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 September 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

A Boost for UK Offshore Drilling? DW Monday Muses

Drilling activity offshore UK is now expected to increase over the next few years as government and industry reacts to the recommendations in Sir Ian Wood’s report

MHI, IHI & DBJ Join Forces On Investments

Mitsubishi Heavy Industries, Ltd. (MHI), IHI Corporation and the Development Bank of Japan Inc. (DBJ) concluded a three-way formal agreement today on their respective

Clarksons PLC Perform Strongly in 1H 2014

Leading shipping services group, Clarksons PLC reports strong strong financial performance in the first half of 2014. Financial Results Clarksons increased revenues by 25% to £111.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
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: 0.1082 sec (9 req/sec)