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Stellar Acquisition III Inc. To Extend Period to Consummate Acquisition

ATHENS, GREECE -- (Marketwired) -- 08/21/17 -- Stellar Acquisition III Inc. (NASDAQ: STLR) (the "Company" or "Stellar") today announced that the Company''s sponsors (the "Sponsors") have notified the Company of their intention to deposit into the Company''s trust account (the "Trust Account"), an aggregate of $402,536 (less interest earned on the funds in the Trust Account available for withdrawal), representing $0.058 per public share, by August 24, 2017, in order to extend the period of time the Company has to consummate a business ...

21.08.2017

TEN Expands its Strategic Relationship by Chartering Two Additional Suezmaxes to a Major US Oil Concern

ATHENS, GREECE -- (Marketwired) -- 08/18/17 -- TEN, LTD. (NYSE: TNP), a leading crude, product and LNG tanker operator, today announced the expansion of its long term strategic alliance with a major US oil concern. Two suezmax vessels have been chartered for three years, bringing the relationship to six vessels. These charters are scheduled to commence in early September upon completion of the current employment of each vessel and contain profit sharing arrangements."We are pleased that these new charters not only solidify the Company''s cash generating ability and visibility, ...

18.08.2017

Dry Bulk Panel Discussion With Major Listed Company Executives

NEW YORK, NY -- (Marketwired) -- 08/16/17 -- Senior executives from major listed shipping companies involved with the dry bulk sector of maritime transportation will participate on a sector panel discussion at Capital Link''s 10th Annual Shipping, Marine Services & Offshore Forum which will take place on Tuesday, September 12, 2017 at One Moorgate Place in London.It is organized in partnership with and in cooperation with the The forum is also held in conjunction with the London International Shipping Week. The event is known for its large attendance by investors, owners and cap ...

16.08.2017

Announcement in the Matters of Schemes of Arrangement Under Section 86 of the Companies Law (2016 Revision) of the Cayman Islands Relating to Drillships Financing Holding Inc., Ocean Rig UDW Inc., Drill Rigs Holdings Inc. and Drillships Ocean Ventures Inc

GRAND CAYMAN, CAYMAN ISLANDS -- (Marketwired) -- 08/14/17 -- Ocean Rig UDW Inc. (NASDAQ: ORIG) ("" or "" or the "") an international contractor of offshore deepwater drilling services, announces that the Scheme Meetings of the Scheme Creditors of each of Drillships Financing Holding Inc. (""), Ocean Rig UDW Inc. (""), Drill Rigs Holdings Inc. ("") and Drillships Ocean Ventures Inc. ("") (each in provisional liquidation) were held on August 11, 2017.Terms used but not defined in this announcement shall have the meaning given ...

14.08.2017

30 Shipping Companies to Present at Capital Link''s 10th Annual Shipping, Marine Services & Offshore Forum Tuesday, September 12, 2017 in London, UK

NEW YORK, NY -- (Marketwired) -- 08/14/17 -- Capital Link''s 10th Annual Shipping, Marine Services & Offshore Forum will take place on Tuesday, September 12, 2017 at One Moorgate Place in London.It is organized in partnership with and in cooperation with the The forum is also held in conjunction with the London International Shipping Week. The event is known for its large attendance by investors, owners and capital providers.The conference will feature senior executives from 30 maritime companies, financiers and leading industry participants who will dos and current outlook of t ...

14.08.2017

DryShips Inc. Announces Termination of the Common Stock Purchase Agreement With Kalani Investments Limited

ATHENS, GREECE -- (Marketwired) -- 08/11/17 -- DryShips Inc. (NASDAQ: DRYS) ("DryShips" or the "Company"), a diversified owner of ocean going cargo vessels, announces that in connection with the transactions announced earlier today (the "Proposed Transactions"), (i) it has terminated the common stock purchase agreement, dated April 3, 2017, by and between the Company and Kalani Investments Limited, a company organized and existing under the laws of the British Virgin Islands, effective immediately; (ii) Mr. George Economou, the Company''s Chairman and C ...

