shipping

Castor Maritime Inc. (NASDAQ: CTRM) on Friday said it inked a pact to sell M/V Magic Venus, a 2010-built Kamsarmax bulk carrier vessel, for a price of $17.5 million. The pact was formed by the company with an entity owned by a family member of the company's chairman, CEO and...

FedEx Corp (NYSE: FDX) shares tanked in early trading on Wednesday, after the company reported softer-than-expected earnings for its fiscal second quarter and reduced its full-year revenue guidance. The results came amid an exciting earnings season. Here are four analysts' deep dive into...

Costamare Inc (NYSE: CMRE) reported a third-quarter FY23 Voyage revenue growth of 37.2% year-over-year to $397.34 million, beating the consensus of $310.53 million. Adjusted EPS was $0.46, missing the consensus of $0.66. The company repurchased 882,316 common shares, for a total...

On Wednesday, FedEx Corporation (NYSE: FDX) delivered a positive earnings surprise as it poached customers from its rival United Parcel Service Inc (NYSE: UPS) and took advantage of the demise of the Yellow Corporation (OTC: YELLQ) who ceased its operations in July despite being a dominant player...

In a recent episode of Capital Link’s Deep Dive Podcast Series, Ben Nolan, Managing Director of Research at Stifel, interviewed Mads Peter Zacho, CEO of Navigator Holdings Ltd. (NYSE: NVGS). The discussion covered Navigator’s background, current strategy, sector outlook, and plans for...

As we approach the tail-end of 2Q company earnings, the market turned back to focusing on more macro issues, and was immediately “rewarded” by lots of not-so-good news. In this week’s 5 Things, we’ll cover: CPI rose and Core CPI remains sticky. Will the index continue to...

Clouds gathered over United Parcel Service, Inc (NYSE:UPS) after a shaky second quarter influenced heavily by labor disputes. What Happened: UPS hit a rough patch this year primarily due to its ongoing labor disputes with the Teamsters union. A tentative agreement was reached late last month, but...

Yellow (NASDAQ: YELL) just narrowly avoided bankruptcy for the fifth time since 2009. The potential for collapse is still looming, though. That's scaring some customers off, according to three brokers and two industry experts interviewed by FreightWaves. Recent notes from investment banks like...

A strong Chinese economy creates a virtuous cycle for ocean shipping. The manufacture of goods fills container ships and car carriers on the way out, and directly or indirectly drives demand for bulk commodities that fill bulkers and tankers on the way in. googletag.cmd.push(function() { var...

Editor's Note: Due to ZIM Integrated Shipping Services' first-quarter loss, no dividend was paid in the second quarter of 2023. The company maintains a dividend policy of distributing 30%-50% of annual net income to shareholders. This payment is made quarterly at a rate of 30...

FedEx Corp (NYSE:FDX) reported on Wednesday an earnings beat for its fourth quarter, even as revenues failed to meet expectations; here’s what investors need to know. By The Numbers: The Memphis, Tennessee-based express package delivery giant posted earnings of $4.94 per share, beating a $4....

On Tuesday, FedEx Corporation (NYSE: FDX) posted its fiscal 2023 fourth-quarter results with shares falling 3.1% in premarket trading on Wednesday, after a revenue miss and weak profit guidance due to a continuously weakening demand and cost inflation pressures. What’s even more...

Delivery and logistics company FedEx Corp (NYSE: FDX) is set to report fourth-quarter financial results after market close Tuesday. Here’s a look at the key expectations from analysts and why the company’s earnings report could be a bellwether for the overall economy. Earnings...

  Diana Shipping Inc (NYSE: DSX) reported first-quarter FY23 sales growth of 10.2% year-on-year to $72.64 million, beating the analyst consensus estimate of $67.50 million. EPS of $0.22 beat the analyst consensus estimate of $0.14. The increase in time charter revenues was due to increased...

On March 16th, FedEx Corp (NYSE: FDX) hiked its full-year earnings forecast as cost-cutting measures amortized demand weakness at units including FedEx Express, allowing FedEx to top estimates on its adjusted earnings per share but still missing on revenue. Back...