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A worsening oil shortage could cause increased oil purchasing and tanker demand. So, why do I rate Petrobras a sell and DHT a strong buy? Click here to find out.
As the first half of 2022 draws to a close, shipping fortunes are mixed. Container shipping is the biggest winner from a profit perspective while product tankers are the biggest winners in the stock market. Pain at the pump is coinciding with a boom for owners of tankers that carry petroleum products. Freight rates and ...
Recent rapid declines in ocean shipping freight rates are not likely to lead to lower prices on promo products. Meanwhile, the “inventory glut” and demand drop that some retailers are experiencing are not an issue in promo, so far.
Despite surging inflation and waning consumer confidence, Port of Los Angeles Executive Director Gene Seroka sees America’s import boom persisting in the months ahead. “While we’re all cost-minded and we feel it at the pump and at the grocery store, we’re going to continue to buy,” he predicted at a press conference Tuesday, pointing to ...
Bulk commodity shipping stocks kept rising in May even as the broader market fell, offering shelter from the storm. Not so in June. With few exceptions, dry bulk and tanker stocks that previously held up are sinking. Declines for container shipping stocks have accelerated. Shipping stocks have been “unable to escape the torrent,” wrote Clarksons ...