Marshall Island Business Digest
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Keeping up with business and economy news from the Marshall Islands

Press Releases

Looking for more press releases? Explore our full press release archive by date to access past announcements, news updates, and media releases published on Marshall Island Business Digest.

Toro Corp. Announces Record Date for the Proposed Spin-Off of its Handysize Tanker Business

Toro Corp. Announces Record Date for the Proposed Spin-Off of its Handysize Tanker Business

LIMASSOL, Cyprus, March 24, 2025 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”) an international energy transportation services company, announced today that, in relation to the previously announced spin-off of its wholly...

ADB, Marshall Islands Partner to Strengthen Skills for Women and Youth

ADB, Marshall Islands Partner to Strengthen Skills for Women and Youth

MANILA, PHILIPPINES (7 November 2024) — The Asian Development Bank (ADB) has approved a $19.7 million project which will increase access to livelihood training opportunities and support services for women and youth in the Marshall Islands,...

Navigator Gas Announces Preliminary Fourth Quarter and Financial Year 2024 Results (Unaudited)

Navigator Gas Announces Preliminary Fourth Quarter and Financial Year 2024 Results (Unaudited)

LONDON, March 12, 2025 (GLOBE NEWSWIRE) -- Fourth Quarter Financial Highlights On March 12, 2025, the Board of Navigator Holdings Ltd. (NYSE: NVGS) (“Navigator Holdings,” "Navigator Gas," “our,” “we,” “us” or the “Company”) declared a cash...

United Maritime Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2024 and Declares Quarterly Cash Dividend of $0.01 Per Share

United Maritime Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2024 and Declares Quarterly Cash Dividend of $0.01 Per Share

Highlights (in million USD, except LPS & EPS) Q4 2024 Q4 2023 12M 2024 12M 2023 Net Revenues $10.8 $11.6 $45.4 $36.1 Net (loss) / income ($1.8) ($0.7) ($3.4) $0.2 Adjusted net (loss) / income 1 ($0.7) ($0.6) ($1.2) $2.8 EBITDA1 $4.0 $4.4 $18.1...

Okeanis Eco Tankers Corp. – Invitation to Q2 2025 Results Conference Call and Webcast

Okeanis Eco Tankers Corp. – Invitation to Q2 2025 Results Conference Call and Webcast

ATHENS, Greece, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (the “Company” or “OET”) (NYSE:ECO / OSE:OET), will report unaudited condensed financial results for the second quarter and six-month period of 2025, after market close on...

United Maritime Announces the Date for the Fourth Quarter and Year Ended December 31, 2024, Financial Results, Conference Call and Webcast

United Maritime Announces the Date for the Fourth Quarter and Year Ended December 31, 2024, Financial Results, Conference Call and Webcast

Earnings Release: Tuesday, March 18, 2025, Before Market Open in New York Conference Call and Webcast: Tuesday, March 18, 2025, at 09:00 a.m. Eastern Time GLYFADA, Greece, March 13, 2025 (GLOBE NEWSWIRE) -- United Maritime Corporation (the...

EuroDry Ltd. Sets Date for the Release of Second Quarter 2025 Results, Conference Call and Webcast

EuroDry Ltd. Sets Date for the Release of Second Quarter 2025 Results, Conference Call and Webcast

ATHENS, Greece, Aug. 06, 2025 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it will release...

Seanergy Maritime Reports Record Full Year Profitability; Reports Fourth Quarter and Twelve Month Financial Results for the Periods Ended December 31, 2024; Declares Quarterly Cash Dividend of $0.10 Per Share

Seanergy Maritime Reports Record Full Year Profitability; Reports Fourth Quarter and Twelve Month Financial Results for the Periods Ended December 31, 2024; Declares Quarterly Cash Dividend of $0.10 Per Share

Highlights (in million USD, except EPS and TCE) Q4 2024 Q4 2023 12M 2024 12M 2023 YoY Growth (%) Net revenues $41.7 $39.4 $167.5 $110.2 +52% Net income $6.6 $10.8 $43.5 $2.3 Record Profitability Adjusted net income1 $7.1 $11.4 $48.8 $11.7 EBITDA1...

Toro Corp. Announces Proposed Spin-Off of its Handysize Tanker Business

Toro Corp. Announces Proposed Spin-Off of its Handysize Tanker Business

LIMASSOL, Cyprus, March 01, 2025 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”) an international energy transportation services company, announces that its Board of Directors (the "Board"), has decided, on the...

