Corporate governance

Corporate governance in shipping: Who’s been naughty or nice?

Shipping has long suffered an image problem on Wall Street, fueled by perceptions that some shareholders have been ripped off by self-dealing management.

No analyst has focused on the fair treatment of shipping’s common stockholders more than Michael Webber. He has published an annual corporate governance scorecard for shipping since 2016, until 2019 at Wells Fargo and since then at his own firm, Webber Research & Advisory.

Bulker owner Genco Shipping & Trading (NYSE: GNK) ranks first in this...

https://www.freightwaves.com/news/shipping-corporate-governance-whos-been-naughty-or-nice

Nikola restates SPAC stock warrants following new SEC guidance

Electric truck maker Nikola Corp. (NASDAQ: NKLA) took a paper loss from reclassifying stock warrants as liabilities following stricter guidance from the Securities and Exchange Commission (SEC) on blank check companies merging with pre-revenue startups.

Nikola was an early target last year in what would become a flurry of special purpose acquisition company (SPAC) mergers. With more than 560 SPACs raising more than $184 billion in 2020 and so far this year, the SEC in April expressed...

https://www.freightwaves.com/news/nikola-restates-spac-stock-warrants-following-new-sec-guidance

Shipping Australia welcomes new director Captain Sunil Dhowan

Pictured: Captain Sunil Dhowan; photo supplied by Wallenius Wilhelmsen Ocean

Captain Sunil Dhowan has been appointed as a new director of Shipping Australia.

Sunil, who is the Head of Port & Cargo Operations, Oceania – Wallenius Wilhelmsen Ocean, began his sea-going career in 1978. He has experience of crewing general cargo, bulk, container, and ro-ro ships. He has visited almost all ports in Australia during his sailing days and he earned his Master Class 1 and Class 4 from Sydney, before...

https://shippingaustralia.com.au/shipping-australia-welcomes-new-director-captain-sunil-dhowan/

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