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Okeanis Eco Tankers Corp. – Key Information relating to Q4 2025 dividend
Globenewswire· 2026-02-18 21:20
Core Viewpoint - Okeanis Eco Tankers Corp. has declared a dividend of USD 1.55 per common share, with specific payment details for shareholders registered in different exchanges [1][6]. Dividend Declaration - The dividend amount is set at USD 1.55 per common share, payable in NOK for shares registered in Euronext VPS [6]. - The Board approved the dividend on February 18, 2026 [6]. Payment and Ex-Dividend Dates - Last day including right on OSE is February 27, 2026, and on NYSE is March 2, 2026 [6]. - Ex-dividend date for OSE is March 2, 2026, and for NYSE is March 3, 2026 [6]. - Record date for both exchanges is March 3, 2026, with payment expected on March 10, 2026 [6]. Company Overview - Okeanis Eco Tankers Corp. is a leading international tanker company specializing in the transportation of crude oil and refined products [4]. - The company operates a fleet of eight modern scrubber-fitted Suezmax tankers and eight VLCC tankers [4].
Iran's Khamenei Warns Of 'Slap' To US Military Amid Strait Of Hormuz's Temporary Closure: LMT, RTX Eyed—FRO, DHT On Watch For Shipping Risks - Lockheed Martin (NYSE:LMT)
Benzinga· 2026-02-18 07:22
Group 1 - Iran announced the temporary closure of the Strait of Hormuz for live-fire drills, impacting global shipping and U.S. defense contractors as regional tensions rise [1] - The Strait of Hormuz is crucial as it handles 20% of the world's oil, leading to increased scrutiny on tanker companies and defense stocks [2] - As of February 18, Brent crude is trading at approximately $67.63 per barrel, up 0.31%, while West Texas Intermediate is at about $62.40 per barrel, higher by 0.22% [2] Group 2 - Despite military tensions, Iranian Foreign Minister expressed optimism for a sustainable solution during a U.N. disarmament conference, indicating a potential diplomatic opening [4] - U.S. Vice President noted that while some progress has been made in indirect nuclear talks, Iran has not acknowledged certain "red lines" set by the previous administration [4]
Hafnia Limited: Well-Integrated Shipping Giant Offering Attractive Investor Yield
Seeking Alpha· 2026-02-17 16:56
Core Insights - Hafnia Limited (HAFN) is highlighted as an interesting tanker company with potential investment opportunities in the current income portfolio [1] Company Overview - Hafnia Limited operates in the tanker industry, which is characterized by active market dynamics and frequent news updates [1] Analyst Background - The analyst has over a decade of experience in financial markets, primarily in hedge funds, with a focus on rigorous research standards [1] - The analyst has a strong interest in technology sectors, particularly SaaS and cloud businesses, as well as energy and minerals sectors, which are seen as offering significant growth opportunities [1]
International Seaways Announces Sale of Vessels
Businesswire· 2026-01-29 11:45
Core Viewpoint - International Seaways, Inc. has sold or entered into agreements to sell five vessels for approximately $185 million, expecting to recognize gains of about $65 million from these sales [1]. Group 1: Vessel Sales - The company has sold or agreed to sell five vessels, generating aggregate proceeds of approximately $185 million, net of commissions and fees [1]. - The vessels sold are among the oldest in the fleet, including three MRs with an average age of 18 years and two VLCCs with an average age of 15 years [1]. - The company anticipates closing these transactions during the first quarter of 2026 [1]. Group 2: Company Overview - International Seaways, Inc. is one of the largest tanker companies globally, providing energy transportation services for crude oil and petroleum products [2]. - The company currently owns and operates a fleet of 73 vessels, which includes 12 VLCCs, 13 Suezmaxes, five Aframaxes/LR2s, 11 LR1s (including four newbuildings), and 32 MR tankers [2]. - The company is headquartered in New York City and is committed to high operational efficiency and customer service [2].
Tsakos Energy Navigation (NYSE:TEN) 2026 Conference Transcript
2026-01-22 17:02
Tsakos Energy Navigation (NYSE:TEN) 2026 Conference Summary Company Overview - Tsakos Energy Navigation (TEN) is recognized as the longest-running publicly traded tanker company on the New York Stock Exchange, established in 1993 [2][3] - The company has been awarded "Energy Transporter of the Year" by TIME Magazine for three consecutive years, highlighting its strong environmental record [1][2] Industry Context - The shipping and tanker market has faced numerous crises over the years, including the COVID-19 pandemic and geopolitical tensions such as the war in Ukraine, which have significantly impacted energy transportation routes [4][5] - The current tanker market is characterized by a lack of overbuilding, with approximately 30% of the tonnage in gray or black zones, creating opportunities for reputable companies like TEN [5][6] Fleet and Operations - TEN has strategically reinvested in its fleet, selling 17 older vessels and acquiring 33 modern ships, effectively doubling its fleet size and tripling its deadweight capacity while reducing the average age of its fleet to 0.6 years [6][7] - The company has secured significant contracts, including a major deal for deep-sea oil excavation with Transpetrol and Petrobras, positioning it as one of the largest DP2 shuttle tanker owners [6][7] Financial Performance - TEN has maintained a debt level under 50%, with a focus on healthy cash reserves to support growth and dividend payments [7][19] - The company has consistently paid dividends since its inception, with a recent announcement of a $1 dividend for 2025, reflecting its commitment to shareholder returns [8][20] Market Outlook - The oil demand is projected to exceed 103 million barrels per day, with expectations for further increases in 2025 and 2026, despite geopolitical uncertainties [20][21] - The current fleet is limited, with only about 14% of the fleet in the order book, indicating potential for high asset prices and rates in the coming years [21][22] - The company anticipates a favorable market environment for at least the next two to three years, driven by scrapping of older vessels and insufficient new builds to meet rising demand [23][24] Strategic Insights - TEN employs a diversified fleet strategy, balancing fixed time charters, profit-sharing arrangements, and spot market exposure to mitigate risks associated with market volatility [12][15] - The company is cautious about over-leveraging and maintains a conservative approach to financing, ensuring it can capitalize on growth opportunities without compromising financial stability [16][17][47] Conclusion - TEN is well-positioned to navigate the complexities of the shipping industry, leveraging its modern fleet, strong client relationships with major oil companies, and a disciplined financial strategy to capitalize on emerging opportunities in the energy transport sector [12][19][49]
