist has a market cap of $3.5 billion. The latest new entrant’s market cap is under $20 million.
Tankers stocks are doing great. Dry bulk and container stocks temporarily stopped the bleeding. “Maxim stocks” still underperform.
Port congestion and voyage cancellations by shipping lines are preventing a steeper slide in spot container freight rates.
It looks increasingly likely that war-driven changes to global crude flows will persist for an extended period.
Container shipping giant Maersk sees continued strength in U.S. imports and ongoing supply chain disruptions globally.
Shipping lines are still racking up extraordinary profits. Hapag-Lloyd forecasts continued strength in the second half.
Last year was historically strong for some maritime businesses, terrible for others. No matter what the sector, maritime CEOs made millions.
In the second quarter, new highs were set for Cosco profits, OOCL revenue per container, and Evergreen operating revenues.
A shipping researcher dubbed July 1 “Bloody Friday” due to a large drop in stock prices for several shipping companies.
Container shipping rates remain far above pre-COVID levels, yet there are more signs of prices easing.
The first half has been phenomenal for product tankers. How much of shipping upside is due to the war?
Bulk commodity shipping stocks held up well before this month. Now they’re falling alongside container shipping stocks.
It has been a terrible year for the stock market, a great one (so far) for product tanker and dry bulk shipping stocks.
Zim continues to outpace growth rates of rival container shipping lines, but investor demand fears are on the rise.
Shares of ocean shipping companies have given back much of their 2022 gains after another big sell-off.
The pain at the pump keeps getting worse. Bad news for consumers. Good news for owners of refined product tankers.
‘Right now, we don’t see a huge buildup of volumes because of the closedown in Shanghai,’ reports Maersk CEO Soren Skou.
New container prices, new production, lease rates, lease durations and used container prices are all down.
New reports from Maersk, Kuehne+Nagel and Drewry point to an ongoing boom for container shipping lines.
Retail stock pickers seem increasingly nervous about shipping. Shares of dry bulk, tanker, container and mixed-fleet owners all fell.
Tanker, bulker and LNG shipping stocks rise as domestic freight and container stocks face pressure.
America’s largest container port, Los Angeles, just posted the best March and best first quarter in its history.
The biggest deal in tanker shipping history would merge Euronav and Frontline, but consolidation is no panacea.
Charter rates hold steady at their peak as the seemingly neverending container shipping boom continues.
U.S. LNG cargoes were already flooding toward Europe months before the new deal. Real progress seems years away.
Some shipping shares are rising because of war tailwinds. Others are rising despite war headwinds.
Liner company Zim expects to rake in a billion dollars more this year than in record-setting 2021.
The cost of the fuel consumed by the world’s commercial ships has skyrocketed — and it’s still rising.
