Latest news with #Ultramax
Yahoo
5 days ago
- Business
- Yahoo
EuroDry Ltd. Sets Date for the Release of First Quarter 2025 Results, Conference Call and Webcast
ATHENS, Greece, June 03, 2025 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the 'Company' or 'EuroDry'), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it will release its financial results for the first quarter ended March 31, 2025 on June 5, 2025 before market opens in New York. On the same day, Thursday, June 5, 2025, at 10:00 a.m. Eastern Time, the Company's management will host a conference call and webcast to discuss the results. Conference Call details:Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 877 405 1226 (US Toll-Free Dial In) or +1 201 689 7823 (US and Standard International Dial In). Please quote 'EuroDry' to the operator and/or conference ID 13754200. Click here for additional participant International Toll -Free access numbers. Alternatively, participants can register for the call using the call me option for a faster connection to join the conference call. You can enter your phone number and let the system call you right away. Click here for the call me option. Audio Webcast- Slides Presentation:There will be a live and then archived webcast of the conference call and accompanying slides, available on the Company's website. To listen to the archived audio file, visit our website and click on Company Presentations under our Investor Relations page. Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. The slide presentation for the first quarter ended March 31, 2025, will also be available in PDF format 10 minutes prior to the conference call and webcast, accessible on the company's website ( on the webcast page. Participants to the webcast can download the PDF presentation. About EuroDry Ltd. was formed on January 8, 2018 under the laws of the Republic of the Marshall Islands to consolidate the drybulk fleet of Euroseas Ltd. into a separate listed public company. EuroDry was spun off from Euroseas Ltd on May 30, 2018; it trades on the NASDAQ Capital Market under the ticker EDRY. EuroDry operates in the dry cargo, drybulk shipping market. EuroDry's operations are managed by Eurobulk Ltd., an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management company and Eurobulk (Far East) Ltd. Inc., which are responsible for the day-to-day commercial and technical management and operations of the vessels. EuroDry employs its vessels on spot and period charters and under pool agreements. The Company has a fleet of 12 vessels, including 4 Panamax drybulk carriers, 5 Ultramax drybulk carriers, 2 Kamsarmax drybulk carriers and 1 Supramax drybulk carrier. EuroDry's 12 drybulk carriers have a total cargo capacity of 843,402 dwt. After the delivery of two Ultramax vessels in 2027, the Company's fleet will consist of 14 vessels with a total carrying capacity of 970,402 dwt. Visit our website Company ContactTasos AslidisChief Financial Officer EuroDry Ltd.11 Canterbury Lane, Watchung, NJ07069 Tel. (908) 301-9091E-mail: aha@ Investor Relations / Financial MediaNicolas Bornozis Markella Kara Capital Link, Inc.230 Park Avenue, Suite 1540 New York, NY10169Tel.(212) 661-7566E-mail: eurodry@ in to access your portfolio
Business Wire
5 days ago
- Business
- Business Wire
EnTrust Global's Blue Ocean Marks Record Year with SEACOR Marine, Belships ASA, and Rocktree Group Deals
NEW YORK--(BUSINESS WIRE)--Blue Ocean, a maritime finance investment platform managed by EnTrust Global, a leading alternative asset management firm, today announced that it deployed over $2.1 billion across more than 20 transactions in 2024 and Q1 2025. This success was driven by Blue Ocean's largest-ever debt deal with SEACOR Marine Holdings Inc.; largest equity deal and first public company take-private with Belships ASA; and an up to $350 million senior secured financing for Rocktree Group, marking Blue Ocean's expansion into the South American logistics market. Notably, in 2024, Blue Ocean completed its 100th transaction since the strategy's inception, further cementing itself as a market leader for alternative financing to the maritime industry. As of March 31, 2025, Blue Ocean has already deployed approximately $838 million across six transactions this year. In aggregate, the strategy has now invested approximately $6 billion since launching in 2017, while building a reputation for providing timely, comprehensive financing solutions throughout the capital structure. Gregg S. Hymowitz, Chairman and Chief Executive Officer of EnTrust Global: 'These transactions and record growth reflect a major milestone in Blue Ocean's reputation as a dependable strategic financing partner for borrowers and other investors. Thanks to our global network and relationships, the strategy has already outperformed expectations for capital