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Matson Promotes Three Executives to New Leadership Roles
Prnewswire· 2025-08-29 19:00
Group 1 - Matson has promoted Vic Angoco to Executive Vice President, Operations, overseeing network operations from the new corporate office in Walnut Creek, California [1][6] - Angoco has a 35-year maritime career, joining Matson in 1996 and rising through various leadership roles, including Senior Vice President of the Pacific Division since 2010 [2][6] - Jennifer Tungul has been promoted to Senior Vice President, Alaska, succeeding Angoco, and has been with Matson since 2002, holding various finance and operations roles [3][6] Group 2 - Rob Olson has been promoted to Vice President, Alaska Operations, succeeding Tungul, and will manage terminal operations in Anchorage, Kodiak, and Dutch Harbor [4][6] - Olson joined Matson in 2022 as General Manager, Anchorage Terminal, and has experience in transportation and maintenance management [5][6] - The leadership changes are aimed at strengthening Matson's operations and ensuring effective management of Alaska operations [6]
Imperial Petroleum Inc. Announces the Date for the Release of Second Quarter and Six Months 2025 Financial and Operating Results, Conference Call and Webcast
Globenewswire· 2025-08-29 13:20
ATHENS, Greece, Aug. 29, 2025 (GLOBE NEWSWIRE) -- Imperial Petroleum Inc. is a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services, announced today that it will release its second quarter and six months financial and operating results for the period ended June 30, 2025 before the market opens in New York on September 5, 2025. On September 5, 2025 at 10:00 am ET, the company’s management will host a conference call to discuss the results and the company’s ...
Frontline(FRO) - 2025 Q2 - Earnings Call Presentation
2025-08-29 13:00
Financial Performance - Reported revenues for Q2 2025 were $480.1 million[8] - Net profit for Q2 2025 was $77.5 million, or $0.35 per basic and diluted share[10] - Adjusted profit for Q2 2025 was $80.4 million, or $0.36 per basic and diluted share[10] - Declared a cash dividend of $0.36 per share for Q2 2025[8] - Strong liquidity of $844 million in cash and cash equivalents as of June 30, 2025[16] Fleet and Operations - VLCC TCE was $43,100 with 82% contracted[8] - Suezmax TCE was $38,900 with 76% contracted[8] - LR2 / Aframax TCE was $29,300 with 73% contracted[8] - Fleet average cash breakeven rate is $25,900 for the next 12 months[19] - Q2 2025 fleet average opex excluding drydock was $8,100[19] Market Dynamics - Compliant tanker fleet utilization is improving due to compliant oil export growth[30]
海洋+AI、航运、生物医药、人才四大平行论坛将亮相2025海洋合作发展论坛
Qi Lu Wan Bao· 2025-08-29 02:19
平行论坛三,聚焦海洋生物医药。海洋生物医药是海洋强国和健康中国两大战略的承接,是海洋新兴产 业中最具发展潜力的领域之一。平行论坛三以"向海问药—生物医药创新的蓝色机遇"为主题,邀请到中 国医药创新促进会执行会长宋瑞霖,中国工程院院士薛长湖等院士专家发布一系列重量级主题报告,推 动更多生物医药企业拓展海洋业务,共创蓝色发展机遇。同时,围绕创新药、海洋生物制品、医美美妆 生物技术等重点领域,邀请华熙生物、修正药业等龙头企业与本地高校院所、重点企业进行对话,推动 建立以企业为主体、市场为导向、产学研深度融合的协同创新体系。 平行论坛四,聚焦海洋青年人才。主要探讨海洋领域青年人才合作及科技创新,促进海洋人才交流合 作。 平行论坛一,聚焦海洋人工智能。推动"海洋+AI"深度融合,是顺应时代发展潮流、服务国家重大战略 的必然选择。平行论坛一以"智绘蔚蓝—模塑'海洋+AI'融合发展新未来"为主题,组织举办海洋人工智 能大模型产业联盟成立仪式、大模型赋能海洋产业实践秀、擘画"海洋+AI"新蓝图主题报告等活动,拟 邀请来自清华大学、中国科学院海洋研究所、中国信通院等高校院所,以及华为、百度等领军企业的 150余位院士、专家、企 ...
