News - Industry News

Delta Corp Holdings Limited Announces Development of a Multimodal Logistics Park in Nagpur, India

LONDON, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Delta Corp Holdings Limited (“Delta” or the “Company”), a leading international third-party logistics provider, and certain of its subsidiaries today announced a significant milestone in its strategic growth plan with an award for the development of a state-of-the art multimodal logistics park (“MMLP”) in Nagpur, India by the National Highways Logistics Management Limited, a subsidiary of the National Highways Authority of India (“NHAI”). The project is being developed on a design, build, finance, operate, and transfer basis and Delta will be responsible for the construction and operating and maintenance of the MMLP for a term of 45 years. The project is part of the Indian government’s PM Gati Shakti - National Master Plan for Multi-Modal connectivity across India.

Redwood Cross-Border Index: Disruption Coming to a Head at Mexico/Texas Border

– Shift towards migration inspections increase freight wait times at the southern border –

Avance Gas Holding Ltd: Third Quarter 2023 Earnings Release

BERMUDA, November 28, 2023 – Avance Gas Holding Ltd (OSE: AGAS) (“Avance Gas” or the “Company”) today reports unaudited results for the third quarter 2023.

Trax Appoints New Chief Revenue Officer Bill Strogis

Trax Welcomes Sales Leader to Ignite Go-To-Market Strategy and Drive Business Growth

Performance Shipping Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2023

ATHENS, Greece, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today reported net income of $10.4 million and net income attributable to common stockholders of $9.9 million for the third quarter of 2023. The 2023 third quarter results compared to a net income of $10.7 million and net income attributable to common stockholders of $10.4 million for the same period in 2022. Earnings per share, basic and diluted, for the third quarter of 2023 were $0.88 and $0.27, respectively.

Step2 Revolutionizing E-Commerce Logistics with Redwood Logistics

Redwood helps Step2 scale 7x to meet peak Black Friday holiday season demand

Covenant Logistics Group Announces Quarterly Cash Dividend

CHATTANOOGA, Tenn., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today that its board of directors has declared a quarterly cash dividend of $0.11 per share of Class A and Class B common stock. The quarterly cash dividend is payable to stockholders of record on December 1, 2023, and is expected to be paid on December 29, 2023.

Diana Shipping Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2023; Declares Stock Dividend of $0.15 per Share for the Third Quarter 2023

ATHENS, Greece, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today reported net income of $7.4 million and net income attributed to common stockholders of $5.9 million for the third quarter of 2023. This compares to net income of $31.7 million and net income attributed to common stockholders of $30.3 million for the third quarter of 2022. Earnings per share for the third quarter of 2023 was $0.06 basic and diluted, compared to earnings per share of $0.39 basic and $0.37 diluted in the same quarter in 2022.

United Maritime Reports Strong Profit for the Third Quarter, Financial Results for the Nine Months Ended September 30, 2023 and Declares Dividend of $0.075 Per Share

Other Highlights and Developments:

OCTOBER VOLUMES: FREIGHT 1% LOWER, PASSENGERS 4% HIGHER

Ferry – freight: Total volumes in October 2023 were 1.4% below 2022.

OCTOBER VOLUMES: FREIGHT 1% LOWER, PASSENGERS 4% HIGHER

Ferry – freight: Total volumes in October 2023 were 1.4% below 2022.

Q3 2023 INTERIM REPORT: OUTLOOK FIRMED UP BY SOLID QUARTER

ANNOUNCEMENT NO. 37/2023

Titanium Transportation Group Reports Strong Q3 2023 Driven by Continued Growth in Trucking Segment

BOLTON, Ontario, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Titanium Transportation Group Inc. ("Titanium" or the "Company") (TSX:TTNM, OTCQX:TTNMF), is pleased to report its financial results for the three and nine-month period ended September 30, 2023. All amounts are in Canadian dollars.

Touax: Steady activity since the beginning of the year

PRESS RELEASE        Paris, November 14, 2023 – 5.45 p.m.

Performance Shipping Inc. Announces the Sale of 2007 Built M/T P. Kikuma for US$39.3 Million

ATHENS, Greece, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, announced today that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell the 2007-built Aframax tanker vessel M/T P. Kikuma to an unaffiliated third party, for a gross sale price of US$39.3 million. Delivery to the buyer is scheduled for December 2023. The Company expects to record a gain on the sale of the M/T P. Kikuma of approximately US$17.3 million during the fourth quarter of 2023, excluding any commissions and transaction-related costs.

Seanergy Maritime Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2023 and Declares Dividend of $0.025 Per Share

Other Highlights and Developments:

Freight Technologies, Inc. Announces Strong Q3 Preliminary Earnings

Results include 27% Annualized Revenue Growth and 27% Year-over-Year YTD Margin Increase

Star Bulk Carriers Corp. Reports Net Profit of $43.7 Million for the Third Quarter of 2023, and Declares Quarterly Dividend of $0.22 Per Share

ATHENS, Greece, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced its unaudited financial and operating results for the third quarter of 2023. Unless otherwise indicated or unless the context requires otherwise, all references in this press release to "we," "us," "our," or similar references, mean Star Bulk Carriers Corp. and, where applicable, its consolidated subsidiaries.

UPDATE - XPO Recognized for Its Strong Commitment to Military Hiring

Named One of Military.com’s Top 25 Employers for Veterans

Capital Product Partners L.P. Announces Third Quarter 2023 Financial Results

ATHENS, Greece, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (the “Partnership”, “CPLP” or “we” / “us”) (NASDAQ: CPLP), an international owner of ocean-going vessels, today released its financial results for the third quarter ended September 30, 2023.