Global Freight Monitor Equities Updates on US tariffs and the impact Global US tariff updates: On 8 July, the Trump administration delayed the 10% baseline tariff (from 9 July to 1 August previously). Among the US's key trading partners, tariffs were set at 25% for Japan, Korea and Malaysia, 36% for Thailand and 35% for Canada, effective from 1 August. Note Vietnam and the US on 2 July agreed a 20% tariff on Vietnamese exports and 40% duty on transhipped goods. On 10 July, the Trump administration threatene ...

Financial Performance - Net Income was $42 million and Adjusted Net Income was $41 million[10] - Adjusted EBITDA reached $104 million[10] - A dividend of $009 per share was declared, with a record date of March 4th, 2025[10] - TCE per vessel was $16,129, while average daily OPEX per vessel was $5,056[9] - Average daily net cash G&A expenses per vessel were $1,264, resulting in TCE less OPEX less G&A expenses of $9,809[9] Eagle Bulk Merger & Synergies - Synergies achieved from the Eagle Bulk integration have resulted in more than $22 million in savings to date[10] - Q4 2024 synergies from the Eagle Bulk integration amounted to $126 million, implying an annualized run-rate of $50 million[26] Capital Allocation & Liquidity - Proforma cash was approximately $452 million, and proforma debt and lease obligations were $1266 million as of February 17th, 2025[10] - Additional liquidity of $50 million is available through an undrawn Revolver Facility, bringing proforma liquidity to almost $05 billion[10] - Thirteen debt-free vessels have an aggregate market value of $250 million[10] - Total actions of $26 billion in shareholder value creation since 2021[12] Fleet & Coverage - The company has one of the largest dry bulk fleets among U S and European listed peers, with 155 vessels on a fully delivered basis[39] - Fleet-wide coverage for Q1 2025 is 801% at a TCE of $12,305 per day[63] Market Dynamics - Dry bulk NET fleet growth was +30% in 2024, compared to +31% in 2023[48] - Total dry bulk trade in 2024 is estimated at +33% in tons and +50% in ton-miles[49]

Core Viewpoint - Diana Shipping Inc. has entered into a time charter contract with Cargill Ocean Transportation for its Ultramax dry bulk vessel, m/v DSI Polaris, with a gross charter rate of US$12,250 per day, expected to generate approximately US$4.66 million in gross revenue for the minimum charter period [1][2]. Group 1: Charter Agreement Details - The time charter for m/v DSI Polaris is set to commence on July 1, 2025, and will last until at least July 21, 2026, with a maximum end date of September 21, 2026 [1]. - The charter rate is subject to a 4.75% commission paid to third parties [1]. Group 2: Fleet Composition and Future Plans - Following the sale of m/v Selina, Diana Shipping Inc.'s fleet will consist of 36 dry bulk vessels, including various types such as Newcastlemax, Capesize, and Ultramax [3]. - The company anticipates taking delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028 [3]. - The current fleet has a combined carrying capacity of approximately 4.1 million dwt and a weighted average age of 11.65 years [3]. Group 3: Company Overview - Diana Shipping Inc. specializes in shipping transportation services through the ownership and bareboat charter-in of dry bulk vessels, primarily engaged in short to medium-term time charters [4]. - The vessels transport a variety of dry bulk cargoes, including iron ore, coal, and grain, along global shipping routes [4].

GLYFADA, Greece, June 16, 2025 (GLOBE NEWSWIRE) -- Globus Maritime Limited (“Globus”, the “Company”, “we”, or “our”) (NASDAQ: GLBS), a dry bulk shipping company, today reported its unaudited consolidated operating and financial results for the quarter ended March 31, 2025. Revenue $8.6 million in Q1 2025 compared to $7.7 million in Q1 2024 Adjusted EBITDA $2 million in both Q1 2025 and Q1 2024 Time Charter Equivalent $9,225 per day in Q1 2025 compared to $11,862 per day in Q1 2024 Current Fleet ProfileAs ...

Core Viewpoint - Diana Shipping Inc. has entered into a time charter contract for its Ice Class Panamax dry bulk vessel, m/v Atalandi, with Stone Shipping Ltd, which is expected to generate significant revenue for the company [1][2]. Group 1: Charter Contract Details - The time charter contract for the m/v Atalandi has a gross charter rate of US$9,000 per day for the first 35 days and US$10,100 per day for the remaining period, with a commission of 5.00% paid to third parties [1]. - The charter is set to commence on June 9, 2025, and will last until a minimum of June 15, 2026, and a maximum of August 15, 2026 [1]. Group 2: Revenue Generation - The employment of the m/v Atalandi is anticipated to generate approximately US$3.62 million in gross revenue for the minimum scheduled period of the time charter [2]. Group 3: Fleet Overview - Diana Shipping Inc. currently operates a fleet of 37 dry bulk vessels, including various classes such as Newcastlemax, Capesize, and Panamax [3]. - The combined carrying capacity of the fleet, excluding two vessels not yet delivered, is approximately 4.1 million dwt, with a weighted average age of 11.60 years [3]. - The company expects to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028 [3]. Group 4: Company Profile - Diana Shipping Inc. is a global provider of shipping transportation services, specializing in the ownership and bareboat charter-in of dry bulk vessels [4]. - The company's vessels primarily engage in short to medium-term time charters, transporting a range of dry bulk cargoes, including iron ore, coal, and grain [4].

