New York shipping stocks buck trend of falling market indices
Tanker and LPG carrier gains help pace outperformance in market roiled by Ukraine and inflation fears
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March 2022
As Ukraine Evacuates Trapped Seafarers, Foreign Mariners Count Cost of War
Bangladeshi seafarer Asiful Islam recalls the moment when a missile struck his cargo ship last week off the Ukrainian port of Olvia, killing his crew mate.”I was just 15 feet away when it hit our ship. Our third engineer, Hadisur Rahman, who was killed…
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Global Ship Lease to pay off $28.5m in bonds, leaving ‘plenty of cash’ for shareholders
Share buybacks would be ‘most accretive use of free cash’, Jefferies analyst Randy Giveans says
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Baltic Index Gains on Higher Rates for All Vessels
The Baltic Exchange’s dry bulk sea freight index rose on Monday, helped by higher rates in all vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 87 points to 2,235 points, its…
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Meet SHADOWLARK: The $10M Personal Vessel Plus Submarine Package
SHADOWCAT and Triton Submarines have collaborated to develop and introduce a new Launch and Recovery Craft (LARC) dubbed SHADOWLARK. Designed by Incat Crowther, SHADOWLARK is a package priced under $10m for delivery in less than 14 months, a…
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