9,019/day and supramax rates added 0.4% ($48/day) to $12,598/day. Related drybulk equities include DRYS , GNK , PRGN , DSX , FREE , ULTR , EGLE , NM , NMM , SBLK , KEX , SB , SINO , BALT , SHIP , DCIX . Post your comment!
Paragon Shipping Inc. ( PRGN ): Q4 EPS of -$0.33 misses by $0.22 . Revenue of $15.57M (+20.3% Y/Y) beats by $1.46M . Press Release 1 comment!
Navios Maritime Holdings ( NM ) +3.6% , Euroseas ( ESEA ) +4.6% , Baltic Trading ( BALT ) +3.8% , Paragon Shipping ( PRGN ) +2.2% . The Baltic Dry Index is up 1.5% on the day. Post your comment!
By J. Mintzmyer : I have largely ignored Box Ships ( TEU ) since my coverage on August 16 2012 , in which I urged a 'sell' due to what I perceived as "rampant dilution and insider transactions." Since my past coverage ($6.98 at time of submission), TEU has returned a total of -47.7% (-$4.07 market
By Andres Rueda : Genco Shipping & Trading Limited ( GNK ) recently released its financial report for the second quarter of 2013. The numbers were disappointing. The company recorded a net loss of US$45.369 million, or a US$1.05 basic and diluted loss per share. The company continued burning ...
By J. Mintzmyer : I wrote my first article on Box Ships ( TEU ), a pure container ship spin-off from Paragon Shipping ( PRGN ), late last August on Seeking Alpha. I touted the company's 15% potential dividend yield and expected the
and Morgan Stanley ( MS ) are the lead underwriters on the deal. Box Ships Inc. ( TEU ), a newly formed Paragon Shipping - ( PRGN ) and CEO-backed Greek containership owner, plans to raise $160 million by offering 10 million shares at
charter duration of 35.3 months. The parent company, Paragon Shipping ( PRGN ), has a market capitalization of $163 million. PRGN ’s stock declined 30% in the last six months. PRGN is spinning off two of its 14 ships to TEU. TEU’s management
Pradeep Kandasamy submits: Shipping Industry Overview I track mainly three sectors in shipping - dry bulk shippers, tankers and containers. The dry freight sector has been hit the hardest - facing over supply from new builds, reduction in demand and quite a few black swans in the recent past. These
Neil Carvin submits: Paragon Shipping , Inc. ( PRGN ) earned $0.04 per diluted ..... quarter. This post reviews Paragon Shipping 's Income Statement for ..... Profitability and Value. Paragon Shipping owns and charters ships that