ATHENS, Greece, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today a new time charter contract for its 2007-built 1,740 teu feeder containership, EM Spetses, for a minimum period of 22 to a maximum period of 24 months, at the option of the charterer, at a gross daily rate of $21,500. The new charter period will commence on April 12, 2 ...

GXO Logistics (GXO) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $1 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +4.92%. A quarter ago, it was expected that this contract logistics provider would post earnings of $0.78 per share when it actually produced earnings of $0.79, delivering a surprise of +1.28%.Over the last four quarters ...

PM Images/DigitalVision via Getty Images Dear Fellow Shareholders, For the three months ended December 31, 2025, the Third Avenue Value Fund (the “Fund”) returned 7.47%, as compared to the MSCI World Index[1], which returned 3.12%, and the MSCI World Value Index[2], which returned 3.34%. For the year-to-date period, the Fund returned 35.46%, compared to the MSCI World Index and the MSCI World Value Index, which returned 21.09% and 20.79%, respectively. As of year-end, annualized Fund performance for the ...

ATHENS, Greece, Feb. 9, 2026 /PRNewswire/ -- Danaos Corporation ("Danaos") (NYSE: DAC), one of the world's largest independent owners of container vessels, today reported unaudited results for the period ended December 31, 2025. Financial Summary Three Months Ended December 31, 2025 and Three Months Ended December 31, 2024 Unaudited (Expressed in thousands of United States dollars, except as otherwise stated) | Three Months | Three Months | | --- | --- | | Ended | Ended | | December 31, | December 31, 2024 ...

Hyundai Merchant Marine (HMM) has rolled out an early retirement program for employees aged 50 and older in another apparent cost restructuring measure from an ocean carrier. South Korean publication Maeil Business Newspaper first broke the news Tuesday. More from Sourcing Journal “This is a voluntary program for employees aged 50 and over, designed to create a virtuous cycle in the organization and improve management efficiency,” an HMM spokesperson said. The company is not implementing a fixed headcoun ...

Vi e w p o i n t | 15 Jan 2026 21:45:46 ET │ 41 pages Asia Shipping Upgrade Yang Ming & COSCO Shipping to Buy on cash and valuation — We believe our previous YM lagging orderbook Sell thesis was appreciated and more than priced- in following share price decline of >20% since Jun25 and YM more than doubling orderbook since (expect more). At near trough 0.6x 2026E PBV in relation to 4% core ROE supported by 2026E NT$42/sh of net cash ex lease liability, we U/G YM to Buy (from Sell) with NT$68 TP based on 0.7x ...

Euroseas Conference Call Summary Company Overview - Euroseas operates in the feeder and intermediate sectors of the container market with a fleet of 21 vessels and four under construction [2][3] - The company has been publicly listed since 2005, with a market capitalization growth from approximately $50 million to about $500 million [4] Fleet and Operations - The fleet includes six intermediate vessels averaging 18 years old and 15 feeder vessels, with nine new vessels built between 2023 and 2025 [5][6] - Future growth is supported by the order of four additional intermediate vessels for delivery in 2027 and 2028 [6] Financial Performance - For the nine-month period, Euroseas reported an average of 22.6 vessels at a charter rate of $28,735 per day, generating total net revenue of $170 million and net income close to $100 million [10] - The company paid a dividend of $0.70 per share for Q3, translating to an annualized yield of about 5% [10][11] - Projected earnings per share for 2026 and 2027 are expected to remain high due to significant charter coverage at rates exceeding $31,000 per day [11][12] Market Position and Outlook - Euroseas has a low break-even cost of $12,000 per day per vessel, providing substantial margins with current charter rates [13] - The company maintains a low bank debt of $224 million, representing about 33.3% of total book value of assets, indicating low leverage [14] - The estimated net asset value (NAV) per share is $85, while the current trading price is $53, reflecting a 38% discount [15] Industry Dynamics - The container shipping market experienced low rates from 2010 to 2020 due to oversupply, but rates surged post-COVID due to increased demand for goods [18] - Current geopolitical tensions, such as the Israeli-Gaza conflict, have led to increased charter rates, but normalization is expected in the coming years [19][20] - The order book for new vessels is at 34%, significantly lower than the historical highs, suggesting a more stable market environment [20][21] Investment Considerations - Euroseas is insulated from short to medium-term market fluctuations due to long-term charters secured at profitable levels [22] - The company has a strong commitment to rewarding shareholders with dividends and has a share repurchase program in place [24] - The feeder and intermediate container market fundamentals are positive, with a shrinking fleet expected in the sector [23] Risks and Challenges - Potential headwinds include geopolitical instability and global economic slowdowns, which could impact transportation demand [27][28] - The company is preparing for future fuel transitions by making new vessels LNG ready, although conventional fuel is expected to remain prevalent for some time [26] Conclusion - Euroseas presents a compelling investment opportunity in the container shipping sector, with strong financial performance, a well-managed fleet, and favorable market conditions, despite potential risks from geopolitical and economic factors [22][24]

Core Viewpoint - Danaos Corporation has announced a strategic partnership with Glenfarne Group to advance the Alaska LNG project, which includes a significant investment and the provision of LNG carriers for global delivery [1][2]. Group 1: Investment and Partnership - Danaos Corporation will invest $50 million in Glenfarne Alaska Partners LLC as part of the partnership [2]. - The company will also be the preferred tonnage provider for constructing and operating at least six LNG carriers for the Alaska LNG project [2]. Group 2: Project Phases and Development - The Alaska LNG project is being developed in two phases: Phase One involves a 765-mile pipeline to transport natural gas for domestic energy needs, while Phase Two will include an LNG liquefaction terminal to export 20 million tonnes per annum (MTPA) of LNG [3]. - Glenfarne has secured preliminary commercial commitments for 11 MTPA of LNG from buyers in Japan, Korea, Taiwan, and Thailand [4]. Group 3: Company Background - Glenfarne Group is a global developer and operator of energy infrastructure, with a North American LNG portfolio totaling 32.8 MTPA of capacity under development [5]. - Danaos Corporation operates a fleet of 75 container vessels with a total capacity of 477,491 TEUs and has invested in the dry bulk sector with 11 capesize drybulk vessels [6].

