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LNG Carrier

News - St. John's responds to mayday call from Panamanian vessel

Stranded vessel | Atlantic Canada Digital writers theweathernetwork.comThursday, November 15, 2018, 7:48 PM - According to Newfoundland Offshore, the Sir Wilfred Grenfell has departed St. John's to respond to a mayday call that was released from the Panamanian bulk carrier, Centennial Harmony. The Panamanian vessel lost…

Resonant: Oversold And Misunderstood - Resonant (NASDAQ:RESN)

"It's discouraging to think how many people are shocked by honesty and how few by deceit." - Noël Coward, Blithe SpiritWednesday, the shares of Resonant (RESN) fell just over 40% in trading. The stock managed to gain nearly 10% on Thursday as investors started to realize the overreaction in the market the previous day.The trigger for the decline were a couple of items.

Will looming budget cuts bust up the Navys plans for an enormous fleet?

WASHINGTON After several years of increasing spending and virtually unprecedented shipbuilding budgets, the U.S. Navys party could be coming to a screeching halt in the 2020 budget, according to analysts and insiders who spoke to Defense News. Conversations with more than a dozen insiders, lawmakers and analysts reveal a far less friendly upcoming budget cycle for the U.S.

Bulk carrier floods off Newfoundland, but no plans to abandon ship

ST. JOHN'S, N.L. - Rescue officials have come to the aid of a bulk carrier that took on water in rough seas Thursday afternoon off Newfoundland. Joint Task Force Atlantic says the Centennial Harmony was roughly 460 kilometres off St. John's, N.L., in the Grand Banks with when it reported flooding onboard around 2:30 p.m. Thursday.

GNMTC fixes two suezmaxes on short charters at strong rates

Libya's General National Maritime Transport Co (GNMTC) has secured short-term charters for two of its suezmax tankers at strong rates, reflecting firming market sentiment for crude carriers.European shipbrokers report that the Tripoli-based shipowner has chartered out the 164,000-dwt Barbarosa (built 2009) and the 159,000-dwt Libya (built 2007) at $23…

Floating LNG

30-foot inflatable cheese sculpture floats rivers for hunger awareness

Updated 2 minutes ago Move over rubber duck, the big cheese is in town. Station Square’s The Melting Pot restaurant and 412 Food Rescue launched a 30-foot inflatable Swiss cheese sculpture Wednesday that will travel along Pittsburgh’s three rivers to create awareness and provide support for the hungry in the region. The sculpture will dock Thursday and Friday at Point State Park.

Goodbulk Ltd. Expects Dry Bulk Market Recovery to Continue

GoodBulk Ltd., a leading owner and operator of dry bulk vessels, today announces its financial results for the third quarter of 2018.3rd Quarter HighlightsGenerated $14.5 million of net profit resulting in earnings per share (EPS) of $ 0.49. EBITDA for the period was $27.9 million.Earned an average gross Time Charter Equivalent rate (TCE) of $19…

Iran military says it is ready to protect oil tankers...

DUBAI, Nov 12 (Reuters) - Iran's armed forces will protect Iranian oil tankers against any threats, an Iranian military official said on Monday, after the United States said the ships were a "floating liability" and warned ports operators not to allow them to dock."Iran's armed forces ... are prepared today as in the past…

Dorian LPG (LPG) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Dorian LPG (NYSE:LPG) from a hold rating to a buy rating in a research report report published on Tuesday. The brokerage currently has $9.00 price target on the shipping company’s stock. According to Zacks, “Dorian LPG Ltd is a liquefied petroleum gas shipping company. It is primarily focused on owning and operating Very Large Gas Carriers (VLGCs).

Dorian LPG (LPG) Boosted by Zacks Investment Research to Purchase – BharataPress

Dorian LPG (NYSE:LPG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage currently has a $9.00 target price on the shipping company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 9.36% from the stock’s current price.

LPG

BlackRock Inc. Buys 338,709 Shares of Dorian LPG Ltd (LPG)

BlackRock Inc. raised its stake in Dorian LPG Ltd (NYSE:LPG) by 24.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,748,563 shares of the shipping company’s stock after acquiring an additional 338,709 shares during the quarter. BlackRock Inc.

FNY Investment Advisers LLC Takes Position in Dorian LPG Ltd (LPG)

FNY Investment Advisers LLC bought a new stake in Dorian LPG Ltd (NYSE:LPG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 19,729 shares of the shipping company’s stock, valued at approximately $157,000. A number of…

BGC Enters Shipbroking, Buying 80-Year-Old Poten in Bet on LNG

(Bloomberg) -- BGC Partners Inc. is entering the shipbroking market for the first time, buying Poten and Partners Group Inc. to bet on demand for liquefied natural gas.Poten, which is based in New York, specializes in the LNG tanker and liquid petroleum gas markets, with 170 staff in offices from London to Singapore, Houston, Athens, Guangzhou and Perth.

Edited Transcript of TGP earnings conference call or presentation 15-Nov-18 4:00pm GMT

Q3 2018 Teekay LNG Partners LP Earnings CallHamilton Nov 15, 2018 (Thomson StreetEvents) -- Edited Transcript of Teekay LNG Partners LP earnings conference call or presentation Thursday, November 15, 2018 at 4:00:00pm GMTTEXT version of Transcript================================================================================Corporate…

Dorian LPG (LPG) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Dorian LPG (NYSE:LPG) announced its quarterly earnings data on Wednesday, October 31st. The shipping company reported ($0.17) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.01, MarketWatch Earnings reports. The business had revenue of $40.81 million for the quarter, compared to analyst estimates of $38.32 million.