Latest news with #drybulk
Yahoo
06-08-2025
- Business
- Yahoo
Pyxis Tankers Announces Date for the Release of the Second Quarter 2025 Results
Maroussi, Greece, August 6, 2025 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international shipping company with a focus on the seaborne transportation of refined petroleum products and dry bulk commodities, today announced the following: We will issue our unaudited results for the second quarter ended June 30, 2025, before the market opens in New York on Friday, August 8, 2025. An accompanying slide presentation of the second quarter 2025 financial results will be available on the Pyxis Tankers website, under the Presentations section of the Investor Relations Pyxis Tankers Inc. The Company currently owns a modern fleet of six mid-sized eco-vessels, which are engaged in the seaborne transportation of a broad range of refined petroleum products and dry-bulk commodities and consists of three MR product tankers, one Kamsarmax bulk carrier and controlling interests in two dry-bulk joint ventures of a sister-ship Kamsarmax and an Ultramax. The Company is positioned to opportunistically expand and maximize its fleet of eco-efficient vessels due to significant capital resources, competitive cost structure, strong customer relationships and an experienced management team whose interests are aligned with those of its Tankers Inc. 59 K. Karamanli StreetMaroussi, 15125 Greece info@ Visit our website at Company ContactHenry Williams Chief Financial Officer Tel: +30 (210) 638 0200 / +1 (516) 455-0106 Email: hwilliams@ Source: Pyxis Tankers 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
Yahoo
03-08-2025
- Business
- Yahoo
Why Star Bulk Carriers (SBLK) is Gaining Attention Among Dividend-Paying Shipping Stocks
Star Bulk Carriers Corp. (NASDAQ:SBLK) is included among the 10 Best Shipping Stocks with Dividends. A hugh vessel carrying hundreds of containers passing by a small fishermen boat. Star Bulk Carriers Corp. (NASDAQ:SBLK), a Greece-based shipping company listed in the US, operates a fleet of 148 dry bulk vessels that transport global commodities such as grains, fertilizers, minerals, and steel products. The company runs three categories of ships, with an average fleet age of under 10 years, positioning it among the most cost-efficient dry bulk operators worldwide. Despite facing seasonal market softness in the first quarter of 2025, Star Bulk Carriers Corp. (NASDAQ:SBLK) remained profitable, reporting a net income of $0.5 million, EBITDA of $58.0 million, and a time charter equivalent (TCE) rate of $12,439 per vessel per day. With liquidity exceeding $500 million, net debt below the fleet's scrap value, and 13 vessels unencumbered, the company views itself as well-positioned to take advantage of opportunities within the dry bulk sector. Star Bulk Carriers Corp. (NASDAQ:SBLK) also continues to follow a disciplined capital allocation strategy focused on enhancing shareholder value through a mix of dividends and share repurchases. The Board announced a $0.05 per share dividend, marking the 17th straight quarter of capital returns, which have reached approximately $1.35 billion to date. In addition, the company repurchased around 1.3 million shares using proceeds from vessel sales at net asset value, buying back stock at prices well below NAV to capitalize on market dislocations and further boost shareholder returns. With a dividend yield of 7.85%, as of July 30, SBLK is among the best dividend stocks in the shipping sector. While we acknowledge the potential of SBLK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
Yahoo
02-08-2025
- Business
- Yahoo
Why Star Bulk Carriers (SBLK) is Gaining Attention Among Dividend-Paying Shipping Stocks
Star Bulk Carriers Corp. (NASDAQ:SBLK) is included among the 10 Best Shipping Stocks with Dividends. A hugh vessel carrying hundreds of containers passing by a small fishermen boat. Star Bulk Carriers Corp. (NASDAQ:SBLK), a Greece-based shipping company listed in the US, operates a fleet of 148 dry bulk vessels that transport global commodities such as grains, fertilizers, minerals, and steel products. The company runs three categories of ships, with an average fleet age of under 10 years, positioning it among the most cost-efficient dry bulk operators worldwide. Despite facing seasonal market softness in the first quarter of 2025, Star Bulk Carriers Corp. (NASDAQ:SBLK) remained