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 May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Vinalines Plans Ports Divestment

The Vietnam National Shipping Lines (Vinalines) and the Ministry of Transport (MOT) hope the plan to reduce the state’s ownership ratio in the big shipping firm

Dubai Establishes Maritime Arbitration Centre

The Dubai Maritime City Authority (DMCA) is in the final stages of completing the rules for the first maritime arbitration centre in the Middles East: the Emirates

Gener8 Maritime to Go Public

Private equity-backed tanker operator Gener8 Maritime filed with the U.S. Securities and Exchange Commission (SEC) to proceed with an initial public offering worth up to $100m.

 
 
Maritime Security Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | 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: 0.1923 sec (5 req/sec)