Royal Caribbean Leads Oslo In September

Wednesday, October 11, 2000
Following the record month of August, the All Share Index in Oslo fell by 3.7% in September. The index for Cruise, Shipping and Offshore stocks (the Shipping index) fared slightly better, falling 2.2% during the month. Oil prices continued to rise in the beginning of September, but fell back significantly at the end of the month. All but six of the OSE-listed offshore stocks, experienced negative share price movements in the period. Topping the offshore loser's list, Petrolia Drilling (PDR) and Northern Offshore (NOF) fell by 32 and 28% respectively. Ocean Rig (OCR), the best performing offshore stock in September, was up 7%. Nordic American Tanker Shipping (NAT), up 12%, and Frontline (FRO), up 4%, were among the few bright spots in September. In the other end, Belships, also one of the shipping winners from August, fell by 19%, followed by IM Skaugen (SKA) and Loki (LOI). Despite of a 15% fall in September, LOI is so far up 311% for the year. Royal Caribbean Cruises (RCL), rising 13%, contributed significantly to the performance of the shipping index in the period. So far this year, the shipping index is up 15.5%, mainly due to the rise of the Frontline stock by 229% since year-end 1999.
Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Larger Tankers May Offer Better Return Chances

Investors looking for returns in the tanker markets can invest their capital in a variety of ways. Should an owner invest in a VLCC or an Aframax? How about an

US Plans to Shut Royalty Loophole on Coal Exports

U.S. coal companies will no longer be able to settle royalties at low domestic prices when they make lucrative sales to Asia according to reforms proposed by the Interior Department on Friday.

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

 
 
Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1140 sec (9 req/sec)