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Is Flex LNG (FLNG) Outperforming Other Transportation Stocks This Year?
ZACKS· 2025-05-30 14:46
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Flex LNG (FLNG) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.Flex LNG is one of 123 companies in the Transportation group. The Transportation group current ...
TEN, Ltd. Announces Date for the First Quarter 2025 Results, Conference Call and Webcast
Globenewswire· 2025-05-30 14:00
Company Overview - TEN Ltd. is a leading diversified crude, product, and LNG tanker operator, with a fleet consisting of 82 vessels, including various types of tankers and carriers, totaling 10.1 million deadweight tons (dwt) [6]. Earnings Announcement - TEN will report its earnings for the first quarter ended March 31, 2025, prior to the market opening in New York on June 17, 2025 [1]. - A conference call will be held on the same day at 10:00 a.m. Eastern Time to review the results and management's outlook for the business [2]. Conference Call Details - Participants are encouraged to dial in 10 minutes before the scheduled time using the provided US toll-free and international dial-in numbers [3]. - An alternative "call me" option is available for participants to join the conference call more quickly [4]. - A live and archived webcast of the conference call, along with accompanying slides, will be available on the company's website [5].
Diana Shipping Inc. Announces Results of 2025 Annual Meeting of Shareholders
GlobeNewswire News Room· 2025-05-30 13:10
Company Overview - Diana Shipping Inc. is a global provider of shipping transportation services, specializing in the ownership and bareboat charter-in of dry bulk vessels [2] - The company's vessels primarily operate on short to medium-term time charters, transporting various dry bulk cargoes such as iron ore, coal, and grain along worldwide shipping routes [2] Annual Meeting of Shareholders - The Annual Meeting of Shareholders was held virtually on May 28, 2025, with Broadridge Financial Solutions, Inc. acting as the inspector of the meeting [1] - Several proposals were approved at the meeting, including the election of three Class II Directors to serve until the 2028 Annual Meeting of Shareholders [7] - The appointment of Deloitte Certified Public Accountants S.A. as the independent auditors for the fiscal year ending December 31, 2025, was also approved [7] - An amendment to the Company's Amended and Restated Articles of Incorporation was approved, allowing the Board of Directors to effect one or more reverse stock splits of the Company's issued Common Shares, with a maximum aggregate ratio of 1-for-100 [7]
Diana Shipping(DSX) - 2025 Q1 - Earnings Call Presentation
2025-05-29 18:05
We create to share Financial Results for the 1 st Quarter of 2025 May 29, 2025 Our Presenting Team Semiramis Paliou Director & Chief Executive Officer Anastasios Margaronis Director & President Ioannis Zafirakis Director, Co-Chief Financial Officer, Chief Strategy Officer, Secretary & Treasurer Our Company's confidence stems from our established track record Eleftherios Papatrifon Maria Dede Director Co-Chief Financial Officer We create to share 2 Financial Results for the 1st Quarter of 2025 We create to s ...
Diana Shipping(DSX) - 2025 Q1 - Earnings Call Transcript
2025-05-29 14:02
Diana Shipping (DSX) Q1 2025 Earnings Call May 29, 2025 09:00 AM ET Company Participants Semiramis Paliou - CEO & DirectorMaria Dede - Co-Chief Financial OfficerAnastasios C. Margaronis - President & Director Operator Thank you for standing by, ladies and gentlemen, and welcome to the Diana Shipping Inc. Conference Call for the First Quarter twenty twenty five Financial Results. At this time, all participants are in a listen only mode. There will be a presentation followed by a question and answer session. ...
