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Safe Bulkers, Inc. Added to the Russell 3000 Index

MONACO -- (Marketwired) -- 06/27/17 -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company was added to the broad-market Russell 3000 Index as part of Russell indexes annual reconstitution.Dr. Loukas Barmparis, President of the Company, said: "We are very pleased to be included in the Russell 3000 Index as it provides us with increased visibility within the investment community."Russell US Indexes are the leading US equity benchmarks for institutional investors. This broad range of US inde ...

27.06.2017

DryShips Inc. Reports Updated Key Financial Information Post Reverse Stock Split

ATHENS, GREECE -- (Marketwired) -- 06/22/17 -- DryShips Inc. (NASDAQ: DRYS), or DryShips or the Company, a diversified owner of ocean going cargo vessels, today reports its updated key financial information giving effect to the reverse stock split on June 22, 2017:Key Financial Information as of June 22, 2017, post reverse stock split:Cash and cash equivalents: approximately $113.1 million (or $20.01 per share)Book value of vessels, net: approximately $529.1 million (or $93.61 per share)Debt outstanding balance: approximately $200.0 millionEquity, book value: approximately $442.2 million (or ...

22.06.2017

Seanergy Maritime Holdings Corp. Posts New Presentation Material on Its Website

ATHENS, GREECE -- (Marketwired) -- 06/21/17 -- Seanergy Maritime Holdings Corp. (the "Company" or "Seanergy") (NASDAQ: SHIP), announced today that it has posted its corporate presentation on its website. The corporate presentation can be accessed and downloaded using the following link:From time to time, the Company will post new and/or revised presentations on its website under the Investor Relations, section Presentations.Seanergy Maritime Holdings Corp. is an international shipping company that provides marine dry bulk transportation services through the ownership and o ...

21.06.2017

Ocean Rig UDW Inc. Announces Decision by Highland Capital Management LP Not to Pursue Objections to Recognition of Cayman Proceedings by U.S. Bankruptcy Court

GRAND CAYMAN, CAYMAN ISLANDS -- (Marketwired) -- 06/19/17 -- Ocean Rig UDW Inc. (NASDAQ: ORIG) (" " or "" or the ""), an international contractor of offshore deepwater drilling services, today announced that Highland Capital Management LP ("") has advised the Company that it will not object to the recognition by the U.S. Bankruptcy Court of the provisional liquidation and scheme of arrangement proceedings (the "") before the Grand Court of the Cayman Islands (the "") as foreign main or foreign nonmain proceedings. Highland has advise ...

19.06.2017

DryShips Inc. Announces Reverse Stock Split

ATHENS, GREECE -- (Marketwired) -- 06/19/17 -- DryShips Inc. (NASDAQ: DRYS) (the "Company" or "DryShips"), a diversified owner of ocean going cargo vessels, announced today that its Board of Directors (the "Board") has determined to effect a 1-for-5 reverse stock split of the Company''s issued common shares. At the Company''s annual general meeting of shareholders on May 2, 2017, the Company''s shareholders approved the reverse stock split and granted the Board, or a duly constituted committee thereof, the authority to determine the ...

19.06.2017

DryShips Inc. Announces Successful Delivery of Its Fifth Kamsarmax Drybulk Carrier

ATHENS, GREECE -- (Marketwired) -- 06/14/17 -- DryShips Inc. (NASDAQ: DRYS), or DryShips or the Company, a diversified owner of ocean going cargo vessels, announced today that it has taken delivery of the previously announced 81,300 deadweight tons newbuilding re-sale Kamsarmax drybulk carrier. The vessel will be employed in the spot market.Since the beginning of this year, DryShips has taken delivery of ten vessels and expects to take delivery of seven more by the end of the year.The Company is a diversified owner of ocean going cargo vessels that operate worldwide. The Company owns a fleet ...

14.06.2017

Seanergy Maritime Holdings Corp. Announces Time Charter Contract for M/V Partnership

ATHENS, GREECE -- (Marketwired) -- 06/14/17 -- Seanergy Maritime Holdings Corp. (the "Company" or "Seanergy") (NASDAQ: SHIP), announced today that it has entered into a time charter contract with a major European utility and energy company for its recently delivered Capesize vessel. The 2012-built M/V Partnership will commence a period employment of about twelve to eighteen months and is expected to generate approximately $8.8 million of gross revenue, assuming the full 18 months employment."We are pleased to announce a period employment contract for our most recent C ...

