ShippingWatch

Shipping shares plummet on the New York Stock Exchange

Black Monday for tanker and bulk shares on Wall Street, where investors do not share the view that the low oil price brings increased demand in the global shipping industry. Massive declines across tanker and dry bulk Monday night.

Shipping shares on Wall Street were hammered down across the board on Monday, which brought double-digit drops on a day marked by investors' concerns about the consequences of the low oil price.

Nordea: Subcontractors the big losers following oil drop

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Esvagt strikes huge deal with Totalenergies

The French oil major expands its partnership with the Danish service carrier, which secures long-term contracts on eight vessels that will now deliver far more than safety solutions. The agreement is expected to create jobs for more than 160 seafarers.

Western Bulk aims for listing in third quarter

The strong dry bulk market is prompting Norway's Western Bulk to aim for a listing in the third quarter. The carrier projects that the market will strengthen in the second half of the year.

Further reading

Related articles

Trial banner

Latest news

See all jobs