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Stock Market & Financial Investment News

News Breaks
February 20, 2013
07:49 EDTDSXDiana Shipping announces time charter contract for m/v Maia for $10,900 per day
Diana Shipping announced that it has entered into a time charter contract with Glencore Grain B.V., Rotterdam, through a separate wholly-owned subsidiary, for one of its Kamsarmax dry bulk carriers, the m/v Maia. The gross charter rate is $10,900 per day, minus a 5% commission paid to third parties, for a period of about eighteen months to maximum twenty-four months. The charter is expected to commence at the end of February. The Maia is a 82,193 dwt Kamsarmax dry bulk vessel built in 2009. This employment is anticipated to generate approximately $5.7M of gross revenue for the minimum scheduled period of the charter.
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April 15, 2014
05:59 EDTDSXScorpio, Diana Shipping trade well below NAV, says Deutsche Bank
Deutsche Bank says shares of Scorpio Bulkers (SALT) and Diana Shipping (DSX) are trading well below their net asset values following the recent pullback in the names. Deutsche points out that new and secondhand dry bulk asset prices have increased materially since the end of 2013. It reiterates Buy ratings on both stocks.

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