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March 19, 2014
07:23 EDTBALT, SB, SALT, NNA, NMM, NM, GLOB, GASS, FRO, DRYS, DLNG, CPLP, SBLKDeutsche Bank to hold a summit
2014 Shipping Summit is being held in New York on March 19.
News For BALT;CPLP;DLNG;DRYS;FRO;GASS;GLOB;NM;NMM;NNA;SALT;SB;SBLK From The Last 14 Days
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July 30, 2014
09:10 EDTSALTScorpio Bulkers reports Q2 EPS (11c), consensus (9c)
Reports Q2 revenue $13.18M, consensus $13.13M.
July 29, 2014
16:17 EDTSBSafe Bulkers reports operational fleet of 31 drybulk vessels as of July 28
As of July 28, the company's operational fleet comprised of 31 drybulk vessels with an average age of 5.6 years and an aggregate carrying capacity of 2.9 million dwt. The fleet consists of 10 Panamax class vessels, 7 Kamsarmax class vessels, 11 Post- Panamax class vessels and 3 Capesize class vessels, all built 2003 onwards. As of July 28, the company had contracted to acquire 13 new eco-design newbuild vessels, comprised of 6 Japanese Panamax class vessels, 3 Japanese Post-Panamax class vessels, 2 Japanese Kamsarmax class vessels and 2 Chinese Kamsarmax class vessels. Upon delivery of all of its newbuilds, assuming it does not acquire any additional vessels or dispose of any of our vessels, our fleet will comprise of 44 vessels, 15 of which will be new eco-design vessels, having an aggregate carrying capacity of 3.9 million dwt and average age of 6.1 years.
16:16 EDTSBSafe Bulkers reports Q2 adjusted EPS 2c, consensus 8c
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07:36 EDTNMMNavios Maritime Partners reports Q2 EPS 37c, may not compare to consensus 14c
Reports Q2 revenue $55.18M, consensus $57.47M.
July 28, 2014
13:40 EDTGLOBWPP reports 20.1% stake in Globant, expects to seek talks
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July 25, 2014
07:36 EDTCPLPCapital Product announces charter renewal for M/T Axios
The company said, "The M/T Axios, a 47,782 dwt, IMO II/III Chemical Product Tanker built 2007, extended its employment with Capital Maritime & Trading for an additional charter term of a minimum of 12 months at the same day rate of $14,750 gross per day plus 50/50 profit share for breaching Institute Warranty Limits. The earliest redelivery under the new charter is in June 2015. In addition, our Sponsor has agreed, subject to the satisfaction or waiver of various conditions precedent, to contribute three 9,160 TEU eco-flex containerships and two eco medium range product tankers upon delivery to the Sponsor at prices below current market value, as well provide the Partnership with a right of first refusal over six additional eco medium range product tankers when delivered, in exchange for amending the target distributions to holders of Incentive Distribution Rights and an aggregate of $311.5M in cash for the three containerships and two tankers. The five vessels to be acquired by the Partnership are expected to be delivered to the Sponsor between March 2015 and November 2015, and the six vessels subject to the right of first refusal are expected to be delivered to the Sponsor between September 2015 and December 2016. The amendment, which is a condition precedent to the transaction referenced above, is subject to the satisfaction or waiver of various conditions precedent, including unitholder approval at the Annual General Meeting of the Partnership, scheduled for August 21. The transaction was unanimously recommended by the conflicts committee of our board and unanimously approved by our board."
07:34 EDTCPLPCapital Product reports Q2 EPS 4c, consensus 10c
Reports Q2 revenue $47.44M, consensus $49.31M.
July 24, 2014
16:26 EDTSBLKStar Bulk Carriers takes delivery of its first eco, fuel-efficient Capesize
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07:16 EDTFROShip Finance announces sale of 3 older VLCCs to Frontline
Ship Finance (SFL) announced that it has agreed to sell the 1999 built VLCCs Front Opalia, Front Comanche and Front Commerce to an unrelated third party. The company has simultaneously agreed to terminate the corresponding charter parties with a subsidiary of Frontline (FRO). The vessels are expected to be delivered to the new owners in the Q4 and Ship Finance expects to receive cash proceeds of approximately $77.5M, including approximately $10.5M upfront payment from Frontline. In addition, we will receive approximately $48.3M in 7.25% amortizing notes from Frontline. The amortization profile and maturity of the notes will match the current charters for the three vessels, with reduced rates until 2015 and full rates from 2016. Divesting of older vessels is a part of the company's strategy to renew and diversify the fleet, and the proceeds is expected to be reinvested in other assets. Following this sale, the number of vessels on charter to Frontline will be reduced to 17 vessels, including 12 VLCCs and five Suezmax crude oil carriers.
07:14 EDTFROFrontline announces termination of charter-in contracts of VLCCs
Frontline (FRO) has agreed with Ship Finance International (SFL) to terminate the long term charter parties for the 1999 built VLCCs Front Opalia, Front Comanche and Front Commerce and Ship Finance has simultaneously sold the vessels to unrelated third parties. The charter parties are expected to terminate in Q4. The decision to terminate the long term charter parties was taken in view of the required investment to take the vessels through the 15 year special survey. Frontline has agreed an aggregate compensation payment to Ship Finance of approximately $58.8M for the early termination of the charter parties, of which approximately $10.5M will be paid upon termination and the balance will be recorded as notes payable, with similar amortisation profiles to the current lease obligations, with reduced rates until December 2015 and full rates from 2016. As of June 30, the company has capital lease obligations to Ship Finance of $101.5M and $608.3M for these three vessels and the remaining 12 VLCCs and five Suezmax tankers, respectively.
July 23, 2014
16:49 EDTSBLKMillennia Holdings reports 7.5% stake in Star Bulk Carriers
Millennia Holdings may hold discussions with or make formal proposals to management or the Board, other shareholders of the company or other third parties.
July 22, 2014
10:09 EDTNNANavios Acquisition announces delivery, employment of one VLCC
Navios Maritime Acquisition announced that the Nave Electron, a 2002-built VLCC of 305,178 dwt, was delivered to Navios Acquisition's owned fleet on July 21. The company also announced that the Nave Electron has been chartered out to a high quality counterparty for minimum one year at a rate based on charterer's VLCC pool earnings.
July 21, 2014
17:25 EDTBALTCenterbridge Credit Partners reports 14.25% stake in Baltic Trading
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July 18, 2014
09:42 EDTGLOBGlobant opens for trade at $12.95, IPO priced at $10.00
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09:41 EDTGLOBGlobant IPO indicated to open $13.00 on 400K shares
09:38 EDTGLOBGlobant IPO indicated to open $12-$13, priced at $10
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07:38 EDTGLOBGlobant 5.85M share IPO priced at $10.00
The deal priced below the $11.00-$13.00 range and was reduced in size to 5.85M shares from 6.3M shares. JPMorgan, Citigroup and Credit Suisse acted as joint book running managers for the offering.

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