New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 19, 2014
07:23 EDTFRO, CPLP, SBLK, NNA, GLOB, DRYS, BALT, SB, NMM, GASS, DLNG, SALT, NMDeutsche 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
Sign up for a free trial to see the rest of the stories you've been missing.
April 23, 2015
09:20 EDTNMMNavios Maritime Partners announces delivery of 13,100 TEU container vessel
Subscribe for More Information
08:46 EDTNMM, NM, NNANavios Maritime, Navios Acquisition, Navios Maritime Partners acquire 14 vessels
Navios Maritime (NM), Navios Maritime Acquisition (NNA) and Navios Maritime Partners (NMM) have executed a binding letter of intent to acquire 14 vessels from debtors of HSH Nordbank AG through a new joint venture. The 14 vessels include seven dry bulkers and seven container vessels with an average age of approximately 4 years. The transaction is expected to close in Q2. The Navios JV will not be consolidated into any of the Navios public entities. The transaction is still subject to certain conditions, and no assurance can be provided that the transaction will be concluded as contemplated, if at all. Navios estimates the purchase price to be paid to HSH will consist of cash and the assumption of a Subordinated HSH Participating Loan.
April 21, 2015
16:19 EDTSALTScorpio Bulkers to sell vessels for $290M in total
Scorpio Bulkers announced that it has entered into agreements to sell three Capesize newbuilding dry bulk vessels, a Kamsarmax newbuilding dry bulk vessel and three LR1 newbuilding product tankers for approximately $290M in aggregate, and received financing on an Ultramax newbuilding dry bulk vessel for an amount of up to $17M. The Capesize vessels are currently being constructed in Romania, and have expected delivery dates between the Q4 of FY15 and the Q2 of FY16. The Kamsarmax vessel is currently being constructed in China and has an expected delivery date in the Q1 of FY16. The LR1 product tankers are currently being constructed in South Korea, two of which are scheduled for delivery during the Q2 of FY17 and one during the Q3 of FY17. Under the terms of the existing $409.0M Facility, the Company has secured financing on an Ultramax newbuilding vessel due to the substitution capability created by the removal of the financing on one of the three above-mentioned Capesize vessels that the Company has agreed to sell. The Ultramax vessel is currently being constructed in Japan, and has an expected delivery date in the Q3.
April 20, 2015
10:00 EDTCPLPOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
06:39 EDTCPLPCapital Product upgraded to Buy from Neutral at BofA/Merrill
Subscribe for More Information
April 16, 2015
09:18 EDTCPLPOn The Fly: Pre-market Movers
Subscribe for More Information
09:00 EDTCPLPCapital Product 12.8M share Spot Secondary priced at $9.53
UBS, BofA/Merrill, Wells Fargo and Raymond James acted as joint book running managers for the offering.
08:33 EDTNNANavios Acquisition chartered out one VLCC, two MR2 product tankers
Subscribe for More Information
06:03 EDTCPLPCapital Product 12.8M share Spot Secondary re-offered at $9.53
Capital Product's 12.8M shares Spot Secondary is being re-offered at $9.53 and will be officially priced before the opening. UBS, BofA/Merrill, Wells Fargo and Raymond James are acting as joint book running managers for the offering.
April 15, 2015
16:35 EDTCPLPCapital Product announces offering of 12.8M common units
Subscribe for More Information
09:11 EDTDRYSDryShips receives non-compliance notice from NASDAQ
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use