Gaslog Ltd

Another one bites the dust: LNG shipping’s GasLog to delist

GasLog LNG ship

More shipowners have come to Wall Street than have left over the past half decade. Yet most of the new arrivals have been micro-cap stocks and some of the departures have been big names.

On Monday, liquefied natural gas (LNG) shipping giant GasLog Ltd. (NYSE: GLOG) announced plans to go private. 

The delisting of GasLog follows on the heels of January’s agreement to fold Navios Containers (NYSE: NMCI) into Navios Partners (NMM), December’s “take private” announcement by Seacor (NYSE: CKH) and...

https://www.freightwaves.com/news/another-one-bites-the-dust-lng-shippings-gaslog-to-delist

New world record set for shipping rates: $350,000 per day

LNG shipping rate ship

It has never been more expensive to get a container of goods across the ocean. But it’s not just containers. Liquified natural gas (LNG) shipping is also rewriting the record books.

Argus reported that BP has just employed the ship LNG Abalamabie for $350,000 per day. That makes it the most expensive vessel charter in maritime history, surpassing the $300,000-per-day peak previously recorded in the very large crude carrier (VLCC) segment.

What’s different about the LNG record — compared to...

https://www.freightwaves.com/news/new-world-record-set-for-shipping-rates-350000-per-day

LNG shipping rates just hit $125,000 per day

LNG ship

Tankers carrying crude oil and refined products are wallowing below cash-breakeven. Their near-term prospects are grim. In contrast, spot rates for tankers carrying liquefied natural gas (LNG) are now highly profitable, with some vessels earning $125,000 per day.

“The gains have become more significant over the past couple of weeks, and current rates are a stark improvement from [rates] seen this past summer,” said Clarksons Platou Securities on Monday.

Fearnleys Securities described last week’s...

https://www.freightwaves.com/news/lng-shipping-rates-just-hit-125000-per-day

Robinhood’s topsy-turvy Top 10 shipping stocks

NASDAQ

Retail stock traders have taken center stage this year, embracing speculative bets that institutional investors have shunned. How does this trend affect ocean shipping equities? One indicator is stocks owned by customers of the highly popular Robinhood platform.

Robinhood discloses how many of its users own each stock at any given time. This data is downloaded daily and measured over time by Robintrack.net. FreightWaves sifted through the Robintrack database and the Robinhood disclosures and...

https://s29755.pcdn.co/news/robinhoods-topsy-turvy-top-10-shipping-stocks