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Stock Market & Financial Investment News

News Breaks
January 3, 2014
12:35 EDTDSX, SBLK, BALTDry bulk shipper rally could pause this month, says Maxim
Maxim thinks dry bulk stocks' strong performance in December and a seasonally slow time for rates could pause the stocks' rally in the near-term, but added that it would use major pullbacks as an opportunity to add to positions in its top picks in the sector, which include Baltic Trading (BALT), Star Bulk Carriers (SBLK) and Diana Shipping (DSX).
News For BALT;SBLK;DSX From The Last 14 Days
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August 24, 2015
09:26 EDTDSXDiana Shipping announces Time Charter contract with Transgrain
Diana Shipping announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Transgrain Shipping B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Alcyon. The gross charter rate is $7,600 per day minus a 5% commission paid to third parties, for a period of minimum eight months to maximum eleven months. The charter commenced on August 22, 2015. This employment is anticipated to generate approximately $1.82M of gross revenue for the minimum scheduled period of the time charter. Diana Shipping Inc.'s fleet currently consists of 41 dry bulk vessels. The Company also expects to take delivery of one new-building Capesize dry bulk vessel during October 2015, one new-building Newcastlemax dry bulk vessel during the second quarter of 2016, as well as one new-building Kamsarmax dry bulk vessel and one new-building Newcastlemax dry bulk vessel during the third quarter of 2016. As of today, the combined carrying capacity of the Company's fleet, excluding the four vessels not yet delivered, is approximately 4.7M dwt with a weighted average age of 7.38 years.
August 20, 2015
09:33 EDTDSXDiana Shipping reports continuation of time charter agreement with Glencore
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Glencore Grain B.V., Rotterdam, for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia, for a period of minimum 10 months to maximum 13c months. The gross charter rate is $9,000 per day, minus a 5% commission paid to third parties. The new charter period is expected to commence on August 27, 2015. The "Crystalia" is a 77,525 dwt Ice Class Panamax dry bulk vessel built in 2014. This employment extension is anticipated to generate approximately $2.7M of gross revenue for the minimum scheduled period of the time charter.
August 17, 2015
09:30 EDTDSXDiana Shipping announces time charter contract for m/v Artemis
Diana Shipping announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with China Shipping Bulk Carrier, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Artemis. The gross charter rate is $7,500 per day minus a 5% commission paid to third parties, for a period of minimum nine months to maximum twelve months. The charter commenced yesterday. The "Artemis" is a 76,942 dwt Panamax dry bulk vessel built in 2006. This employment is anticipated to generate approximately $2.02M of gross revenue for the minimum scheduled period of the time charter.

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