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Singapore port is crazy congested! With the arrival of peak shipping season, will the 'big jamming vessels' continue to drive up freight rates?
The congestion at Singapore port highlights the ripple effect of the Red Sea attack on the global economy.
12 Industrials Stocks Moving In Wednesday's Pre-Market Session
GainersMesa Air Gr (NASDAQ:MESA) stock rose 24.8% to $1.41 during Wednesday's pre-market session. The market value of their outstanding shares is at $57.7 million. As per the news, the Q2 earnings rep
Genco Shipping & Trading Limited's (NYSE:GNK) Institutional Investors Lost 5.9% Over the Past Week but Have Profited From Longer-term Gains
Key Insights Significantly high institutional ownership implies Genco Shipping & Trading's stock price is sensitive to their trading actions The top 25 shareholders own 49% of the company Recent
A new risk has emerged in global shipping: tens of thousands of American port workers may stage large-scale strikes.
① The global transportation industry is facing a new risk this week: Dockworkers at ports along the east coast and Gulf of Mexico in the USA may hold a large-scale strike. ② If the union initiates the strike in early October, it will coincide with the peak shipping season for US holiday containers and the critical period before the US election, which is likely to have an impact on domestic politics and global trade security in the USA.
Sidoti Events, LLC's Virtual June Small-Cap Conference
NEW YORK, NY / ACCESSWIRE / June 11, 2024 / Sidoti Events, LLC, an affiliate of Sidoti & Company, LLC, has released the presentation schedule and weblinks for its two-day June Small-Cap Conference taking place
Shipping stocks are rapidly surging! The crisis in the Red Sea has triggered soaring freight rates, and these concept stocks have already doubled in value this year.
In May, the index for block orders (European line) continued to rise, with a cumulative increase of more than 40% throughout the month, and multiple times refreshing historical highs.