The outlook for cruise stocks is still “more positive than not,” according to JPMorgan analyst Daniel Adam, but given macroeconomic and financial concerns in the sector, not all names are worth buying...
Tag: Shipping
Shipping Giant Ditches IBM Blockchain as Commercially Unviable
Maersk announced it would start phasing out its blockchain-based supply chain solution TradeLens it had created in partnership with IBM. Maersk and IBM said they would start withdrawing TradeLens offe...
VinFast is shipping 999 of its electric vehicles to California as the Vietnamese company looks for a place in the U.S. market
Brace yourself, America; VinFast is on the way. The Vietnam-based electric vehicle maker is taking the slow boat to California as it sends its first batch of 999 VF 8s, the company’s 5-seater el...
Lordstown Motors begins shipping its Foxconn-made EV pickup trucks
Lordstown Motors has starting shipping its all-electric Endurance pickup trucks manufactured by Foxconn, a milestone that seemed impossible earlier this year. Lordstown Motors, which has experienced i...
Cloud software is suffering a cold November rain. Can Snowflake and Salesforce turn it around?
The week after Thanksgiving could determine if cloud software is still too fat or if there are some tasty leftovers for Wall Street. Autodesk Inc. ADSK, +1.82% signaled a slowdown in business spending...
Where to Get Yields of 10% and Up, if You Can Stomach a Little Risk
The $280 billion convertibles sector is replete with 10%-plus yields on many issues. There is a risk in these high-yielders, but they can offer nice appreciation potential and a good alternative to th...
Interview With Hussein Karaki – Seaside Club: Shipping Lane to Success
Advertisement     Recently Hussein Karaki gave an interview about Seaside Club, its origins, and its main benefits. As more information about the project appears in th...
Norwegian Cruise Stock Falls After a Rare Double Downgrade
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ZIM Integrated Shipping Q3 Earnings Exceed Expectations
ZIM Integrated Shipping Services Ltd (NYSE: ZIM) reported third-quarter FY22 sales growth of 3% year-on-year to $3.23 billion, beating the consensus of $3.18 billion. Carried volume in Q3 was 842 thou...
Southern California’s Notorious Container Ship Backup Ends
The backup of container ships off Southern California’s coast that was at the heart of U.S. supply chain congestion during the Covid-19 pandemic has effectively disappeared. The queue of ships waiting...
Threat of rail strike has supply chain ramping up contingency plans
An aerial view of shipping containers and freight railway trains ahead of a possible strike if there is no deal with the rail worker unions, at the BNSF Los Angeles Intermodal Facility rail yard in Lo...
After two years of shipping snarls, things are starting to turn around
After two years of port congestions and container shortages, disruptions are now easing as Chinese exports slow in light of waning demand from Western economies and softer global economic conditions, ...
Cruise stocks soar to pace the S&P 500, as Norwegian is upgraded to buy
Shares of cruise operators were the top-3 gainers in the S&P 500 SPX, -0.33% in afternoon trading Wednesday, with Norwegian Cruise Line Holdings Ltd. NCLH, +11.61% getting bullish backing from UBS...
One of the world’s biggest container shipping companies is ‘too compelling to ignore,’ says analyst
With valuation at a trough and a dividend lined up for 2022, A.P. Moeller-Maersk is “too compelling to ignore” and investors should buy the shares. That’s according to analysts at Berenberg, who upgra...
Google Shows Off New Pixel 7 Smartphones, Will Start Shipping on October 13th
Google treated observers to the features of its new Pixel 7 and Pixel 7 Pro Android smartphones, as well as smartwatch. Alphabet Inc/Google (NASDAQ: GOOGL) recently showcased its new Pixel 7 smartphon...
Genco Shipping CEO sees positive signs out of China despite shipping rates falling
A notable consumer pullback is cropping up in ocean shipping, as evidenced by the constantly falling shipping rates across the world. The Shanghai Containerised Freight Index (SCFI) hit 1,922.95 point...
Ocean shipping orders are signaling a big drop in consumer demand
For the marine shipping industry to cut its carbon footprint in half by 2050, promising technology will need to become reality, and efficiency gains will need to increase as well. Lucy Nicholson | Reu...
These 20 stocks in the S&P 500 tumbled between 20% and 30% in September
Stocks declined again on Friday, closing out September with large losses across the board as the rally from the June lows partway through August faded into memory. The S&P 500 SPX fell 1.5% on Fri...
Norwegian Stock Is a Buy, Royal Caribbean Is a Sell, Says Analyst. Here’s Why.
Norwegian Cruise Line Holdings has strong growth opportunities, while Royal Caribbean Group will be dealing with near-term funding requirements, according to a J.P. Morgan analyst. Daniel Adam assumed...