Core Viewpoint - Danish shipping company Maersk is testing a blend of Brazilian ethanol with methanol and marine diesel, referred to as "bunker," to further decarbonize its vessel engines [1] Group 1 - The initiative is part of Maersk's broader efforts to reduce carbon emissions in its operations [1] - The testing of this fuel blend aligns with the shipping industry's increasing focus on sustainable practices and alternative fuels [1]

Core Insights - Several markets, including Austria, the UK, Portugal, Norway, and Singapore, are currently undervalued, trading at steep discounts compared to global peers, driven by narratives that overshadow fundamental analysis [1][2][12] Austria - Austria is characterized as a small, cyclical market with a concentration in banks, energy, and industrials, often sold off during negative European headlines, leading to modest earnings multiples and strong dividend yields [3][4] - Raiffeisen Bank International exemplifies this opportunity, offering a 6% yield and trading at a discount to tangible book value, with potential for re-rating if geopolitical tensions ease [4] United Kingdom - The UK market is marked by neglect and a structural discount, trading at a significant valuation gap to the U.S. while offering higher dividend yields [5][6] - Domino's Pizza Group serves as a case study, with stable cash flow, ongoing share buybacks, and a dividend yield of around 2.5%, yet still valued lower than U.S. counterparts [6] Portugal - Portugal's market is often overlooked due to its smaller size, focusing on utilities and energy, which provide steady earnings and respectable dividends despite being labeled as low growth [7][8] - Energias de Portugal SA represents this narrative, with a 4.1% yield and growth driven by grid modernization and renewable energy expansion [8] Norway - Norway's market is heavily influenced by energy but also benefits from strong operators and a robust sovereign wealth fund, providing high free cash flow yields [9][10] - MPC Container Ships ASA fits this profile, offering a near 9% yield and generating high free cash flow through long-term contracts [10] Singapore - Singapore's market is driven by its dominant banks and a strong REIT ecosystem, providing stable income and compounding book value despite being perceived as mature [11][12] - The Singapore Exchange ADR exemplifies this, with a dividend yield of about 3.5% and a focus on expanding trading and derivatives markets [11] Common Thread - The five markets share characteristics of strong cash generation, solid balance sheets, and have been undervalued by global investors, presenting substantial future return opportunities [12][13] Global Value Perspective - The valuation gap between the U.S. and other global markets has reached historical extremes, allowing investors to acquire solid, dividend-paying businesses in Europe and Asia at half the multiples of U.S. counterparts [14][15] - As global capital costs normalize, markets that offer yield, cash flow, and tangible value are expected to lead the next investment cycle [16]

Core Insights - FLNG (NYSE: FLNG) is currently offering a dividend yield of approximately 12%, making it the second-highest among shipping stocks, just behind SFL, which has a yield of 12.6% [1] Company Analysis - FLNG's dividend yield positions it favorably within the shipping industry, indicating strong potential for income-focused investors [1]

Core Viewpoint - Capital Clean Energy Carriers Corp. (CCEC) is set to release its third-quarter financial results on October 30, 2025, and will host an interactive conference call to discuss these results [1]. Company Overview - CCEC is an international shipping company focused on gas carriage solutions and energy transition, operating a fleet of 15 high-specification vessels, including 12 LNG carriers and three Neo-Panamax container vessels [5]. - The company has 16 new-buildings under construction, which include six LNG carriers, six dual-fuel medium gas carriers, and four handy-size LCO₂/multi-gas carriers, with deliveries scheduled between Q1 2026 and Q3 2027 [5]. Conference Call Details - The conference call will take place at 10:00 a.m. Eastern Time on October 30, 2025, with participants advised to dial in 10 minutes early [2]. - A live and archived webcast of the conference call will be available on the company's website, along with accompanying slides [4]. Contact Information - Investor relations contact is Brian Gallagher, EVP Investor Relations, reachable at +44-(770) 368 4996 or via email [7].

Core Insights - ORBCOMM has partnered with Evergreen Line to equip its dry container fleet with smart container technology, marking a significant advancement in the maritime industry towards intelligent, connected units [1][2] Company Overview - ORBCOMM is a global leader in industrial IoT, with over 30 years of innovation and more than 2.4 million connected devices, providing visibility and efficiency to critical operations [4] Industry Trends - The maritime industry is experiencing a shift where dry containers are evolving from static assets to smart, connected units, driven by demand for real-time data and enhanced cargo protection [2][3] - Smart intermodal containers are becoming the new standard, moving beyond mere visibility to include cargo protection and container security [3] Technological Advancements - ORBCOMM's second-generation smart dry container technology includes new sensors for security and cargo integrity, enabling longer sea journeys and providing the lowest total cost of ownership (TCO) and highest return on investment (ROI) for shipping lines [3]

Belgian shipping company CMB will become the sole shareholder of a green hydrogen project in Namibia, after acquiring the majority stake of a local partner https://t.co/YfBlWCLK7r ...