11.08.2017

DryShips Inc. Announces Agreement to Conduct a Private Placement and Subsequent Rights Offering

ATHENS, GREECE -- (Marketwired) -- 08/11/17 -- DryShips Inc. (NASDAQ: DRYS) ("DryShips" or the "Company"), a diversified owner of ocean going cargo vessels, today announced that the audit committee of the Company''s board of directors (the "Audit Committee") has approved a binding term sheet (the "Term Sheet") pursuant to which the Company will sell the Company''s common shares to entities affiliated with its Chairman and Chief Executive Officer, Mr. George Economou ("Mr. Economou"), for aggregate consideration of $100 mill ...

11.08.2017

Pioneer Marine Inc. Announces Financial Results For the Second Quarter and Six Months Ended June 30, 2017

MAJURO, MARSHALL ISLANDS -- (Marketwired) -- 08/10/17 -- Pioneer Marine Inc. and its subsidiaries (OSLO-OTC: PNRM) ("Pioneer Marine," or the "Company"), a leading shipowner and global drybulk handysize transportation service provider, announced its financial and operating results for the second quarter ended June 30, 2017.-- $11.1 million for Q2 2017, increased by $4.3 million or 63% compared to Q2 2016; Similarly, TCE per day was increased by 58% to $8,009 per day for the same period. -- $21.1 million for the six months in 2017, increased by $9.3 million or 79% compare ...

10.08.2017

TEN Ltd. Declares Dividend on its 8.75% Series D and 9.25% Series E Cumulative Perpetual Preferred Shares

ATHENS, GREECE -- (Marketwired) -- 08/10/17 -- TEN Ltd. ("TEN") (NYSE: TNP) (the "Company"), a leading diversified crude, product and LNG tanker operator, today announced that its Board of Directors declared the regular quarterly cash dividend of $0.546875 per share for its 8.75% Series D Cumulative Perpetual Preferred Shares (the "Series D Preferred Shares") (NYSE: TNPPRD) and a cash dividend of $0.578125 per share for its 9.25% Series E Cumulative Perpetual Preferred Shares (the "Series E Preferred Shares") (NYSE: TNPPRE).The dividend on the Series D ...

10.08.2017

UPDATE - Innocap, Inc. Announces Indonesia Project

JEFFERSON, TX -- (Marketwired) -- 08/09/17 -- Paul Tidwell, Innocap''s President, has met with Indonesian officials and will travel to Indonesia within the next three weeks to meet with senior officials as well as other key Indonesians involved in the ocean marine industry to determine whether acceptable terms can be reached giving Innocap (OTCQB: INNO) the right to undertake an exploration to locate and salvage the Flor de la Mar, a Portuguese ship that sank in 1511 off the coast of Indonesia with a rumored large cargo of treasures. The Flor de la Mar has been the subject of many w ...

09.08.2017

Innocap, Inc. Announces Indonesia Project

JEFFERSON, TX -- (Marketwired) -- 08/09/17 -- Paul Tidwell, Innocap''s President, has met with Indonesian officials and will travel to Indonesia within the next three weeks to meet with senior officials as well as other key Indonesians involved in the ocean marine industry to determine whether acceptable terms can be reached giving Innocap the right to undertake an exploration to locate and salvage the Flor de la Mar, a Portuguese ship that sank in 1511 off the coast of Indonesia with a rumored large cargo of treasures. The Flor de la Mar has been the subject of many writings and le ...

09.08.2017

Euroseas Ltd. Reports Results for the Six-Month Period and Quarter Ended June 30, 2017

MAROUSSI, ATHENS, GREECE -- (Marketwired) -- 08/09/17 -- 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 its results for the three and six month period ended June 30, 2017.Total net revenues of $10.0 million. Net loss of $1.0 million; net loss attributable to common shareholders (after a $0.4 million of dividend on Series B Preferred Shares) of $1.5 million or $0.13 loss per share basic and diluted. Adjusted net loss attributable to common shareholders(1) ...

09.08.2017

Star Bulk Carriers Corp. Reports Financial Results for the Second Quarter and First Half of 2017

ATHENS, GREECE -- (Marketwired) -- 08/08/17 -- 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 its unaudited financial and operating results for the second quarter and the first half of 2017."Star Bulk announced today its second quarter 2017 financial results, reporting $62.0 million in Net TCE Revenues, $14.2 million in operating cash flow and $11.5 million in free cash flow, contributing to our $245 million liquidity position.Our average TCE per vess ...

