Core Insights - The company's operations in Q3 2025 were below expectations, with a significant decline in EBITDA and net profit compared to the same period last year [1][4][3] Financial Performance - Revenue for Q3 2025 was EUR 204.7 million, a decrease of EUR 14.3 million or 6.5% from Q3 2024 [2] - Operating expenses totaled EUR 184.3 million, down EUR 1.8 million or 1.0% year-on-year [2] - EBITDA for the quarter was EUR 20.4 million, a decline of 38.0% from EUR 32.9 million in Q3 2024, with an EBITDA margin of 10.0% compared to 15.0% last year [2][4] - Net profit after tax was EUR 5.6 million, down from EUR 14.3 million in the same period last year [3] Operational Challenges - The decline in revenue was driven by negative developments in unit prices in Liner, a significant drop in global freight rates, and lower trucking volumes in Iceland and the Faroe Islands [5] - Salary expenses increased by EUR 3.0 million, or 8.1%, primarily due to collective wage increases in Iceland [11] - The company faced challenges from increased port charges and environmental taxes, which have risen significantly since 2023 [7][11] Strategic Initiatives - The company implemented countermeasures to address operational challenges, including the reduction of its vessel fleet and various cost-saving projects estimated to deliver annual savings of EUR 12–14 million [13] - The Logistics segment showed strong performance due to targeted cost-reduction initiatives and improved asset utilization [8] - The international Forwarding segment delivered satisfactory results despite a drop in global freight rates [9][10] Future Outlook - The company plans to continue focusing on strengthening core operations, maintaining cost discipline, and establishing a clear pricing policy in the liner system [14] - An investor meeting is scheduled for November 12, 2025, to discuss the financial results and future strategies [14]

SFL (NYSE:SFL) Q3 2025 Earnings Call November 11, 2025 10:00 AM ET Company ParticipantsEspen Gjøsund - VP of Investor RelationsOle Hjertaker - CEOTrym Sjølie - COOAksel Olesen - CFOConference Call ParticipantsNone - Analyst 1None - Analyst 2Espen GjøsundWelcome to SFL's third quarter 2025 conference call. My name is Espen Olesen, and I'm Vice President of Investor Relations in SFL. Our CEO, Ole Hjertaker, will start the call with an overview of the third quarter highlights. Then, our Chief Operating Officer ...

SFL (NYSE:SFL) Q3 2025 Earnings Call November 11, 2025 10:00 AM ET Company ParticipantsEspen Gjøsund - VP of Investor RelationsOle Hjertaker - CEOTrym Sjølie - COOAksel Olesen - CFOConference Call ParticipantsNone - Analyst 1None - Analyst 2Espen GjøsundWelcome to SFL's Third Quarter 2025 Conference Call. My name is Espen Olesen, and I'm Vice President of Investor Relations in SFL. Our CEO, Ole Hjertaker, will start the call with an overview of the third quarter highlights. Then, our Chief Operating Officer ...

Financial Data and Key Metrics Changes - For Q3 2025, the company reported revenues of $178 million and an EBITDA-equivalent cash flow of $113 million, with a total EBITDA of $473 million over the past 12 months, indicating strong operational stability [3][12] - Net income for the quarter was $8.6 million, translating to $0.07 per share, with total operating expenses reduced to $69 million from $86 million in the previous quarter [15][16] Business Line Data and Key Metrics Changes - The container vessel segment contributed $82 million to adjusted EBITDA, while the car carrier fleet generated $23 million, down from $26 million due to scheduled dry docking of SFL Composer [12][14] - The tanker segment produced $44 million, benefiting from long-term charters, while dry bulk contributed $6 million, down from $19 million due to divestitures [12][14] Market Data and Key Metrics Changes - The charter backlog stands at approximately $4 billion, with two-thirds contracted to investment-grade counterparties, providing strong cash flow visibility [5][16] - The overall utilization of the shipping fleet in Q3 was about 98.7%, with adjusted utilization reaching 99.9% when accounting for unscheduled technical issues [8] Company Strategy and Development Direction - The company is focused on fleet renewal, having sold older vessels and invested in cargo handling and fuel efficiency upgrades, with 11 vessels now capable of operating on LNG fuel [4][10] - The strategy includes securing long-term charters with strong counterparties, as evidenced by new five-year charters for three container vessels, adding approximately $225 million to the charter backlog from 2026 onwards [4][5] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about securing new employment for the Hercules drilling rig, despite its current idle status, and is exploring various opportunities for its deployment [5][19] - The company emphasizes the importance of energy efficiency and emissions reduction in attracting and retaining charterers, highlighting ongoing investments in modernizing the fleet [10][11] Other Important Information - The company declared a quarterly dividend of $0.20 per share, marking the 87th consecutive dividend, with a total of approximately $2.9 billion returned to shareholders over the years [5][17] - The financial position remains strong, with approximately $278 million in cash and cash equivalents and $40 million in undrawn credit lines, totaling $320 million in liquidity [15][16] Q&A Session Summary Question: Expectations for Hercules leasing in the new year and impact of Gulf of Mexico lease sale - Management is exploring all opportunities for Hercules, focusing on markets where its unique capabilities are needed, such as the North Sea and Canada, rather than the Gulf of Mexico [19][20] Question: Consideration of well intervention opportunities for Hercules - The company is open to any opportunity for the rig, including well intervention or exploration drilling, and has made upgrades to facilitate development drilling [23] Question: Outlook for securing long-term work for tankers - It is too early to secure long-term work for vessels rolling off charters, but there is significant value linked to profit-sharing features in existing contracts [24] Question: Update on the $100 million buyback implementation - Approximately $80 million remains on the buyback, with $10 million of shares repurchased at an average price of $7.98 per share [27] Question: Impact of potential pause in Houthi attacks on commercial shipping in the Red Sea - Management is cautious and believes it will take time for container ship operators to return to the region, with a focus on safety and risk evaluation [30][32] Question: Purchase obligations in charter contracts - The company has shifted from bareboat charters to time charters, reducing purchase obligations and maintaining upside in residual values [34] Question: Outlook for new transactions outside the container segment - The company is open to opportunities across various maritime sectors, focusing on strong counterparties and structuring deals with favorable return characteristics [35][36]

