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ZIM Q3 Earnings & Revenues Miss Estimates, Down Y/Y, 2025 View Updated
ZACKS· 2025-11-21 18:40
Key Takeaways ZIM posted Q3 EPS of $1.02, missing estimates and declining 89.1% year over year.Q3 revenues declined 35.7% to $1.78 billion, owing to the decrease in freight rates and carried volume.ZIM raised its 2025 adjusted EBITDA forecast to $2.0-$2.2 billion, from its prior view of $1.8-$2.2 billion.ZIM Integrated Shipping Services Ltd. (ZIM) ) reported disappointing third-quarter 2025 results, wherein both earnings and revenues missed the Zacks Consensus Estimate as well as declined on a year-over-yea ...
Seanergy Maritime Holdings (SHIP) is on the Move, Here's Why the Trend Could be Sustainable
ZACKS· 2025-11-21 14:56
When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate rev ...
Diana Shipping Inc. Announces Time Charter Contract for m/v Seattle with SwissMarine and the Sale of a Dry Bulk Vessel, the m/v DSI Drammen
Globenewswire· 2025-11-21 14:25
ATHENS, Greece, Nov. 21, 2025 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Seattle. The gross charter rate is US$24,500, minus a 5.00% commission paid to third parties, for a period until ...
Diana Shipping Inc. Announces Time Charter Contract for m/v Seattle with SwissMarine and the Sale of a Dry Bulk Vessel, the m/v DSI Drammen
Globenewswire· 2025-11-21 14:25
ATHENS, Greece, Nov. 21, 2025 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Seattle. The gross charter rate is US$24,500, minus a 5.00% commission paid to third parties, for a period until ...
Pyxis Tankers Announces New $3 Million Common Share Re-purchase Program
Globenewswire· 2025-11-21 13:30
Maroussi, Greece – November 21, 2025 – Pyxis Tankers Inc. (the “Company”) (NASDAQ Cap Mkts: PXS), (the “Company”, “we”, “our”, “us” or “Pyxis Tankers”), an international diversified shipping company, announced that on November 19, 2025, its Board of Directors authorized the repurchase of up to $3.0 million of our common shares. We believe our current share price does not reflect the value proposition of Pyxis Tankers, let alone the significant operational progress, financial performance as well as future pr ...
Danaos Q3: Drybulk Isn't Growing, But The Reasons Seem Valid
Seeking Alpha· 2025-11-21 12:45
Core Insights - The article emphasizes the importance of understanding how companies grow over time and the value they deliver to stakeholders as a means to project long-term investment opportunities [1]. Group 1 - The author expresses a strong interest in capital markets and the dynamics of company growth [1].
Havila Shipping ASA: Equinor Energy AS has exercised one year option for Havila Charisma (PSV)
Globenewswire· 2025-11-21 08:56
Core Points - Equinor Energy has exercised a one-year option for the Havila Charisma vessel, extending the contract until December 2026 [1] - There is an additional option for one more year, which can extend the contract until December 2027 [1] Company Information - The Chief Executive Officer of Equinor Energy is Njål Sævik, and the Chief Financial Officer is Arne Johan Dale [1] - Contact information for the executives is provided for further inquiries [1] Regulatory Compliance - The information disclosed is subject to the requirements of Section 5-12 of the Norwegian Securities Trading Act [1]
Global Ship Lease Stock: A Resilient Grower With A 7.1% Dividend Yield (NYSE:GSL)
Seeking Alpha· 2025-11-21 08:40
Global Ship Lease Inc. ( GSL ) is a stock that could play an important return enhancer role in most portfolios, with limited downside due to revenue backlog and cheap valuation, and pays a generously high and relatively safe dividend. The businessI am always on the lookout for GARP (Growth At a Reasonable Price) and turnaround stocks, in the dirt and under the rocks. Valuation matters and is the foundation of my stock picking strategy. Following me will allow you to read about stocks with limited downside a ...
Okeanis Eco Tankers Corp. - New Shares Issued and Commencement of Trading
Globenewswire· 2025-11-21 07:00
Core Points - Okeanis Eco Tankers Corp. successfully offered 3,239,436 new common shares at a price of USD 35.50 per share, raising approximately USD 115 million [1][2] - The new shares will be available for trading on the New York Stock Exchange and can also be transferred to Euronext Securities Oslo [2] - Following the issuance, the total number of common shares outstanding will be 35,433,544, with a par value of USD 0.001 each [2] - The newly issued shares are entitled to a cash dividend of USD 0.75 per share, increasing the total dividend amount to be paid by the Company [3] Offering Details - The offering was coordinated by Fearnley Securities AS and Clarksons Securities AS, with legal counsel provided by Advokatfirmaet BAHR AS and Watson Farley & Williams LLP for the Company [4] - The shares were sold under a shelf registration statement previously filed with the SEC, and a final prospectus supplement was filed on 20 November 2025 [5] Company Overview - Okeanis Eco Tankers Corp. is a leading international tanker company specializing in the transportation of crude oil and refined products, incorporated in 2018 [6] - The Company operates a fleet of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers [6]
FRO – Third Quarter and Nine Months 2025 Results
Globenewswire· 2025-11-21 06:29
Core Insights - Frontline plc reported a profit of $40.3 million, or $0.18 per share, for Q3 2025, with adjusted profit at $42.5 million, or $0.19 per share, alongside revenues of $432.7 million [6] - The company declared a cash dividend of $0.19 per share for the third quarter of 2025 [6] - The freight markets, particularly for VLCCs, showed strength as the quarter progressed, with global oil demand remaining resilient [2] Financial Performance - Average daily spot time charter equivalent (TCE) earnings for VLCCs, Suezmax tankers, and LR2/Aframax tankers in Q3 2025 were $34,300, $35,100, and $31,400 respectively [6] - The company converted $405.5 million in term loan balances into revolving credit facilities, allowing for efficient cash management and a reduction in average cash breakeven rates by approximately $1,300 per day for the next 12 months [3][6] - The sale of the oldest Suezmax tanker generated net cash proceeds of approximately $23.7 million after debt repayment [6] Market Conditions - The third quarter began with typical seasonal trends but saw strengthening freight markets, particularly for VLCCs, as the quarter progressed [2] - The U.S. moved past peak refinery runs, while India reduced its intake of Russian feedstock, creating a ton-mile intensive arbitrage opportunity between the Americas and Asia [2] - The gradual reversal of OPEC+ production cuts is beginning to reflect in higher export volumes, indicating strong fundamentals as the company enters the winter market [2]