It seems odd to be analyzing the best shipping stocks on a day when the second read of second quarter GDP should convince nearly any lingering skeptic that the U.S. economy is in a recession. Furthermore, that recession is likely to last well into 2023 and come with a much harder landing than the Federal Reserve would like. In addition, with shipping rates down from record levels, it’s not surprising that many shipping stocks have been whacked hard in 2022. But that may be an opportunity. According to the International Chamber of Shipping, 90% of world trade flows through the maritime shipping industry. That industry is headed by publicly traded companies. This is an extremely volatile sector, but it’s essential to the world’s supply chain. Still, when looking for the best shipping stocks, investors should consider the companies with strong balance sheets and a proven track record or competitive advantages in the sector. Here are seven of the best shipping stocks for investors to consider.
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Read more to see how by combining GSL''s common and preferred shares, one can build the ultimate high-income setup.
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Global Ship Lease Inc New found using ticker (GSL) have now 4 analysts covering the stock. The analyst consensus points to a rating of ''Strong_Buy''. The target price ranges between 38 and 25 calculating the mean target price we have 32. With the stocks previous close at 19.74 this indicates there is a potential upside of 62.1%. The day 50 moving average is 18 and the 200 day moving average is 22.34. The market capitalisation for the company is $706m. You can visit the company''s website by visiting: https://www.globalshiplease.com [stock_market_widget type="chart" template="basic" color="green" assets="GSL" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,145m based on the market concensus. Global Ship Lease owns and charters containerships of various sizes under fixed-rate charters to container shipping companies. As of March 10, 2022, it owned 65 mid-sized and smaller containerships with an aggregate capacity of 342,348 twenty-foot equivalent units.
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Danaos and Global Ship Lease own and operate the vessels, which serve as the backbone for global trade. Read why DAC and GSL continued to expand their contract backlog.
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Global Ship Lease has a resilient charter backlog and improving balance sheet that back its high dividend yield. Read more to see why GSL offers a strong yield.
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Global Ship Lease is trading at a huge discount to adjusted NAV. See why I think GSL stock provides asymmetrical risk-reward with substantial upside optionality.
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In recent trading session, Teekay Corporation (NYSE:TK) saw 1.3 million shares changing hands at last check today with its beta currently measuring 0.90. Company’s recent per share price level of $3.66 trading at $0.29 or 8.75% at last check today assigns it a market valuation of $330.43M. That most recent trading price of TK’s stock … Teekay Corporation (NYSE:TK) Shares Surged 4.66% In A Week – But Will They Keep Going Up? Read More »
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TK earnings call for the period ending June 30, 2022.
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Teekay press release (TK): Q2 Non-GAAP EPS of $0.05.Revenue of $280.79M (+83.3% Y/Y).Total adjusted EBITDA of $50.6M in the second quarter of 2022.Teekay Tankers secured strong…
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Shares of United Maritime Corporation (NASDAQ: USEA ), a shipping company, climbed 90% in pre-market trading. Earlier this month, United Maritime was spun off from a much larger shipper, Seanergy Maritime (NASDAQ: SHIP ). Since United Maritime’s debut on July 7, USEA stock has slumped about 32% including today’s impressive rally. There does not appear to be any news that’s causing the stratospheric rise of USEA stock today, although the price of West Texas Intermediate crude oil climbed nearly 2.5% to $98.15 this morning. On July 11, however, the company announced that it would buy four tanker vessels for a total price of $79.5 million. “The fleet consists of two Aframax oil tankers, built in 2006 at a yard in South Korea, and two LR2 product tankers, built in 2008 at yards in China,” United Maritime reported at the time. According to Teekay (NYSE: TK ), which ships crude oil globally, “The Long Range 2 Product Tanker (LR2) ranges in size from 105,000 to 115,000 dwt and is the largest specialized clean petroleum product tanker.” Meanwhile, McKinsey states , “Aframax refers to a class of oil tanker of medium size, larger than Panamax and smaller than Suezmax.
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TK earnings call for the period ending March 31, 2022.
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The volatility in rates for midsize tankers since Russia''s invasion of Ukraine will remain a constant in the months to come as the market adjusts to disruptions in trade flows,…
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Companies Reporting Before The Bell • Chicago Atlantic Real (NASDAQ: REFI ) is projected to report earnings for its first quarter. • Archer Aviation (NYSE: ACHR ) is likely to report earnings for its first quarter. • X4 Pharmaceuticals (NASDAQ: XFOR ) is projected to report quarterly loss at $0.61 per share on revenue of $120.00 thousand. • First Industrial Realty (NYSE: FR ) is projected to report earnings for its first quarter. • Berkshire Grey (NASDAQ: BGRY ) is estimated to report quarterly loss at $0.13 per share on revenue of $4.23 million. • Matinas BioPharma Hldgs (AMEX: MTNB ) is likely to report earnings for its first quarter. • KT (NYSE: KT ) is likely to report earnings for its first quarter. • Crescent Point Energy (NYSE: CPG ) is projected to report quarterly earnings at $0.25 per share on revenue of $693.53 million. • ironSource (NYSE: IS ) is estimated to report quarterly earnings at $0.03 per share on revenue of $183.58 million. • Aemetis (NASDAQ: AMTX ) is expected to report earnings for its first quarter.
