Third Quarter 2018 Earnings Presentation October 22, 2018
|
|
- Kelley Stafford
- 5 years ago
- Views:
Transcription
1 Third Quarter 2018 Earnings Presentation October 22, 2018
2 Safe Harbor Statement This document may contain forward-looking statements that reflects management s expectations for the future. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "anticipate," "intend," "estimate," "forecast," "project," "plan," "potential," "may," "should," "expect," "pending" and similar expressions identify forward-looking statements. The forward-looking statements in this document are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the failure of counterparties to fully perform their contracts with us, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk vessel capacity, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other factors. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. 2
3 Corporate and Financial Highlights Q Financial Results TCE Investment in Scorpio Tankers, Inc. GAAP Net Loss of $0.4 million / Loss per Share of $0.01 (includes $0.03 write off of deferred financing costs) EBITDA of $28.8 million and cash flow from operations of $18.6 million Ultramax TCE of $11,342 per day in Q Ultramax TCE of $13,388 per day booked to date in Q Kamsarmax TCE of $13,649 per day in Q Kamsarmax TCE of $14,382 per day booked to date in Q Invested $100 million in a related party, Scorpio Tankers, Inc. for approximately 54.1 million shares, or 10.9% of Scorpio Tankers issued and outstanding shares Liquidity Liquidity position as of October 19, 2018 is $58.0 million in cash Debt Entered into and closed a $60.0 million credit facility to refinance two Ultramax vessels and two Kamsarmax vessels Entered into and closed a $184.0 million credit facility to refinance six Ultramax vessels and six Kamsarmax vessels Entered into and closed a $34.0 million credit facility to refinance two Kamsarmax vessels Agreed to a $20.5 million lease financing of the Ultramax bulk carrier, SBI Hermes Agreed to a $90 million credit facility to refinance six Ultramax vessels 3
4 Corporate and Financial Highlights (cont.) Fleet Development Agreed letters of intent to cover the purchase and installation of exhaust gas cleaning systems between Q and Q for a cost of between $1.5 million - $2.2 million per vessel Anticipated to be financed at 60-70% Time Charters Entered into Time Charters for 11 vessels at rates of $14,500-$16,500 per day that end in H Stock Buyback Program From July 1, 2018 to October 12, 2018, approximately 1.8 million shares were purchased by the Company under its share buyback program at a cost of $6.80 per share or $11.9 million in aggregate The Board of Directors approved a new share repurchase plan for the repurchase of up to $50.0 million of our common stock, replacing the existing authorization Dividend The Company s Board of Directors declared a dividend of $0.02 per share on October 19,
5 Strengthening Market for Our Vessels $16,000 $14,000 February 10, 2016 BDI hits 40 year low $12,605 $12,881 $12,823 $14,382 $13,649 $13,388 $12,000 $10,886 $11,569 $11,342 $10,000 $9,164 $9,273 $9,211 $8,949 $9,757 $8,230 $8,360 $8,000 $7,083 $7,238 $7,401 $6,349 $6,000 $5,335 $5,263 $4,000 $3,462 $3,331 $2,000 $0 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18* Ultramax Kamsarmax 5 * Projections based on 47% and 49% of the days for the Ultramax fleet and Kamsarmax fleet, respectively as of October 17, 2018.
