Star Bulk Carriers Corp. Downgraded by Zacks (SBLK)

Details: Category: Mercados - Fletes- Cotizaciones; Published on Sunday, 07 December 2014 20:19; Hits: 2368

Posted by Jim Brewer on Dec 5th, 2014 // No Comments

Star Bulk Carriers Corp. (NASDAQ:SBLK) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Friday. They currently have a $6.70 target price on the stock. Zacks‘s price target suggests a potential downside of 5.50% from the stock’s previous close.

Star Bulk Carriers Corp. (NASDAQ:SBLK) traded down 1.27% during mid-day trading on Friday, hitting $7.00. The stock had a trading volume of 170,699 shares. Star Bulk Carriers Corp. has a one year low of $6.27 and a one year high of $15.88. The stock’s 50-day moving average is $9.09 and its 200-day moving average is $11.32. The company’smarket

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India to renew exemption granted to vessel sharing pacts of container lines

Details: Category: Mercados - Fletes- Cotizaciones; Published on Friday, 28 November 2014 04:28; Hits: 2222

Globally, vessel sharing agreements seek to improve productivity and frequency of sailings and port calls, improve scheduling through the use of more modern vessels and other equipment, including port facilities. Photo: Bloomberg

India is set to renew the exemption granted to vessel sharing agreements (VSAs) among container shipping lines from the provisions of the country’s antitrust law.

The initial exemption given for a one-year period ends on 10 December.

A meeting held by the government with the stakeholders earlier this month to review the functioning of VSAs took note of the fact that there were no complaints against such agreements during the year-long exemption period.

It did not put barriers for new entities into joining such agreements nor did it adversely impact the existing shipping

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NordLB Holds Ship Provisions Stable as Slump Drags Into 2015

Details: Category: Mercados - Fletes- Cotizaciones; Published on Friday, 28 November 2014 04:21; Hits: 2436

NordLB Holds Ship Provisions Stable as Slump Drags Into 2015

By Nicholas BrautlechtNov 27, 2014 3:05 PM GMT+0100

Norddeutsche Landesbank, Germany’s second biggest financier of ships, held provisions at its marine division stable in the first nine months of 2014 as an industry slump enters its seventh year.

The state-owned bank based in Hanover, Germany, set aside 474 million euros ($591 million) in the period through September from 478 million euros a year earlier, according to apresentation accompanying its interim report today.

“We do not expect the shipping markets to ease significantly in the near future, so we hold on to our conservative risk provisioning,” NordLB said in the presentation.

NordLB, which along with competitors HSH Nordbank AG andCommerzbank AG (CBK) passed the European Central Bank’s health check

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Russian Recession Risk Seen at Record as Oil Saps Economy

Details: Category: Mercados - Fletes- Cotizaciones; Published on Friday, 28 November 2014 04:23; Hits: 2631

By Andre Tartar and Anna AndrianovaNov 28, 2014 1:00 AM GMT+0100

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Russia will sink into recession at a Urals price of $80 a barrel, seven years after its economy grew8.5 percent when its chief export oil blend averaged near $70, according to a Bloomberg survey of analysts.

Urals at $80, or about $3 cheaper than its average in the month through November 15, will tip Russia into a contraction, according to the median estimate of 32 economists. The probability of a recession in the next 12 months rose to 75 percent, the highest since the first such survey more than two years ago, according to another poll.

Russia, which receives about half of its budgetrevenue from oil and gas taxes, is closing in on its

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