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Teekay Corp. (TK) says Stonepak has completed its planned acquisition of Teekay LNG Partners (TGP), consummating a deal first announced in October.As part of the merger deal, Teekay says…
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Floating Storage and Regasification Unit (FSRU) Market With COVID19-Pandemic Impact Analysis: Floating Storage and Regasification Unit (FSRU) Market 2021 this report is including with the COVID19 Outbreak Impact analysis of key points influencing the growth of the market. Also, Floating Storage and Regasification Unit (FSRU) Market (By major key players, By Types, By Applications, and []
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Mthabisi Tshuma, Showbiz Correspondent PLUMTREE-born versatile musician, Forgive Mxolisi Nkomo aka Teekay Mxoexic, is doing the most in South Africa where he has worked with the likes of Martin and Ndolwane Super Sounds, Mxolisi Mr Bones Ndlovu and South Africas DJ Sbu. The artiste who started off his career in 2016, has managed to share []
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Bermudian-based Ardmore Shipping Corporation, which owns and operates product and chemical tankers, has entered into definitive agreements for the previously announced strategic investment into Element 1 Corp''s unique methanol-to-hydrogen technology, the company said. Ardmore said the investment includes the establishment of the e1 Marine joint venture and Ardmore''s purchase of an approximately 10 per cent equity stake in Element 1 Corp. On its website, Element 1 Corp describes itself as a developer of small-scale to micro-scale clean energy technologies, including advanced hydrogen generation systems supporting the fuel cell industry. In a related transaction, Ardmore said it has also entered into a definitive agreement for Maritime Partners, LLC to invest at least $25 million and up to $40 million in the company''s newly created Series A 8.5 per cent cumulative redeemable perpetual preferred shares. Ardmore added that e1 Marine has hired Stuart Crawford as managing director. Mr Crawford has more than 35 years of technical, operational, and commercial management executive experience in the marine industry, having previously held positions at Teekay, Seaspan, Pioneer, and Clean Ocean LNG, the company said.
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HAMILTON, Bermuda, May 27, 2021 (GLOBE NEWSWIRE) -- Teekay Corporation ( Teekay or the Company ) (NYSE:TK) announces the completion of the remaining conditions precedent relating to the previously announced Decommissioning Services Agreement ( DSA ) with CNR International (UK) Limited ( CNRI ), on behalf of the Banff joint venture, whereby Teekay has engaged CNRI to decommission the Companys remaining subsea infrastructure located within the CNRI-operated Banff Field. As part of the DSA, which is now in full effect, CNRI has assumed full responsibility for Teekays remaining asset retirement obligations ( Phase II ) for the above-mentioned facilities, which should enable CNRI to complete Teekays Phase II work in conjunction with their other decommissioning work at the Banff Field in a more efficient manner.
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The post Flex, Golar and Teekay See Profits Rising as LNG Shipping Market Tightens appeared first on Natural Gas Intelligence
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TK earnings call for the period ending March 31, 2021.
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Teekay Corporation yesterday reported results for the three months ended March 31, 2021. These results include the Companys two publicly-listed consolidated subsidiaries, Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Daughter Entities), and all remaining subsidiaries and equity-accounted investments. Teekay, together with its subsidiaries other than the The post Teekay Corporation Weathers Weak Shipping Markets first appeared on Hellenic Shipping News Worldwide .
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HAMILTON, Bermuda (AP) _ Teekay Corp. (TK) on Thursday reported first-quarter net income of $30 million, after reporting a loss in the same period a year earlier. The Hamilton, Bermuda-based company said it had net income of 28 cents per share. Earnings, adjusted for non-recurring gains, were 11 cents per share. The oil and gas []
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A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
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Real-Time News, Market Data and Stock Quotes For Junior Mining Stocks.
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Real-Time News, Market Data and Stock Quotes For Junior Mining Stocks.
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Real-Time News, Market Data and Stock Quotes For Junior Mining Stocks.
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Real-Time News, Market Data and Stock Quotes For Junior Mining Stocks.
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Highlights GAAP net loss attributable to shareholders of Teekay of $35.4 million, or $0.35 per share (inclusive of $66.3 million of impairment charges), and adjusted net income attributable to shareholders of Teekay(1) of $15.2 million, or $0.15 per share, in the third quarter of 2020 (excluding items listed in Appendix A to this release). Total… Read More »Teekay Corporation Reports Third Quarter 2020 Results
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Zacks Investment Research lowered shares of Teekay Tankers (NYSE:TNK) from a hold rating to a sell rating in a report published on Saturday, Zacks.com reports. According to Zacks, “Teekay Tankers Ltd. is a Marshall Islands corporation recently formed by Teekay Corporation to provide international marine transportation of crude oil. Teekay Tankers Ltd. owns a fleet […]
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Horos Asset Management recently released its Q2 2020 Investor Letter, a copy of which you can download here. The investment firms portfolios have not been immune to this recovery, with Horos Value Internacional posting a 16.0% return in the second quarter in line with the 16.5% rise of its benchmark
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Highlights GAAP net income attributable to shareholders of Teekay of $21.7 million, or $0.21 per share, and adjusted net income attributable to shareholders …
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Teekay's share price is just $2.09, more than 30% lower compared to when it announced Q1 2020 results (arguably the company is in its strongest financial position in years).