deployment in Q1 2025.' Svein Engh, Blue Ocean Senior Managing Director and Portfolio Manager: "The professionals throughout our Blue Ocean network bring decades of industry experience, along with connections and specialized expertise that is unmatched. This allows us to directly source most of our transactions and build genuine, lasting relationships with customers across every sector we serve." Below is more detail on the notable 2024-2025 transactions mentioned above: SEACOR Marine Holdings Inc. is a public company that provides global marine and support transportation services to offshore energy facilities, predominantly oil and gas exploration and production, decommissioning support, and offshore wind. Proceeds from the $391 million secured debt issuance were used to refinance all existing indebtedness. Additionally, some of the capital will be used to partly finance the construction of two multi-purpose platform supply vessels. Belships ASA specializes in owning and operating dry bulk carriers and delivering a range of shipping, trading, and management solutions to the global bulk shipping, offshore, and freight handling markets. This deal is supported by a modern fleet of 30 predominantly Japanese-built Ultramax bulkers, with an additional 12 newbuildings on order, a low-cost financing structure, and flexible purchase options on lease-financed vessels. Rocktree Group is a leading infrastructure service provider through a global network of offshore and onshore terminals, shuttle and self-discharging vessels, barges, shipyards and other turnkey solutions. The Blue Ocean financing supported Rocktree Group's acquisition of a complementary logistics company and provides dry powder for additional growth. The transaction is an illustration of the strategy's ability to provide financing to a broad range of maritime-adjacent sectors. About EnTrust Global EnTrust Global is a leading global alternative asset management firm. Founded in 1997 by Chairman and CEO Gregg S. Hymowitz, the firm manages assets for over 600 institutional investors. EnTrust Global provides alternative investment solutions through commingled funds and customized funds-of-one, with a focus on opportunistic credit, maritime finance, energy transition and sports, media and entertainment strategies. EnTrust Global has 11 offices worldwide and is headquartered in New York and London. To learn more about Blue Ocean, please visit
Yahoo
5 days ago
- Business
- Yahoo
EnTrust Global's Blue Ocean Marks Record Year with SEACOR Marine, Belships ASA, and Rocktree Group Deals
Maritime finance group deployed $2.1 billion across more than 20 transactions in 2024 and Q1 2025, with $6.1 billion invested since inception NEW YORK, June 03, 2025--(BUSINESS WIRE)--Blue Ocean, a maritime finance investment platform managed by EnTrust Global, a leading alternative asset management firm, today announced that it deployed over $2.1 billion across more than 20 transactions in 2024 and Q1 2025. This success was driven by Blue Ocean's largest-ever debt deal with SEACOR Marine Holdings Inc.; largest equity deal and first public company take-private with Belships ASA; and an up to $350 million senior secured financing for Rocktree Group, marking Blue Ocean's expansion into the South American logistics market. Notably, in 2024, Blue Ocean completed its 100th transaction since the strategy's inception, further cementing itself as a market leader for alternative financing to the maritime industry. As of March 31, 2025, Blue Ocean has already deployed approximately $838 million across six transactions this year. In aggregate, the strategy has now invested approximately $6 billion since launching in 2017, while building a reputation for providing timely, comprehensive financing solutions throughout the capital structure. Gregg S. Hymowitz, Chairman and Chief Executive Officer of EnTrust Global:"These transactions and record growth reflect a major milestone in Blue Ocean's reputation as a dependable strategic financing partner for borrowers and other investors. Thanks to our global network and relationships, the strategy has already outperformed expectations for capital deployment in Q1 2025." Svein Engh, Blue Ocean Senior Managing Director and Portfolio Manager:"The professionals throughout our Blue Ocean network bring decades of industry experience, along with connections and specialized expertise that is unmatched. This allows us to directly source most of our transactions and build genuine, lasting relationships with customers across every sector we serve." Below is more detail on the notable 2024-2025 transactions mentioned above: SEACOR Marine Holdings Inc. is a public company that provides global marine and support transportation services to offshore energy facilities, predominantly oil and gas exploration and production, decommissioning