To add Benzinga News as your preferred source on Google, click here .Here are some other stocks moving in pre-market trading.Shares of ZIM Integrated Shipping Services Ltd (NYSE:ZIM) rose sharply in pre-market trading after the company agreed to be acquired by Hapag-Lloyd for $35.00 per share in cash at aggregate cash consideration of approximately $4.2 billion. ...

Core Viewpoint - BW LPG Limited, the owner and operator of the world's largest fleet of Very Large Gas Carriers (VLGCs), will publish its Q4 2025 Financial Report on March 3, 2026 [1] Financial Reporting - The financial report will be released at approximately 07:00 CET / 01:00 EST / 14:00 SGT [1] - An Earnings Presentation will be hosted by CEO Kristian Sørensen and Samanth in connection with the financial results [1]

Market Overview - US stock futures are trending lower, primarily driven by ongoing concerns regarding AI's impact on various industries, leading to a sell-off in tech stocks [1][2] - Nasdaq 100 futures fell by 0.8%, S&P 500 futures decreased by approximately 0.5%, and Dow Jones Industrial Average futures dropped by 0.3% [1] Earnings Reports - The earnings season is nearing its conclusion, with key reports from Constellation Energy, Energy Transfer, Medtronic, and Palo Alto Networks expected this week [3] - Walmart's quarterly report is highly anticipated as it will be the first since the company reached a trillion-dollar market cap [3] Corporate Developments - Paramount Skydance's stock increased by 2% following news that Warner Bros Discovery has requested a better offer from the studio after rejecting its latest bid [4] - Hapag-Lloyd is acquiring ZIM Integrated Shipping Services for $4.2 billion, resulting in a 35% surge in ZIM's shares during premarket trading [11] Investment Activity - DTE Energy's stock rose by 10% before paring gains, with a 13% increase over the past year, as it prepares to release earnings [8] - Norwegian Cruise Line's stock increased by 7% after activist investor Elliott built a stake in the company [8][15] - Masimo's stock surged over 30% following reports of a potential $10 billion acquisition by Danaher [13] Economic Indicators - The upcoming Personal Consumption Expenditures index report is expected to provide insights into consumer inflation trends [5] - An advance look at fourth quarter GDP is scheduled for release, which will contribute to discussions regarding the pace of interest-rate cuts [6]

Core Viewpoint - Shipping stocks are experiencing a recovery driven by a favorable supply-demand dynamic, with the Baltic Dry Index rising over 60% from its 2023 lows, indicating increased global shipping demand [1] Group 1: Supply and Demand Dynamics - The global fleet growth is constrained, with the dry bulk vessel orderbook at approximately 7% of the existing fleet, near multi-decade lows, leading to a supply-demand imbalance [2] - Resilient demand for transporting commodities such as iron ore, coal, and grain is contributing to this imbalance, which is reflected in company earnings and cash flows [2] Group 2: Market Performance - Shipping companies like SBLK and DAC have seen significant returns, with SBLK up 22.87% and DAC up 13.44% year-to-date [3] - The Breakwave Dry Bulk Shipping ETF (NYSE: BDRY) has increased over 35% year-to-date, providing exposure to freight rate trends [3] Group 3: Structural Constraints - High shipbuilding costs, stricter environmental regulations, and limited shipyard capacity are hindering fleet expansion, with global fleet growth expected to remain below 3% annually through 2027 [4] - Despite these constraints, global trade volumes are projected to expand, with the World Trade Organization anticipating a recovery in merchandise trade growth by 2026 [4] Group 4: Economic Cycle Indicators - Historically, shipping stocks tend to move early in economic cycles, and the current constraints on vessel supply alongside stabilizing freight demand may indicate a market shift that has not yet been fully recognized [5]

