Marine dry bulk transportation services
Search documents
Is Global Trade Making a Comeback? 3 Shipping Stocks for 2026
ZACKS· 2025-12-16 16:56
Key Takeaways Lower global interest rates are easing financing for capital-heavy shipping companies like SHIP and GSL. Strong iron ore and bauxite demand and limited fleet growth are boosting prospects of capesize carriers. The consensus estimate for 2026 EPS indicates an increase of 32.7% for SHIP, 3.1% for GSL and 85.1% for KNOP.The shipping industry handles the bulk of global trade and is widely regarded as the backbone of the world economy. Despite this vital role, the Zacks Transportation - Shipping in ...
Best Momentum Stock to Buy for December 10th
ZACKS· 2025-12-10 16:01
Group 1: Village Farms International (VFF) - Village Farms International is a producer, marketer, and distributor of greenhouse-grown tomatoes, bell peppers, and cucumbers primarily in North America [1] - The company has a Zacks Rank of 1 (Strong Buy) and has seen a 75% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Shares of Village Farms International gained 34.8% over the last three months compared to the S&P 500's gain of 3.9%, and it possesses a Momentum Score of A [2] Group 2: Seanergy Maritime Holdings (SHIP) - Seanergy Maritime Holdings is a pure-play Capesize ship company providing marine dry bulk transportation services through a modern fleet of Capesize vessels [2] - The company has a Zacks Rank of 1 and has experienced a 72.1% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Shares of Seanergy Maritime Holdings increased by 18.8% over the last three months compared to the S&P 500's gain of 3.9%, and it also has a Momentum Score of A [3] Group 3: BHP Group Limited (BHP) - BHP Group Limited is one of the world's largest mining companies, with operations in Australia, Brazil, Canada, Chile, Peru, and the United States [3] - The company holds a Zacks Rank of 1 and has seen a 9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3] - Shares of BHP Group Limited gained 8.9% over the last three months compared to the S&P 500's gain of 3.9%, and it possesses a Momentum Score of A [4]
Best Income Stocks to Buy for December 10th
ZACKS· 2025-12-10 12:56
Here are the stocks with buy rank and strong income characteristics for investors to consider today, December 10th:BHP Group Limited (BHP) : This company, which is one of the world's largest mining companies, with operations spanning Australia, Brazil, Canada, Chile, Peru, and the United States, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9% over the last 60 days.This Zacks Rank #1 (Strong Buy) company has a dividend yield of 4.1%, compared with the industry average o ...
Seanergy Maritime Releases its 2024 Environmental, Social and Governance Report
Globenewswire· 2025-12-09 15:20
Core Insights - Seanergy Maritime Holdings Corp. published its Environmental, Social and Governance (ESG) Report for the year ended December 31, 2024, emphasizing its commitment to responsible operations across all ESG pillars [1][2]. Group 1: ESG Report Highlights - The fourth annual ESG Report showcases the company's performance through a comprehensive set of sustainability-related Key Performance Indicators and outlines strategic initiatives for environmental stewardship, social responsibility, and governance excellence [2]. - The ESG Report adheres to the Global Reporting Initiative (GRI 2021) Standards and incorporates the Sustainability Accounting Standards Board (SASB) framework for Marine Transportation, aligning with the United Nations' Sustainable Development Goals (SDGs) [3]. - Specific GRI disclosures and SASB indicators in the report have undergone limited assurance by CSE North America, reinforcing the company's commitment to high-quality sustainability reporting [3]. Group 2: Company Overview - Seanergy Maritime Holdings Corp. is a prominent pure-play Capesize shipping company publicly listed in the U.S., providing marine dry bulk transportation services through a modern fleet of Capesize vessels [5]. - The company's operating fleet consists of 20 vessels, including 2 Newcastlemax and 18 Capesize, with an average age of approximately 14.6 years and an aggregate cargo carrying capacity of approximately 3,633,861 deadweight tons (dwt) [5]. - The company is incorporated in the Republic of the Marshall Islands and has executive offices in Glyfada, Greece, with its common shares trading on the Nasdaq Capital Market under the symbol "SHIP" [6].