support, and offshore wind. Proceeds from the $391 million secured debt issuance were used to refinance all existing indebtedness. Additionally, some of the capital will be used to partly finance the construction of two multi-purpose platform supply vessels. Belships ASA specializes in owning and operating dry bulk carriers and delivering a range of shipping, trading, and management solutions to the global bulk shipping, offshore, and freight handling markets. This deal is supported by a modern fleet of 30 predominantly Japanese-built Ultramax bulkers, with an additional 12 newbuildings on order, a low-cost financing structure, and flexible purchase options on lease-financed vessels. Rocktree Group is a leading infrastructure service provider through a global network of offshore and onshore terminals, shuttle and self-discharging vessels, barges, shipyards and other turnkey solutions. The Blue Ocean financing supported Rocktree Group's acquisition of a complementary logistics company and provides dry powder for additional growth. The transaction is an illustration of the strategy's ability to provide financing to a broad range of maritime-adjacent sectors. About EnTrust GlobalEnTrust Global is a leading global alternative asset management firm. Founded in 1997 by Chairman and CEO Gregg S. Hymowitz, the firm manages assets for over 600 institutional investors. EnTrust Global provides alternative investment solutions through commingled funds and customized funds-of-one, with a focus on opportunistic credit, maritime finance, energy transition and sports, media and entertainment strategies. EnTrust Global has 11 offices worldwide and is headquartered in New York and London. To learn more about Blue Ocean, please visit View source version on Contacts Keegan Baleskbales@
Associated Press
5 days ago
- Business
- Associated Press
EuroDry Ltd. Sets Date for the Release of First Quarter 2025 Results, Conference Call and Webcast
ATHENS, Greece, June 03, 2025 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the 'Company' or 'EuroDry'), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it will release its financial results for the first quarter ended March 31, 2025 on June 5, 2025 before market opens in New York. On the same day, Thursday, June 5, 2025, at 10:00 a.m. Eastern Time, the Company's management will host a conference call and webcast to discuss the results. Conference Call details: Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 877 405 1226 (US Toll-Free Dial In) or +1 201 689 7823 (US and Standard International Dial In). Please quote 'EuroDry' to the operator and/or conference ID 13754200. Click here for additional participant International Toll -Free access numbers. Alternatively, participants can register for the call using the call me option for a faster connection to join the conference call. You can enter your phone number and let the system call you right away. Click here for the call me option. Audio Webcast- Slides Presentation: There will be a live and then archived webcast of the conference call and accompanying slides, available on the Company's website. To listen to the archived audio file, visit our website and click on Company Presentations under our Investor Relations page. Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. The slide presentation for the first quarter ended March 31, 2025, will also be available in PDF format 10 minutes prior to the conference call and webcast, accessible on the company's website ( on the webcast page. Participants to the webcast can download the PDF presentation. About EuroDry Ltd. EuroDry Ltd. was formed on January 8, 2018 under the laws of the Republic of the Marshall Islands to consolidate the drybulk fleet of Euroseas Ltd. into a separate listed public company. EuroDry was spun off from Euroseas Ltd on May 30, 2018; it trades on the NASDAQ Capital Market under the ticker EDRY. EuroDry operates in the dry cargo, drybulk shipping market. EuroDry's operations are managed by Eurobulk Ltd., an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management company and Eurobulk (Far East) Ltd. Inc., which are responsible for the day-to-day commercial and technical management and operations of the vessels. EuroDry employs its vessels on spot and period charters and under pool agreements. The Company has a fleet of 12 vessels, including 4 Panamax drybulk carriers, 5 Ultramax drybulk carriers, 2 Kamsarmax drybulk carriers and 1 Supramax drybulk carrier. EuroDry's 12 drybulk carriers have a total cargo capacity of 843,402 dwt. After the delivery of two Ultramax vessels in 2027, the Company's fleet will consist of 14 vessels with a total carrying capacity of 970,402 dwt. Visit our website
Yahoo
28-05-2025
- Business
- Yahoo
Jinhui Shipping and Transportation Ltd (LTS:0JOD) Q1 2025 Earnings Call Highlights: Strong ...
