Investment Rating - The report does not explicitly state an investment rating for the global shipping industry Core Insights - Capacity growth in the global shipping industry is projected at +8% year-over-year in June, a decrease from +10% in May [3] - Air freight rates have shown a growth of +2% year-over-year in April, down from +4% in March [1] - The overall number of scheduled sailings has increased by approximately +11% year-over-year [3] - The idling rate of vessels has decreased to 4.0% by TEU, compared to 4.5% the previous week, aligning with the ten-year average [3] - Schedule reliability improved to 57.5% in March, up from 54.5% in the previous month [3] Summary by Sections Capacity and Sailings - Capacity growth into the US is +4%, while growth into Europe is +10% [3] - Cancelled sailings decreased to 8.0% this week from 9.8% last week, which is higher than the previous year's level of 5.5% [3] Congestion and Reliability - Global congestion has decreased, with a seven-day moving average at 9.59 million TEU, down from 9.69 million TEU last week [4] - Congestion at the US West Coast decreased to 0.56 million TEU, while the US East Coast saw an increase to 0.72 million TEU [4] Market Dynamics - The China-US shipping lane experienced a volume drop of 30%-40% in April [8] - Shippers are currently in a "wait and see" mode, relying heavily on existing inventories across Canada, Mexico, and the US [8] - There is a significant impact expected on goods with no alternative to Chinese supply, with US consumers likely to absorb inflation if the situation does not resolve by summer [8] - If normalization occurs, demand growth is expected to catch up according to Maersk [8]

Core Viewpoint - Okeanis Eco Tankers Corp. (OET) is set to report its unaudited condensed results for Q1 2025 on May 14, 2025, with a subsequent webcast/teleconference scheduled for May 15, 2025 [1]. Company Overview - OET is a prominent international tanker company specializing in the seaborne transportation of crude oil and refined products [2]. - The company was incorporated on April 30, 2018, under the laws of the Republic of the Marshall Islands and is listed on both the Oslo Stock Exchange (OET) and the New York Stock Exchange (ECO) [2]. - The fleet consists of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers [2].

LONDON, May 09, 2025 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, today announces that its 2025 Annual Meeting will be held at 09:00 A.M. local time on June 16, 2025, at the offices of Baker Botts LLP, 30 Rockefeller Plaza, New York, New York, 10112, U.S.A. The record date for voting at the Annual Meeting is set as May 5, 2025. At the Annual Meeting, sh ...

LONDON, May 09, 2025 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces the following change to its board of directors (the “Board”) with effect from June 16, 2025: Yngvil Åsheim, who joined the Company’s Board in June 2023, as a designee of BW Group Limited, and who served on and contributed significantly to the Company’s Compensation and ESG Commi ...

Core Insights - CMB.TECH's diversified business model spans multiple sectors, including dry bulk, tankers, containers, and offshore wind, with over 250 vessels post-merger with Golden Ocean, aiming for long-term growth and sustainability [3][8] - The company emphasizes the importance of stability and a long-term vision in an industry often focused on short-term gains, with leadership prioritizing sustainable growth over immediate profits [5][6] - CMB.TECH is addressing the valuation gap between net asset values (NAV) and market valuations by focusing on earnings potential and strategic positioning rather than just liquidation value [6][7] Business Strategy - The merger with Golden Ocean is expected to increase CMB.TECH's free float from 8% to 38%, enhancing liquidity and attractiveness to institutional investors [7][8] - Post-merger, CMB.TECH will have a fleet of 253 vessels with an average age of 6.1 years, a contract backlog of $3 billion, and capex commitments of $2.2 billion, targeting a leverage of 50% [8] - The company plans to invest in ammonia and hydrogen as future fuels, aligning with emissions targets and focusing on sustainable growth [9][10] Newbuilding Program - CMB.TECH is overseeing an ambitious newbuilding program with 46 vessels on order, including ammonia-capable ships scheduled for delivery starting in 2026 [11] - All newbuilds will be equipped to operate on alternative fuels, except where engine technology is not commercially available, ensuring cost-effectiveness [11] Infrastructure and Regulatory Strategy - The company acknowledges challenges in developing bunkering networks for ammonia but believes existing infrastructure for industrial ammonia can support initial phases of adoption [12] - CMB.TECH's strategy does not rely solely on regulatory support, emphasizing the need for a self-sustaining business model that can thrive without subsidies [13] Market Outlook - Mr. Saverys expresses a bullish outlook on Africa, highlighting its potential due to population growth, technology adoption, and emerging trade routes [14][15] - The company believes that success in shipping will require a strategic focus on Africa, leveraging its unique economic models and sustainable practices [15]

