Is diversity always a good thing? Maybe not if you’re talking about shipping stocks
Streetwise takes a look at the debate between public ‘pure play’ listings and those owners who want their fleets to look more like a diner menu
finance
Container rates are ‘like a fighter aircraft that has been shot down’
Collapse in demand presents lines with a huge challenge, while Maersk is the loser from break-up of alliance with MSC, says veteran analyst
Purus Marine brings in BW LPG’s Pontus Berg as fleet boss
Experienced executive will run commercial and technical management division
Landmark Poseidon Principles report shows insurers’ portfolios failing to meet climate targets
Group of eight major players are 12.7% above alignment with 2050 decarbonisation goals
Idan Ofer vehicle Kenon Holdings trims position in liner giant Zim
Outfit has pulled back since March but remains largest holder in New York-listed operator
Livanos launches $398m bid to complete private buy-backs of GasLog LNG firms
Regulator filing says the offer is for $7.70 per share, including a $2.33 per share dividend
Older car carriers more than double in value as Hoegh and Ofer cash in
VesselsValue details remarkable rise in secondhand prices as market booms
Breakpoint: MSC and Maersk to disband huge 2M liner alliance in 2025
Biggest container carriers to go their own way after roller-coaster ride for box freight markets as strategies diverge
Private equity player Oaktree offloads chunk of tanker giant Hafnia in a private sale
US fund cashes in again as higher product tanker rates drive share price up
End of the party looms for car carriers as newbuilding armada awaits
VesselsValue’s Dan Nash argues that 2023 will be the last year of record rates