
Shipping company $GOGL reported Q1 earnings with an EPS of $0.33 and a dividend of $0.30. Q1 TCE for Capesize was $27,222 and Panamax was $14,978. Despite this, $GOGL stock dropped significantly, ending the day down 10%. In comparison, $SBLK had a higher yield percentage than $GOGL. The market saw a sell-off in $GOGL shares post-earnings, with analysts attributing the decline to a steady climb in the stock over the last six months. Meanwhile, $SBLK outperformed $GOGL in Q2 TCE, with Capesize at $28,950, Panamax at $17,253, and Supramax at $17,001.



SCFI up 7% during the week. Analysts have some catching up to do on their $ZIM estimates, which consensus is still EPS of 0.21 for Q2 and a loss of 0.49 for Q3 $MAERSK $HLAG https://t.co/vLL7WCuEbE
Shanghai Containerized Freight Index rose 7.2% w/w to 2,703.43. $SCFI #Shipping #China https://t.co/CoO7LT60Hk
WCI Shanghai to LA Container Freight Benchmark Rate rises to the highest level since September 2022. https://t.co/OtGMhEvzLo