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July 31, 2014
09:20 EDTDSX, BGDiana Shipping announces time charter contract for m/v Naias with Bunge
Diana Shipping (DSX) announced that, through a separate wholly owned subsidiary, it entered into a time charter contract with Bunge (BG), for one of its Panamax dry bulk vessels, the m/v Naias, for a period of minimum eleven months to maximum fourteen months. The gross charter rate for the first 30 days of the charter period is $5,500 per day minus a 5% commission paid to third parties and $8,500 per day minus a 5% commission paid to third parties for the balance of the charter. The charter is expected to commence on August 2. The "Naias" is a 73,546 dwt Panamax dry bulk vessel built in 2006. This employment is anticipated to generate approximately $2.71M of gross revenue for the minimum scheduled period of the time charter.
News For DSX;BG From The Last 14 Days
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July 30, 2015
06:45 EDTBGBunge sees strong second half in Agribusiness
Drew Burke, CFO, stated, "We expect a strong second half in Agribusiness with full year segment results exceeding $1B. In Oilseeds, margins are good in South America and in the U.S., solid underlying demand for soymeal and soyoil should continue to support a favorable crushing environment. While China soy crush margins have come down from the levels seen for most of the second quarter, they are well above where they were for most of last year. European sunseed crush margins should improve with the arrival of harvest; however, rapeseed margins may continue to be hampered by smaller production and low vegetable oil prices. In Grains, the Brazilian safrinha corn harvest is underway and with the recent devaluation of the Brazilian real, farmer selling has picked up for both corn and soybeans. Farmers in the U.S. and Black Sea have planted large crops, and based on current growing conditions should provide ample supplies to drive high asset utilizations. While global grain supply and demand should be in relative balance, the reduced production in certain Northern Hemisphere regions could provide pockets of supply dislocation opportunities. In Food & Ingredients, we expect improvement from first half levels. In Europe, margins should improve as new oilseed crops reset raw material costs. In the U.S., we will continue to leverage the benefits from our performance improvement programs, and in Brazil, we are taking additional cost saving measures to address current market conditions. While our Brazilian food business will likely continue to face near term challenges, we expect to see improvement as we move through the year. In Sugar & Bioenergy, our sugarcane crop continues to develop well with favorable weather. Based on current strong domestic demand for ethanol in Brazil, we are confident that we will finish the year profitable and free cash flow positive."
06:44 EDTBGBunge reports Q2 adjusted EPS 51c, may not compare to consensus $1.36
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July 27, 2015
10:00 EDTDSXOn The Fly: Analyst Downgrade Summary
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05:55 EDTDSXDiana Shipping downgraded to Sell from Hold at Evercore ISI
July 23, 2015
08:19 EDTDSXDiana Shipping announces time charter contract for m/v Clio
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