Latest Chartering Stories
PIRAEUS, Greece, June 21, 2011 /PRNewswire/ -- NewLead Holdings Ltd. (NASDAQ: NEWL) ("NewLead" or "the Company"), an international shipping company owning and operating tankers and dry bulk vessels, today announced that on June 13, 2011, the new Post-Panamax vessel "Newlead Endurance" of 92,000 dwt was delivered from a Korean shipyard to NewLead's fleet. NewLead financed the vessel through a sale and immediate bareboat leaseback transaction. Mr. Michael Zolotas, president and chief...
NEW YORK, May 11, 2011 /PRNewswire/ -- Baltic Trading Limited (NYSE: BALT), a drybulk company focused on the spot market, announced today that it has reached separate agreements to enter into spot market-related time charters for two Supramax vessels, the Baltic Panther and the Baltic Jaguar. The Baltic Panther is expected to deliver to its charterer, Klaveness Chartering, on or about May 21, 2011, to commence a spot market-related time charter for 22.5 to 25.5 months. The rate for the...
NEW YORK, May 10, 2011 /PRNewswire/ -- General Maritime Corporation (NYSE: GMR) today reported its financial results for the three months ended March 31, 2011. Financial Review: 2011 First Quarter Excluding the $3.3 million non-cash loss relating to the disposal of vessels and vessel equipment as well as the $1.8 million impairment of goodwill and $0.1 million other income, the Company recorded a net loss of $26.5 million or $0.31 basic and $0.31 diluted loss per share for the three months...
NEW YORK, May 3, 2011 /PRNewswire/ -- Baltic Trading Limited (NYSE: BALT) ("Baltic Trading" or the "Company") today reported its financial results for the three months ended March 31, 2011. The following financial review discusses the results for the three months ended March 31, 2011 and December 31, 2010. Since the Company began operations in October 2009 and took delivery of its first vessel on April 8, 2010, comparable historical data for the three months ended March 31, 2010 does not...
NEW YORK, May 3, 2011 /PRNewswire/ -- Genco Shipping & Trading Limited (NYSE: GNK) ("Genco" or the "Company") today reported its financial results for the three months ended March 31, 2011. The following financial review discusses the results for the three months ended March 31, 2011 and March 31, 2010. First Quarter 2011 and Year-to-Date Highlights Recorded net income attributable to Genco for the first quarter of $13.4 million, or $0.38 basic and diluted earnings per share; Maintained...
NEW YORK, March 30, 2011 /PRNewswire/ -- General Maritime Corporation (NYSE: GMR) today reported its financial results for the three months and full year ended December 31, 2010. Financial Review: 2010 Fourth Quarter and Information on New Company Investment and Credit Facility Excluding the items mentioned below, the Company recorded net loss of $39.5 million or $0.46 basic and diluted loss per share for the three months ended December 31, 2010. Goodwill Impairment of $28.0...
NEW YORK, Feb. 23, 2011 /PRNewswire/ -- Genco Shipping & Trading Limited (NYSE: GNK) ("Genco" or the "Company") today reported its financial results for the three and twelve months ended December 31, 2010. The following financial review discusses the results for the three and twelve months ended December 31, 2010 and December 31, 2009. Fourth Quarter 2010 and Year-to-Date Highlights Recorded net income attributable to Genco for the fourth quarter of $34.8 million, or $0.99 basic and...
ATHENS, Greece, Nov. 18, 2010 /PRNewswire-FirstCall/ -- TOP Ships Inc. (Nasdaq: TOPS) today announced its financial results for the third quarter and nine months ended September 30, 2010. For the three months ended September 30, 2010, the Company reported: Net income of $1.1 million or $0.03 per share. Operating income of $6.6 million. Revenues of $23.3 million. For the nine months ended September 30, 2010, the Company reported: Net income of $0.2 million or $0.01 per share. Operating...
ATHENS, Greece, November 16, 2010 /PRNewswire-FirstCall/ -- Seanergy Maritime Holdings Corp. (the "Company") (NASDAQ: SHIP; SHIP.W) announced today its operating results for the third quarter and nine months ended September 30, 2010. Third Quarter 2010 Financial Highlights: - Net Revenues of $29.0 million - Adjusted EBITDA of $17.2 million - Operating Income of $8.2 million - Net Income of $2.9 million Nine Months 2010 Financial Highlights: - Net...
In the news release, General Maritime Corporation Announces Third Quarter and Nine Months 2010 Financial Results, issued on October 27, 2010 by General Maritime Corporation, in the last sentence of the third paragraph under the section entitled Financial Review: Third Quarter 2010, the Company's net debt has been corrected to read "$1,256 million," rather than "$1,184 million"; in the Balance Sheet Data, the Current portion of long-term debt for September-10 has been corrected to be...
