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Author Topic: Money  (Read 22481 times)

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AGelbert

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Wallenius Wilhelmsen Mothballs Vessels, Cuts Dividend

By Reuters on Mar 23, 2020 11:02 am

Wallenius Wilhelmsen ship

OSLO, March 23 (Reuters) – Shipping firm Wallenius Wilhelmsen, which transports cars and other vehicles from factories to markets, has cut its dividend to zero and will mothball up to 10 vessels as demand plunged amid the coronavirus outbreak, it said on Monday. The company also plans to scrap up to four older vessels, it added. Oslo-listed […]  Read full story...


Saudi Arabia 🦖 Tanker Power Play Could Backfire as Oil Demand Shrinks  

By Reuters on Mar 23, 2020 10:52 am

🦖 Tanker ships at anchor

By Jonathan Saul and Dmitry Zhdannikov LONDON, March 23 (Reuters) – Top exporter Saudi Arabia has chartered an armada of ships to flood the market with additional oil, but in the process has driven freight costs so high refiners are reluctant to take the shipments. That could leave the kingdom stuck with tens of millions […] Read full story...    

 
Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

 

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