14.06.2017

Ocean Rig UDW Inc. Announces Conditional Exception From Nasdaq Delisting Notice

GRAND CAYMAN, CAYMAN ISLANDS -- (Marketwired) -- 06/12/17 -- Ocean Rig UDW Inc. (NASDAQ: ORIG) (the "Company" or "Ocean Rig"), a global provider of offshore deepwater drilling services, today announced that it has received a decision letter from the Nasdaq Hearings Panel (the "Panel") granting a conditional exception from the decision of the Staff of The Nasdaq Stock Market LLC ("Nasdaq") to delist the Company''s common stock, as previously disclosed by the Company on March 30, 2017. This exception allows the Company''s common stock ...

12.06.2017

Star Bulk Announces the Acquisition of a Modern Supramax Vessel With Secured Financing

ATHENS, GREECE -- (Marketwired) -- 06/12/17 -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced that it has entered into a definitive agreement to acquire a Supramax dry bulk carrier ("the Vessel") from an unaffiliated third party. The acquisition will be partly financed through debt secured from a financial institution.The Vessel has a carrying capacity of 56,582 deadweight tons and was built to high specifications at Jiangsu Hantong Shipyard, Chi ...

12.06.2017

Dryships Inc. Announces Successful Delivery of Its Modern Very Large Crude Carrier

ATHENS, GREECE -- (Marketwired) -- 06/09/17 -- DryShips Inc. (NASDAQ: DRYS), or DryShips or the Company, a diversified owner of ocean going cargo vessels, announced today that it has taken delivery of the previously announced 320,105 deadweight tons Very Large Crude Carrier built in 2011. The vessel will be employed in the spot market.Since the beginning of this year, DryShips has taken delivery of nine vessels and expects to take delivery of eight more by the end of the year.The Company is a diversified owner of ocean going cargo vessels that operate worldwide. The Company owns a fleet of (i ...

09.06.2017

Dynagas LNG Partners LP Reports Results for the Three Months Ended March 31, 2017

MONACO -- (Marketwired) -- 06/08/17 -- Dynagas LNG Partners LP (NYSE: DLNG) ("Dynagas Partners" or the "Partnership"), an owner and operator of liquefied natural gas ("LNG") carriers, today announced its results for the three months ended March 31, 2017.Announced the refinancing of all of the Partnership''s existing secured bank debt with a new $480.0 million institutional senior secured Term Loan B that is expected to increase its net cash flow and that extends the maturity of its secured debt to 2023;Net income of $12.9 million and Earnings per common ...

08.06.2017

DryShips Inc. Announces Successful Delivery of Its Fourth Kamsarmax Drybulk Carrier

ATHENS, GREECE -- (Marketwired) -- 06/06/17 -- DryShips Inc. (NASDAQ: DRYS), or DryShips or the Company, a diversified owner of ocean going cargo vessels, announced today that it has taken delivery of the previously announced 82,129 deadweight tons Kamsarmax drybulk carrier built in 2014. The vessel will be employed in the spot market.Since the beginning of this year, DryShips has taken delivery of eight vessels and expects to take delivery of nine more by the end of the year.The Company is a diversified owner of ocean going cargo vessels that operate worldwide. The Company owns a fleet of (i ...

06.06.2017

Complimentary Transcript Available for Product Tanker Webinar

NEW YORK, NY -- (Marketwired) -- 06/05/17 -- Capital Link announced the availability of the transcript for its latest webinar focused on the product tanker shipping sector that took place this past Thursday, June 1, 2017 at 10:00 am EDT.The webinar was moderated by James Jang, Shipping Analyst, Maxim Group and included the following panelists:Kim Ullman, Chief Executive Officer - Concordia Maritime (CCOR-B (STO))Marco Fiori, Chief Executive Officer - d''Amico International Shipping (BIT: DIS)Eddie Valentis, Chief Executive Officer - Pyxis Tankers (NASDAQ: PXS)As part of this webinar ...

