International Shipping News & Insights for Profitable Shipping - 12 March 2010
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Stamatis Molaris addresses NASDAQ
Stamatis Molaris addresses NASDAQ
ANOTHER shipping company filed an IPO today: Alma Maritime, led by Empire Navigation’s Stamatis Molaris.
ANOTHER shipping company filed an IPO today: Alma Maritime, led by Empire Navigation’s Stamatis Molaris.

Alma plans to sell 11.25M shares with a target price of $19-21 per share and list on the NYSE under the symbol ‘AAM’. Alma’s founding ... Full Story
16:43 12 Mar  

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Evangelos Marinakis
EVANGELOS Marinakis-led Crude Carriers today priced its 13.5M-share IPO at $19 per share – the low end of its target range. Full Story
16:48 12 Mar
Pirate weapons
PIRATES shot bullet holes into a German-owned box ship’s funnel and a crane in the Indian Ocean, but failed to hijack the vessel, EU NAVFOR said today. Full Story
16:47 12 Mar
APM Terminals will invest $120M in Monrovia
DENMARK’S AP Møller-Maersk told Fairplay today it ranked first among the groups bidding for the contract to operate Liberia's Monrovia port. Full Story
16:18 12 Mar
FREIGHT rates of the Baltic Dry Index today rose for the third day running, on surging Chinese demand for Brazilian iron ore imports. Full Story
15:53 12 Mar
Ioannis P: impairment charge
TOP SHIPS was hit by asset impairment charges in its latest quarter and faces new challenges related to breaches of loan covenants. Full Story
15:49 12 Mar
Randee Day
MAJOR changes continue at tanker owner DHT Holdings, with Randee Day taking over as acting CEO on 1 April. Full Story
15:39 12 Mar

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Baltic Dry Index
13.18 11 Mar
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OceanFreight to reverse split
MIXED-fleet owner OceanFreight plans a 3:1 reverse stock split to regain compliance with NASDAQ’s minimum share-price mandate. Full Story
16:08 12 Mar

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