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Wall Street Analysts Think EuroDry (EDRY) Could Surge 35.09%: Read This Before Placing a Bet
ZACKS· 2026-02-20 15:55
Shares of EuroDry (EDRY) have gained 27.6% over the past four weeks to close the last trading session at $16.9, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $22.83 indicates a potential upside of 35.1%.The mean estimate comprises three short-term price targets with a standard deviation of $2.57. While the lowest estimate of $20.00 indicates an 18.3% increase from the current ...
Why Are C3is Shares Tumbling On Friday?
Benzinga· 2026-02-20 15:35
• C3is stock is taking a hit today. What’s behind CISS decline?Earnings SnapshotThe company reported adjusted loss per share of $4.86, which narrowed from a loss of $24.90 a year ago quarter, as adjusted net income more than doubled to $2.7 million from $1.1 million in the prior year quarter.Voyage revenues rose to $10.6 million from $9.4 million in the prior year, led by higher average TCE rates for the vessels and the decrease in idle days. Average daily TCE increased by 24% in the quarter.Fleet operatio ...
Costamare Bulkers Holdings Limited Reports Results for the Fourth Quarter and Year Ended December 31, 2025
Globenewswire· 2026-02-20 11:37
Core Viewpoint - Costamare Bulkers Holdings Limited reported its financial results for Q4 2025, showing an adjusted net loss of $1.7 million and total voyage revenue of $218.5 million, reflecting its performance as an independent publicly traded company after its spin-off from Costamare Inc. [2][7][15] Financial Highlights and Operational Updates - The company had a total debt of $155.6 million and cash of $226.3 million, resulting in a negative net debt position of $70.7 million as of the end of Q4 2025 [4][16]. - Total liquidity as of December 31, 2025, was approximately $311.0 million, including cash and undrawn funds [5][54]. - The average number of vessels in the owned fleet during Q4 2025 was 31.1, with ownership days totaling 2,859 [32][33]. Profitability and Revenue - Total voyage revenue for the year ended December 31, 2025, was $597.2 million, with voyage revenue for Q4 2025 at $218.5 million [21][37]. - The company reported voyage expenses of $45.2 million and charter-in hire expenses of $133.4 million for Q4 2025 [39][40]. - The adjusted net loss for the year was $12.2 million, with an adjusted loss per share of $0.74 [21][27]. Fleet and Operations - Costamare Bulkers currently owns a fleet of 31 dry bulk vessels with a total capacity of approximately 2.8 million DWT [59]. - The company has agreed to acquire a 2018-built dry bulk vessel, Koushun, expected to conclude within Q1 - Q2 2026 [10][20]. - The fleet includes various types of vessels, with the majority on period charters, and the average age of the fleet is approximately 13 years [16][19]. Strategic Developments - The company concluded a Strategic Cooperation Agreement with Cargill, transferring a significant portion of its trading portfolio, which included chartered-in vessels and cargo transportation commitments [8][15]. - The operating platform is now focused on Kamsarmax-type vessels, with plans for future acquisitions and fleet renewal [8][20]. Cash Flow and Financial Position - Net cash provided by operating activities for Q4 2025 was $26.4 million, while net cash provided by investing activities was $8.6 million [49][50]. - The company used $3.9 million in financing activities, primarily for debt payments [52]. Market Conditions - The Capesize index has increased due to favorable supply and demand fundamentals, while the Panamax index has benefited from easing US-China tensions [20]. - The Supramax index remains healthy, supported by strong demand for coal and minor bulks [21].
