Container lines ‘scramble’ to rent more ships amid Red Sea crisis

Houthi attacks have been a plus for shipping rates. The latest to benefit: Owners of container vessels that can be rented to shipping lines.

Container spot rates rocket even higher as Red Sea crisis drags on

Container lines faced overcapacity and huge losses in 2024. Then the Houthis flipped the market in favor of container lines.

Shipping and geopolitical risk: Don’t forget about Korean Peninsula

Amid the focus on wars in Europe and the Middle East, North Korea’s threat to key exporting and shipbuilding nations grows.

Is the Red Sea effect on container shipping being overblown?

Houthi attacks and Red Sea diversions will not spur inflation or a new supply chain crisis, claims consultancy Drewry.

Tidewater surges to 52-week high after posting eight-year high quarterly sales

Tidewater's stock soars despite missing Q4 earnings, as the company plans to boost stock buybacks and forecasts a strong 2024.

ServiceNow And This AI Play Lead 5 Stocks Near Buy Points

ServiceNow and four big recent earnings movers fill out this weekend's watchlist of stocks in or near a buy zone

Tsakos Energy Navigation Sails Past Revenue Estimates Despite Choppy Waters In Q4

Tsakos Energy Navigation Ltd (NYSE:TNP) reported fourth-quarter FY23 Voyage revenue of $220.2 million, down from $270.3 million in the prior ...

Nordic American, Tsakos cut at Jefferies in broadly favorable tanker stock view

Jefferies downgrades Nordic American Tanker and Tsakos Energy to Hold, citing fleet age and debt concerns, but keeps Buy ratings on Frontline, International Seaways and Scorpio Tankers.

Maersk seeks 'flexibility' with orders for 20 ships

A.P. Moller-Maersk has signed contracts for 20 new dual-fuel container ships set for delivery in 2028-2030.