Category Archives: Tanker
Here is how the various Baltic Exchange shipping indices fared for the week ending 14 August.
Baltic Dry Index (BDI): -10.3%
Baltic Capesize Index (BCI): -14.4%
Baltic Panamax Index (BPI): -6.1%
Baltic Supramax Index (BSI): +1.4%
Baltic Handysize Index (BHSI): -0.7%
Baltic Dirty Tanker (BDTI): +5.2%
Baltic Clean Tanker (BCTI): -4.2%
Here are the results of the corresponding stock indices, courtesy of Capital [...]
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Baltic Indices for Last Week
Here is how the various Baltic Exchange shipping indices fared for the week ending 14 August.
Baltic Dry Index (BDI): -0.7%
Baltic Capesize Index (BCI): +5.9%
Baltic Panamax Index (BPI): -8.0%
Baltic Supramax Index (BSI): -7.1%
Baltic Handysize Index (BHSI): -0.4%
Baltic Dirty Tanker (BDTI): +0.6%
Baltic Clean Tanker (BCTI): -2.8%
Here are the results of the corresponding stock indices, courtesy of Capital [...]
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Baltic Indices for Last Week
Here is how the various Baltic Exchange shipping indices fared for the week ending 7 August.
Baltic Dry Index (BDI): -17.3%
Baltic Capesize Index (BCI): -17.5%
Baltic Panamax Index (BPI): -18.3%
Baltic Supramax Index (BSI): -11.6%
Baltic Handysize Index (BHSI): -6.1%
Baltic Dirty Tanker (BDTI): +0.0%
Baltic Clean Tanker (BCTI): -0.7%
Here are the results of the corresponding stock indices, courtesy of Capital [...]
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Nordic American Tanker declares dividend
Nordic American Tanker NAT has released its usual cryptic quarterly earnings report. The quarterly dividend will be 50¢ compared to 88¢ in Q1. Average daily charter rate was $26,300 for the quarter. The press release noted the Imarex Tanker index reported an average of $20,500 per day for Suezmax tankers, with a low of $9,500 and a [...]
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Overseas Shipholding Group quarterly earnings
http://ir.osg.com/2009Q2earnings
The 2nd quarter earnings for Overseas Shipholding Group OSG are a wake-up call for the tanker group. Net income for the 2nd quarter was a loss of 33¢ per share compared to a $2.81 a year earlier. Spot VLCC TCE rates fell from $98k per day to $32k, knocking almost $140 million or 35% out of revenues.
OSG [...]
Golar LNG splitting up operations
http://www.golarlng.com/Stock_Exchange_Releases/Press_Releases.html
The last time I wrote about Golar LNG [[GLNG]], they were discussing spinning off the development side of their business from the money making side. The press release above makes the move formal. A new subsidiary will be formed called Golar LNG Energy Limited. It will hold the assets that are currently “such part of [...]
Baltic Indices for Last Week
Here is how the various Baltic Exchange shipping indices fared for the week ending 31 July.
Baltic Dry Index (BDI): +0.1%
Baltic Capesize Index (BCI): +4.2%
Baltic Panamax Index (BPI): -9.7%
Baltic Supramax Index (BSI): -0.4%
Baltic Handysize Index (BHSI): +0.9%
Baltic Dirty Tanker (BDTI): -1.3%
Baltic Clean Tanker (BCTI): +4.7%
Here are the results of the corresponding stock indices, courtesy of Capital [...]
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OSP to pay distribution
OK, I missed this one this morning. OSG America L.P. OSP declared a 2nd quarter distribution of 37.5¢ for the 2nd quarter. The record date is August 7. My first clue was when I looked at the stock price and it was trading for $8.40 per share. Tough to get there when the mother company [...]
Interesting move by OSG
http://ir.osg.com/phoenix.zhtml?c=82053&p=irol-newsArticle&ID=1313976&highlight
Overseas Shipholding Group OSG has announced they want to purchase the remaining units of OSG America L.P. OSP. The offer is for $8.00 per share, about 12% above the recent average price. The reason for the purchase is interesting and shows the company’s interest in their shareholders:
Morten Arntzen, President and CEO said, “While we continue [...]
Interesting news from Nordic American Tanker