Best Momentum Stock to Buy for Nov. 20th
ZACKS· 2025-11-20 16:00
Core Insights - Three stocks with strong momentum and buy rankings are highlighted for investors: Phibro Animal Health, Seanergy Maritime Holdings, and California BanCorp Company Summaries - **Phibro Animal Health (PAHC)**: A leading global diversified animal health and mineral nutrition company, providing a wide range of products for food animals. The Zacks Consensus Estimate for its current year earnings increased by 7.4% over the last 60 days. The stock gained 33.3% over the last three months, outperforming the S&P 500's gain of 3.8%. The company has a Momentum Score of A [1][2]. - **Seanergy Maritime Holdings (SHIP)**: A prominent pure-play Capesize ship-owner providing marine dry bulk transportation services through a modern fleet. The Zacks Consensus Estimate for its current year earnings increased by 66.7% over the last 60 days. The stock gained 25.9% over the last three months, also outperforming the S&P 500's gain of 3.8%. The company has a Momentum Score of A [2][3]. - **California BanCorp (BCAL)**: A registered bank holding company offering a range of financial products and services to individuals and small to medium-sized businesses. The Zacks Consensus Estimate for its current year earnings increased by 6.3% over the last 60 days. The stock gained 12.7% over the last three months, again outperforming the S&P 500's gain of 3.8%. The company has a Momentum Score of B [3][4].
New Strong Buy Stocks for Nov. 20: CMC, BCAL, and More
ZACKS· 2025-11-20 12:31
Core Insights - Five stocks have been added to the Zacks Rank 1 (Strong Buy) List, indicating strong potential for investment Group 1: Company Performance - Commercial Metals (CMC) has seen a 12.5% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - California BanCorp (BCAL) has experienced a 6.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - FirstCash (FCFS) has reported a 5.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3] - Phibro Animal Health (PAHC) has noted a 5.5% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [4] - Seanergy Maritime Holdings (SHIP) has recorded a 4.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [5]
Seanergy Maritime Reports Third Quarter and Nine Months Financial Results for the Period Ended September 30, 2025
Globenewswire· 2025-11-13 14:00
Core Insights - Seanergy Maritime Holdings Corp. reported financial results for Q3 2025, showing a net revenue increase to $47.0 million from $44.4 million in Q3 2024, and declared a quarterly cash dividend of $0.13 per share, marking the 16th consecutive dividend [6][10][11] Financial Performance - For Q3 2025, net income was $12.8 million, slightly up from $12.5 million in Q3 2024, while adjusted net income was $14.0 million compared to $14.1 million in the same period last year [3][7] - Adjusted EBITDA for Q3 2025 was $26.6 million, down from $26.8 million in Q3 2024, with EBITDA at $27.5 million compared to $25.2 million in the previous year [3][7][22] - For the nine-month period ending September 30, 2025, net revenues were $108.7 million, down from $125.8 million in the same period of 2024, with net income decreasing to $8.8 million from $36.8 million [8][9] Fleet and Operational Updates - The company's fleet achieved a daily Time Charter Equivalent (TCE) of $23,476 for Q3 2025, down from $26,529 in Q3 2024, while the nine-month TCE rate was $19,031 compared to $25,762 in the same period last year [17][20] - The average daily operating expenses increased to $7,376 in Q3 2025 from $6,637 in Q3 2024 [21] - The company sold a vintage Capesize vessel for approximately $21.6 million, generating net proceeds of about $12.0 million [10][34] Strategic Developments - Seanergy entered into its first newbuilding contract for a Capesize vessel at a cost of approximately $75 million, scheduled for delivery in the first half of 2027 [10][32][33] - The expiration of all outstanding warrants has simplified the capital structure and eliminated potential dilution [10][11][30] Market Outlook - The Capesize charter rates averaged nearly $25,000 in Q3 2025, supported by strong demand for iron ore, bauxite, and coal, with expectations for sustained strong rates due to a low order book [14][26] - The company has hedged approximately 55% of its available days for Q4 2025 at a gross rate of $24,900, estimating a TCE of around $23,900 based on current market conditions [13][26]
Seanergy Maritime Announces the Date for the Third Quarter and Nine Months Ended September 30, 2025, Financial Results, Conference Call, and Webcast
Globenewswire· 2025-11-10 14:00
