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Scorpio Tankers Likely To Benefit From Move To Low-Sulfur Fuel, JPMorgan Says In Upgrade
Thursday, May 16, 2019 - 1:40pm | 351Read More...The International Maritime Organization will enact a new regulation Jan 1, 2020, with the intention of reducing the global sulfur cap for marine fuels. Scorpio Tankers Inc. (NYSE: STNG) is likely to benefit, according to JPMorgan. The Analyst Analyst Noah Parquette upgraded Scorpio...
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JPMorgan Turns Selective On Dry Bulk Carriers, Downgrades Diana Shipping And Navios Maritime Partners
Wednesday, January 17, 2018 - 2:31pm | 450Read More...The outlook for dry bulk carriers appears strong, with a cycle peak expected later this year or in early 2019, according to JPMorgan. The Analyst JP Morgan analyst Noah Parquette downgraded shares of Diana Shipping Inc. (NYSE: DSX) and Navios Maritime Partners L.P. (NYSE: NMM) from...
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How Costamare's Steep Dividend Cut Earned It An Upgrade From JPMorgan
Wednesday, October 5, 2016 - 3:25pm | 334Read More...JPMorgan has upgraded Costamare Inc (NYSE: CMRE) shares from Neutral to an Overweight rating and lifted the target price from $12 to $13 on the stock implying over 70 percent upside potentials. The firm believes the dividend cut from $0.29 to $0.10 has removed the overhang hampering the stock...
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Baltic Dry Index Continues To Make New Lows, Hits 310
Wednesday, February 3, 2016 - 4:49pm | 254Read More...JPMorgan on Wednesday issued a report on the Baltic Dry Index amid concerns of a global economic slowdown. The Baltic Dry index recently traded at $310.00. Analyst Noah R. Parquette wrote, "The Baltic Dry Index fell to 303 with only Panamax rates not falling. Tradewinds reported that...
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JPMorgan Downgrades Oil Shippers En Masse, Prefers Product Tankers Instead
Tuesday, January 12, 2016 - 11:43am | 297Read More...The global oil market may now be at its most critical point of the entire downturn, and JPMorgan analyst Noah Parquette believes that tanker investors should re-think their strategy headed into 2016. Despite VLCC rates near $100,000, tanker stocks mostly traded sideways throughout Q4. Parquette...
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2 Pockets Of Value Hiding In The Dry Bulk Space
Thursday, October 15, 2015 - 3:00pm | 839Read More...Noah Parquette of JPMorgan initiated coverage of the entire dry bulk shipping industry, noting that "sentiment is bad right now." Parquette noted that 2016 "could even be worse" than an already "historically bad" 2015. Parquette nevertheless initiated two names at Overweight: Navios Maritime...
