Shipping
Nordic American Tanker buys tanker announces dividend
NORDIC AMERICAN TANKER SHIPPING LTD..
Nordic American Tanker (NAT: 37.14 +0.29 +0.79%) has announced it has purchased an additional double-hull suexmax tanker. This will give them 13 tankers in service and 2 new-buildings on order. The price of the tanker was $56.7 million, delivery will be in mid March and it will be immediately accretive to [...]
Income Portfolio - Year End Review
As this site has progressed I have been working to develop on-line portfolios of the stocks I am interested in. In mid 2008 I went with a more active management of the portfolios and set up a tracking system to monitor the progress. My Income Portfolio went active on July 1, 2008 with a value [...]
Genco Shipping leases new Capesize bulk carrier
Genco Shipping and Trading Limited - Press Release.
It is heartening to see Genco Shipping (GNK: 19.18 +1.39 +7.81%) put on a new bulk carrier with Cargill for a minimum 4 year lease at a very nice rate. $65,000 per day! There seems to be quite a disconnect between the rates earned by quality shipping companies [...]
Baltic Capesize Index on a run
There has been and continues to be a lot of news and analysis about the Baltic Dry Index, BDI, which tracks the cost to ship dry bulk goods. Many “investors” have been using the ups and mostly downs to decide whether to buy or sell a host of shipping companies, whether they are in the [...]
Star Bulk Carriers interesting dividend payout
Star Bulk Carriers *.
To conserve cash Star Bulk Carriers (SBLK: 3.38 +0.35 +11.55%) has elected to pay half of the 3rd quarter’s 36ยข in cash and the remainder in company stock. Star Bulk Carriers owns a dozen dry bulk cargo ships which it leases out on long terms contracts. Dry bulk shippers have been hit [...]