6 Financial Performance Summary Revenue EBITDA $70 $60 $50 $40 $30 $20 $10 $10.2 $17.4 $23.9 $26.8 $34.7 $37.7 $38.6 $51.1 $54.3 $60.6 $62.5 $40 $30 $20 $10 $0 -$10 -$20 $17.0 $5.8 $1.3 $0.9 $7.3 $10.8 $12.4 $22.9 $20.4 $28.1 $28.8 $0 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 -$30 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Operating Cash Flow EBIT $25 $15 $5 -$5 -$15 -$25 -$35 $21.1 $18.6 $13.5 $11.1 $5.3 $2.5 -$2.1 -$1.7 -$4.5 -$18.1 -$27.5 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 $15 $10 $5 $0 -$5 -$10 -$15 -$20 -$25 -$30 -$35 -$28.8 -$14.1 -$16.2 -$19.2 -$9.9 -$6.2 -$4.1 $6.0 $2.9 $10.6 $9.4 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Figures in $USD millions. 6
7 Trading Summary Atlantic Pacific ~ 60% and 65% of the kamsarmax and ultramax fleet currently trading in the Atlantic, respectively Increasing thermal coal from US/South America exports to Europe as a result of rising LNG prices South American grain exports increase as a result of Chinese tariffs on US grain imports While US soybean exports heading to Northern Europe, Saudi Arabia and Egypt have increased ~ 40% and 35% of the kamsarmax and ultramax fleet currently trading in the Pacific, respectively Increasing thermal coal imports to India from South Africa/Indonesia due to weak domestic production and historically low inventories South East Asia emerging as a primary destination for coal with new power plants in Vietnam and Pakistan offsetting a slight decline in Chinese imports 7
8 Appendix 8
9 Time Charter Out Agreements Vessel Type Earliest Redelivery Date Rate Per Day SBI Jaguar Ultramax April 2019 $16,000 SBI Ursa Ultramax June 2019 $15,000 SBI Tango Ultramax March 2019 $14,500 SBI Cougar Ultramax March 2019 $16,500 SBI Echo Ultramax February 2019 $15,000 SBI Thalia Ultramax April 2019 $16,500 SBI Lyra Ultramax April 2019 $16,500 SBI Bolero Kamsarmax May 2019 $14,500 SBI Macarena Kamsarmax February 2019 $16,000 SBI Samba Kamsarmax April 2019 $15,500 SBI Mazurka Kamsarmax May 2019 $16,000 9
10 Projected Debt Repayments and Bareboat Charter Payments Projected Debt Repayments and Bareboat Charter Payments Q4 18 * Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 $330m facility $ 65,710,938 $ 4,007,813 $ 4,007,813 $ 4,007,813 $ 4,007,813 $ 4,007,813 $ 4,007,813 $ 4,007,813 $ 4,007,813 $12.5m facility $ 195,833 $ 195,833 $ 195,833 $ 195,833 $ 195,833 $ 195,833 $ 195,833 $ 195,833 $ 8,029,167 $42m facility $ - $ - $ 344,595 $ 344,595 $ 344,595 $ 344,595 $ 344,595 $ 344,595 $ 344,595 $27.3m facility $ 8,816,665 $ - $ - $ - $ 195,833 $ 195,833 $ 195,833 $ 195,833 $ 195,833 $85.5m facility $ 1,631,957 $ 1,631,957 $ 1,631,957 $ 1,631,957 $ 1,631,957 $ 1,631,957 $ 1,631,957 $ 1,631,957 $ 1,631,957 $38.7m facility $ 900,000 $ 900,000 $ 900,000 $ 900,000 $ 900,000 $ 900,000 $ 900,000 $ 900,000 $ 900,000 $12.8m facility $ 425,000 $ - $ 425,000 $ - $ 425,000 $ - $ 425,000 $ - $ 425,000 $30m facility $ 555,477 $ 555,477 $ 555,477 $ 555,477 $ 555,477 $ 555,477 $ 555,477 $ 555,477 $ 555,477 $60m facility $ 1,202,885 $ 1,202,885 $ 1,202,885 $ 1,202,885 $ 1,202,885 $ 1,202,885 $ 1,202,885 $ 1,202,885 $ 1,202,885 $184m facility $ 3,771,000 $ 3,771,000 $ 3,771,000 $ 3,771,000 $ 3,771,000 $ 3,771,000 $ 3,771,000 $ 3,771,000 $ 3,771,000 $34m facility $ - $ 607,143 $ 607,143 $ 607,143 $ 607,143 $ 607,143 $ 607,143 $ 607,143 $ 607,143 $90m facility $ - $ 1,975,000 $ 1,975,000 $ 1,975,000 $ 1,975,000 $ 1,975,000 $ 1,975,000 $ 1,975,000 $ 1,975,000 Senior Notes $ - $ - $ - $ 73,625,000 $ - $ - $ - $ - $ - $19.6m facility $ 492,750 $ 492,750 $ 492,750 $ 492,750 $ 492,750 $ 492,750 $ 492,750 $ 492,750 $ 492,750 $19.0m facility $ 328,500 $ 492,750 $ 492,750 $ 492,750 $ 492,750 $ 492,750 $ 492,750 $ 492,750 $ 492,750 $19.0m facility $ 328,500 $ 492,750 $ 492,750 $ 492,750 $ 492,750 $ 492,750 $ 492,750 $ 492,750 $ 492,750 $20.5m facility $ 355,875 $ 533,813 $ 533,813 $ 533,813 $ 533,813 $ 533,813 $ 533,813 $ 533,813 $ 533,813 Total $ 84,715,381 $ 16,859,171 $ 17,628,766 $ 90,828,766 $ 17,824,599 $ 17,399,599 $ 17,824,599 $ 17,399,599 $ 25,657,932 * Relates to payments expected to be made from October 20, 2018 to December 31,
