ATHENS, Greece, June 10, 2025 (GLOBE NEWSWIRE) -- Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) (the “Company” or “our”) today announced that it has implemented a Dividend Reinvestment Plan (the “Plan”) to provide our shareholders with a convenient and economical way to reinvest cash dividends to purchase our common shares. The Plan is open to existing shareholders of the Company and investors who become shareholders of the Company in the future outside of the Plan. Participants in the Plan may: Automat ...

Danaos Corp. (NYSE: DAC ) is a ship-owning company dedicated to maritime transport. The company has a total portfolio of 74 container vessels and 10 dry bulk vessels. This makes it one of the main competitors inI am an individual investor with over 10 years of trading. I have been developing as a stock analyst for the last five years. I am inclined to search for Value companies, mainly linked to the production of commodities. I mainly focus on companies that show sustained free cash flows over time, low lev ...

Financial Data and Key Metrics Changes - The company reported a profit of approximately $40 million for Q1 2025, but excluding capital gains, the net income would have been a loss of $6 million [3] - Liquidity at the end of March was $345 million, with a contract backlog nearing $3 billion, having added roughly $1 billion in the first quarter [4] - Capital expenditures (CapEx) remained at $2.2 billion, with equity on total assets at 31.9% [4] Business Line Data and Key Metrics Changes - In the tanker segment, average earnings were $40,000 per day in Q1, increasing to approximately $43,000 per day in Q2 [7] - The bulkers experienced weaker performance in Q1, with Newcastlemaxes earning $18,000 per day, but improving to $24,000 in Q2 [8] - Chemical tankers are primarily under long-term contracts, with earnings on the spot market around $20,000 per day [28] Market Data and Key Metrics Changes - The tanker market is expected to remain positive due to a flat growth forecast in ton miles for crude oil and a historically low order book [22] - The dry bulk market is anticipated to improve in the second half of the year, with positive trends in iron ore trade from Brazil [36] - The container market is cautious due to tariffs and geopolitical issues, with a high order book of around 30% [27] Company Strategy and Development Direction - The proposed merger with Golden Ocean aims to create a leading diversified maritime group, increasing the fleet to 250 vessels and enhancing the contract backlog [10] - The company is focusing on diversification and decarbonization, with significant contracts signed for ammonia-powered vessels [5] - The strategy includes a strong emphasis on decarbonization, aligning with regulatory changes such as MEPC 83 [14] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the tanker and dry bulk markets despite current challenges, citing an aging fleet and low order book as positive indicators [30][24] - The company is confident that the merger with Golden Ocean will enhance financial stability and support ongoing investments in hydrogen and ammonia projects [82] - Management highlighted the importance of modern, efficient vessels to outperform competitors in a commoditized market [90] Other Important Information - The company decided not to declare a dividend for Q1 2025, focusing on growth and investment opportunities [6] - The fleet currently consists of 113 vessels, with plans to grow to approximately 150 vessels by the end of 2026 [6] Q&A Session Summary Question: Can you discuss the ammonia solution and the status of your ammonia-powered ships? - Management highlighted the positive outlook for ammonia as a fuel choice, with ongoing discussions for retrofitting existing vessels and new builds [52][54] Question: Is the pro forma free cash flow including debt repayments? - Yes, it includes debt repayments and indicates a strong cash flow generation even in bearish scenarios [57][58] Question: What are the plans to improve revenue in the dry bulk sector? - The company is focusing on building modern vessels and leveraging the scale from the Golden Ocean merger to enhance revenue opportunities [91][92] Question: Why was no dividend declared despite industry peers paying dividends? - The company has a discretionary dividend policy, prioritizing growth and investment opportunities over immediate dividend payouts [95][96]

Danaos (DAC) Q1 2025 Earnings Call May 14, 2025 09:00 AM ET Company Participants Evangelos Chatzis - VP, CFO, Treasurer & SecretaryJohn Coustas - Chairman, President & CEOOmar Nokta - Managing Director Operator Good day, and welcome to the Danaus Corporation Conference Call to discuss the Financial Results for the Three Months Ended 03/31/2025. As a reminder, today's call is being recorded. Hosting the call today is Doctor. John Coustas, Chief Executive Officer of Danaus Corporation and Mr. Evangelos Hazzis ...

Core Insights - SFL Corporation Ltd. reported preliminary financial results for Q1 2025, including a net loss of $31.9 million or $0.24 per share, primarily due to impairments on older dry-bulk vessels and the idleness of the drilling rig Hercules [1][6] - The company declared a quarterly cash dividend of $0.27 per share, marking the 85th consecutive quarterly dividend [5][6] - Charter hire revenue for the quarter was $193.5 million, which included $1.5 million from profit share, while adjusted EBITDA was $108.0 million from consolidated subsidiaries and $7.7 million from associated companies [6] Financial Performance - The net loss of $31.9 million was attributed to one-off items, including impairments on older vessels [3][6] - Charter hire revenue was reported at $193.5 million, with an adjusted EBITDA of $115.7 million when including associated companies [6] - The company has been actively repurchasing shares, with a $10 million buyback at an average price of $7.98 per share [6] Fleet Management - SFL continues to renew its fleet by divesting older bulkers and containerships, focusing on assets with a charter backlog to support long-term dividend distribution [4][6] - The company upgraded several vessels during the quarter, enhancing cargo intake and fuel efficiency [3][4] Dividend Information - The declared quarterly cash dividend of $0.27 per share will be paid on or around June 27, 2025, with the record date set for June 12, 2025 [5][6] - This dividend reflects the company's commitment to maintaining a consistent distribution to shareholders [8]