Core Viewpoint - The Zacks Transportation - Shipping industry is experiencing growth due to strategic diversification, digitalization, environmental compliance, and low fuel costs [1][2]. Industry Overview - The industry focuses on liquefied natural gas and crude oil marine transportation services under long-term contracts, primarily dealing with crude oil and oil products globally [2]. - The shift in e-commerce due to COVID-19 has led to increased reliance on third-party logistics providers, positively impacting the industry as economic activities resume [2]. Key Trends - **Digitalization and AI Adoption**: Enhancements in efficiency and decision-making through digitalization and AI are reducing operational costs and emissions, improving cargo visibility, and streamlining processes [3]. - **Increased Focus on Green Transition**: Adoption of alternative fuels and sustainable practices is driving technological progress and operational efficiency, while also improving access to green financing [4]. - **Low Oil Prices**: A decline in oil prices, which fell 7% during the October-December period, is benefiting the bottom line of industry participants, particularly oil tanker companies [5]. Challenges - **Supply-Demand Imbalance**: A persistent imbalance is compressing freight rates and weakening profitability due to excess vessel capacity and fluctuating cargo volumes [6]. Industry Performance - The Zacks Transportation-Shipping industry ranks 60 out of 243 Zacks industries, indicating strong near-term prospects [8]. - The industry has outperformed the S&P 500 and broader sector, gaining 32.9% over the past year compared to the S&P 500's 14.1% increase [10]. Valuation - The industry is currently trading at a forward P/E of 14.28X, below the S&P 500's 22.52X and the sector's 14.78X [13]. Stock Recommendations - **Seanergy Maritime (SHIP)**: Strong performance in the Capesize market with a Zacks Rank 1 and an average earnings beat of 76.4% over the past four quarters [17]. - **ZIM Integrated Shipping**: Fleet expansion initiatives and a Zacks Rank 2, with a 10% share price increase over the past year [20]. - **Genco Shipping & Trading (GNK)**: Strong balance sheet and modernization efforts, with a 36% stock gain over the past six months and a significant upward revision in earnings estimates [23].

Core Viewpoint - EuroDry (EDRY) is anticipated to report a year-over-year increase in earnings due to higher revenues for the quarter ending December 2025, with the consensus outlook indicating a significant potential impact on the stock price based on actual results compared to estimates [1][2]. Earnings Expectations - The Zacks Consensus Estimate predicts quarterly earnings of $0.78 per share, reflecting a year-over-year increase of +412% [3]. - Expected revenues are projected to be $16.51 million, which is a 13.8% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 2100% higher in the last 30 days, indicating a significant reassessment by analysts [4]. - The Most Accurate Estimate for EuroDry aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with a strong predictive power for positive readings [9][10]. - EuroDry currently holds a Zacks Rank of 1, but the combination with an Earnings ESP of 0% complicates predictions of an earnings beat [12]. Historical Performance - In the last reported quarter, EuroDry was expected to post a loss of $0.15 per share but instead reported a loss of -$0.23, resulting in a surprise of -53.33% [13]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [14]. Conclusion - While EuroDry is not positioned as a compelling earnings-beat candidate, investors are advised to consider other factors when making decisions regarding the stock ahead of its earnings release [17].

Futuristic glowing “ETF” microchip on a circuit board with holographic data blocks, symbolizing ETF investing. Key Points BWET is one of the leading ETFs by year-to-date performance, with returns of around 98% so far in 2026. The fund has a unique focus on oil freight futures, generating profit when oil shipment prices rise beyond market expectations. However, BWET's sky-high expenses, limited asset base, and low trading volume all present additional risks on top of an already-complex strategy. Intere ...

Group 1 - Hapag-Lloyd, a major player in the shipping industry, has agreed to acquire ZIM Integrated Shipping Services for a total of $4.2 billion [1]

Core Viewpoint - Hapag-Lloyd is acquiring Zim Integrated Shipping Services for $4.2 billion, representing a significant premium over Zim's recent stock price, pending necessary approvals from various stakeholders [2][3]. Group 1: Acquisition Details - Hapag-Lloyd has signed a deal to purchase Zim for $35.00 per share in cash, which is a 65% premium compared to Zim's closing price of $21.18 on the previous Friday [2]. - The acquisition will be financed through Hapag-Lloyd's cash reserves and external financing of up to $2.5 billion [3]. - The deal is expected to be completed by the end of this year, subject to approvals from the management board, supervisory board, and corporate bodies [3]. Group 2: Strategic Importance and Regulatory Considerations - Zim is regarded as a strategic asset for Israel, which holds a "golden share" in the company, allowing it to control certain strategic decisions, including ownership [4]. - Hapag-Lloyd has agreed to collaborate with FIMI Opportunity Funds to create a company that will manage obligations arising from the special state rights associated with Zim [5]. Group 3: Market Context and Company Performance - Zim has recently undergone a strategic review to explore various options, including a potential sale, due to a sharp decline in third-quarter earnings driven by falling freight rates and reduced container volumes [7]. - The company has warned of weakened conditions in the fourth quarter, reflecting a volatile market environment characterized by frequent tariff changes and global trade tensions [8].

Hapag-Lloyd has signed a deal to buy Israeli competitor Zim https://t.co/CcMMSFUpCT ...