ATHENS, Greece, Nov. 11, 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 its financial results for the third quarter ended September 30, 2025 are scheduled to be released before the opening of the U.S. financial markets on Thursday, November 20, 2025. The Company’s management will conduct a conference call and simultaneous Internet webcast to review these resul ...

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Core Viewpoint - Costamare Bulkers Holdings Limited will release its third-quarter financial results on November 14, 2025, before the market opens in New York [1]. Group 1: Earnings Release Information - The earnings release is scheduled for November 14, 2025, before market opens [1]. - A conference call will be held on the same day at 8:30 a.m. ET to discuss the financial results [2]. - Participants are encouraged to dial in 10 minutes prior to the call using specific numbers for the US, UK, and international callers [2]. Group 2: Conference Call and Webcast Details - A replay of the conference call will be available until November 21, 2025, with specific numbers provided for US and international listeners [3]. - There will be a live webcast available on the Costamare Bulkers website, and participants should register 10 minutes before the start [4]. Group 3: Company Overview - Costamare Bulkers Holdings Limited is an international owner and operator of dry bulk vessels, with a fleet of 37 vessels totaling approximately 3,103,000 dwt [5]. - The company also operates a dry bulk platform that charters vessels and engages in contracts of affreightment and forward freight agreements [5]. - Costamare Bulkers' common stock is traded on the New York Stock Exchange under the symbol "CMDB" [5].

Leadership and Military Experience - Leadership skills developed in the military can be effectively transferred to the corporate world, particularly in competitive environments [1] - Fred Smith, founder and former CEO of FedEx, attributes his success to lessons learned in the Marine Corps, emphasizing the importance of wartime logistics and small-unit leadership [1][2] Profiles of CEOs with Military Backgrounds - Darren Rebelez, CEO of Casey's General Stores, served as an infantry officer in the Army and has held leadership roles in various companies, including Exxon Mobil and 7-Eleven [3][4] - Anthony Guzzi, CEO of Emcor, also a West Point graduate, served as a Light Infantry Captain and has been with Emcor since 2004, becoming CEO in 2011 [5] - Bob Frenzel, CEO of Xcel Energy, served in the Navy as a nuclear engineering officer and has a background in consulting and investment banking before joining Xcel [6][7] - Jeffrey Martin, CEO of Sempra Energy, served as an air-cavalry pilot and emphasizes the importance of creating new leaders within organizations [8][9][10] - Avigal Soreq, CEO of Delek US Holdings, served in the Israeli Air Force and has a diverse career in various companies before returning to Delek [11] - Shane O'Kelly, CEO of Advance Auto Parts, served as an infantry officer and has held leadership positions in multiple companies before becoming CEO in 2023 [12]

Shipping tycoon Sun Xiushun cracked the infrastructure puzzle holding back the world's largest untapped iron ore mine. https://t.co/A5z2GY93N1 ...

NEW YORK, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that its Board of Directors (the “Board”) has adopted an amendment (the “Amendment”) to its one-year limited duration shareholder rights plan adopted on October 1, 2025 (the “Rights Plan”) that expires on September 30, 2026. The Amendment is effective immediately. The Amendment ...