Core Viewpoint - Danaos Corporation reported strong financial performance for Q1 2025, with total operating revenues of $253.3 million, slightly down from $253.4 million in Q1 2024, while net income decreased to $115.1 million from $150.5 million in the same period last year [2][20][21]. Financial Summary - Operating revenues for container vessels increased by 1.2% to $236.2 million, driven by newbuilding additions, while dry bulk vessel revenues decreased by 14.5% to $17.1 million due to lower charter rates and utilization [21][23]. - Adjusted net income for Q1 2025 was $113.4 million, or $6.04 per diluted share, compared to $140.0 million, or $7.15 per diluted share in Q1 2024 [15][20]. - Adjusted EBITDA decreased by 3.1% to $171.7 million from $177.2 million year-over-year, attributed to increased operating expenses and finance costs [42]. Operational Metrics - The average number of container vessels increased to 73.7 in Q1 2025 from 68.0 in Q1 2024, with fleet utilization for container vessels at 97.2% compared to 97.3% in the previous year [14]. - Dry bulk vessel utilization decreased to 92.4% from 93.6% year-over-year [14]. Recent Developments - The company secured a syndicated loan facility of up to $850 million to finance newbuilding container vessels scheduled for delivery from 2026 to 2028 [11]. - Danaos has a backlog of contracted revenues totaling $3.7 billion, with a charter coverage of 99% for 2025 and 85% for 2026 [10][11]. - A dividend of $0.85 per share was declared for Q1 2025, payable on June 5, 2025 [44]. Market Insights - The dry bulk market has shown modest recovery, but significant growth is contingent on further initiatives in China [9]. - The company is currently focusing on optimizing its existing fleet performance rather than new vessel investments [13]. Environmental Regulations - Proposed IMO regulations on greenhouse gas emissions are seen as insufficient to drive meaningful progress in decarbonization, with limited incentives for using expensive green fuels [11][12].

Group 1 - The 2025 Annual General Meeting of SFL Corporation Ltd. was held on May 8, 2025, where the audited consolidated financial statements for the year ended December 31, 2024, were presented [1] - The Company has maintained a consistent dividend payment record every quarter since its initial listing on the New York Stock Exchange in 2004 [2] - SFL's fleet includes various types of vessels such as tankers, bulkers, container vessels, car carriers, and offshore drilling rigs, supported by long-term charters and a growing asset base [2] Group 2 - Resolutions passed at the meeting included setting the maximum number of Directors to eight and designating vacancies as casual, allowing the Board to fill them as deemed fit [4] - The re-election of several Directors was approved, including Kathrine Fredriksen, Gary Vogel, Keesjan Cordia, James O'Shaughnessy, Ole Hjertaker, and Will Homan-Russell [4] - Ernst & Young AS was re-appointed as auditors, with the Directors authorized to determine their remuneration, and the total remuneration for the Board of Directors was approved not to exceed US$800,000 for the year ended December 31, 2025 [4]

Capital Clean Energy Carriers (CCEC) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Company Participants Brian Gallagher - Executive Vice President of Investor RelationGerasimos Kalogiratos - CEO and DirectorNikos Tripodakis - Chief Commercial OfficerJonathan Chappell - Senior Managing DirectorLiam Burke - Managing DirectorNikos Kalapotharakos - CFOOmar Nokta - Managing DirectorCliment Molins - Head of Shipping Research Conference Call Participants Alexander Bidwell - Associate Analyst Operator Thank you fo ...

Capital Clean Energy Carriers (CCEC) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Speaker0 Thank you for standing by, and welcome to the Capital Clean Energy Carrier Corp first quarter twenty twenty five financial results conference call. We have with us mister Jerry Collodiarata, chief executive officer, mister Brian Gallagher, executive vice president, investor relations, and mister Nikos Chubodakis, chief commercial officer. At this time, all participants are in a listen only mode. There'll be a presen ...

ATHENS, Greece, May 08, 2025 (GLOBE NEWSWIRE) -- Capital Clean Energy Carriers Corp. (the “Company,” “CCEC”, “we” or “us”) (NASDAQ: CCEC), an international owner of ocean-going vessels, today released its financial results for the first quarter ended March 31, 2025. Key Quarterly Highlights New long term time charter agreements (“TC”) for two LNG/Cs under construction and exercise of certain options for three of our in-the-water LNG/Cs Contracted revenue backlog increased to $3.1 billion or $4.5 billion inc ...