Earnings Presentation Quarter Ended March 31, 2025 1 June 5, 2025 Forward/Looking Statements Statements in this presentation may be "forward/looking statements" within the meaning of federal securities laws. The matters discussed herein that are forward/looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. Actual outcomes and results may differ materially from what is expressed or forecasted in such forwa ...

ATHENS, Greece, May 29, 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 reported net income of $3.0 million and net income attributed to common stockholders of $1.6 million for the first quarter of 2025. This compares to net income of $2.1 million and net income attributed to common stockholders of $0.6 million for the first quarter of 2024. Earnings per share for the first q ...

Core Viewpoint - Heidmar Maritime Holdings Corp. has filed its annual report for the fiscal year ended December 31, 2024, with the SEC, which includes audited financial statements [1]. Group 1: Company Overview - Heidmar is celebrating its 40th anniversary and is based in Athens, focusing on commercial and pool management in the crude and product tanker market [3]. - The company operates in multiple locations including Athens, London, Singapore, Chennai, Hong Kong, and Dubai, and aims to maximize customer profitability through a "one stop" solution for maritime services [3]. - Heidmar's business model and extensive maritime experience enable it to achieve premier market coverage and provide seamless commercial transportation services [3]. Group 2: Financial Reporting - The annual report, which includes the 2024 audited financial statements, is available on the SEC website and the company's website under the Investors Relations section [2]. - Shareholders can request a hard copy of the complete Annual Report free of charge [2].

Summary of CMB Tech and Golden Ocean Merger Presentation Industry and Companies Involved - **Industry**: Maritime and Shipping - **Companies**: CMB Tech and Golden Ocean Key Points and Arguments 1. **Merger Overview**: The merger between CMB Tech and Golden Ocean is a stock-for-stock transaction, with CMB Tech as the surviving entity. Post-merger, shareholders will own approximately 67.33% of the new company [3][2] 2. **Exchange Ratio**: The exchange ratio is set at 0.95 CMB Tech shares for one Golden Ocean share, valuing CMB Tech at $15.23 per share and Golden Ocean at $14.49 per share [3][2] 3. **Headquarters and Listings**: CMB Tech is headquartered in Antwerp with global offices. It is listed on NYC and Euronext in Brussels, while Golden Ocean's listings will disappear post-merger, with plans for a relisting on Oslo Burs [4][5] 4. **CMB Tech's Fleet**: CMB Tech operates a fleet of approximately 160 ships across five divisions, including dry bulk, chemical tankers, containerships, crude oil tankers, and offshore wind [6][8] 5. **Financials**: CMB Tech reported a net profit of CHF 870 million and has a liquidity of GBP 350 million, with a contract backlog of GBP 3 billion and outstanding CapEx of GBP 2.2 billion [8][9] 6. **Golden Ocean's Fleet**: Golden Ocean is the largest listed owner of Capesize vessels, with a fleet of 91 ships, an average age of around eight years, and a leverage of 37% on loan facilities [10][11] 7. **Combined Fleet Post-Merger**: The combined fleet will exceed 250 vessels, with a projected net asset value (NAV) of $14.9 per share and a significant reduction in average fleet age to six years [13][14] 8. **Decarbonization Strategy**: The merged entity will focus on low-carbon solutions, including modern eco fleets and ships capable of being retrofitted for hydrogen and ammonia [15][21] 9. **Market Outlook**: The company is positive on the tanker and dry bulk markets, with expectations of structural undersupply in the tanker market and healthy demand from Asia, particularly China [33][36][47] 10. **Regulatory Support**: The strategy aligns with European regulations aimed at decarbonization, including the proposed greenhouse gas tax set to be implemented in 2028 [22][21] Additional Important Content 1. **Investment Strategy**: The company aims to diversify investments across segments, allowing for flexibility in capital allocation based on market conditions [16][17] 2. **Fleet Modernization**: There is a focus on rejuvenating the fleet by potentially selling older vessels and investing in modern tonnage [60][61] 3. **Long-term Contracts**: The company emphasizes the importance of long-term contracts to stabilize cash flows and reduce risk [71][72] 4. **Bauxite Trade Growth**: The bauxite trade is expected to grow significantly, contributing to increased shipping demand for Capesize vessels [51][52] 5. **Challenges in Chemical Tankers**: The company remains cautious about the chemical tanker market, with limited spot exposure [55][56] This summary encapsulates the critical aspects of the merger presentation, highlighting the strategic direction, financial metrics, and market outlook for the combined entity.

Pacific Basin Shipping (02343) Q1 2025 Earnings Call April 17, 2025 06:00 AM ET Company Participants Martin Fruergaard - CEO & Executive DirectorNathan Gee - MD & Head - Asia Pacific Transportation ResearchNone - Executive Conference Call Participants Parash Jain - AnalystNone - Analyst Operator Welcome to today's Pacific Basin twenty twenty five First Quarter Trading Update Conference Call. I am pleased to present Chief Executive Officer, Mr. Martin Frugard, for the first part of this call. Mr. Frugard, pl ...