New York Stock Exchange

Zim Recorded A Net Income of $524m

Israeli ocean carrier Zim has posted its first annual profit for three years – and the biggest in its 75-year history – recording a net income of $524m for 2020 and claiming it is a “revitalised company”, reports The Loadstar.

What Data Suggest 

Zim carried an-above industry par 0.7% more containers last year than in 2019, at 2,841,000 teu, and revenue jumped 21%, compared with the previous year, to $4bn, for an ebitda of $1.04bn, up from $399m in 2019.

Its average freight rate was also up, by...

https://mfame.guru/zim-recorded-a-net-income-of-524m/

Zim IPO on NYSE falls flat

Zim Integrated Shipping Services debuted on the New York Stock Exchange yesterday with an initial public offering (IPO) of 14.5 million ordinary shares offered at US$15 a share, with the price slipping to US$11.52 by the close.

An initial offering saw less than half the shares sold with the IPO due to close on 1 February with an option for a further 2,175,000 shares on a 30-day option at the IPO price.

The Zim listing is particularly surprising given the company is the first container ship...

https://container-news.com/zim-ipo-on-nyse-falls-flat/

Hyliion CEO draws distinctions with besieged Nikola

Hyliion Holdings Corp. (NYSE: HYLN) founder and CEO Thomas Healy considered lessons from the Nikola Corp. (NASDAQ: NKLA) debacle as his startup began public trading Friday — and he became the nation’s youngest paper billionaire.

“From our end, there’s a lot of differences,” the 28-year-old Healy told FreightWaves in an interview. “One is actually having delivered products to fleets.”

Hyliion proprietary technology winds through and around electric driveline systems from Dana Corp. (NYSE: DAN), a...

https://www.freightwaves.com/news/hyliion-ceo-draws-distinctions-with-besieged-nikola

A look back at WorkBoat for September 1959

• Lake Erie is expected to get heavy interest from oil and gas producers during the next 12 months, according to reports from Canada. Crown lands under Lake Erie have been leased by a number of large petroleum companies, though interest is apparently in natural gas instead of oil.

• American Commercial Barge Line Co., Jeffersonville, Ind., became the first barge line to apply and be accepted for listing on the New York Stock Exchange last month when 1.53 million shares of its common stock were...

https://www.workboat.com/archived-workboat-magazine/a-look-back-at-workboat-for-september-1959/

Hornbeck receives continued listing standard notice from NYSE

The Hornbeck OSV Red Dawn. With their big cargo decks and massive tank capacity, OSVs can be suitable for disaster recovery operations, industry advocates say. Easter Shipbuilding photo

Hornbeck Offshore Services Inc. announced yesterday that it had received notice from the New York Stock Exchange (NYSE) that the company is not in compliance with the NYSE continued listing standard.

The standard, set forth in Rule 802.01C of the NYSE Listed Company Manual, requires the average closing price of the company’s common stock to be at least $1 per share over a period of 30 consecutive trading days.

In accordance with applicable NYSE procedures, the Covington, La-based offshore service...

https://www.workboat.com/news/offshore/hornbeck-receives-continued-listing-standard-notice-from-nyse/

Danaos receives notice from NYSE

Danaos Corporation (the “Company” or “Danaos”) (NYSE: DAC) announced it has received written notice from the New York Stock Exchange (the “NYSE”) that the Company is not in compliance with the NYSE continued listing standard with respect to the minimum average share price required by the NYSE because the average closing price of its common stock had fallen below $1.00 per share over a period of 30 consecutive trading days.

Under the NYSE rules, the Company can regain compliance with this...

http://container-news.com/danaos-receives-notice-nyse/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.