Fourth Quarter 2018 Earnings Presentation January 28, 2019
Fourth Quarter 2018 Earnings Presentation January 28, 2019 Safe Harbor Statement This document may contain forward-looking statements that reflects management s expectations for the future. The Private
More informationScorpio Bulkers Inc. Q Earnings Supplementary Presentation April 23, 2018
1 Scorpio Bulkers Inc. Q1 2018 Earnings Supplementary Presentation April 23, 2018 Safe Harbor Statement This document may contain forward-looking statements that reflects management s expectations for
More informationSecond Quarter 2018 Earnings Presentation - July 23, 2018
Second Quarter 2018 Earnings Presentation - July 23, 2018 Safe Harbor Statement This document may contain forward-looking statements that reflects management s expectations for the future. The Private
More informationSCORPIO BULKERS INC. (Translation of registrant's name into English)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month
More informationQ4-18 Earnings Presentation
Q4-18 Earnings Presentation February 14, 2019 1 1 Disclaimer and Forward-looking Statements This presentation includes forward-looking statements within the meaning of the safe harbor provisions of the
More informationPioneer Marine Inc Announces Second Quarter 2014 Results
Pioneer Marine Inc Announces Second Quarter 2014 Results MAJURO -- (Marketwired August 29, 2014) Pioneer Marine Inc. (OSLO-OTC: PNRM) ("Pioneer Marine," or the "Company") a leading shipowner and global
More informationPioneer Marine Inc. Announces Third Quarter 2014 Results
Pioneer Marine Inc. Announces Third Quarter 2014 Results MAJURO -- (Marketwired December 9, 2014) Pioneer Marine Inc. (OSLO-OTC: PNRM) ("Pioneer Marine," or the "Company,") a leading shipowner and global
More informationDYNAGAS LNG PARTNERS LP REPORTS RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2017
DYNAGAS LNG PARTNERS LP REPORTS RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2017 MONACO December 5, 2017 - Dynagas LNG Partners LP (NYSE: DLNG) ( Dynagas Partners or the Partnership ), an
More informationPioneer Marine Inc. Announces Financial Results for the Third Quarter and Nine Months Ended September 30, 2018
Pioneer Marine Inc. Announces Financial Results for the Third Quarter and 2018 MAJURO, MARSHALL ISLANDS -- (GlobeNewswire November 9, 2018) Pioneer Marine Inc. and its subsidiaries (OSLO-OTC: PNRM) ("Pioneer
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 6-K
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month
More informationPioneer Marine Inc. Announces Financial Results for the Second Quarter and Six Months Ended June 30, 2018
Pioneer Marine Inc. Announces Financial Results for the Second Quarter and Six 30, 2018 MAJURO, MARSHALL ISLANDS -- (GlobeNewswire August 28, 2018) Pioneer Marine Inc. and its subsidiaries (OSLO-OTC: PNRM)
More informationDYNAGAS LNG PARTNERS LP REPORTS RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2018
DYNAGAS LNG PARTNERS LP REPORTS RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2018 MONACO May 16, 2018 - Dynagas LNG Partners LP (NYSE: DLNG ) ( Dynagas Partners or the Partnership ), an owner and operator
More informationwas RESULTS Q May 30, 2018
was RESULTS Q1-2018 May 30, 2018 FORWARD-LOOKING STATEMENTS Matters discussed in this presentation may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides
More informationPioneer Marine Inc. Announces Financial Results for the Quarter Ended March 31, 2018
Pioneer Marine Inc. Announces Financial Results for the Quarter Ended March 31, 2018 MAJURO, MARSHALL ISLANDS -- (Marketwired May 10 th, 2018) Pioneer Marine Inc. and its subsidiaries (OSLO-OTC: PNRM)
More informationDRYSHIPS INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE FOURTH QUARTER OF 2018
DRYSHIPS INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE FOURTH QUARTER OF 2018 February 28, 2019, Athens, Greece, DryShips Inc. (NASDAQ:DRYS) ( DryShips or the Company ), a diversified owner and
More informationDYNAGAS LNG PARTNERS LP REPORTS RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2018
DYNAGAS LNG PARTNERS LP REPORTS RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2018 MONACO November 15, 2018 - Dynagas LNG Partners LP (NYSE: DLNG ) ( Dynagas Partners or the Partnership ),