Genco Shipping & Trading Announces Appointment of John C. Wobensmith as Chairman and Kathleen C. Haines as Lead Independent Director
Globenewswire· 2025-08-28 20:15
Company Overview - Genco Shipping & Trading Limited is the largest U.S. headquartered drybulk shipowner focused on global transportation of commodities, operating a fleet of 43 vessels with an average age of 12.6 years and an aggregate capacity of approximately 4,628,000 dwt [6]. Leadership Changes - James G. Dolphin has retired from the Board after 11 years of service, with the decision not stemming from any disagreement regarding the company's strategy or operations [1]. - John C. Wobensmith has been appointed as Chairman of the Board in addition to his role as Chief Executive Officer, while Kathleen C. Haines has been appointed as Lead Independent Director [2]. Board Governance - The creation of the Lead Independent Director role emphasizes the Board's commitment to robust corporate governance, including a strong majority of independent directors and no related party transactions [3]. - Responsibilities of the Lead Independent Director include presiding over executive sessions, serving as a liaison between the Chairman and independent directors, and managing meeting schedules to ensure adequate discussion time [4]. Strategic Vision - The Board expresses confidence in Genco's strategy, highlighting a differentiated drybulk company with a robust balance sheet and a focus on shareholder returns through drybulk cycles [3]. - John C. Wobensmith emphasizes the importance of high governance standards in creating long-term shareholder value and the company's commitment to capitalizing on growth opportunities [3].
Dorian LPG Ltd. (LPG) is Attracting Investor Attention: Here is What You Should Know
ZACKS· 2025-08-28 14:01
Core Viewpoint - Dorian LPG has shown strong stock performance recently, with a return of +9.2% over the past month, significantly outperforming the S&P 500 composite's +1.5% and the Zacks Transportation - Shipping industry's +2.5% [2] Earnings Estimate Revisions - For the current quarter, Dorian LPG is expected to report earnings of $1.40 per share, reflecting a substantial increase of +300% year-over-year, with the consensus estimate remaining unchanged over the last 30 days [5] - The consensus earnings estimate for the current fiscal year stands at $3.91, indicating a year-over-year increase of +72.3%, also unchanged in the last month [5] - For the next fiscal year, the consensus estimate is $2.65, which represents a decrease of -32.2% compared to the previous year, with no changes in the estimate over the past month [6] - Dorian LPG holds a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on earnings estimate revisions [7] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $120.72 million, which indicates a year-over-year increase of +47.8% [11] - For the current fiscal year, the sales estimate is $410.88 million, reflecting a growth of +17.4%, while the next fiscal year's estimate is $349.94 million, indicating a decline of -14.8% [11] Last Reported Results and Surprise History - In the last reported quarter, Dorian LPG generated revenues of $82.87 million, a decrease of -27.5% year-over-year, and reported EPS of $0.27, down from $1.26 a year ago [12] - The company experienced a revenue surprise of -4.14% compared to the Zacks Consensus Estimate and an EPS surprise of -55.74% [12] - Over the last four quarters, Dorian LPG has surpassed consensus EPS estimates multiple times and has also exceeded consensus revenue estimates during this period [13] Valuation - Dorian LPG's valuation is assessed using various multiples, including price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to determine if the stock is fairly valued compared to its historical values and peers [15] - The company has a Zacks Value Style Score of C, indicating it is trading at par with its peers [17]
Euronav NV(CMBT) - 2025 Q2 - Earnings Call Transcript
2025-08-28 13:02
Cmb.Tech NV (CMBT) Q2 2025 Earnings Call August 28, 2025 08:00 AM ET Company ParticipantsAlexander Saverys - CEO & Management Board MemberLudovic Saverys - CFOEnya Derkinderen - Brand ManagerKristof Samoy - Associate Director Equity ResearchAxel Styrman - Head of ResearchConference Call ParticipantsNone - AnalystAlexander SaverysGood afternoon and welcome to the CMB Tech Earnings Release for the Second Quarter of this year. My name is Alexander Savariz, and I'm joined by my colleagues Ludovic, Joris and Emi ...
Zacks Strategist Shaun Pruitt Discusses the Rally in Euroseas (ESEA) stock
Zacks Investment Research· 2025-08-28 13:00
Greetings. Sean Pru here, Zach's equity strategist, and today I'm going to be discussing whether it's time to buy, hold, or take profits in Euroc stock. So, a few months ago, I highlighted Euro Seas as a top transportation stock to buy for higher highs in early June and even selected the company as my ultimate pick for a stock that was poised to move higher throughout the quarter.And it's very gracious to say that Euro C stock has delivered, now soaring nearly 70% in the last 3 months and recently hitting a ...
Euronav NV(CMBT) - 2025 Q2 - Earnings Call Transcript
2025-08-28 13:00
Cmb.Tech NV (CMBT) Q2 2025 Earnings Call August 28, 2025 08:00 AM ET Speaker0Good afternoon and welcome to the CMB Tech Earnings Release for the Second Quarter of this year. My name is Alexander Savariz, and I'm joined by my colleagues Ludovic, Joris and Emia. We would like to discuss the CMB Tech and Golden Ocean merger first to start, that is the news of last week. Then we will zoom in on the second quarter financials and highlights, conclude and have time for some questions and answers. Let me first star ...
l pany .(CLCO) - 2025 Q2 - Earnings Call Presentation
2025-08-28 12:00
1 Forward looking statements This presentation and any other written or oral statements made by us in connection with this presentation include forward-looking statements within the meaning of and made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, including statements that address activities and events that will, should, could, are expected to or may occur in the future are forward-looking statement ...