Morning briefing: SHIP lifts two tanker rates by 47%; Riverstone Energy returns £30m; Baker Steel offsets gold fall with other gains; BlackRock Greater Europe decides not to hold tender offer

Morning briefing: SHIP lifts two tanker rates by 47%; Riverstone Energy returns £30m; Baker Steel offsets gold fall with other gains; BlackRock Greater Europe decides not to hold tender offer

Tufton Assets (SHIP), the 8.5%-yielding ship investor, says a leading commodities trader has renewed charters on two tankers at 47% higher rates, increasing expected net income by $2.5m per vessel and lifting their annualised yields to 26%. The rates were agreed before war broke out in the Middle East. Riverstone Energy (RSE) will return £30m […]