Seanergy Maritime Announces the Date for the Fourth Quarter and Year Ended December 31, 2024, Financial Results, Conference Call and Webcast

Seanergy Maritime Announces the Date for the Fourth Quarter and Year Ended December 31, 2024, Financial Results, Conference Call and Webcast

Earnings Release: Thursday, March 6, 2025, Before Market Open in New York Conference Call and Webcast: Thursday, March 6, 2025, at 09:00 a.m. Eastern Time GLYFADA, Greece, Feb. 28, 2025 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. (the...

Genco Shipping & Trading Limited Announces Q4 2024 Financial Results

Genco Shipping & Trading Limited Announces Q4 2024 Financial Results

Declares Dividend of $0.30 per share for Q4 2024 Represents Genco’s 22nd Consecutive Quarterly Dividend NEW YORK, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S....

Okeanis Eco Tankers Corp. Reports Financial Results for the Fourth Quarter and Twelve-Month Period of 2024

Okeanis Eco Tankers Corp. Reports Financial Results for the Fourth Quarter and Twelve-Month Period of 2024

ATHENS, Greece, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (together with its subsidiaries, unless context otherwise dictates, “OET” or the “Company”) (NYSE: ECO, OSE: OET) today reported its unaudited condensed financial results...

Rubico Announces Commencement of Trading on the Nasdaq Capital Market

Rubico Announces Commencement of Trading on the Nasdaq Capital Market

ATHENS, Greece, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Rubico Inc. (the “Company” or “Rubico”) (Nasdaq: RUBI) announced today that it has completed its spin-off from Tops Ships Inc. effective August 1, 2025. The Company’s shares have commenced trading...

Scorpio Tankers Inc. Announces Financial Results for the Fourth Quarter of 2024 and the Declaration of a Dividend

Scorpio Tankers Inc. Announces Financial Results for the Fourth Quarter of 2024 and the Declaration of a Dividend

MONACO, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three months and year ended December 31, 2024. The Company also announced that its board of...

MGO Global’s Stockholders Approve Business Combination with Heidmar at Today’s Special Meeting of Stockholders

MGO Global’s Stockholders Approve Business Combination with Heidmar at Today’s Special Meeting of Stockholders

MIAMI — LONDON, U.K. — ATHENS, Greece , Feb. 14, 2025 (GLOBE NEWSWIRE) -- MGO Global Inc. (Nasdaq: MGOL), a digitally-native, lifestyle brand portfolio company, (“MGO,” "MGO Global” or the “Company”), and Heidmar, Inc., a global commercial and...

Artyfact: Pioneering a New Gaming Economy on Epic Games Store

Artyfact: Pioneering a New Gaming Economy on Epic Games Store

MAJURO, Marshall Islands, Jan. 23, 2025 (GLOBE NEWSWIRE) -- In a landmark move for the gaming and blockchain industries, Artyfact, an AI-powered GameFi platform, is gearing up for its launch on the Epic Games Store on January 24, 2025. This isn't...

Global Ship Lease Reports Results for the Second Quarter of 2025

Global Ship Lease Reports Results for the Second Quarter of 2025

Forward contract cover locked in for 96% of 2025 days and 80% of 2026 days Maximizing strategic optionality while also returning capital to shareholders via annualized dividend of $2.10 per Class A Common Share ATHENS, Greece, Aug. 05, 2025 (GLOBE...

Safe Bulkers, Inc. Reports Second Quarter 2025 Results and  Declares Dividend on Common Stock

Safe Bulkers, Inc. Reports Second Quarter 2025 Results and Declares Dividend on Common Stock

MONACO, July 29, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and six-month periods ended...

Euroseas Ltd. Announces Time Charter for its Older Containership, M/V Aegean Express, and Spin-off of its Older Three Vessels into a Separate Company

Euroseas Ltd. Announces Time Charter for its Older Containership, M/V Aegean Express, and Spin-off of its Older Three Vessels into a Separate Company

ATHENS, Greece, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA) (“Euroseas” or the “Company”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, made today the...

Visitor Spending Increased Despite Fewer Visitor Arrivals in June 2025

Visitor Spending Increased Despite Fewer Visitor Arrivals in June 2025

Posted on Jul 31, 2025 in News For Immediate Release: July 31, 2025 HONOLULU—According to preliminary statistics from the Department of Business, Economic Development and Tourism (DBEDT), there were 857,102 total visitors to the Hawaiian Islands...

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