New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 11, 2012
09:30 EDTSFL, FROShip Finance to terminate twp remaining charter parties with Frontline
Ship Finance International (SFL) announced that it has agreed with a subsidiary of Frontline Ltd. (FRO) to terminate the charter parties for the two remaining 21-year old combination carriers Front Viewer and Front Guider. Frontline will make a net settlement payment to Ship Finance of approximately $23.5M as compensation for the early termination of the charters and the estimated loss of future cash sweep relating to the two vessels. The two vessels were previously employed on profitable sub-charters which have now been terminated early by Frontline against a cash settlement. The company has agreed to sell Front Viewer to an unrelated third party with expected delivery to the new owner in late December. Net proceeds from the sale is estimated to be approximately $9.1M. The last combination carrier, Front Guider, is expected to be sold in 1Q13, and will remain on charter to Frontline until a sale is concluded.
News For SFL;FRO From The Last 14 Days
Check below for free stories on SFL;FRO the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 2, 2014
05:55 EDTFROStocks with implied volatility movement; FRO NBG
Subscribe for More Information
August 28, 2014
08:55 EDTFROOn The Fly: Pre-market Movers
HIGHER: Digital Ally (DGLY), up 16% after announcing order from Michigan State Police for over $1.1M... EnteroMedics (ETRM), up 12.4% after reporting three-year data from Maestro RC system... Repros (RPRX), up 0.8% after Androxal achieves superiority in both co-primary endpoints in a study... Synthetic Biologics (SYN), up 2.7% after Pfizer (PFE) was granted FDA Fast Track designation for its investigational Clostridium difficile vaccine candidate. Synthetic Biologics announced earlier this week that SYN-004, the company's lead anti-infective product candidate for the prevention of the effects of C. difficile, will be presented in October... Signet (SIG), up 3.9% after Q2 revenue tops consensus. DOWN AFTER EARNINGS: Abercrombie & Fitch (ANF), down 5.7%... Guess (GES), down 8.3%... Frontline (FRO), down 7%. ALSO LOWER: Williams-Sonoma (WSM), down 10.9% after downgraded at Morgan Stanley following the company's Q2 earnings report... GT Advanced (GTAT), down 2% after downgraded at Raymond James... Sungy Mobile (GOMO), down 20.1% following earnings report, CFO resignation, downgrade of stock at Oppenheimer... Genesco (GCO), down 7.7% after cutting fiscal year forecast.
08:18 EDTSFLShip Finance reports Q2 EPS 24c, consensus 20c
Subscribe for More Information
05:44 EDTFROFrontline considering financing alternatives to repay convertible bond loan
Subscribe for More Information
05:40 EDTFROFrontline reports Q2 EPS ex-items (23c), consensus (27c)

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use