Shipping
Search documents
C3is Inc. announces the date for the release of the fourth quarter and twelve months 2025 financial and operating results
Globenewswire· 2026-02-16 13:15
Core Viewpoint - C3is Inc. is set to release its fourth quarter financial results for the period ending December 31, 2025, on February 19, 2026, before the market opens in New York [1] Group 1: Financial Results Announcement - The financial results will be presented during a conference call hosted by the company's management at 10:00 am ET on February 19, 2026 [1] - A live and archived webcast of the conference call will be available on the C3is Inc. website [2] - Participants are advised to register approximately 10 minutes prior to the start of the webcast, which will be in listen-only mode [2] Group 2: Company Overview - C3is Inc. is a ship-owning company that provides seaborne transportation services to dry bulk and tanker charterers, including major national and private industrial users, commodity producers, and traders [3] - As of the end of Q4 2025, the company owned three Handysize dry bulk carriers and one Aframax oil tanker, with a total capacity of 213,464 deadweight tons (dwt) [3] - The company's shares are listed on the Nasdaq Capital Market under the symbol "CISS" [3]
This Shipping Giant Is in Talks to by U.S.-Listed Rival. What to Know About the Potential Merger.
Barrons· 2026-02-16 12:06
This Shipping Giant Is in Talks to by U.S.-Listed Rival. What to Know About the Potential Merger. - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# This Shipping Giant Is in Talks to by U.S.-Listed Rival. What to Know About the Potential Merg ...
China's Russian oil imports to hit new record in February as India cuts back
Reuters· 2026-02-16 09:40
Core Insights - China's Russian oil imports are projected to reach a new record high in February, driven by independent refiners taking advantage of significant discounts on Russian crude as India reduces its purchases due to U.S. pressure [1][1][1] Group 1: Import Data - Russian crude shipments to China are estimated at 2.07 million barrels per day (bpd) for February, an increase from January's estimated 1.7 million bpd [1][1] - Kpler's provisional data indicates February imports at 2.083 million bpd, up from 1.718 million bpd in January [1][1] Group 2: Market Dynamics - Since November, China has become Moscow's top client for seaborne shipments, as India's imports fell to a two-year low of 1.159 million bpd in February [1][1] - The discount on Russian oil prices has reached $9 to $11 per barrel below benchmark ICE Brent for January/February deliveries to China, marking the lowest in years for Urals crude [1][1] Group 3: Competitive Landscape - Independent Chinese refiners, known as teapots, are the largest consumers of U.S.-sanctioned oil from Russia, Iran, and Venezuela, with Russian oil becoming more competitive compared to Iranian supplies [1][1] - The ESPO blend is trading at $8 to $9 per barrel discounts to ICE Brent for March deliveries, while Iranian Light is assessed at $10 to $11 below ICE Brent [1][1] Group 4: Geopolitical Factors - Uncertainty regarding potential U.S. military strikes on Iran has led to reduced buying from Chinese teapots, making Russian oil appear more reliable [1][1] - Iranian oil deliveries to China have decreased to 1.03 million bpd in February from 1.25 million bpd in January, often disguised as Malaysian oil to bypass U.S. sanctions [1][1]
Costamare Inc. Sets the Date for its Fourth Quarter 2025 Results Release, Conference Call and Webcast
Globenewswire· 2026-02-16 09:32
Core Viewpoint - Costamare Inc. is set to release its fourth quarter financial results for the year ended December 31, 2025, on February 18, 2026, before the market opens in New York [1] Earnings Release Details - The earnings release will occur on February 18, 2026, before market opening [1] - A conference call to discuss the financial results will be held on the same day at 8:30 a.m. ET [2] - Participants are advised to join the call 10 minutes early using specific dial-in numbers [2] Conference Call and Webcast - A replay of the conference call will be available until February 25, 2026, with designated numbers for the US and international participants [3] - A live webcast will also be available on the Costamare Inc. website, with registration recommended 10 minutes prior to the start [4] Company Overview - Costamare Inc. is a leading owner and provider of containerships for charter, with a history of 52 years in the international shipping industry [5] - The company operates a fleet of 69 containerships with a total capacity of approximately 520,000 TEU and has six newbuild containerships under construction with a capacity of 18,600 TEU [5] - Costamare's common stock and preferred stocks are traded on the New York Stock Exchange under various symbols [5]
Hapag-Lloyd in advanced talks to acquire Israel's ZIM Integrated Shipping
Reuters· 2026-02-16 09:32
