
In the shipping sector, Hafnia Limited ($HAFN) reported strong third-quarter results, with an earnings per share (EPS) of $0.42 and a revenue of $497.89 million, marking a record profit of $694.40 million for the first nine months of 2024. The company also announced a dividend of $0.379 and a $100 million share buyback plan, which will impact future dividends. In contrast, Frontline plc ($FRO) experienced a decline in its third-quarter performance, reporting an adjusted EPS of $0.34 and a revenue of $490.32 million, reflecting a 10% drop in Europe. Meanwhile, Golden Ocean Group ($GOGL) reported an adjusted EPS of $0.33 and revenue of $232.50 million, with a dividend of $0.30. The overall shipping market in Europe has been mixed, with tankers showing slight rebounds after a weak start, while the broader shipping index reflected declines in various segments. The Baltic Dry Index (BDI) decreased by 72 points to 1509, while the Baltic Clean Tanker Index (BCTI) rose by 7 points to 725.
Shipping Index 11/27: - BCTI: 725 (+7) - BDTI: 895 (+6) - BLPG: 4296 (-31) - BDI: 1509 (-72) - FBX: 3638 (+4) Besides $FRO and $HAFN, most tankers are between -1% and +1% $FRO $NAT $TEN $TRMD $BWET $STNG $TNK $DHT $INSW $ASC $ECO $HAFNI https://t.co/Sxw22cxSBN
Tankers were very red pre market and at market open, but have now rebounded. Investors cheering $HAFN capital allocation at +5%. $FRO -6% $FRO $NAT $TEN $TRMD $BWET $STNG $TNK $DHT $INSW $ASC $ECO $HAFNI https://t.co/voQYykkQrX
Dry Bulk whacked, but off morning lows. $NMM $SBLK $BDRY $HSHP $GOGL $GNK $PANL $SB $SHIP https://t.co/696uj2F31I





















