The first day on the New York Stock Exchange was not a great success for the next big tanker company, Gener8 Maritime. The share price fell by 6.4 percent on the first day after being down by more than 8 percent.
BY BENJAMIN WERNER CHRISTENSEN
What was supposed to be a celebration turned into the opposite for tanker company Gener8 Maritime, a merger of General Maritime and Navig8 Crude Tankers. At least judging by the price development on the stock exchange.
While the German government is considering a privatization of DB Schenker, the logistics group’s CEO, Jochen Thewes, believes the Schenker brand, which is the world’s fourth largest within logistics, deserves a future.
Extending the UN-coordinated agreement for Black Sea transport likely won’t happen until right before deadline, says Ukrainian minister. 231 dry cargo vessels have so far carried 5.3 million tonnes of grain and other foods through the corridor.
The Singapore Police Force has brought 42 charges against Sentek Marine & Trading for having procured bunker oil between 2014 and 2018, which the company allegedly knew was stolen from a Shell refinery.