International Seaways (NYSE:INSW) reported a highly profitable first quarter for 2026, characterized by record shareholder returns and significant progress in its fleet modernization strategy.
Genco Shipping & Trading (NYSE: GNK) confirmed that Diana Shipping (NYSE:DSX) has launched a conditional, unsolicited tender offer to acquire all outstanding Genco shares.
Costamare (NYSE:CMRE) today announced strong financial results for the first quarter of 2026, highlighted by a significant long-term expansion of its charter backlog and a signal of increased returns to shareholders.
Navigator Holdings (NYSE:NVGS), the world’s largest owner and operator of handysize liquefied gas carriers, announced on Wednesday, April 15, 2026, that it has signed a non-binding letter of intent (LOI) to sell eight vessels and its entire stake in the Unigas joint venture.
Robin Energy (NASDAQ:RBNE), an international ship-owning company specializing in energy transportation, reported a significant surge in revenue for the fourth quarter of 2025 on April 10, 2026.
Oil rose a second day after Saudi Arabia said its production capacity has been reduced due to attacks on energy infrastructure, but futures remain on track for their biggest weekly loss since June. According to Saudi Arabia's press agency, the nation's production capacity has been cut by around 600,000 barrels a day. Bloomberg's Anthony di Paola breaks down the situation.
Hafnia (NYSE:HAFN) has significantly expanded its long-term capacity, announcing a $405 million contract with Hyundai Heavy Industries for the construction of eight new Medium-Range (MR) product tankers.
The availability of an alternative route for getting crude from Saudi Arabia to Asia, the Red Sea, has become more of a risk after Houthi militants entered the Middle East conflict. Bloomberg's Brendan Murray explains.
Hugh Gimber, global market strategist at JPMorgan Asset Management, discusses market positioning as the Iran war continues and Macquarie said oil may hit a record $200 a barrel if the conflict drags on until June. "I think it would be a recession at $200 a barrel," Gimber tells Bloomberg Television. "That's why we're seeing such focus on finding an off-ramp," he adds.
Oil steadied as US President Donald Trump again pushed back a deadline for striking Iran's energy. Brent crude is on pace for a record monthly gain in March. Bloomberg's Anthony di Paola reports.
