Core Viewpoint - FedEx will return any tariff refunds received to customers who paid them, following the Supreme Court's ruling that certain tariffs imposed under the International Emergency Economic Powers Act (IEEPA) were illegal [1][2][7]. Group 1: Company Actions - FedEx announced its intention to return tariff refunds to shippers and customers who incurred the costs of the tariffs [2][4]. - The company is focused on supporting customers as they navigate regulatory changes and has taken steps to preserve its right to refunds for IEEPA tariffs [3][4]. - FedEx is committed to transparency and will provide updates as more information becomes available from the government and the court [7]. Group 2: Legal Context - The Supreme Court ruled that the tariffs imposed under IEEPA were unconstitutional, as the law did not authorize the president to impose such tariffs [7]. - The ruling does not affect tariffs imposed by the Trump administration under other legal authorities, and the White House plans to implement alternative tariffs to offset IEEPA tariff revenue [8]. Group 3: Financial Implications - Over $150 billion was collected by the federal government from IEEPA tariffs before they were struck down, which may now be subject to refunds [11]. - Estimates of the total IEEPA tariffs collected range from $150 billion to $200 billion, according to various analyses [11]. - There are existing avenues for pursuing tariff refunds, including lawsuits in the U.S. Court of International Trade and appeals to U.S. Customs and Border Protection [13]. Group 4: Economic Impact - A study by the Federal Reserve Bank of New York indicated that U.S. businesses and consumers bore 86% of the tariff burden, with foreign exporters bearing 14% as of November 2025 [16]. - The share of the tariff burden borne by U.S. businesses and consumers decreased from 94% to 92% over the year [16]. - The Congressional Budget Office noted that foreign exporters absorbed about 5% of the tariff costs, with 95% falling on U.S. firms and consumers [17].

Engaging in the seaborne transportation of crude oil and petroleum worldwide, Scorpio Tankers (NYSE:STNG) has moved from $3.1 billion in net debt in 2021 to a net cash position of roughly $332 million as of early 2026. ...

International Seaways (NYSE:INSW) Q4 2025 Earnings call February 26, 2026 09:00 AM ET Company ParticipantsDerek Solon - Chief Commercial OfficerJames Small - General CounselJeff Pribor - CFOLois Zabrocky - President and CEOOmar Nokta - Managing DirectorConference Call ParticipantsChris Robertson - Equity Research AnalystLiam Burke - Managing Director and Senior AnalystSherif Elmaghrabi - VP and Equity Research AnalystOperatorHello, everyone. Thank you for attending today's International Seaways Inc.'s fourt ...

Diana Shipping (NYSE:DSX) Q4 2025 Earnings call February 26, 2026 09:00 AM ET Company ParticipantsDave Van der Linden - Chief Commercial OfficerMaria Dede - co-CFO and TreasurerSemiramis Paliou - Director and CEOOperatorThank you for standing by, ladies and gentlemen, and welcome to the Diana Shipping Inc. conference call on the fourth quarter and year-end 2025 financial results. We are joined by the company's Chief Executive Officer, Ms. Semiramis Paliou. At this time, all participants are in a listen-only ...

International Seaways (NYSE:INSW) Q4 2025 Earnings call February 26, 2026 09:00 AM ET Company ParticipantsDerek Solon - Chief Commercial OfficerJames Small - General CounselJeff Pribor - CFOLois Zabrocky - President and CEOOmar Nokta - Managing DirectorConference Call ParticipantsChris Robertson - Equity Research AnalystLiam Burke - Managing Director and Senior AnalystSherif Elmaghrabi - VP and Equity Research AnalystOperatorHello, everyone. Thank you for attending today's International Seaways Inc.'s fourt ...

Hafnia (NYSE:HAFN) Q4 2025 Earnings call February 26, 2026 08:30 AM ET Company ParticipantsMikael Skov - CEOPerry Echtelt - CFOSøren Winther - VP CommercialThomas Andersen - EVP, and Head of Investor RelationsConference Call ParticipantsNone - AnalystOperator We will begin shortly. You'll be brought through today's presentation by Hafnia Chief Executive Officer, Mikael Skov, Chief Financial Officer, Perry van Echtelt, Søren Winther, Vice President Commercial, and Thomas Andersen, EVP, Head of Investor Relat ...

Hafnia (NYSE:HAFN) Q4 2025 Earnings call February 26, 2026 08:30 AM ET Speaker1We will begin shortly. You'll be brought through today's presentation by Hafnia CEO, Mikael Skov, CFO, Perry van Echtelt, Søren Winter, VP Commercial, and Thomas Andersen, EVP, Head of Investor Relations. They will be pleased to address any questions after the presentation. Should you have any questions, you can submit them via the chat function or use the raise hand function to be unmuted to ask your question verbally. Questions ...

Cmb.Tech (NYSE:CMBT) Q4 2025 Earnings call February 26, 2026 08:00 AM ET Company ParticipantsAlexander Saverys - CEOChristophe Savi - SVP and Head of the NH3 divisionEnya Derkinderen - Brand ManagerFrode Mørkedal - Managing Director and Equity ResearchJoris Daman - Head of Investor Relations and ESGLudovic Saverys - CFOPetter Haugen - Head of Shipping ResearchConference Call ParticipantsClément Moulin - Sell-side AnalystNone - AnalystNone - AnalystAlexander SaverysGood afternoon, and welcome to the CMB.TECH ...

Cmb.Tech (NYSE:CMBT) Q4 2025 Earnings call February 26, 2026 08:00 AM ET Company ParticipantsAlexander Saverys - CEOChristophe Savi - SVP and Head of the NH3 divisionEnya Derkinderen - Brand ManagerFrode Mørkedal - Managing Director and Equity ResearchJoris Daman - Head of Investor Relations and ESGLudovic Saverys - CFOPetter Haugen - Head of Shipping ResearchConference Call ParticipantsClément Moulin - Sell-side AnalystNone - AnalystNone - AnalystAlexander SaverysGood afternoon, and welcome to the CMB.TECH ...

Cmb.Tech (NYSE:CMBT) Q4 2025 Earnings call February 26, 2026 08:00 AM ET Speaker0Good afternoon, and welcome to the CMB.TECH Earnings Conference Call for the fourth quarter of 2025. My name is Alexander Saverys, and I'm joined here by my colleagues, Joris, Enya, and Ludovic. We will touch upon our classic topics. We'll start with our financial highlights. We will then give you a market update, and finish with a conclusion and a Q&A. For the financial highlights, I'd like to hand it over to Ludovic.Speaker7T ...