Imperial Petroleum: Dividend of $0.547 for Preferred Shares
Imperial Petroleum announced a dividend distribution of approximately $0.547 per share for its cumulative redeemable perpetual preferred shares Series A.
Monopolist demands astronomical rates for tanker leases
Sinokor Merchant Marine, a monopolist in the VLCC market, has significantly raised freight rates for transportation from the Middle East to China, causing concern among global shipping brokers.