Okeanis Eco Tankers Corp. – Completion and pricing of USD 130 million offering of new common shares
Globenewswire· 2026-01-21 12:02
Core Viewpoint - Okeanis Eco Tankers Corp. has successfully priced an offering of 3,611,111 new shares at USD 36.00 per share, raising approximately USD 130 million for vessel acquisitions and general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of 3,611,111 new shares priced at USD 36.00 each, raising gross proceeds of about USD 130 million [1]. - The net proceeds will be partially used for acquiring two newbuilding Suezmax vessels, each priced at USD 99.3 million, currently under construction [2]. - The vessels are expected to be delivered in the second quarter of 2026, contingent upon obtaining necessary debt financing [2]. Group 2: Allocation and Trading - Notification of allocation is expected on January 21, 2026, around 13:00 CET [3]. - The offering is anticipated to be completed by January 23, 2026, with shares available for trading on the New York Stock Exchange post-settlement [4]. Group 3: Compliance and Registration - The offering complies with the equal treatment obligations under the Norwegian Securities Trading Act [5]. - It is made pursuant to the Company's shelf registration statement declared effective by the SEC on May 21, 2025 [6]. Group 4: Company Overview - Okeanis Eco Tankers Corp. is a leading international tanker company providing seaborne transportation of crude oil and refined products, incorporated in 2018 and listed on both the Oslo Stock Exchange and the New York Stock Exchange [12].
Nordic American Tankers Ltd (NYSE: NAT) – Important transactions in a strong market. Solid prospects
Globenewswire· 2026-01-16 12:34
Core Insights - The company has engaged in several transactions, including refinancing parts of its fleet, selling four ships, purchasing two ships, and ordering two newbuildings, indicating an active operational period [1] - The tanker market is currently favorable, positioning the company solidly within the industry [1] Transaction Details - The company has signed preliminary agreements for the construction of two suezmax tankers at a price of $86 million each, with delivery scheduled for 2028 [5] - The South Korean shipyard Daehan Shipbuilding will construct the new tankers [5] - The finalized sale of two vessels built in 2004 and 2005 has generated net cash of $50 million for the company [5]
Best Momentum Stocks to Buy for Jan. 13
ZACKS· 2026-01-13 16:16
Group 1: Albemarle Corporation (ALB) - Albemarle Corporation is an energy storage solutions company with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings increased by 19.7% over the last 60 days [1] - Albemarle's shares gained 76.5% over the last three months, while the S&P 500 declined by 5.2% [1] - The company has a Momentum Score of A [1] Group 2: KNOT Offshore Partners LP (KNOP) - KNOT Offshore Partners LP is a tanker shipping company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings increased by 41.3% over the last 60 days [2] - KNOT's shares gained 17.4% over the past three months, compared to the S&P 500's decline of 5.2% [2] - The company has a Momentum Score of B [2] Group 3: Lincoln Educational Services Corporation (LINC) - Lincoln Educational Services Corporation is a postsecondary education company with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings increased by 5.1% over the last 60 days [3] - Lincoln Educational Services' shares gained 14.4% over the last three months, while the S&P 500 declined by 5.2% [3] - The company has a Momentum Score of B [3]
Best Value Stocks to Buy for Jan.13
ZACKS· 2026-01-13 09:20
Group 1: American Public Education, Inc. (APEI) - American Public Education is an education services provider with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 6.9% over the last 60 days [1] - The company has a price-to-earnings ratio (P/E) of 18.16, compared to 25.57 for the S&P [1] - American Public Education possesses a Value Score of B [1] Group 2: KNOT Offshore Partners LP (KNOP) - KNOT Offshore Partners is a tanker shipping company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its next year earnings has increased by 41.3% over the last 60 days [2] - The company has a price-to-earnings ratio (P/E) of 7.66, compared to 25.57 for the S&P [2] - KNOT Offshore Partners possesses a Value Score of A [2] Group 3: CF Industries Holdings, Inc. (CF) - CF Industries is an industrial gases company with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 4.6% over the last 60 days [3] - The company has a price-to-earnings ratio (P/E) of 11.36, compared to 12.40 for the industry [3] - CF Industries possesses a Value Score of A [3]
Teekay Tankers: Built For A Cycle, Not Just A Spike
Seeking Alpha· 2026-01-10 15:45
Core Insights - The article highlights the qualifications and experience of a finance professional with expertise in data analytics, financial modeling, and investment research, particularly in the property management sector in Istanbul [1]. Group 1: Professional Background - The individual is ACC-qualified and holds a Master's in Audit & Accounting from Istanbul University [1]. - Over two years of experience as a Data Scientist and Financial Analyst at a leading property management firm [1]. - Developed budgets, set targets, and utilized data-driven insights to enhance profitability [1]. Group 2: Areas of Expertise - Proficient in financial modeling, market analysis, and investment research [1]. - Hands-on experience in stocks and cryptocurrency [1]. - Focus on delivering concise and conversational writing to assist readers in making informed financial and investment decisions [1].