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At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]
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VANCOUVER, British Columbia, June 24, 2020 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today announced that Bjorn Moller is…
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Last week's other top-gaining mining stocks on the TSXV were VVC Exploration, Eloro Resources, Galway Metals and Tinka Resources. The post 5 Top Weekly TSXV Stocks: Orsu Rises 50 Percent on Assay Results appeared first on Investing News Network .
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The increasing frequency of disease outbreaks around the world is linked to both climate change and biodiversity loss. This was said by Jane Stout, professor in botany at Trinity College Dublin (TCD) and chair of Natural Capital Ireland, who told ‘Behind the Headlines: Climate Change and Pandemics’, an online discussion about what we can learn […] The post Disease linked to climate change and biodiversity loss appeared first on Agriland.ie .
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Are you washing your hands for 20 seconds?
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DUBLIN, Feb. 26, 2020 /PRNewswire/ -- The "LNG Carriers Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. The LNG carrier market is expected to grow at a CAGR of approximately 3.6% during the forecast period of 2020-2025….
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Trinity College Dublin (TCD) has won a planning contribution row, saving it nearly €335,000 in costs, with Dublin City Council regarding the university’s planned new €60m E3 Foundry facility.
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Astrophysicists from Trinity College Dublin (TCD) are among an international group contributing to a new mission that will provide the first images of the uncharted polar regions of the Sun. The European Space Agency’s (ESA) Solar Orbiter spacecraft launched successfully recently to perform close-up observations of the Sun from high-latitudes to better investigate the Sun-Earth The post TCD team to help image uncharted polar regions of Sun appeared first on Engineers Journal .
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Teekay Corporation , Teekay LNG Partners L.P. , and Teekay Tankers Ltd. plan to release their financial results for the fourth quarter and fiscal year 2019 before market open on Thursday, February… | February 14, 2020
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A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
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A professor at Trinity College Dublin (TCD) has been given a €348,950 grant to research more efficient designs for fixed offshore wind turbines. Prof. David Igoe, an assistant professor in the School of Civil, Structural and Environmental Engineering at the college, was granted the funds by the Sustainable Energy Authority of Ireland’s (SEAI) research and […] The post Trinity professor granted €348,000 for wind turbine design research appeared first on Agriland.ie .
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Top gainers on the TSXV last week were Palladium One Mining, Tinka Resources, Sama Resources, Lion One Metals and Precipitate Gold. The post 5 Top Weekly TSXV Stocks: Buenaventura Bets on Tinka appeared first on Investing News Network .
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There's no one else in the ocean shipping industry quite like Robert Bugbee, the president of three U.S.-listed companies with a combined market capitalization of $2.6 billion — Scorpio Tankers (NYSE: STNG ), Scorpio Bulkers (NYSE: SALT ) and Hermitage Offshore (NYSE: PSV ). As former president of OMI Corporation, he was part of a management team that pulled off a contender for "shipping deal of the century." OMI bought back 35% of its stock then sold the company at the peak of the boom in April 2007 for $2.2 billion to Teekay Corp . (NYSE: TK ) and Torm (NASDAQ: TRMD ). OMI shareholders including Bugbee walked away rich, while Teekay and Torm were stuck with fleets that collapsed in value amidst the 2008-09 financial crisis. What makes Bugbee different from other successful shipping executives is that he's not bound by the traditional reserved decorum of big industry names. He's the industry's id, its class clown, while still retaining the respect of peers and investors. Bugbee has been wearing a suit and the occasional tie of late, but in earlier years, he has moderated Marine Money panels in full costume, once as a beach bum, once as a football referee, and in 2013, as Sgt.
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Teekay Corporation today reported results for the quarter ended September 30, 2019. These results include the Company's two publicly-listed consolidated subsidiaries Teekay LNG Partners L.P. and… | November 13, 2019
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Trinity College Dublin (TCD) is claiming that Dublin City Council has overcharged it over €300,000 in planning contributions for its new €60m E3 Foundry.
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As part of Dublin City Council’s Techstars Startup Week Dublin 2019, The Digital Hub and Health Innovation Hub Ireland (TCD) joined forces to bring connected health entrepreneurs and experts from HSE, HPRA, Enterprise Ireland, investment and public health, together for an information sharing evening. Titled ‘Connected health in Ireland – how we shape it and […]
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TK earnings call for the period ending March 31, 2019.
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Teekay Corporation (NYSE:TK) Q4 2018 Results Earnings Conference Call February 21, 2019 2:00 PM ET Company Participants Lee Edwards – CFA-Financial Analyst Vinc
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