shipping

Huntington Ingalls Industries Inc (NYSE:HII) shares are trading lower after it reported first-quarter FY24 results. Sales and service revenue increased 4.9% Y/Y to $2.81 billion, beating the consensus of $2.79 billion. Revenues by segments: Ingalls Shipbuilding $655 million...

The tragic events in Baltimore, where a container ship crashed into Francis Scott Key Bridge, causing the collapse of much of the 1.6-mile structure, was not the first of its kind and is unlikely to be the last. A 2018 report by the World Association for Waterborne Transport Infrastructure, shows...

Tesla Inc (NASDAQ:TSLA), Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) were all hands on deck to find alternative shipping routes on Wednesday after a bridge collapse caused the shutdown of the Port of Baltimore. Ford and GM said they expected minimal impact, although the East...

Baltimore was rocked by tragedy early Tuesday as the Francis Scott Key Bridge collapsed after a cargo ship, operated by Synergy Group and chartered by Danish shipping giant AP Moller Maersk (OTC:AMKBY), lost power and struck a support column. This catastrophic...

U.S. coal miner and exporter Consol Energy Inc. (NYSE:CEIX) said Tuesday that a major bridge collapse is delaying vessel access at its terminal at the Port of Baltimore. Early Tuesday, a container ship the company said wasn't carrying Consol coal struck a support column of the Francis Scott Key...

While search and rescue remains the top priority following the tragic collapse of the Francis Scott Key Bridge in Baltimore early Tuesday, the costs to global trade, markets and industry are already being examined. The container ship that veered off course and struck the bridge, causing its...

Yemen’s Houthi rebels have attacked a British cargo ship and shot down a U.S. drone, further escalating tensions in the region. What Happened: The Houthi rebels, who are backed by Iran, claimed responsibility for the attack on the British cargo ship and the downing of the American drone,...

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) shares traded higher on Thursday. The stock brushed off losses made earlier in the week to continue its recent head-turning uptrend. What To Know: Zim stock experienced volatility over the past month, fueled in part by the impact of Houthi attacks...

Castor Maritime Inc. (NASDAQ: CTRM) on Friday said it inked a pact to sell M/V Magic Venus, a 2010-built Kamsarmax bulk carrier vessel, for a price of $17.5 million. The pact was formed by the company with an entity owned by a family member of the company's chairman, CEO and...

FedEx Corp (NYSE: FDX) shares tanked in early trading on Wednesday, after the company reported softer-than-expected earnings for its fiscal second quarter and reduced its full-year revenue guidance. The results came amid an exciting earnings season. Here are four analysts' deep dive into...

Costamare Inc (NYSE: CMRE) reported a third-quarter FY23 Voyage revenue growth of 37.2% year-over-year to $397.34 million, beating the consensus of $310.53 million. Adjusted EPS was $0.46, missing the consensus of $0.66. The company repurchased 882,316 common shares, for a total...

On Wednesday, FedEx Corporation (NYSE: FDX) delivered a positive earnings surprise as it poached customers from its rival United Parcel Service Inc (NYSE: UPS) and took advantage of the demise of the Yellow Corporation (OTC: YELLQ) who ceased its operations in July despite being a dominant player...

In a recent episode of Capital Link’s Deep Dive Podcast Series, Ben Nolan, Managing Director of Research at Stifel, interviewed Mads Peter Zacho, CEO of Navigator Holdings Ltd. (NYSE: NVGS). The discussion covered Navigator’s background, current strategy, sector outlook, and plans for...

As we approach the tail-end of 2Q company earnings, the market turned back to focusing on more macro issues, and was immediately “rewarded” by lots of not-so-good news. In this week’s 5 Things, we’ll cover: CPI rose and Core CPI remains sticky. Will the index continue to...

Clouds gathered over United Parcel Service, Inc (NYSE:UPS) after a shaky second quarter influenced heavily by labor disputes. What Happened: UPS hit a rough patch this year primarily due to its ongoing labor disputes with the Teamsters union. A tentative agreement was reached late last month, but...