Category Archives: Container
The shipping industry’s $350 billion debt
Felix Salmon » Blog Archive » The shipping industry’s $350 billion debt | Blogs |.
The blog post linked above from Reuters reporter Felix Salmon discusses the large amount of bank debt collateralized by ships. With the current glut of ship inventory, if a company goes under the amount the bank realizes from the sale of [...]
Also posted in Dry Bulk, Tanker Leave a comment
Figuring out stock price movement
I received this note in an email:
I listened to the Seaspan investor conference this morning and came away thinking that, as I have for some time, here is a well run company in a tough sector and tough times. I was surprised to see the stock take a drubbing this morning…now down sixty cents or [...]
Horizon Lines 2nd quarter results
Horizon Lines, Inc. – Press Release.
Horizon Lines [[HRZ]] is primarily a U.S. flagged container carrier serving Alaska, Hawaii and Puerto Rico from mainland U.S. ports. The earnings release show the company maintaining a level of profitabilityin their shipping business in a very soft economic market. The opening lines of the press release pretty much state [...]
Quality of Dividends, Part VI
With earning season for the shipping stocks starting next week, I thought I should get through my review of dividend paying shipping stocks. So I will try to finish them up in the next few days.
Safe Bulkers Inc. SB has this on their website concerning the dividend policy:
We paid our first quarterly dividend as a [...]
Also posted in Dry Bulk, Featured, Mixed Leave a comment
Shipping Stocks Returns – Mid-year 2009
What fun! The first 6 months of 2009 are behind us and the stock market rallied strongly in the 2nd quarter. Also, we have the new maritime indices from Capital Link Shipping to compare against the results of my stock tracking.
I am going to put the numbers up and you can decide what is important. [...]
Video of Navios CEO
Navios Holdings CEO Angeliki Frangou discusses the state of the bulk shipping sector with CNBC on June 23, 2009. Also comments from Seaspan CEO, Jerry Wang. The container market comments are very interesting. NM SSW
New Shipping Stock Indices unveiled today
Capital Link Shipping, a New York based investor relations and adivsory firm, today is announcing the launching of a set of indices to track the different classes of shipping stocks. Here is a listing of the new indices:
Capital Link Maritime Index
Capital Link Tanker Index
Capital Link Drybulk Index
Capital Link Container Index
Capital Link LNG/LPG Index
Capital Link Mixed [...]
Also posted in Dry Bulk, Featured, Mixed, Tanker Leave a comment
Quality of Dividends, Part II
Today I will continue onward with my lightweight analysis of the dividend paying stocks in my shipping stocks universe. When you are investigating these stocks it is important to know how they earn their revenues and the general plan of how they turn those revenues into dividend distributions.
I am going through the list of dividend [...]
Interesting results for shipping subsectors
Taking a break from the reviews of earnings reports I thought I would pass along some interesting results for stock returns I am tracking. I am following year-to-date returns for the publicly traded shipping stocks and also break them down by subsectors. Over the last month or so the different sectors have really started separating [...]
Seaspan declares Q4 dividend