SINGAPORE, March 30, 2026 (GLOBE NEWSWIRE) -- Intercont (Cayman) Limited (“Intercont” or the “Company”), a global shipping enterprise, today announced that it will effect a share consolidation (“Reverse Share Split”) of its ordinary shares at a ratio of 25-for-1, effective as of April 2, 2026 (the “Effective Time”), in order to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq’s Marketplace Rule 5550(a)(2). Beginning with the opening of trading on April 2, 2026, the Company’ ...

SINGAPORE, March 30, 2026 (GLOBE NEWSWIRE) -- Intercont (Cayman) Limited (“Intercont” or the “Company”), a global shipping enterprise, today announced that it will effect a share consolidation (“Reverse Share Split”) of its ordinary shares at a ratio of 25-for-1, effective as of April 2, 2026 (the “Effective Time”), in order to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq’s Marketplace Rule 5550(a)(2). Beginning with the opening of trading on April 2, 2026, the Company’ ...

From 4h ago09.21 BSTBrent crude on track for record monthly rise of nearly 60%Brent crude is on course for a record monthly rise of nearly 60%, exceeding gains it made during the 1990 Gulf War.The global oil benchmark is currently trading 3.5% higher at $116.051 a barrel – up 59% so far in March – while New York light crude rose 2% to $101.6 a barrel.Yemen’s Houthi rebels, which are backed by Iran, launched their first attacks on Israel since the start of the US-Israel war with Iran over the weekend. More U ...

27 March 2026 | 1:24AM HKT Equity Research COSCO SHIPPING Holdings (601919.SS) Post-results NDR takeaways: Sees a narrowing of oversupply in 2026 with a modest decline in Europe contract rate | 601919.SS | 12m Price Target: Rmb13.50 | Price: Rmb15.26 | Downside: 11.5% | | --- | --- | --- | --- | | 1919.HK | 12m Price Target: HK$10.60 | Price: HK$14.95 | Downside: 29.1% | We hosted COSCO Shipping Holding for an NDR post its FY25 results (see FY25 review) on Mar 25. Our key takeaways include: 1) Mgmt expects ...

市场波动预判：波斯湾出口减少导致全球船舶调配紊乱，若局势无显著 变化，运价将呈现大起大落特征；补库需求是未来运价上涨的关键催化 剂。 Q&A 在中东局势变化后，公司的运力排布，尤其是在西非、美湾及中东地区的分布 情况如何？另外，霍尔木兹海峡的通行受阻是否对船舶的重载率产生了影响？ 战争爆发至今仅二十余天，油轮船东的航线布局尚未发生重大变化，因为航线 的切换需要时间。运输策略紧随石油贸易流向的改变而调整。目前，公司已有 约 10 艘 VLCC 转向挂靠延布港。相较之下，前往巴西、西非及美湾的船舶数 量不多，其中巴西航线有两到三艘，美湾有一艘，西非大约有两艘。 从当下的 经营策略来看，公司会优先考虑延布港航线。与巴西、西非和美湾的航线相比， 延布航线的单程天数相对较短，这为应对未来市场的波动和变化提供了更好的 灵活性和临时调整的机会。公司将密切关注市场安全局势的变化，并根据租家 的贸易需求合理安排航线布局。 关于重载率，除了少数几艘在海湾内等待的船 舶外，其余船舶只要不停航，就有货可拉，其重载率与以往保持一致，即从装 货港到卸货港的重载航程占比在 50%至 55%之间。 中远海能 20260327 摘要 运力部署 ...

29 March 2026 | 7:39PM HKT Equity Research COSCO Shipping Energy (1138.HK) FY25 results review: missed on delayed recognition of high TCE; mgmt guide a normal load factor for vessels outside the Gulf | 1138.HK | 12m Price Target: HK$29.00 | Price: HK$18.98 | Upside: 52.8% | | --- | --- | --- | --- | | 600026.SS | 12m Price Target: Rmb32.00 | Price: Rmb23.69 | Upside: 35.1% | COSCO Shipping Energy reported FY25 results and hosted results briefing on Mar 27. FY25 net profit was Rmb4.0bn, implying 4Q25 net pro ...

30 March 2026 | 7:33AM HKT Equity Research China Merchants Energy Shipping (601872.SS): NDR takeaways: management remain bullish on VLCC; arbitrage demand across regions We hosted China Merchants Energy Shipping Co Ltd (601872.SS, Not Covered) post-result NDR on Mar 27 as part of our Navigating the Supply Chain Resilience in a Post-Hormuz Era call series. Generally, management remain bullish on VLCC, expecting 1yr VLCC TCE (US$130k/day) to be a support to TCE with further upside if the Strait of Hormuz open ...

At least three Chinese-linked vessels reportedly turned back abruptly after attempting to cross the Strait of Hormuz last Friday, signaling an unusual move in typically friendly Tehran‑Beijing relations amid the ongoing regional crisis. Two ships owned by China’s state‑run Cosco Shipping, the CSCL Indian Ocean and CSCL Arctic Ocean, as well as Hong Kong-owned Lotus Rising made sudden U‑turns near Larak Island, according to ship‑tracking service MarineTraffic and research group FDD. The narrow channel has re ...

Key TakeawaysGlobal oil prices surged over $2 per barrel, with Brent Crude reaching $115.29 and US Crude climbing to $102.00 following Houthi missile strikes on Israel.US stock futures declined in Sunday evening trading, with S&P 500 E-minis falling 0.5% and Nasdaq futures dropping 0.6% ahead of a holiday-shortened week.A UNIFIL peacekeeper was killed and another critically injured after a projectile explosion at a UN position in southern Lebanon; an investigation into the origin of the strike is underway.I ...

This $5,500 Stock Is About to Hit a New All-Time High. Is It Worth It? - 24/7 Wall St. S&P 5006,362.40 -2.11% Dow Jones45,108.10 -2.16% Nasdaq 10023,104.20 -2.34% Russell 20002,443.51 -2.47% FTSE 1009,913.30 -0.46% Nikkei 22551,507.00 -2.23% Investing This $5,500 Stock Is About to Hit a New All-Time High. Is It Worth It? By Rich DupreyPublished Mar 28, 12:25PM EDT Quick Read Seaboard (SEB) surged 50% in six months to $5,554 per share, driven by 2025 net earnings that soared to $496 million from $88 milli ...