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Light At End Of The Tunnel For Battered Tanker Trade? | Hellenic Shipping News Worldwide

OPEC+ shocked the market in early March by keeping production cuts in place. Definitely not what the tanker industry wanted to hear. In typical fashion, it was spun as good news for shipping: Spot-rate pressure would be even worse in the near term, but the pain would end quicker as oil inventories drew down faster. . ....

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Light at end of the tunnel for battered tanker trade?

Light at end of the tunnel for battered tanker trade?
Product tankers are recovering more quickly than crude tankers
Better rates could be around the bend (Photo: Shutterstock/Lucas Nightingale)
OPEC+ shocked the market in early March by keeping production cuts in place. Definitely not what the tanker industry wanted to hear. In typical fashion, it was spun as good news for shipping: Spot-rate pressure would be even worse in the near term, but the pain would end quicker as oil inventories drew down faster.
OPEC+ surprised the market yet again in early April this time by finally agreeing to increase production. This is what tanker owners had been hoping and expecting to hear four weeks earlier. ....

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Another one bites the dust: LNG shipping's GasLog to delist | Hellenic Shipping News Worldwide

Another one bites the dust: LNG shipping's GasLog to delist | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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BlackRock, Inc. (NYSE:BLK), SEACOR Holdings, Inc. (NYSE:CKH) - Another One Bites The Dust: LNG Shipping's GasLog To Delist

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More shipowners have come to Wall Street than have left over the past half decade. Yet most of the new arrivals have been micro-cap stocks and some of the recent departures have been big names.
On Monday, liquefied natural gas (LNG) shipping giant
GasLog Ltd. (NYSE: GLOG) announced plans to go private.
The delisting of GasLog follows on the heels of January s definitive agreement to fold
Navios Containers (NYSE: NMCI) into Navios Partners (NMM), December s take private announcement by
Seacor (NYSE: CKH), the delisting of Teekay Offshore s common (but not preferred) units in January 2020 after the takeover by Brookfield Business Partners, and the privatization of DryShips in October 2019. ....

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Capital Product Partners L.P. Announces Fourth Quarter 2020 Financial Results, the Acquisition ...

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Capital Product Partners L.P. Announces Fourth Quarter 2020 Financial Results, the Acquisition .
Capital Product Partners L.P.January 29, 2021 GMT
ATHENS, Greece, Jan. 29, 2021 (GLOBE NEWSWIRE) Capital Product Partners L.P. (the “Partnership”, “CPLP” or “we” / “us”) (NASDAQ: CPLP), an international owner of ocean-going vessels, today released its financial results for the fourth quarter ended December 31, 2020.
Highlights

$7.3 million
$0.38

Agreed to acquire three 5,100 TEU container vessels with five year employment for a total consideration of $40.5 million.
Operating Surplus1 and Operating Surplus after the quarterly allocation to the capital reserve for the fourth quarter of 2020 was $20.7 million and $11.4 million respectively. ....

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