Release Date: May 26, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Jinhui Shipping and Transportation Ltd (LTS:0JOD) reported a significant revenue increase of 41% compared to the previous quarter. Net profit for Q1 2025 increased sixfold, showcasing strong financial performance. The company successfully concluded a long-standing legal proceeding, resulting in a settlement income of $20.2 million. The fleet expanded to 26 vessels, enhancing the company's operational capacity. The balance sheet remains healthy with a low gearing ratio of 16%, indicating strong financial stability. Shipping-related expenses increased to $21.6 million, primarily due to higher payments for chartered vessels. The daily running cost of owned vessels rose from $4,830 to $5,375, attributed to fleet expansion and initial costs. Time charter equivalent rates for Capesize, Panamax, and Ultramax fleets showed a slight decrease compared to previous periods. The market environment in 2025 is filled with uncertainty, including geopolitical tensions and potential US tariffs affecting operations. No new long-term contracts were locked in during the quarter due to market volatility, impacting future revenue visibility. Warning! GuruFocus has detected 5 Warning Signs with LTS:0JOD. Q: Can you provide more details on the $20 million settlement income received from the legal proceedings with Parco Shipping PTE Limited? A: The settlement income of $20.2 million was received as a result of legal proceedings related to the non-performance of a charter party with Parco Shipping PTE Limited. This matter has been ongoing for years, and we are pleased to announce that it has reached a final conclusion. We plan to set aside this amount for potential opportunities to renew our vessels, focusing on the Ultramax segment, which remains our core strength. (Unidentified_1) Q: How does the company plan to handle the current volatile market conditions and geopolitical uncertainties? A: The geopolitical situation remains fluid, with uncertainties such as US tariffs and potential penalties on Chinese-built vessels. We aim to manage our balance sheet prudently and maintain a young fleet. We will continue to seek opportunities to maximize revenue and lock in earnings visibility through longer-term charters. However, given the current volatility, it is challenging to provide specific future plans. (Unidentified_1) Q: What is the company's outlook on the shipping rates for the Ultramax, Panamax, and Supermax sectors? A: Our focus remains on the Ultramax sector, which we believe is the most defensive. While we hope for stability in Supermax rates around $12,000 per day, shipping is inherently volatile, and we cannot predict future rates with certainty. We will continue to react to market conditions and make decisions based on opportunities that arise. (Unidentified_1) Q: Are there any plans for new long-term contracts or fleet acquisitions in the near future? A: Currently, we have no new long-term contracts locked in this quarter due to market volatility. Approximately 50% of our vessels are under long-term contracts ranging from 1 to 5 years. We will update the market if any new contracts are secured. As for fleet acquisitions, we have no commitments at this time and will make decisions based on market conditions and pricing. (Unidentified_1) Q: How does the company view the quality of Chinese-built ships compared to Japanese-built ships? A: Historically, Japanese yards have been favored by many charters. However, many first-class Chinese yards now produce high-quality ships comparable to Japanese-built ones. We evaluate ships based on quality, customer needs, and price, and we will continue to make decisions that align with our strategic goals. (Unidentified_1) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