Core Viewpoint - Bed Bath & Beyond's former corporate entity has filed a complaint against Hyundai Merchant Marine for alleged service failures and excessive fees during the pandemic [1][2]. Group 1: Complaint Details - The complaint was filed with the Federal Maritime Commission, alleging violations of the U.S. Shipping Act by Hyundai Merchant Marine [1]. - The complaint targets HMM for a pattern of service failures, coerced surcharges, and punitive billing practices during the pandemic [2]. - The core of the complaint involves two service contracts for the shipping years 2020-2021 and 2021-2022, which included minimum quantity commitments of 1,000 FEUs and 2,000 FEUs respectively [3]. Group 2: Service Failures and Financial Impact - HMM allegedly failed to provide the contracted vessel space, resulting in a shortfall of over 60 FEUs in the first year and more than 530 FEUs in the second year [4]. - The retailer claims to have incurred over $9.3 million in additional costs due to these service failures across the two years [4]. - The complaint also accuses HMM of conditioning access to shipping space on the payment of peak season surcharges and other fees, contrary to the contract terms [5]. Group 3: Pricing and Performance Issues - Emails referenced in the complaint indicate that HMM offered limited weekly allocations only if Bed Bath & Beyond agreed to increase surcharge levels, with charges rising from $1,000 to $1,500 per container [6]. - Despite paying the additional fees, the performance of HMM did not improve significantly, according to the former retailer [6].

Summary of Key Points from the Conference Call Industry Overview - **Industry Focus**: The analysis covers the transportation sector in China, specifically airlines, tankers, and container shipping, with a positive outlook on airlines and tankers while turning bearish on container shipping [1][8][10]. Airlines - **Positive Outlook**: Airlines are expected to benefit from higher international demand and supply constraints, leading to above-cycle Return on Equity (ROE) of 22% in 2027 [1]. - **Earnings Forecast**: The net demand forecast for airlines has been raised to 1.6% and 1.3% for 2026 and 2027, respectively, leading to an earnings upgrade for 2027. However, earnings for 2026 have been cut due to the negative impact from China-Japan flight cancellations [1][10]. - **Key Picks**: Air China-H and CEA-A are highlighted as key investment picks due to their price outperformance [1]. Tanker Shipping - **Optimistic Projections**: The crude tanker sector is expected to see further spot rate hikes amid a continuous upcycle in 2026, driven by faster crude stockpiling in China [2][10]. - **Average TCE Rates**: The average Time Charter Equivalent (TCE) for Very Large Crude Carriers (VLCC) is forecasted to rise to $75, up from $56 in 2025 [1]. - **Supply Dynamics**: Supply growth is expected to be limited to 1% in 2026, with a lower effective supply growth forecast due to the exit of sanctioned capacity and increased storage use [2][10]. Container Shipping - **Bearish Stance**: The outlook for container shipping has turned bearish due to higher-than-expected new ship orders, which have driven the order book to 33% of current capacity. This is expected to lead to a deeper and longer downcycle [3][10]. - **Demand Decline**: There is a shrinking demand on the Transpacific route, exacerbated by declining US imports, which poses further downside risks [3]. Shipbuilding - **Continued Upcycle**: The shipbuilding sector is expected to benefit from limited supply growth, with a slight decline in new ship prices anticipated in the medium term due to a drop in new orders [22][10]. - **Long-term Outlook**: The order book coverage is expected to remain above 2.5x until 2032, indicating sustained demand for shipbuilding despite short-term fluctuations [22][24]. Ports and Exports - **Resilient Exports**: China's resilient export growth is projected at 5-6% per year, benefiting port operators and shipyards [11][10]. - **Port Operators**: Chinese port operators are expected to benefit from this resilient export growth, while shipyards may regain market share due to competitive pricing and cost advantages [11]. Key Investment Recommendations - **Buy Recommendations**: Air China, China Eastern Airlines, COSCO Shipping Energy, and COSCO Ports are recommended for purchase [9][10]. - **Sell Recommendations**: COSCO Shipping Holdings, Eastern Air Logistics, and Shanghai Airport are recommended for sale due to bearish outlooks [9][10]. Additional Insights - **Market Dynamics**: The analysis highlights the impact of supply constraints and lower oil prices on the transportation sector, with airlines and tankers positioned favorably compared to container shipping [8][10]. - **Scenario Analysis**: Potential scenarios regarding the reopening of the Red Sea and its impact on container shipping and tankers are discussed, indicating mixed outcomes for tankers and significant negative impacts for container shipping [12][10]. This comprehensive analysis provides a detailed overview of the current state and future outlook of the transportation sector in China, highlighting key investment opportunities and risks.