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Avance Gas Holding Ltd: Reminder on appointment of joint liquidators, de-listing of shares and dissolution
Globenewswire· 2025-08-15 13:00
Avance Gas Holding Ltd (the “Company”) reminds shareholders that on 16 May 2025 the shareholders of the Avance Gas Holding Ltd (the “Company”) passed resolutions (the “Resolutions”) that the Company be wound up voluntarily and that Michael Penrose of EY Bermuda Ltd., 3 Bermudiana Road, Hamilton, HM08, Bermuda and Igal Wizman of EY Bahamas Ltd., Caves Corporate Centre, West Bay Street & Blake Road, Nassau N-3231, The Bahamas, be appointed as Joint Liquidators (“JLs”) of the Company. The appointment of the JL ...
International Seaways Q2 2025: Solid Balance Sheet And Resilient Outlook Despite Mixed Results
Seeking Alpha· 2025-08-15 07:06
Group 1 - International Seaways reported mixed results for Q2 2025, showing better performance quarter on quarter but slightly worse figures compared to Q2 2024 [1]
Fossil Group: Turnaround Play With Substantial Upside - Strong Buy
Seeking Alpha· 2025-08-15 02:55
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]
Press release: Publication of exemption document
GlobeNewswire News Room· 2025-08-14 21:14
Core Viewpoint - CMB.TECH NV is moving forward with a stock-for-stock merger with Golden Ocean Group Limited, having published an exemption document and a special report from the supervisory board regarding the merger [1][5]. Group 1: Exemption Document - The exemption document outlines the main features of the merger and is available on CMB.TECH's website [2]. - It is prepared for the admission of new ordinary CMB.TECH shares on Euronext Brussels and for a secondary listing on Euronext Oslo Børs [3]. - The document serves informational purposes and does not constitute an offer or solicitation for securities [4]. Group 2: Company Profiles - CMB.TECH is a diversified maritime group operating over 160 vessels, including crude oil tankers and container ships, and is involved in hydrogen and ammonia fuel production [6]. - CMB.TECH is listed on Euronext Brussels and the NYSE under the ticker symbol "CMBT" [7]. - Golden Ocean is a Bermuda-based shipping company specializing in dry bulk cargo transportation, with a fleet of over 90 vessels and a capacity of approximately 13.7 million deadweight tonnes [8].
Kornit Digital: Weak Outlook Likely To Keep In The Penalty Box For Longer - Hold
Seeking Alpha· 2025-08-14 19:50
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 navigating significant market events such as the dotcom bubble, the aftermath of the World Trade Center attacks, and the subprime crisis [2] - The individual has a background in auditing with PricewaterhouseCoopers before transitioning to day trading [2]
All You Need to Know About Ardmore Shipping (ASC) Rating Upgrade to Strong Buy
ZACKS· 2025-08-14 17:01
Core Viewpoint - Ardmore Shipping (ASC) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, suggesting that upward revisions in earnings estimates can lead to higher stock prices [4][6]. - Ardmore Shipping is projected to earn $1.20 per share for the fiscal year ending December 2025, with no year-over-year change, but the Zacks Consensus Estimate has increased by 2.6% over the past three months [8]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a "Strong Buy" rating, indicating superior earnings estimate revisions, which positions Ardmore Shipping favorably for potential market-beating returns [9][10].
Why Torm Stock Popped Today
The Motley Fool· 2025-08-14 15:21
A new vision of what lies on the horizon for the rest of 2025 has investors excited about this shipping stock. Sailing higher throughout the week, shares of tanker stock Torm (TRMD 8.29%) are extending their upward trend today. The company reported second-quarter 2025 financial results today as well as updated 2025 guidance, and investors are eager to click the buy button as a result. As of 10:41 a.m. ET, shares of Torm are up 7.7%. Management sees calm seas through the rest of 2025 Reporting revenue of $31 ...
TORM plc(TRMD) - 2025 Q2 - Earnings Call Presentation
2025-08-14 14:00
Financial Performance - Second Quarter 2025 TCE was USD 208 million, compared to USD 214 million in the first quarter of 2025[7] - Second Quarter 2025 EBITDA was USD 127 million, down from USD 136 million in the first quarter of 2025[7] - Net profit for the Second Quarter 2025 was USD 59 million, compared to USD 63 million in the previous quarter[7] - The company's fleet size decreased from 91 vessels in Q1 2025 to 88 vessels in Q2 2025[7] - The company's dividend payout ratio was 67% in Q2 2025, a 5 percentage point increase from 62% in Q1 2025[32] Market Dynamics - Trade volumes reached a 16-month high at the start of Q3, driven by increased exports from the Middle East, Asia, and the Americas[17] - CPP-trading product tanker fleet capacity declined by approximately 2%, despite a 4% nominal fleet growth, comparing end Q2 2025 vs end Q2 2024[28] Future Outlook - The company expects TCE earnings to be USD 800 million - 950 million and EBITDA to be USD 475 million - 625 million for 2025[54] - The company has coverage for Q3 2025 at 56% at USD 30,617 per day and 66% coverage for FY 2025 at USD 27,833 per day[53]
X @Bloomberg
Bloomberg· 2025-08-14 11:06
The CEO of the world’s No. 5 container carrier sees Red Sea shipping diversions entering a third year https://t.co/suUDHMwF6W ...
CMB.TECH Business update Q2 2025 results
Globenewswire· 2025-08-14 06:33
Core Viewpoint - CMB.TECH NV is set to announce its Q2 2025 earnings on August 28, 2025, and is providing preliminary figures due to an impending stock-for-stock merger with Golden Ocean Group Limited [1][2][3]. Group 1: Earnings Announcement - The Q2 2025 results will be released before market opening on August 28, 2025, followed by a conference call at 8 a.m. EST / 2 p.m. CET [1][4]. - Preliminary key figures for Q2 2025 will be shared in the business update, although these figures are unaudited and subject to change [2][3]. Group 2: Conference Call Details - The earnings conference call will be an audio webcast with a user-controlled slide presentation [5]. - Participants can register for the conference call through a provided link, and those unable to pre-register can dial in using a specific phone conference ID [6]. Group 3: Company Overview - CMB.TECH is a diversified maritime group operating over 150 vessels, including crude oil tankers, dry bulk vessels, and offshore wind vessels [7]. - The company is headquartered in Antwerp, Belgium, and has a global presence with offices in Europe, Asia, the United States, and Africa [7][8].