profitable, reporting a net income of $0.5 million, EBITDA of $58.0 million, and a time charter equivalent (TCE) rate of $12,439 per vessel per day. With liquidity exceeding $500 million, net debt below the fleet's scrap value, and 13 vessels unencumbered, the company views itself as well-positioned to take advantage of opportunities within the dry bulk sector. Star Bulk Carriers Corp. (NASDAQ:SBLK) also continues to follow a disciplined capital allocation strategy focused on enhancing shareholder value through a mix of dividends and share repurchases. The Board announced a $0.05 per share dividend, marking the 17th straight quarter of capital returns, which have reached approximately $1.35 billion to date. In addition, the company repurchased around 1.3 million shares using proceeds from vessel sales at net asset value, buying back stock at prices well below NAV to capitalize on market dislocations and further boost shareholder returns. With a dividend yield of 7.85%, as of July 30, SBLK is among the best dividend stocks in the shipping sector. While we acknowledge the potential of SBLK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Sign in to access your portfolio
Yahoo
02-08-2025
- Business
- Yahoo
Is Genco Shipping & Trading Limited (GNK) One of the Safest Shipping Stocks for Dividend Investors?
Genco Shipping & Trading Limited (NYSE:GNK) is included among the 10 Best Shipping Stocks with Dividends. A close-up of a large cargo vessel in the open sea, its sails billowing in the wind. Genco Shipping & Trading Limited (NYSE:GNK) operates a fleet of over 40 dry bulk vessels that move commodities across international trade routes. The company offers a dedicated in-house commercial platform to assist clients in managing the transportation of iron ore, grain, steel, cement, and other dry cargo. Recently, it has drawn investor interest following a notable development— Diana Shipping, a well-established Greek dry bulk firm, has acquired a substantial equity stake in Genco worth around $46 million. This move signals a key development for both companies as they adapt to shifting dynamics in the global shipping and logistics sector. In its first quarter 2025 earnings report, Genco Shipping & Trading Limited (NYSE:GNK) highlighted that drybulk freight rates have seen an improvement starting from March 2025 and continuing into the second quarter, as indicated by the company's Q2 time charter equivalent (TCE) performance, which stands 18% above the levels recorded in the first quarter. Supported by low financial leverage, a favorable cash flow breakeven rate, and ample access to capital, the company believes it is well-positioned to navigate the ongoing geopolitical volatility. On May 8, Genco Shipping & Trading Limited (NYSE:GNK) reduced its dividend by 50%, a move that left many investors disappointed. Despite the cut, the company has maintained a relatively consistent track record of paying dividends over time. GEN has been making uninterrupted dividend payments to shareholders for 23 quarters. Its quarterly dividend comes in at $0.15 per share and has a dividend yield of 3.79%, as of July 30. While we acknowledge the potential of GNK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
Reuters
22-07-2025
- Business
- Reuters
Rotterdam port throughput down 4.1% in first half of 2025
AMSTERDAM, July 22 (Reuters) - Throughput at the Port of Rotterdam, Europe's largest sea port, was down 4.1% in the first half of 2025, it said on Tuesday, with dry bulk falling 8.9% and wet bulk down by 5.3%. Overall volumes stood at 211 million metric tons in the first six months of 2025 compared with 220 million tons a year ago. "The lack of investment in the industry by the market is a cause for concern for the port authority," the Port of Rotterdam said in a statement. "Although the government has taken positive steps recently to bring the playing field for Dutch industry more in line with that of neighbouring countries, additional measures are necessary." The port authority said its revenues nonetheless rose by 5.2% during the first half of the year to 462.3 million euros ($540.75 million), adding that this was mainly due to inflation and a "balance of various new and expiring contracts". The company's earnings before interest, taxes, depreciation and amortisation increased by 1.1% to 295 million euros while net income fell by 3.2% to 143.6 million. ($1 = 0.8549 euros)
