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Stock Market & Financial Investment News

News Breaks
May 12, 2014
08:46 EDTDSXDiana Shipping announces delivery of Ice Class Panamax dry bulk vessel
Diana Shipping announced that, through a separate wholly-owned subsidiary, it took delivery of the newly built m/v "Atalandi," an Ice Class Panamax dry bulk vessel of 77,529 dwt that was contracted in March 2012. The company also announced that, through the aforementioned subsidiary, it has entered into a time charter contract with Glencore Grain B.V., Rotterdam, for the newly delivered "Atalandi" at a gross charter rate of US$13,500 per day, minus a 5% commission paid to third parties, for a period of minimum eleven months to maximum fourteen months. The charter is expected to commence tomorrow. In addition, the company also announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Rio Tinto Shipping Pty, Ltd., Melbourne, for one of its Panamax dry bulk vessels, the m/v "Melia." The gross charter rate is $12,000 per day, minus a 3.75% commission paid to third parties, for a period of minimum eleven months to maximum fourteen months. The charter commenced on May 10, 2014. The "Melia" is a 76,225 dwt Panamax dry bulk vessel built in 2005. The employments of "Atalandi" and "Melia" are anticipated to generate a total of approximately $8.4M of gross revenue for the minimum scheduled period of the charters.
News For DSX From The Last 14 Days
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April 13, 2015
10:00 EDTDSXOn The Fly: Analyst Upgrade Summary
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07:38 EDTDSXDiana Shipping upgraded to Buy from Hold at Deutsche Bank
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April 9, 2015
08:19 EDTDSXDiana Shipping announces continuation of time charter for m/v Atalandi
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April 8, 2015
11:41 EDTDSXFly Watch: Analyst sees dry bulk shippers poised to rebound
The shares of dry bulk shippers have reached 30 year lows, primarily due to weak Chinese demand for commodities, research firm Stifel wrote in a note to investors yesterday. However, market conditions have bottomed and dry bulk charter rates should begin to rise in coming months, lifting the stocks in the sector, the firm believes. WHAT'S NEW: The dry bulk shipping market appears to have begun to bottom and should rebound as demand for iron ore and coal increase throughout 2015, Stifel analyst Benjamin Noal wrote. Also likely to boost the sector are an "excellent" grain harvest and a recovery in bauxite and nickel cargoes, the analyst stated. Moreover, a number of dry bulk shipping companies are undervalued due to the depressed market, added the analyst, who kept Buy ratings on the following dry bulk shipping companies: Diana Shipping (DSX), Navios Maritime (NM), Scorpio Bulkers (SALT), and Star Bulk Carriers (SBLK). PRICE ACTION: In late morning trading, Diana Shipping rose 0.2% to $6.17, Star Bulk rose 0.6% to $3.68, Navios was little changed at $4.10, and Scorpio Bulkers fell 3% to $2.17.
April 6, 2015
09:28 EDTDSXDiana Shipping announces time charter contract for m/v Protefs
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