Costamare Bulkers Holdings Limited Reports Results for the Fourth Quarter and Year Ended December 31, 2025
Globenewswire· 2026-02-20 11:37
Core Viewpoint - Costamare Bulkers Holdings Limited reported its financial results for Q4 2025, showing an adjusted net loss of $1.7 million and highlighting its operational transition following its spin-off from Costamare Inc. [1][2][15] Financial Highlights and Operational Updates - The company had a total debt of $155.6 million and cash of $226.3 million, resulting in a negative net debt position of $70.7 million as of the end of Q4 2025 [4][16]. - Total voyage revenue for the year ended December 31, 2025, was $597.2 million, with Q4 2025 contributing $218.5 million [20][38]. - The average number of vessels in the owned fleet during Q4 2025 was 31.1, with ownership days totaling 2,859 [32][37]. Operating Platform and Strategic Agreements - The company concluded a Strategic Cooperation Agreement with Cargill, transferring a significant portion of its trading portfolio, including chartered-in vessels and cargo transportation commitments [8][15]. - The operating platform is currently focused on Kamsarmax-type vessels, with a fleet that includes 20 third-party owned dry bulk vessels [8][19]. Fleet Renewal and Vessel Transactions - Costamare Bulkers agreed to sell the 2011-built Capesize vessel, Miracle, and the 2008-built Supramax vessel, Clara, generating total capital gains of $7.7 million [17][18]. - The company has also agreed to acquire the 2018-built dry bulk vessel, Koushun, expected to conclude within Q1 - Q2 2026 [10][17]. Market Conditions - The Capesize index has increased due to favorable supply and demand fundamentals, supported by strong exports and improved sentiment [20]. - The Panamax index has benefited from easing US-China tensions and a strong Capesize market, while the Supramax index remains healthy due to strong demand for coal and minor bulks [20].
Global Ship Lease Announces Fourth Quarter and Full Year 2025 Earnings Release, Conference Call and Webcast
Globenewswire· 2026-02-19 21:15
ATHENS, Greece, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a containership owner and lessor, announced today that it will hold a conference call to discuss the Company’s results for the fourth quarter and full year 2025 on Thursday, March 5, 2026 at 10:30 a.m. Eastern Time. The Company will issue financial results for the fourth quarter and full year 2025 on Thursday, March 5, 2026 before the open of market trading. What:Fourth Quarter and Full Year 2025 Conference ...
DHT Holdings, Inc. secures one-year time charter for DHT Taiga
Globenewswire· 2026-02-19 21:15
DHT Holdings, Inc. secures one-year time charter for DHT Taiga HAMILTON, BERMUDA, February 19, 2026 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announced it has entered into a one-year time charter agreement at $94,000 per day for the VLCC DHT Taiga, built in 2012. The contract is expected to commence in March 2026 and has been concluded with a global energy company. About DHT Holdings, Inc.DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of c ...
EuroDry Ltd. Reports Results for the Quarter and Year Ended December 31, 2025
Globenewswire· 2026-02-19 21:05
Core Insights - EuroDry Ltd. reported a profitable fourth quarter of 2025, with net income attributable to controlling shareholders of $3.2 million, contrasting with a net loss of $6.2 million in the same period of 2024 [6][21][24] - The company experienced a 19.9% increase in total net revenues for Q4 2025, reaching $17.4 million, driven by higher time charter rates despite a decrease in the average number of vessels operated [10][24] - For the full year 2025, total net revenues decreased by 14.4% to $52.3 million, attributed to a lower number of vessels operated and reduced time charter equivalent rates [24][36] Fourth Quarter 2025 Highlights - Average time charter equivalent rate for Q4 2025 was $16,262 per day, a 33.3% increase compared to Q4 2024 [10][22] - Adjusted EBITDA for Q4 2025 was $7.5 million, significantly up from $1.8 million in Q4 2024 [9][22] - The company operated an average of 11.2 vessels in Q4 2025, down from 13.0 vessels in Q4 2024 [8][10] Full Year 2025 Highlights - Average time charter equivalent rate for the full year 2025 was $11,642 per day, down from $13,039 per day in 2024 [24] - Adjusted EBITDA for the full year 2025 was $12.5 million, compared to $9.4 million in 2024 [37] - The company reported a net loss attributable to controlling shareholders of $4.3 million for the full year 2025, an improvement from a net loss of $12.6 million in 2024 [36][38] Operational Insights - Total vessel operating expenses for Q4 2025 were $6.2 million, a decrease from $6.6 million in Q4 2024, primarily due to a lower number of vessels operated [12][26] - The company has initiated a strategy shift to secure longer-term charters as market rates strengthen, with a recent one-year time charter for an Ultramax vessel at $15,500 per day [7][8] - As of December 31, 2025, the company had outstanding debt of $103.7 million and cash reserves of $25.7 million [9][65] Fleet Profile - EuroDry's fleet consists of 11 dry bulk vessels with a total deadweight tonnage of 766,420 [40] - The company has two Ultramax vessels under construction, expected to be delivered in 2027 [42][43] - The average daily results indicate a fleet utilization rate of 99.6% for Q4 2025, reflecting efficient deployment of vessels [44][49]
Why is Dow Jones down today: Dow crashes more than 270 points today – S&P 500 and Nasdaq also in deep red
The Economic Times· 2026-02-19 17:48
Why is Dow Jones down today: The Dow Jones Industrial Average fell 271.87 points to 49,390.79, down 0.55% in Thursday trading, as investors reacted to Markets gave back part of Wednesday’s rally as traders reassessed risk. Crude oil prices jumped more than 2%. Asset management stocks sold off sharply. The market reaction came despite strong quarterly results from Walmart, which beat Wall Street expectations in the fourth quarter. However, the company’s full-year earnings outlook disappointed investors.Soft ...
