Handysize

Toro Corp. Announces the Completion of the Sale of the M/T Wonder Formosa

Retrieved on: 
Monday, November 20, 2023

LIMASSOL, Cyprus, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”) an international energy transportation services company, announces that on November 16, 2023, the Company completed the previously announced sale of the M/T Wonder Formosa, a 2006-built Handysize tanker, at a price of $18.0 million, by delivering the vessel to its new owner.

Key Points: 
  • LIMASSOL, Cyprus, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”) an international energy transportation services company, announces that on November 16, 2023, the Company completed the previously announced sale of the M/T Wonder Formosa, a 2006-built Handysize tanker, at a price of $18.0 million, by delivering the vessel to its new owner.
  • The Company expects to record a net gain on the above-mentioned sale of approximately $9.0 million, excluding any transaction-related costs, during the fourth quarter of 2023.

Imperial Petroleum Inc. Reports Second Quarter and Six Months 2023 Financial and Operating Results

Retrieved on: 
Thursday, August 10, 2023

ATHENS, Greece, Aug. 10, 2023 (GLOBE NEWSWIRE) -- IMPERIAL PETROLEUM INC. (NASDAQ: IMPP, the “Company”), a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced today its unaudited financial and operating results for the second quarter and six months ended June 30, 2023.

Key Points: 
  • ATHENS, Greece, Aug. 10, 2023 (GLOBE NEWSWIRE) -- IMPERIAL PETROLEUM INC. (NASDAQ: IMPP, the “Company”), a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced today its unaudited financial and operating results for the second quarter and six months ended June 30, 2023.
  • Voyage expenses and vessels’ operating expenses for the three months ended June 30, 2023 were $19.3 million and $7.0 million, respectively, compared to $4.4 million and $3.3 million, respectively, for the three months ended June 30, 2022.
  • EBITDA for the three months ended June 30, 2023 amounted to $21.0 million, while Adjusted EBITDA for the three months ended June 30, 2023 amounted to $30.8 million.
  • EBITDA for the six months ended June 30, 2023 amounted to $60.9 million while Adjusted EBITDA for the six months ended June 30, 2023 amounted to $71.0 million.

TEN Ltd. Reports Record Profits for Fourth Quarter and Year-End 2022 and Declares Annual Dividend of $0.60 Per Common Share

Retrieved on: 
Thursday, March 16, 2023

There were no material non-cash impairment charges in 2022, unlike 2021 where such charges amounted to $86.4 million.

Key Points: 
  • There were no material non-cash impairment charges in 2022, unlike 2021 where such charges amounted to $86.4 million.
  • In the 2022 fourth quarter, with essentially the same number of vessels as the 2021 fourth quarter, TEN generated voyage revenues of $270 million, almost doubling the revenues generated in the 2021 fourth quarter.
  • Net income attributable to TEN in the fourth quarter of 2022 amounted to $101.1 million, or $3.17 per share, the company’s best quarter since its inception in 1993.
  • During the fourth quarter of 2022, the Company issued 569,207 common shares through its ATM program for net proceeds of $10.4 million.

International Seaways Reports Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Tuesday, February 28, 2023

Consolidated TCE revenues for the fourth quarter were $335.7 million, compared to $93.0 million for the fourth quarter of 2021.

Key Points: 
  • Consolidated TCE revenues for the fourth quarter were $335.7 million, compared to $93.0 million for the fourth quarter of 2021.
  • Shipping revenues for the fourth quarter were $338.2 million, compared to $94.7 million for the fourth quarter of 2021.
  • Adjusted EBITDA for the fourth quarter was $254.3 million, compared to $11.9 million for the fourth quarter of 2021.
  • Shipping revenues for the Crude Tankers segment were $152.9 million for the fourth quarter of 2022, compared to $44.5 million for the fourth quarter of 2021.

Navigator Gas – A Very Healthy Storm Bolstering the Handysize Market Highlights from the Capital Link Presentation Series

Retrieved on: 
Friday, January 20, 2023

The Company’s fleet is extremely versatile, as its semi- and fully-refrigerated vessels can transport a wide variety of essential cargoes.

Key Points: 
  • The Company’s fleet is extremely versatile, as its semi- and fully-refrigerated vessels can transport a wide variety of essential cargoes.
  • The efficient energy source is extremely versatile and has been in high demand due to the energy crisis in Europe.
  • “We think it’s going to be a large and growing business area for Navigator,” Mr. Zacho said.
  • The views expressed are not those of Capital Link which bears no responsibility for them.

