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Grindrod Shipping (NASDAQ:GRIN) Cut to "Hold" at Zacks Investment Research

Grindrod Shipping (NASDAQ:GRIN – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, Zacks.com reports. According to Zacks, “Grindrod Shipping Holdings Ltd. owns and operates a diversified fleet of owned, long-term chartered-in and joint-venture owned drybulk and liquid-bulk vessels. […]
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Automotive Artificial Intelligence Software Market Share, Growth Rate (CAGR), Historical Data and Forecast 2028

A report was released recently that sheds lots of light on the Automotive Artificial Intelligence Software Market. The report covers an overview of the industry
United States Asia Pacific Automotive Artificial Intelligence Software Technical Data Analysis Data Library Research Automotive Artificial Intelligence Software Market Automotive Artificial Intelligence Software Market Data Analysis

Panama Canal Authority suspends Neopanamax locks 49.5-foot draft restriction | Hellenic Shipping News Worldwide

The 49.5-foot draft restriction for the Neopanamax locks at the Panama Canal has been suspended, effective immediately and until further notice, according to a recent advisory by the Panama Canal Authority, or ACP. The maximum draft at the Neopanamax locks had previously been reduced to 49.5 feet, or 15.09 meters, effective March 24. The updated ...
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MR freight earnings surge 63.5% amid oil market driven product tanker dislocations: Ardmore

Dislocations in product tanker positions driven by the Russia-Ukraine conflict amid low levels of global product inventories and a seasonal surge in South American diesel demand boosted Ardmore Shippingโ€™s Medium Range time charter equivalent values 63.5% for the second quarter with 50% fixed to $25,500/d from the $15,600/d earned during the first quarter, the company ...
United States United Kingdom Anthony Gurnee Paul Tivnan European Union European Commission

Asian Aframaxes at 2-year high as US replaces Russian fuel oil with Asian origin

Aframax freight rates in Asia have hit a two-year high on tight supply as the US started importing cargoes from the Persian Gulf and the Red Sea after it stopped buying Russian fuel oil, market participants said April 27. Monthly US imports of fuel oil and vacuum gasoil, or VGO, from the Persian Gulf and ...
Saudi Arabia Red Sea Djibouti General United Kingdom Saudi Aramco Persian Gulf

Asia-US jet fuel flows improve on rising air travel, face freight-related headwinds

Flows of jet fuel exports from East Asia to the US have been on the rise over the last few months as airlines step up flights to meet growing travel demand amid easing of border restrictions, but market participants cautioned that escalating freight rates in recent weeks were putting a dent on arbitrage economics. So ...
Red Sea Djibouti General United States South Korea Los Angeles International Air Transport Association

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