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Stock Market & Financial Investment News

News Breaks
April 15, 2014
05:59 EDTDSX, SALTScorpio, 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.
News For SALT;DSX From The Last 14 Days
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September 1, 2015
08:16 EDTSALTScorpio Bulkers announces purchase of 552,481 shares by Scorpio Services
Scorpio Bulkers announced that Scorpio Services Holding has purchased an aggregate of 552,481 common shares of the company at an average price of $1.61 per share in the open market since the company's previous announcement on August 24. The company currently has 336.11M common shares outstanding, of which SSH owns 19.22M, or 5.7%.
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.
07:50 EDTSALTScorpio Bulkers announces purchase of 500K common shares by Scorpio Services
Scorpio Bulkers announced that Scorpio Services Holding, or SSH, purchased an aggregate of 500,000 common shares of the company in the open market last week at an average price of $1.71 per share. The company currently has 336.08M common shares outstanding, of which SSH owns 18.64M, or 5.5%.
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 18, 2015
18:32 EDTSALTOn The Fly: After Hours Movers
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17:08 EDTSALTMonarch Alternative raises stake in Scorpio Bulkers to 11.32% from 10.31%
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