Core Viewpoint - Hapag-Lloyd is in advanced negotiations to acquire ZIM Integrated Shipping Services, which would enhance its position as one of the largest ocean shipping companies globally [1] Company Summary - Hapag-Lloyd aims to consolidate its market position by acquiring ZIM's international operations for over $3 billion, while FIMI Opportunity Funds will acquire ZIM's Israeli operations [1] - The acquisition could increase Hapag-Lloyd's global market share from 7% to just under 9%, making it the fifth-largest ocean shipping company [1] Industry Context - The deal is seen as a strategic move to gain additional capacity in the short term, especially given the current limitations in shipyard delivery slots [1] - Regulatory approvals and a vote by ZIM's shareholders will be necessary for the transaction to proceed [1]
European Markets Edge Higher Amid Swiss GDP Miss; DHS Targets Tech Giants Over ICE Critics
Stock Market News· 2026-02-16 08:39
European Markets and Macroeconomic Data - European equity markets showed resilience with major indices moving into positive territory, including a 0.2% rise in the FTSE 100, 0.13% in the CAC 40, and 0.44% in the IBEX 35, as investors focused on regional stability despite a slight miss in Swiss economic data [2] - Switzerland's Q4 GDP growth was reported at 0.2%, missing the 0.3% forecast, but marking a recovery from a revised -0.5% contraction in Q3, indicating a fragile recovery amid global trade uncertainties and a strong franc [3][8] Corporate Winners and Losers - Plus500 led the stock gains with a 1.8% increase, followed by Hapag-Lloyd with a 0.4% rise, contributing to a modest cushion for the broader market [4] - Ratos experienced the steepest decline at 7.8%, with other notable losers including Norsk Hydro down 3.1%, HelloFresh down 3.0%, and Galderma down 1.4% [5] Tech Privacy and AI Ethics - The U.S. Department of Homeland Security has requested personal data from Alphabet, Meta, Reddit, and Instagram regarding users critical of ICE, raising concerns about digital privacy and government overreach [6][8] - Anthropic is focusing on AI safety by appointing Amanda Askell to lead the ethical development of its Claude chatbot, aiming to instill a "sense of right and wrong" to ensure humane interactions [7][8] Global Logistics Disruptions - East Africa's travel and logistics faced significant disruptions due to a strike by aviation workers, causing delays at Jomo Kenyatta International Airport, despite a court order intended to halt the strike [8][9]
Hapag-Lloyd in Advanced Talks Over Potential Acquisition of Israeli Rival Zim
WSJ· 2026-02-16 06:36
Group 1 - Ongoing negotiations for a deal involving all shares in the Israeli competitor have not yet led to any binding agreements [1]
X @Bloomberg
Bloomberg· 2026-02-16 06:04
A South Korean shipping firm has amassed a large share of the tanker market, with help from one of the industry’s wealthiest men https://t.co/tbFHinpoO1 ...
Shipping giant slashing nearly 500 locations
Yahoo Finance· 2026-02-15 21:15
Core Insights - The U.S. parcel volume is projected to grow significantly, reaching 22.37 billion shipments in 2024, a 3.4% increase from 2023, with expectations to hit 30 billion by 2030 [1] - Revenue growth for shipping companies has not kept pace with the increase in parcel volume, with total revenue rising by only 2.7% from $197.9 billion in 2023 to $203.2 billion in 2024 [2] - Major carriers like FedEx and UPS are facing challenges due to rising consumer expectations for faster, cost-free shipping, leading to significant operational cuts [3] Industry Trends - FedEx's Network 2.0 plan aims to streamline operations and reduce delivery costs, involving the closure of over 200 stations [4] - Analysts express skepticism about whether FedEx's Network 2.0 will alleviate pricing pressures, citing competitive rate pressures and freight headwinds [5][7] - Rising parcel volumes outpacing revenue growth, along with increasing labor and energy costs, may lead to higher shipping costs for consumers [6] Company Actions - FedEx plans to close more than 475 stations by the end of 2027, representing about 30% of its facility footprint, in response to competitive pressures [9] - UPS is also implementing significant cuts, including facility closures and workforce reductions, as part of its Network of the Future initiative [10][12] - Both companies are focusing on automation and efficiency to handle higher volumes and improve profitability [13] Competitive Landscape - Smaller independent carriers are gaining market share from FedEx and UPS, with a nearly 40% volume growth in the last five years [15][20] - UPS has reduced its reliance on low-margin business, notably cutting its volume from Amazon by over 50% [16] - The U.S. Postal Service's new low-cost shipping option is contributing to pricing pressures in the market [15] Consumer Impact - Despite efforts to lower operational costs, FedEx and UPS are not expected to reduce prices for consumers, potentially leading to higher shipping costs [17] - A survey indicates that shipping and logistics are likely to see significant price increases, with 22% of procurement professionals reporting cost rises of over 10% by the end of 2025 [19][21]
X @BBC News (World)
BBC News (World)· 2026-02-15 19:39
US boards second tanker in Indian Ocean after tracking it from Caribbean https://t.co/eIZ9Tur07O ...