Core Viewpoint - CMB.TECH NV is initiating fixed income investor meetings to potentially issue a USD denominated five-year senior unsecured bond, with proceeds aimed at general corporate purposes and refinancing existing debt [1]. Company Overview - CMB.TECH is one of the largest listed, diversified maritime groups globally, operating a fleet of approximately 250 vessels, including dry bulk vessels, crude oil tankers, chemical tankers, container vessels, offshore wind vessels, and port vessels [2]. - The company also provides hydrogen and ammonia fuel to customers, sourced from its own production or third-party producers [2]. - CMB.TECH is headquartered in Antwerp, Belgium, with offices across Europe, Asia, the United States, and Africa [3]. Stock Information - CMB.TECH is listed on Euronext Brussels and the NYSE under the ticker symbol "CMBT," and on Euronext Oslo Børs under the ticker symbol "CMBTO" [3].

Core Viewpoint - CMB.TECH continues its fleet rejuvenation strategy by selling older vessels and taking delivery of newbuild vessels, indicating a proactive approach to maintaining a modern and efficient fleet [1][2][3]. Fleet Update - CMB.TECH delivered five newbuilding vessels in Q3 and Q4 to date [2]. - The company sold the VLCC Dalma (2007, 306,543 dwt) for a capital gain of 26.7 million USD, with delivery scheduled for Q4 2025 [2]. - The time charter of the VLCC Donoussa (2016, 299,999 dwt) has been extended for another 11 months until October 2026 [2]. - The vessels Hakata (2010, 302,550 dwt) and Hakone (2010, 302,624 dwt) were sold, generating a total capital gain of approximately 39.3 million USD in Q3 2025 [3]. - The capesize vessel Battersea (2009, 169,390 dwt) was sold for a capital gain of 2.4 million USD, with delivery also set for Q4 2025 [4]. Estimated Time Charter Equivalent Earnings (TCE) - The estimated average daily TCE rates for various vessel types are as follows: - Newcastlemax Average rate: Q3 2025 at 27,872 USD/day, Q4 2025 to date at 30,954 USD/day (61.6% increase) [5]. - Capesize Average rate: Q3 2025 at 20,577 USD/day, Q4 2025 to date at 27,084 USD/day (50.0% increase) [5]. - Panamax/Kamsarmax Average rate: Q3 2025 at 13,437 USD/day, Q4 2025 to date at 15,814 USD/day (56.0% increase) [5]. - VLCC Average spot rate: Q3 2025 at 28,715 USD/day, Q4 2025 to date at 54,206 USD/day (30.0% increase) [5]. - Suezmax Average spot rate: Q3 2025 at 47,104 USD/day, Q4 2025 to date at 49,249 USD/day (34.0% increase) [5]. - CSOV Average time charter rate: Q3 2025 at 27,272 USD/day, Q4 2025 to date at 120,331 USD/day (83.7% increase) [7]. Company Overview - CMB.TECH is one of the largest listed, diversified maritime groups globally, operating a fleet of approximately 250 vessels, including dry bulk vessels, crude oil tankers, chemical tankers, container vessels, and offshore wind vessels [8]. - The company is headquartered in Antwerp, Belgium, with offices across Europe, Asia, the United States, and Africa [8].

Core Insights - The logistics sector has seen significant engagement from investors, particularly in the ASEAN and US markets, highlighting its growth potential and diversification opportunities [1] - The popularity of insurance companies in the Philippines since 2014 has influenced investment strategies, leading to a broader portfolio that includes various industries and market capitalizations [1] - The entry into the US market in 2020 has allowed for comparative analysis between US and ASEAN markets, enhancing investment decision-making [1] Investment Focus - The company has diversified investments across banking, telecommunications, logistics, and hospitality sectors, indicating a strategic approach to portfolio management [1] - The shift from solely blue-chip investments to a mix of retirement holdings and trading profits reflects a dynamic investment strategy [1] - The use of platforms like Seeking Alpha for research and analysis has become integral to understanding market trends and making informed investment choices [1]

Core Insights - The logistics sector has seen significant engagement from investors, particularly in the ASEAN and US markets, highlighting its growth potential and diversification opportunities [1] - The popularity of insurance companies in the Philippines since 2014 has influenced investment strategies, leading to a broader portfolio that includes various industries and market capitalizations [1] - The entry into the US market in 2020 has allowed for comparative analysis between US and ASEAN markets, particularly in sectors like banking, hotels, and logistics [1] Investment Strategies - Initial investments were focused on blue-chip companies, indicating a conservative approach to stock investing [1] - The diversification into different industries and market cap sizes reflects a strategic shift towards balancing long-term retirement holdings with short-term trading profits [1] - The use of platforms like Seeking Alpha for knowledge sharing and analysis has enhanced investment decision-making processes [1] Market Engagement - The logistics and shipping sectors are highlighted as key areas of investment, indicating their importance in the overall portfolio [1] - The experience in both the Philippine stock market and the US market suggests a comprehensive understanding of different market dynamics and investment opportunities [1]