Diversified New York tanker owner turned in record year and cash pay ticked up
Finance
Zim shares launch ‘breakout’ with 15% surge in a morning
Shares in Denmark’s Maersk also rise as freight index posts largest one-week gain since January
TFI’s US LTL operations need heavier shipments, CEO says of Q1 results
Some key statistics at the U.S. LTL operations of TFI International remain a cause for concern at the Canada-based trucking conglomerate, and CEO Alain Bedard did not hold back discussing those issues on the company’s first-quarter earnings call.
The core of the U.S. LTL activities at TFI (NYSE: TFII) is known as TForce, and its roots are in the TFI acquisition of UPS’ LTL operations, UPS Freight, in 2021.
LTL discussions often turn to revenue per hundredweight, or yield, in analyzing how a...
Here, there and everywhere: George Economou ratchets up stake in Greek shipowner
Activist shareholder now has 1m reasons to make life difficult for listed company
Private equity firm and pension fund aim to offload $990m in shares in Viking Holdings IPO
Norwegian billionaire Torstein Hagen to hold unrivalled control with ‘special shares’
BW Group starts DHT stock sell-down with $18m of deals
Singapore shipping giant signalled in March it would look to cut its stake in US-listed VLCC owner
Capital Product holds dividend firm with payout policy changes on the horizon
New York-listed company’s chief executive has said a floating distribution is likely in future
Pam sets Dutch auction to buy back shares; battered stock price soars
Pam Transportation, the auto industry-focused truckload carrier whose stock has been battered in the past year and beyond, is buying back some of its shares through a process known as a Dutch auction.
Companies buy back their stock frequently but generally do so in a lower-key manner, entering the market as an occasional or frequent buyer operating through the normal processes of the equity markets. Companies often declare their intention to buy back stock over a certain period, but the...
Public vs private: Why a $2.7bn listed shipping company isn’t big enough and raising money is always ‘humbling’
This week’s Streetwise takes a look at the how shipowners make both private and public models work
Cleaves Securities boss Per Olav Karlsen explains ‘nonsense’ bankruptcy reports
CEO of Norwegian investment bank tells TradeWinds that Scandinavian media claims are well wide of the mark