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3 days ago | 
tradewindsnews.com | Joe Brady
We have made the point before that while this column is about issues and trends, it is no less about the people who shape the ship finance industry. With that in mind, the only real candidate for the subject of this week’s Streetwise is the death of Marine Money chairman Jim Lawrence last weekend at age 70. Lawrence, a hugely charismatic serial entrepreneur, left a big mark in other areas of shipping as well.
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4 days ago | 
tradewindsnews.com | Joe Brady
The private Connecticut-based entity that merged its fleet into Pangaea Logistics Solutions in December continues to gradually add to its top shareholding in the New York-listed company. Strategic Shipping has added more than 440,000 shares through a series of open-market purchases after new buys disclosed on Monday, bringing its total stake to 28.7% of the company. The new cache of nearly 18.8m
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5 days ago | 
tradewindsnews.com | Joe Brady
Shipping is mourning the loss of a giant in the ship finance and US maritime communities with the death of Marine Money founder and chairman Jim Lawrence. Lawrence died over the weekend at age 70 after a fairly brief battle with cancer. Accolades poured in Monday from all corners of the maritime community.
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1 week ago | 
tradewindsnews.com | Joe Brady
One day after a leading equity analyst took Nordic American Tankers’ management to task, the founding Hansson family is responding with money rather than words. Vice chairman Alexander Hansson on Friday bought 100,000 NAT shares at $2.60 each, the company said in a stock exchange disclosure. He is the son of chief executive and founder Herbjorn Hansson. The family together is NAT’s largest shareholder group with 9.3m
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1 week ago | 
tradewindsnews.com | Joe Brady
Evercore ISI equity analyst Jonathan Chappell has renewed long-standing criticism of Nordic American Tankers (NAT) in the wake of its adjusted loss for the first quarter. The Herbjorn Hansson-led suezmax specialist fell to a loss of $0.02 per share without counting a $9.5m gain from the sale of a vessel. Chappell said that was in line with Evercore’s estimate but below the average $0.02-per-share
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1 week ago | 
tradewindsnews.com | Joe Brady
Evercore ISI equity analyst Jonathan Chappell has renewed longstanding criticism of Nordic American Tankers in the wake of the suezmax specialist’s adjusted loss for the first quarter. Herbjorn Hansson-led NAT fell to a loss of $0.02 per share without counting a $9.5m gain from the sale of a vessel. Chappell said that was in line with Evercore’s estimate but below the average $0.02-per-share
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1 week ago | 
tradewindsnews.com | Joe Brady
It has been 20 years since George Economou took New York by storm. He launched arguably the most famous public shipping company in history and opened the gates to an entire sector of public dry bulk shipowners. By the time Economou’s DryShips exited the US public markets in 2019, he was no longer the golden boy.
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2 weeks ago | 
tradewindsnews.com | Joe Brady
Call it the comeback of the buybacks. After a years-long focus on shareholder dividends as the favoured method of returning capital to public-company shareholders, the first-quarter 2025 earnings season has brought stock repurchases back into focus. Multiple companies across operating sectors have either initiated new buyback programmes or taken back shares under existing ones.
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2 weeks ago | 
tradewindsnews.com | Joe Brady
Shares of Israeli liner operator Zim were up nearly 7% in midday trading on the New York Stock Exchange on Monday after handing back even bigger gains in earlier action. Investors reacted strongly to a significant earnings beat in first-quarter results released before the open of trading on Monday. This came even though the company guided to full-year results that, although unchanged from earlier guidance, suggested a much weaker second half of 2025.
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3 weeks ago | 
tradewindsnews.com | Joe Brady
New York-listed tanker owner International Seaways is moving forward with a female cadet programme first mentioned last fall in partnership with global ship manager V.Group. “Female seafarers represent a wealth of untapped talent for the maritime industry. We’re thrilled to be working with V. on this collaborative initiative to build a more inclusive and positive workplace," said Seaways chief executive Lois Zabrocky in a joint statement on Friday.
