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Strongest Tankers results in 15 years | Hellenic Shipping News Worldwide
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Belships: At Least Couple Of Strong Quarters Still Ahead | Hellenic Shipping News Worldwide
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Although the first quarter (December-February) is usually the seasonally weakest for Stolt-Nielsen, this time the company showed no signs of weakness. Last week Stolt-Nielsen posted the strongest 1Q quarterly results since 2008 with Tank Containers leading the way. However, the war in Ukraine might disrupt the market and brings a lot of uncertainty. As for .
Stolt-Nielsen posts its 1Q (December-February) results this Thursday. We made limited changes to our estimates since our last update and anticipate in-line revenues QoQ, but lower margins. However, what caught the eye during the quarter was breaching the 5% ownership of Odfjell SE line that escalated the merger rumours, nothing firm though. We reiterate our .
Belships reported its 4Q21 results last week. While we were expecting the main Shipping segment to show record-high figures, as they eventually did, the Lighthouse Navigation segment was guided by the company to be lower QoQ, yet, the segment’s results were surprisingly higher. With dividends of NOK 0.9/sh proposed, extraordinary dividends for 1Q22 planned and .
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