ATHENS, Greece, June 24, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced that it has accepted a commitment letter whereby it intends to enter into an agreement for a refinancing of the existing loan outstanding of US$29,750,000 with Alpha Bank A.E. (the “Facility”) through two separate wholly-owned subsidiaries of the Company. This Facility is subject to the completion of cu ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, June 24th:Runway Growth Finance Corp. (RWAY) : This externally managed business development company which is focused on providing flexible capital solutions to late-stage and growth companies, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.4% over the last 60 days.This Zacks Rank #1 (Strong Buy) company has a dividend yield of 13%, compared with the industry average o ...

ATHENS, Greece, June 24, 2025 (GLOBE NEWSWIRE) -- EuroHoldings Ltd. (NASDAQ: EHLD) (“EuroHoldings” or the “Company”) an owner and operator of ocean-going vessels and provider of seaborne transportation, announced today that, that it will release its financial results for the first quarter ended March 31, 2025, on Wednesday, June 25, 2025, after market closes in New York. The Company will not host a conference call to discuss its results for the three-month period at this time. For any inquiries, stakeholder ...

ATHENS, Greece, June 24, 2025 (GLOBE NEWSWIRE) -- Icon Energy Corp. (“Icon” or the “Company”) (Nasdaq: ICON), an international shipping company providing worldwide seaborne transportation services for dry bulk cargoes via its fleet of oceangoing vessels, is pleased to announce the successful delivery of the M/V Charlie to its fleet. Delivery. On June 21, 2025, Icon took delivery of the M/V Charlie, a 2020-built, scrubber-fitted, eco Ultramax dry bulk carrier, it had agreed to bareboat charter-in from an una ...

This week, investors will get insight into the broader state of the transportation industry as it relates to delivery services with FedEx (FDX)  set to report results for its fiscal fourth quarter after market hours on Tuesday, June 24th.Notably, tariff-related volume headwinds have contributed to a more challenging operating environment for FedEx and other shipping and logistics companies, including its main competitor UPS (UPS) .That said, FedEx has stated it is actively helping customers navigate the evo ...

ATHENS, Greece, June 23, 2025 (GLOBE NEWSWIRE) -- EuroHoldings Ltd (NASDAQ: EHLD) (“EuroHoldings” or the “Company”) an owner and operator of ocean-going vessels and provider of seaborne transportation, announced today that certain shareholders, all associated with the Pittas family (the “Sellers”), have entered into a Stock Purchase Agreement (the “Transaction”) and sold 51.04% of the Company’s outstanding common shares to Marla Investments Inc., a company affiliated with the Latsis family (the “Purchaser”) ...

Core Viewpoint - ZIM Integrated Shipping is positioned as a more favorable investment compared to Frontline Plc due to its asset-light model, strong pricing power, and shareholder-friendly approach, while Frontline faces challenges from high debt and geopolitical risks [2][17]. ZIM Integrated Shipping - ZIM operates an asset-light model focusing on leasing rather than owning vessels, which enhances its profitability by avoiding low-margin segments [3][8]. - The company serves approximately 33,000 customers across over 330 ports globally, indicating a strong market presence [1]. - ZIM has declared a regular dividend of approximately $382 million or $3.17 per share for the December quarter, and $89 million or 74 cents per share for the first quarter of 2025, reflecting confidence in cash flow [4]. - ZIM has consistently beaten earnings estimates, with an average surprise of 34.5% over the past four quarters [5]. - Earnings estimates for ZIM have been revised upward for the second and third quarters of 2025, as well as for the full year [6][7]. - ZIM trades at a forward sales multiple of 0.31 and has a Value Score of A, indicating strong valuation metrics [8][15]. Frontline Plc - Frontline focuses on the transportation of crude oil and refined products, with a relatively young fleet averaging 6.8 years [9]. - The company has faced challenges due to high debt levels, primarily from capital expenditures on fleet renewal, which raises concerns about its financial stability [13]. - Frontline's earnings estimates have been revised downward due to geopolitical tensions and weakening demand, particularly from China [11][12]. - The company has lagged behind earnings estimates in two of the last four quarters, with an average miss of 4.4% [12]. - Frontline has a higher forward sales multiple of 3.06 and a Value Score of C, indicating less favorable valuation compared to ZIM [15]. Industry Context - The shipping industry is crucial for global trade, and any slowdown may disrupt trade routes, impacting companies like ZIM and Frontline [16]. - ZIM's business model allows it to adapt to tariff-related challenges by shifting capacity to more profitable routes, providing a competitive edge [16][17].

Group 1 - Euroseas Ltd. (ESEA) shares have increased by 18.4% over the past four weeks, closing at $44.78, with a mean price target of $56 indicating a potential upside of 25.1% [1] - The average price targets range from a low of $51.00 to a high of $60.00, with a standard deviation of $4.58, suggesting a relatively high agreement among analysts [2] - Analysts show strong agreement on ESEA's ability to report better earnings than previously predicted, which supports the expectation of an upside [4][11] Group 2 - The Zacks Consensus Estimate for ESEA's current year earnings has increased by 4.4% over the last 30 days, with no negative revisions [12] - ESEA holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [13] - While consensus price targets may not be reliable for predicting the extent of gains, they can indicate the direction of price movement, which is a useful guide [14]

20 June 2025 | 2:58AM CEST Around the world in 80 charts What the global transport markets say Q2 Ocean volumes up yoy, Air softer in recent weeks While intra-quarter volatility has been high, especially on the Pacific, the overall global (ocean) volume picture for Q2 looks relatively benign, in our view, with China port throughput +6%yoy QTD, Asia-Europe up mid single digits and Pacific volume declines Exhibit 15 contained by the recovery in China-US volumes in recent weeks and the strength out of SE Asia ...

FedEx founder Fred Smith, who turned a small delivery company into a global shipping giant, died on Saturday, the company said. https://t.co/YoFXg00Oqi ...