Giant shipping company reveals 22 facilities closing nationwide
Yahoo Finance· 2026-02-19 17:33
The trucking, logistics, and shipping sector has battled the Great Freight Recession for about three years with no end in sight. Most companies have blamed reduced shipping demand, lower freight rates, and rising costs of labor, fuel, and insurance as reasons for declining revenues and profits. In the most desperate situations, shipping companies have filed for bankruptcy protection or even shut down operations. Conflicting opinions on trucking Experts have expressed conflicting opinions on the state ...
Safe Bulkers(SB) - 2025 Q4 - Earnings Call Transcript
2026-02-19 16:02
Financial Data and Key Metrics Changes - In Q4 2025, the company achieved adjusted earnings per share of $0.14, compared to $0.15 in Q4 2024 [5][29] - Adjusted EBITDA for Q4 2025 was $37.4 million, down from $40.7 million in Q4 2024 [28] - Daily vessel operating expenses increased by 13% to $5,683 in Q4 2025, compared to $5,047 in Q4 2024 [30] Business Line Data and Key Metrics Changes - The company operated an average of 45 vessels in Q4 2025, earning an average time charter equivalent of $17,050, compared to 45.9 vessels earning $16,521 in Q4 2024 [29] - The company declared a dividend of $0.05 per share, marking the seventeenth consecutive quarterly dividend [23] Market Data and Key Metrics Changes - The dry bulk fleet is projected to grow by about 3% in 2026, with the highest growth in the Panamax and Supermax segments [7] - Global dry bulk demand is forecasted to grow by 2%-3% in 2026, with cargo volumes expected to expand by 1%-2% [13] Company Strategy and Development Direction - The company maintains a balance between spot and time charter exposure to capture market opportunities while preserving cash flow visibility [6] - The company is focusing on fleet renewal with an emphasis on quality tonnage, particularly Japanese-built vessels [12] Management's Comments on Operating Environment and Future Outlook - Management noted increased market volatility in the dry bulk market due to geopolitical reasons, but expressed optimism about the market's recovery [5] - The company highlighted the importance of maintaining a young and technologically advanced fleet to enhance operational performance and regulatory compliance [12] Other Important Information - The company has a strong liquidity position with $382 million in capital resources and a leverage ratio of 34% [23] - The company has a revenue backlog of $178 million, supporting debt service and reinvestment [33] Q&A Session Summary Question: Is there any appetite to renew the Capesize fleet? - Management indicated that second-hand prices are rising, but there is a lack of suitable tonnage available for sale, leading to a focus on newbuilds [36] Question: Have you seen increasing appetite for 2- to 3-year contracts on Kamsarmaxes? - Management noted that there is currently no interest for longer-term contracts, with the market just starting to improve [37][39] Question: Would you favor index-linked exposure or fixed coverage? - Management traditionally prefers fixed rates, especially in a rising market, and noted current rates for one-year deals are around $18,000 to $19,000 per day for Eco Kamsarmaxes [40]