08.08.2017

Euroseas Sets Date for the Release of Second Quarter 2017 Results, Conference Call and Webcast

ATHENS, GREECE -- (Marketwired) -- 08/03/17 -- 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 will release its financial results for the second quarter ended June 30, 2017 on Wednesday, August 9, 2017 before the market opens in New York.On the same day, Wednesday, August 9, 2017 at 10:00 a.m. Eastern Time, the Company''s management will host a conference call and webcast to discuss the results.Participants should dial into the call 10 m ...

03.08.2017

Globus Maritime Announces Annual Meeting of Shareholders

ATHENS, GREECE -- (Marketwired) -- 08/02/17 -- Globus Maritime Limited ("Globus" or the "Company") (NASDAQ: GLBS), a dry bulk shipping company, announced today that the annual meeting of shareholders will be held at the offices of Globus Shipmanagement Corp. at 128 Vouliagmenis Avenue in Glyfada, Greece, on September 7, 2017 at 11:00 a.m. local time.Shareholders of record at the close of business on July 18, 2017 are entitled to receive notice of, and to vote at, the annual meeting, or any adjournments thereof.Notice of the Annual Meeting of Shareholders and Proxy Statemen ...

02.08.2017

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

ATHENS, GREECE -- (Marketwired) -- 08/01/17 -- TEN, LTD. (NYSE: TNP), a leading crude, product and LNG tanker operator, today announced the delivery of the aframax tanker Stavanger TS, the eighth in a series of nine tankers built against long-term employment to a major European oil concern and one of the four, of this particular order, with ice-class specifications.The last remaining ship to complete the 15-vessel organic growth program, the Bergen TS is scheduled to be delivered and commence its long-term employment in the third quarter of this year. All 15 new tankers have long-term employm ...

01.08.2017

CargoSphere Research Signals Universal Interest in Direct Ocean Carrier Feed of Confidential Rates

CHAPEL HILL, NC -- (Marketwired) -- 07/31/17 -- , the leading provider of frictionless rate distribution and cloud-based global freight rate management, today publishes the results of its original research that was developed to determine what value the global NVO and forwarding (FF) community puts on receiving a direct, Web-based feed of their negotiated rates from their ocean carriers.In 2016, CargoSphere commissioned Drewry to define the cost burden to the global freight forwarding community to find or receive and process/analyze ocean freight buy rates. It was determined the annual labor c ...

31.07.2017

Reminder to Scheme Creditors in Relation to the Scheme Meetings to Be Held on 11 August 2017

GRAND CAYMAN, CAYMAN ISLANDS -- (Marketwired) -- 07/31/17 -- Ocean Rig UDW Inc. (NASDAQ: ORIG) ("" or "" or the "") an international contractor of offshore deepwater drilling services, wishes to remind Scheme Creditors of the need to submit certain documentation (as more fully described below) to the Information Agent in order to attend and vote at Scheme Meetings.As announced by the Company on 21 July 2017, meetings of Scheme Creditors are to be held on 11 August 2017 (starting at 10 am (Cayman Islands time)) for the purpose of considering, and, if thought fit, ...

31.07.2017

Capital Product Partners L.P. Announces Second Quarter 2017 Financial Results, Entering Into a Firm Offer Letter for a New $460 Million Credit Facility for the Refinancing of Substantially All of the Partnership''s Indebtedeness and Fleet Employment Updat

ATHENS, GREECE -- (Marketwired) -- 07/28/17 -- Capital Product Partners L.P. (the "Partnership" or "CPLP") (NASDAQ: CPLP), an international diversified shipping partnership, today released its financial results for the second quarter ended June 30, 2017.The Partnership''s net income for the quarter ended June 30, 2017 was $9.8 million compared with $14.9 million for the second quarter of 2016 and $12.3 million for the previous quarter ended March 31, 2017. After taking into account the preferred interest in net income attributable to the unit holders of the 12,98 ...

28.07.2017

DryShips Inc. Announces Appointment of Two New Directors

ATHENS, GREECE -- (Marketwired) -- 07/27/17 -- DryShips Inc. (NASDAQ: DRYS) ("DryShips" or the "Company"), a diversified owner of ocean going cargo vessels, today announced the appointment of two new directors.Mr. Anthony Kandylidis has served as the Company''s President and Chief Financial Officer since December 2016 and was previously the Company''s Executive Vice President since January 2015. In September 2006, Mr. Kandylidis founded OceanFreight Inc. and took it public in April 2007. In 2011, OceanFreight Inc. was absorbed by DryShips through a merg ...

27.07.2017


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