Seanergy Maritime Holdings Corp. announced that it has entered into definitive agreements with unaffiliated third parties for the purchase of a modern secondhand Capesize vessel and the sale of two Supramax drybulk vessels. The transactions are expected to be completed in the fourth quarter of...
Over the past year, dry bulk vessel owner Diana Shipping Inc. (NYSE:DSX) has seen its stock fall around 3%. Meanwhile, shipping peer DryShips Inc.’s (NASDAQ:DRYS) stock has rocketed higher, more than doubling in price over the span. There are good reasons for that advance, but it doesn’t make...
https://www.hellenicshippingnews.com/better-buy-dryships-inc-vs-diana-shipping-inc/
Deutsche Bank set a $17.00 price target on Star Bulk Carriers (NASDAQ:SBLK) in a research report report published on Friday. The firm currently has a buy rating on the shipping company’s stock. A number of other research analysts also recently issued reports on the stock. BidaskClub upgraded shares...
https://www.hellenicshippingnews.com/star-bulk-carriers-given-a-17-00-price-target-at-deutsche-bank/
The tanker market is readjusting to the Iranian sanctions and the Chinese Holidays already underway. In its latest weekly report, shipbroker Charles R. Weber said that “VLCC rates were strengthening this week and are poised for more substantial gains in the coming week on the back of strong draws...
https://www.hellenicshippingnews.com/vlcc-market-is-on-the-mend-for-now-at-least/
Pyxis Tankers Inc., an emerging growth pure play product tanker company, announced that it had successfully completed the refinancing of a previous loan facility for the Pyxis Epsilon. After repayment of existing bank debt, the new 5 year secured loan provided us approximately $7.3 million of...
https://www.hellenicshippingnews.com/pyxis-tankers-inc-announces-refinancing-of-modern-tanker/
Tanker owners will be looking forward to the upcoming winter period, typically the strongest of each year for the wet sector. However, they will also not be wishing for a repeat of last season, when the freight market failed to recover. In its latest weekly report, shipbroker Gibson said that...
https://www.hellenicshippingnews.com/tankers-will-history-repeat-itself-this-winter-around/
Star Bulk Carriers (NASDAQ:SBLK) has been given a $20.00 target price by equities research analysts at JPMorgan Chase & Co. in a note issued to investors on Tuesday, September 11th. The firm presently has a “buy” rating on the shipping company’s stock. JPMorgan Chase & Co.’s price target suggests a...
Globus Maritime Limited, a dry bulk shipping company, reported its unaudited consolidated operating and financial results for the six month period ended June 30, 2018. – In H1 2018, Total revenues increased by about 33% compared to H1 2017 . – In Q2 2018, Total revenues increased by about 20%...
Shipowners looking to invest in the SnP market for dry bulk carriers have started to consistently offer lower than asking values for ships that may interest them, in a sign that asset prices could be set for a correction in the coming weeks, shipbroker Intermodal said in its latest weekly report....
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that on September 27, 2018, it closed its previously-announced US$100 million private placement of senior unsecured bonds maturing in September 2023. The Company also announced today that it...