Castor Maritime Inc. Announces Filing of a Revised Registration Statement for the Proposed Spin-Off of its Tanker Fleet

Retrieved on: 
Friday, December 30, 2022

In the proposed spin-off, Castor shareholders will receive one common share of Toro for every ten Castor common shares held at the close of business on December 6, 2022 (the “Record Date”).

Key Points: 
  • In the proposed spin-off, Castor shareholders will receive one common share of Toro for every ten Castor common shares held at the close of business on December 6, 2022 (the “Record Date”).
  • Castor shareholders do not need to take any action to receive Toro shares to which they are entitled, and do not need to pay any consideration or surrender or exchange Castor common shares.
  • Fractional Toro common shares will not be distributed to Castor shareholders.
  • The information in the filed registration statement on Form 20-F is not final and remains subject to change.

Castor Maritime Inc. Announces Results of its 2022 Annual General Meeting of Shareholders

Retrieved on: 
Friday, December 16, 2022

LIMASSOL, Cyprus, Dec. 16, 2022 (GLOBE NEWSWIRE) --  Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announced today that the Company’s 2022 Annual General Meeting of Shareholders (the "Meeting") was duly held on December 15, 2022, at 6:00 p.m., local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus.

Key Points: 
  • LIMASSOL, Cyprus, Dec. 16, 2022 (GLOBE NEWSWIRE) --  Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announced today that the Company’s 2022 Annual General Meeting of Shareholders (the "Meeting") was duly held on December 15, 2022, at 6:00 p.m., local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus.
  • At the Meeting, the following proposals were approved and adopted:
    The re-election of Mr. Dionysios Makris to serve as the Company’s Class B Director until the 2025 Annual General Meeting of Shareholders; and
    The appointment of Deloitte Certified Public Accountants S.A., as the Company’s independent auditors for the fiscal year of 2022.
  • Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of oceangoing cargo vessels.
  • The words “believe”, “anticipate”, “intend”, “estimate”, “forecast”, “project”, “plan”, “potential”, “will”, “may”, “should”, “expect”, “pending” and similar expressions identify forward-looking statements.

Castor Maritime Inc. Announces Extension of Distribution Date to Proposed Spin-Off of its Tanker Fleet

Retrieved on: 
Wednesday, December 14, 2022

The Company expects the spin-off and distribution to Castor holders of common shares on the record date of December 6, 2022 to occur by mid-January 2023.

Key Points: 
  • The Company expects the spin-off and distribution to Castor holders of common shares on the record date of December 6, 2022 to occur by mid-January 2023.
  • The new distribution date and any changes to the terms of the distribution and spin-off will be communicated by the Company in due course.
  • There can be no assurance that the distribution or the spin-off will occur or, if they do occur, their terms or timing.
  • Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of oceangoing cargo vessels.

Castor Maritime Inc. Announces the Deliveries of Two Containership Vessels and New $22.5 Million Debt Financing

Retrieved on: 
Thursday, December 1, 2022

LIMASSOL, Cyprus, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (Castor, or the Company), a diversified global shipping company, announces the deliveries of two vessels.

Key Points: 
  • LIMASSOL, Cyprus, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (Castor, or the Company), a diversified global shipping company, announces the deliveries of two vessels.
  • On November 23, and on November 30, 2022, Castor took delivery of M/V Ariana A and M/V Gabriela A, respectively, both of which are 2005 German-built 2700 TEU containership vessels.
  • The Company also announces the closing of a $22.5 million senior term loan facility by two of its container vessel ship-owning subsidiaries, with an Asian financial institution (the $22.5 Million Financing) secured by its two containership vessels.
  • Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of oceangoing cargo vessels.

Castor Maritime Inc. Announces Proposed Spin-Off of its Tanker Fleet

Retrieved on: 
Wednesday, November 16, 2022

Castor shareholders do not need to take any action to receive Toro shares to which they are entitled, and do not need to pay any consideration or surrender or exchange Castor common shares.

Key Points: 
  • Castor shareholders do not need to take any action to receive Toro shares to which they are entitled, and do not need to pay any consideration or surrender or exchange Castor common shares.
  • Fractional Toro common shares will not be distributed to Castor shareholders.
  • Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of oceangoing cargo vessels.
  • Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.