Page 7 - Robert Bugbee News Today

Joeann M. Bessette Burlington - Joeann Marie Bessette, 64, of Burlington, Vermont passed away peacefully at home on December 17, 2021, surrounded...

MONACO, Dec. 10, 2021 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE:NETI) (the “Company”) announced today that the President of the Company, Robert Bugbee, has...

US wind carrier Eneti, formerly Scorpio Bulkers, delivers profit for the second quarter in a row and leaves dry bulk with the sale of the companys last dry bulk vessels.

Talk about the future of ocean shipping and it always comes back to the cycle. When is this horrific tanker down-cycle going to end? Did investors buy the tanker stocks too early? How high can this crazy container-shipping up-cycle actually go? When will containerized cargo shippers ever get relief? Is this finally the start of ...

Environmental regs could extend future dry bulk and tanker upside, while consolidation could change curve of container-shipping cycle.

Operator Hello, and welcome to the Scorpio Tankers Inc., first-quarter 2021 conference call. I would like to turn the call over to Brian Lee, chief financial officer. Please go ahead, sir. Brian Lee -- Chief Financial Officer Thank you, Stephanie, and thank everyone for joining us today. Welcome to the Scorpio Tankers first-quarter earnings conference call. On the call with me are Emanuele Lauro, chief executive officer; Robert Bugbee, president; Cameron Mackey, chief operating officer; Lars D...

Another shipping stock bites the dust as big tanker fleets merge The same cast of characters has been in tanker circles for years. If their company goes bust, they pop up somewhere else. Sometimes they fight with each other. Sometimes they cooperate. Occasionally, they sell their entire fleets to one another (and re-emerge after their non-competes expire). One such rare fleet deal was announced Wednesday morning: New York-based International Seaways (NYSE: INSW) will merge with Connecticut-base...

Capital Link virtual conference panel Both owners and analysts see a positive path ahead for the product tanker market in 2021, particularly in the second half of the year. Lead shipping analyst at Jefferies Inc., Randy Giveans  wrote in his recent research report on the products sector: “We believe refined products tanker rates are on the road to recovery, especially in the latter half of this year as inventories are worked down and markets normalize post Covid-19.” A panelist at Ca...

Scorpio Tankers Inc. Announces Purchase of Call Options by President of the Company March 08, 2021 17:15 ET | Source: Scorpio Tankers Inc. Scorpio Tankers Inc. New York, New York, UNITED STATES MONACO, March 08, 2021 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced that the President of the Company, Robert Bugbee, has purchased call options on an aggregate of 210,000 common shares (or 2,100...

All eyes turn to timing of tanker rate resurrection Crude tankers are seeing “classic signs of recovery.” “Newbuilding orders are extremely low. Orders this year are the lowest in 25 years.” On the product-tanker side of the equation, “refineries are shutting down so products are being shipping from further away, which is very interesting from a ton-mile point of view.” Those quotes are from a shipping conference in New York in 2011, a full decade ago. A few quotes circa-2017: “Ne...