Euroseas Ltd. Announces Agreement to Sell its 2005-built 6,350 teu Intermediate Containership, M/V Marcos V
Globenewswire· 2025-05-29 13:15
Core Viewpoint - Euroseas Ltd. has announced the sale of its vessel M/V Marcos V for $50 million, which is expected to generate a gain of over $8.50 million for the company [1][2]. Company Overview - Euroseas Ltd. operates in the container shipping market and was established on May 5, 2005, under the laws of the Republic of the Marshall Islands [5][6]. - The company is managed by Eurobulk Ltd., which handles the day-to-day commercial and technical management of the vessels [6]. Fleet Profile - Euroseas currently has a fleet of 22 vessels, including 15 feeder containerships and 7 intermediate containerships, with a total cargo capacity of 67,494 teu [7]. - After the sale of M/V Marcos V and the delivery of two new intermediate containerships in 2027, the fleet will consist of 23 vessels with a total capacity of 69,744 teu [7]. Financial Performance - The M/V Marcos V was acquired in Q4 2021 for $40 million and has generated significant returns, realizing more than five times the original equity investment [2]. - The vessel was under a time charter contract at a rate of $42,000 per day for three years, with an option for a fourth year at $15,000 per day, which was exercised [2].
Diana Shipping Inc. Reports Financial Results for the First Quarter Ended March 31, 2025; Declares Cash Dividend of $0.01 Per Common Share for the First Quarter 2025
Globenewswire· 2025-05-29 12:10
ATHENS, Greece, May 29, 2025 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today reported net income of $3.0 million and net income attributed to common stockholders of $1.6 million for the first quarter of 2025. This compares to net income of $2.1 million and net income attributed to common stockholders of $0.6 million for the first quarter of 2024. Earnings per share for the first q ...
ZIM Updates on Withholding Tax Procedures on June 2025 Cash Dividend
Prnewswire· 2025-05-29 11:00
Core Viewpoint - ZIM Integrated Shipping Services Ltd. has announced an update regarding the dividend distribution scheduled for June 9, 2025, and has obtained an extension of a tax ruling from the Israeli Tax Authority concerning withholding tax procedures for shareholders [1][2]. Dividend Announcement - The company declared a dividend payment of $0.74 per ordinary share, totaling approximately $89 million, to be paid to shareholders as of June 2, 2025, with the payment date set for June 9, 2025 [6]. Tax Withholding Procedures - The current Israeli withholding tax rate on dividends is 30% for substantial shareholders and 25% for other ordinary shareholders. However, certain shareholders may qualify for a reduced withholding tax rate due to the recent ruling [7][8]. - To benefit from the reduced withholding tax rate, shareholders must comply with specific terms outlined in the ruling, including submitting required documentation by July 3, 2025 [10][11]. Agent Appointment - ZIM has appointed IBI Trust Management as the processing agent to facilitate the implementation of the tax ruling procedures for shareholders [9]. Eligibility for Reduced Tax Rate - Shareholders residing in countries with tax treaties with Israel may apply for a reduced tax withholding rate during the designated period, with applications evaluated based on Israeli tax laws and applicable treaties [8][14]. - Non-Israeli corporate shareholders must provide additional documentation, including a declaration of residency and shareholder register, to qualify for the reduced rate [14].
Nordic American Tankers Ltd (NYSE: NAT) – Report as per March 31, 2025 – The path points upward
Globenewswire· 2025-05-29 09:52
Thursday, May 29, 2025 Dear Shareholders and Investors, Ninety day periods offer a short-term snapshot of a company. However, a meaningful analysis must contain a bigger, longer-term picture. The direction of NAT is unquestionably upwards and we create room for profitable growth. Whatever we do, dividends remain an important objective. Highlights: The dividend for the first quarter is 7 cents ($0.07) per share. This is our 111th consecutive quarterly cash dividend. The dividend is payable June 26, 2 ...
Safe Bulkers: Still A Good Choice Despite External Headwinds
Seeking Alpha· 2025-05-28 16:54
Group 1 - The logistics sector has seen significant engagement from investors, particularly in the ASEAN and US markets [1] - Investment diversification has become a strategy for individuals, moving away from traditional savings in banks and properties [1] - The popularity of insurance companies in the Philippines has influenced investment choices since 2014 [1] Group 2 - Initial investments were made in blue-chip companies, but there is now a broader portfolio across various industries and market capitalizations [1] - The US market was entered in 2020, expanding investment opportunities beyond the Philippine market [1] - The use of analytical tools and resources from platforms like Seeking Alpha has enhanced comparative analysis between the US and Philippine markets [1]