05.06.2017

TEN LTD Announces Delivery and Long-Term Charter of Aframax Crude Tanker Oslo TS

ATHENS, GREECE -- (Marketwired) -- 06/01/17 -- TEN, LTD. (NYSE: TNP), a leading crude, product and LNG tanker operator, today announced the delivery of the aframax tanker Oslo TS, the seventh in a series of nine tankers built for long-term employment to a European oil concern. The vessel which has a 1B ice-class notation commenced its long-term employment with possible gross revenues in excess of $110 million.The two remaining aframaxes under our fifteen-vessel growth program, the Bergen TS and the Stavanger TS are scheduled to be delivered and commence their long term employment in the third ...

01.06.2017

Dryships Inc. Announces Successful Delivery of Its Third Kamsarmax Drybulk Carrier

ATHENS, GREECE -- (Marketwired) -- 06/01/17 -- DryShips Inc. (NASDAQ: DRYS), or DryShips or the Company, a diversified owner of ocean going cargo vessels, announced today that it has taken delivery of the previously announced 81,129 deadweight tons Kamsarmax drybulk carrier built in 2014. The vessel will be employed in the spot market.The Company is a diversified owner of ocean going cargo vessels that operate worldwide. The Company owns a fleet of (i) 13 Panamax drybulk vessels; (ii) 4 Newcastlemax drybulk vessels, 3 of which are expected to be delivered in the second quarter of 2017; (iii) ...

01.06.2017

Seanergy Maritime Holdings Corp. Announces Delivery of the Capesize Vessel M/V Partnership

ATHENS, GREECE -- (Marketwired) -- 06/01/17 -- Seanergy Maritime Holdings Corp. (the "Company" or "Seanergy") (NASDAQ: SHIP), announced today that on May 31, 2017 it took delivery of the M/V Partnership, a 179,213 dwt Capesize dry bulk vessel, built in 2012 by Hyundai in South Korea. The Company entered into the agreement to acquire the M/V Partnership in April 2017. The Company funded the gross purchase price of $32.65 million by a secured loan facility from a European bank and from financing arrangements with the Company''s sponsor."We are pleased to take ...

01.06.2017

Ocean Rig UDW Inc. Announces Date of Convening Hearings for Scheme Companies and Extension of DRH Early Consent Deadline

GRAND CAYMAN, CAYMAN ISLANDS -- (Marketwired) -- 06/01/17 -- Ocean Rig UDW Inc. (NASDAQ: ORIG) (" " or "" or the ""), an international contractor of offshore deepwater drilling services, today announced that hearings before the Grand Court of the Cayman Islands (the "") at which the Scheme Companies will seek authority to convene creditor meetings (the " ") to consider approval of the schemes of arrangement (the "") proposed by Ocean Rig, DFH, DOV and DRH (the "") will commence on July 11, 2017.UDW also announced that as at ...

01.06.2017

Euroseas Ltd. Announces Acquisition of Container Feeder Vessel

MAROUSSI, ATHENS, GREECE -- (Marketwired) -- 05/30/17 -- Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today that it signed a memorandum of agreement to purchase the M/V EM Astoria, a feeder size containership vessel of 2,788 teu built in 2004. The vessel is to be acquired at market price from Euromar LLC, the Company''s joint venture with two private equity firms. The agreement to acquire the vessel includes 100% bank financing and a profit share a ...

30.05.2017

Pioneer Marine Inc. Announces Senior Management Change

MAJURO, MARSHALL ISLANDS -- (Marketwired) -- 05/30/17 -- Pioneer Marine Inc. (OSLO-OTC: PNRM) ("Pioneer Marine," or the "Company"), a global drybulk handysize transportation service provider, announced today that Mr. Pankaj Khanna is leaving the Company and will no longer serve as CEO.Mr. Sam Tsui, who has served as CFO of the Company since its inception, will serve as Interim CEO, as well as continue to be CFO. In connection with Mr. Khanna leaving the Company, he will also leave his other roles with other Pioneer Marine companies.Mr. Bradley Dietz, Independent Director, ...

30.05.2017

Reminder: Product Tanker Sector Webinar

NEW YORK, NY -- (Marketwired) -- 05/30/17 -- Capital Link will host a complimentary webinar on Thursday, June 1, 2017 at 10:00 a.m. Eastern Time, on the Product tanker Shipping sector.The Webinar will discuss trends and developments in the product tanker sector, including supply and demand, asset values and freight rates, second hand and newbuild markets, industry consolidation, access to capital -- all key factors affecting the product tanker market today. The discussion will focus on the sector and not on individual companies., Chief Executive Officer (CCOR-B (STO)) , Chief Executive Offic ...

30.05.2017


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