Core Points - Seanergy Maritime Holdings Corp. will release its financial results for Q3 and the nine months ended September 30, 2025, before the market opens on November 13, 2025 [1] - A conference call and webcast will be held on the same day at 10:00 a.m. Eastern Time to review these results [2] Company Overview - Seanergy Maritime Holdings Corp. is a pure-play Capesize shipping company listed in the U.S., providing marine dry bulk transportation services with a fleet of 20 vessels, including 2 Newcastlemax and 18 Capesize [5] - The average age of the fleet is approximately 14.3 years, with a total cargo carrying capacity of about 3,633,861 deadweight tons (dwt) [5] - The company is incorporated in the Republic of the Marshall Islands and has its executive offices in Glyfada, Greece, with shares trading on the Nasdaq Capital Market under the symbol "SHIP" [6]
Seanergy Maritime Announces Profitable Sale of a Capesize Vessel and Expiration of Class E Warrants
Globenewswire· 2025-09-30 13:00
Core Points - Seanergy Maritime Holdings Corp. has successfully completed the strategic sale of its Capesize vessel, M/V Geniuship, optimizing its fleet and enhancing liquidity [1][5] - The expiration of Class E warrants on August 20, 2025, leaves Seanergy with no outstanding warrants or convertible securities [3][4] Sale of M/V Geniuship - The M/V Geniuship, a 170,057 dwt Capesize bulker built in 2010, was sold for a gross price of approximately $21.6 million [2] - The transaction generated net cash proceeds of approximately $12.0 million and is expected to result in an accounting profit of around $2.5 million, which will be recorded in the third quarter financial results [2] Expiration of Class E Warrants - Class E warrants were issued on August 20, 2020, with a five-year term and an exercise price of $3.98 per share [3] - Following previous exercises and a tender offer, 57,225 common shares remained outstanding as of the expiration date [3] Strategic Implications - The sale of M/V Geniuship aligns with the company's fleet renewal strategy and enhances liquidity and earnings profile [5][6] - The expiration of the Class E and Class D warrants streamlines the capital structure, eliminating legacy dilution risks and enabling cleaner value recognition for shareholders [6] Company Overview - Seanergy Maritime Holdings Corp. is a prominent pure-play Capesize shipping company, operating a fleet of 20 vessels with an average age of approximately 14.3 years and a total cargo carrying capacity of about 3,633,861 dwt [7]
Seanergy Maritime Reports Second Quarter and First Half Financial Results for the Periods Ended June 30, 2025
Globenewswire· 2025-08-05 12:00
Core Insights - Seanergy Maritime Holdings Corp. reported its financial results for Q2 2025, showing a decline in net revenues and net income compared to Q2 2024, but declared a quarterly cash dividend of $0.05 per share, marking the 15th consecutive quarterly dividend [5][6][29]. Financial Performance - For Q2 2025, net revenues were $37.5 million, down from $43.1 million in Q2 2024 [6]. - Net income for Q2 2025 was $2.9 million, compared to $14.1 million in Q2 2024 [6]. - Adjusted net income for Q2 2025 was $3.8 million, down from $16.0 million in Q2 2024 [6]. - EBITDA for Q2 2025 was $17.4 million, compared to $25.8 million in Q2 2024 [6]. - Adjusted EBITDA for Q2 2025 was $18.3 million, down from $28.0 million in Q2 2024 [6]. Operational Highlights - The fleet achieved a daily Time Charter Equivalent (TCE) of $19,807 in Q2 2025, representing a 6% premium over the average Baltic Capesize Index (BCI) of $18,681 for the same period [6][12]. - For the six-month period ended June 30, 2025, net revenues were $61.7 million, down from $81.4 million in the same period of 2024 [7]. - The average daily operating expenses (OPEX) were $6,937, slightly down from $6,999 in the respective period of 2024 [9][20]. Market Conditions - The Capesize market showed significant improvement in Q2 2025, with the BCI averaging approximately $18,700 per day, up from about $13,000 in Q1 2025, driven by a 16% rise in iron ore exports from Australia and Brazil [14][15]. - The Capesize orderbook remains at historically low levels at around 8% of the existing fleet, with approximately 7% of the fleet being over 20 years old [15]. Strategic Initiatives - The company completed $110.6 million in financings and refinancings year-to-date, including a $22.5 million sale and leaseback transaction for the M/V Blueship [8][13]. - The company has fixed about 62% of its operating days for Q3 2025 at a rate of $22,375, projecting a total fleet TCE of $23,081 [12][28]. Dividend Policy - The company declared a quarterly cash dividend of $0.05 per share for Q2 2025, reflecting its commitment to returning value to shareholders [5][29].