Latest Aries Maritime Transport Limited Stories
ATHENS, Greece, Dec. 7 /PRNewswire-FirstCall/ -- Aries Maritime Transport Limited (Nasdaq: RAMS) (the "Company") today announced that, effective December 21, 2009, the Company will be renamed "NewLead Holdings Ltd." The Company's common shares, listed on the NASDAQ Global Market under the symbol "RAMS," will trade under the new symbol, "NEWL," upon commencement of trading on December 21, 2009. To commemorate the name and ticker change, NewLead's Management team will be ringing the NASDAQ...
ATHENS, Greece, Nov. 16 /PRNewswire-FirstCall/ -- Aries Maritime Transport Limited (Nasdaq: RAMS) ("Aries" or "the Company") today announced that it has engaged in a range of transactions focused on repositioning and recapitalizing Aries, as well as, reported its financial results for the third quarter and nine months ended September 30, 2009. "We acquired Aries because we believe that we can use it as a platform for growth. Today, we announce the dropdown of Newlead Shipmanagement, a...
ATHENS, Greece, Nov. 11 /PRNewswire-FirstCall/ -- Aries Maritime Transport Limited (Nasdaq: RAMS) today announced its plans to release third quarter 2009 earnings on Monday, November 16, 2009, before the open of market trading, hosting a conference call the same day at 8:00 a.m. ET to discuss the results. The conference call will not include a question and answer session. To access the conference call, dial (888) 694-4702 for domestic callers or (973) 582-2741 for international callers, and...
ATHENS, Greece, Nov. 5 /PRNewswire-FirstCall/ -- Aries Maritime Transport Limited (Nasdaq: RAMS) today announced a two-year time charter for the 1993-built, 172,972 dwt Capesize tanker MV Australia at a gross rate of $21,750 per day. Most recently, the MV Australia has been operating in the spot market for the past 60 days, as management developed opportunities. "Since the closing of the transaction, we have been aggressively reviewing the business for the purpose of improving operations...
ATHENS, Greece, Oct. 26 /PRNewswire-FirstCall/ -- Aries Maritime Transport Limited (Nasdaq: RAMS) (the "Company") announced that it received notification from the NASDAQ Listing Qualifications department that it has regained compliance with the $1.00 minimum bid price requirement for continued listing set forth in Listing Rule 5450(a)(1), as its common stock has achieved a closing bid-price of $1.00 or more for 10 consecutive business days, and that this matter is now closed. On September...
ATHENS, Greece, Oct. 13 /PRNewswire/ -- Aries Maritime Transport Limited (Nasdaq: RAMS) ("Aries") announced today that Grandunion Inc. ("Grandunion"), a company controlled by Michail S. Zolotas and Nicholas G. Fistes, acquired 18,977,778 newly issued common shares in Aries in exchange for three capesize drybulk carriers. Of such shares, 2,666,667 were transferred to Rocket Marine Inc., a company controlled by two former directors and principal shareholders in Aries, in exchange for Rocket...
ATHENS, Greece, Sept. 17 /PRNewswire/ -- Grandunion Inc., a company controlled by Michail S. Zolotas and Nicholas G. Fistes, announced today that it has entered into an Agreement with Aries Maritime Transport Limited (Nasdaq: RAMS) ("Aries") pursuant to which Aries will issue 18,977,778 common shares to Grandunion in exchange for three capesize drybulk carriers. Mr. Zolotas, executive director and President of Grandunion, stated, "We are pleased to have reached agreement with Aries and look...
ATHENS, Greece, June 24 /PRNewswire/ -- Grandunion, Inc., a company controlled by Michael Zolotas and Nicholas Fistes, today announced that it has entered into a letter of intent with Aries Maritime Transport Limited ("Aries") (Nasdaq: RAMS) that contemplates, among other things, the acquisition of three Capesize drybulk carriers with an approximate net asset value of $36.0 million in exchange for 15,977,778 newly issued shares of Aries, and a change of control of the Company's Board of...