Core Points - The U.S. Postal Service (USPS) has appointed David Steiner, former CEO of Waste Management, as the new postmaster general, succeeding Louis DeJoy and Doug Tulino [2] - Steiner is expected to officially join USPS in July and will resign from the FedEx board, where he has served since 2009 [2] - USPS reported a significant net loss of $9.5 billion in 2024, highlighting ongoing financial challenges [2] - Steiner expressed his honor in leading USPS, emphasizing the importance of its public service mission and its role as an independent establishment of the executive branch [2] - During his tenure at Waste Management from 2004 to late 2016, Steiner was recognized for transforming operations and culture, resulting in strong financial performance [3]

I am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. My historical focus has been mostly on tech stocks but over the past couple of years I have also started broad coverage of the offshore drilling and supply industry as well as the shipping industry in general (tankers, containers, drybulk). In addition, I am having a close eye on the still nascent fuel cell industry.I am located in Germany and have worked quite some time as an auditor for Pric ...

Group 1 - The focus has shifted towards offshore drilling, supply industry, and shipping, including tankers, containers, and dry bulk [1] - The fuel cell industry is being monitored as it is still in its early stages of development [1] Group 2 - The individual has extensive experience in auditing with PricewaterhouseCoopers before transitioning to day trading nearly 20 years ago [2] - Successfully navigated significant market events such as the dotcom bubble, the aftermath of the World Trade Center attacks, and the subprime crisis [2]

Company Overview - Dynagas LNG Partners LP is a master limited partnership that owns and operates LNG carriers under multi-year charters [2] - The current fleet consists of six LNG carriers with a total carrying capacity of approximately 914,000 cubic meters [2] Financial Announcement - The Board of Directors has declared a quarterly cash distribution of $0.049 per unit for the quarter ended March 31, 2025 [1] - This cash distribution is scheduled to be payable on or about May 23, 2025, to unit holders of record as of May 19, 2025 [1]

Financial Data and Key Metrics Changes - Teekay Tankers reported GAAP net income of $76 million or $2.2 per share and adjusted net income of $42 million or $1.21 per share in the first quarter [5] - The company generated approximately $65 million in free cash flow from operations during the quarter [6] - Teekay Tankers declared a regular quarterly fixed dividend of $0.25 per share and a special dividend of $1 per share, totaling a dividend payout of $1.25 per share [8] Business Line Data and Key Metrics Changes - Teekay Tankers has sold six vessels for total gross proceeds of approximately $183 million, with an expected accounting gain on sale of approximately $53 million [6] - The company has secured spot rates of $40,400 per day for Suezmax and $36,800 per day for Aframax LR2 fleets, with approximately 45% of spot days booked [7] Market Data and Key Metrics Changes - Midsized tanker spot rates have increased to the highest levels in over twelve months due to increased crude oil exports and sanctions on Russian and Iranian shipping [9] - Suezmax tanker tonne miles demand has benefited from a strong increase in the export of Kazakh crude oil, with record high loadings in March [10] Company Strategy and Development Direction - Teekay Tankers is focused on reducing exposure to older tankers and opportunistically selling 2009-built Suezmaxes as part of a fleet renewal plan [6] - The company is looking to acquire more modern tonnage as opportunities arise, while maintaining a disciplined approach to capital allocation [7][20] Management's Comments on Operating Environment and Future Outlook - Management noted that low oil prices support the tanker market through reduced operational costs and potential higher oil demand [12] - There is uncertainty regarding medium-term tanker market outlook due to economic and geopolitical developments, including trade tariffs and the ongoing war in Ukraine [14][17] Other Important Information - The average age of the global tanker fleet is 13.9 years, the highest since February 2001, indicating a potential need for scrapping older vessels to rebalance the fleet [19] - Teekay Tankers' free cash flow breakeven has declined to $13,200 per day, allowing for cash generation in various market conditions [20] Q&A Session Summary Question: Market outlook and asset values - Management discussed the balance between maintaining cash flow and the need to reinvest in new vessels, indicating that opportunities to reload may arise as market conditions change [24][25] Question: Attractively priced assets and liquidity - Management acknowledged the attractiveness of TNK shares trading at a discount to NAV but emphasized the need to invest in operational capacity for future cash flows [30][31] Question: Maintaining critical mass in fleet - Management indicated there is a threshold for fleet size that should not be dipped below to maintain commercial presence, but they have room to maneuver [38][39] Question: Capital deployment in tankers - Management expressed satisfaction with the current sector performance and indicated a focus on adjacent sectors for potential capital reallocation [46] Question: Seasonal strength of rates - Management noted that low oil prices and low inventories could lead to counter-seasonal strength in tanker rates, despite the uncertainty in the longer-term outlook [62][64]