More informationDRYSHIPS INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE FIRST QUARTER OF 2018
DRYSHIPS INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE FIRST QUARTER OF 2018 May 8, 2018, Athens, Greece. DryShips Inc. (NASDAQ:DRYS) ( DryShips or the Company ), a diversified owner and operator
More informationShip Finance International Limited Q Results
Ship Finance International Limited Q2 2018 Results Aug 22, 2018 1 FORWARD LOOKING STATEMENTS This presentation contains forward looking statements. These statements are based upon various assumptions,
More informationNASDAQ: SBLK. 4 th Quarter and FY 2015 Financial Results
NASDAQ: SBLK 4 th Quarter and FY 2015 Financial Results March 2016 Forward-Looking Statements Except for the historical information contained herein, this presentation contains among other things, certain
More informationShip Finance International Limited 4Q 2016 Results
Ship Finance International Limited 4Q 2016 Results February 28, 2017 1 FORWARD LOOKING STATEMENTS This presentation contains forward looking statements. These statements are based upon various assumptions,
More informationInvestor and Media Relations: Edward Nebb Comm-Counsellors, LLC Telephone:
Corporate Contact: Ioannis Zafirakis Director, Chief Operating Officer and Secretary Telephone: + 30-216-600-2400 Email: izafirakis@dcontainerships.com Website: www.dcontainerships.com Investor and Media
More informationDRYSHIPS INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE SECOND QUARTER OF 2018
DRYSHIPS INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE SECOND QUARTER OF 2018 July 31, 2018, Athens, Greece. DryShips Inc. (NASDAQ:DRYS) ( DryShips or the Company ), a diversified owner and operator
More informationPangaea Logistics Solutions Ltd. Reports Financial Results for the Three Months and Year Ended December 31, 2017
Pangaea Logistics Solutions Ltd. Reports Financial Results for the Three Months and Year Ended December 31, 2017 Company posts strong earnings after two years of industry turmoil NEWPORT, RI - March 21,
More informationInvestor and Media Relations: Edward Nebb Comm-Counsellors, LLC Telephone:
Corporate Contact: Ioannis Zafirakis Director, Chief Operating Officer and Secretary Telephone: + 30-210-9470100 Email: izafirakis@dianashippinginc.com Website: www.dianashippinginc.com Investor and Media
More informationNASDAQ: SBLK. Financial Results Q2 2017
NASDAQ: SBLK Financial Results Q2 2017 August 2017 2 Forward-Looking Statements Except for the historical information contained herein, this presentation contains among other things, certain forward-looking
More informationDRYSHIPS INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE FOURTH QUARTER OF 2017
DRYSHIPS INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE FOURTH QUARTER OF 2017 February 27, 2018, Athens, Greece. DryShips Inc. (NASDAQ:DRYS) ( DryShips or the Company ), a diversified owner of ocean
More informationFOURTH QUARTER AND FINANCIAL YEAR 2002 RESULTS
FRONTLINE LTD. FOURTH QUARTER AND FINANCIAL YEAR RESULTS Frontline Ltd. reports earnings before interest, tax, depreciation, and amortisation including earnings from associated companies (EBITDA) of $105.3
More informationContact A/S Dampskibsselskabet TORM Tel.:
FIRST QUARTER REPORT 2006 THE RESULT WAS BETTER THAN EXPECTED Profit before tax for the first quarter of 2006 was USD 59.3 mill. (DKK 368.3 mill.). The result was better than expected. Expectations for
More informationFirst Quarter 2018 Results June 6, 2018
First Quarter 2018 Results June 6, 2018 Notice to Recipients This presentation is not a prospectus and is not an offer to sell, nor a solicitation of an offer to buy, securities. This presentation contains
More informationThe New DryShips DryShips Inc.
The New DryShips DryShips Inc. NASDAQ: DRYS Investor Presentation Capital Link Conference March 12, 2018 Disclaimer About this Presentation This presentation (this Presentation ) has been prepared by DryShips
More informationDRYSHIPS INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE THIRD QUARTER 2016
DRYSHIPS INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE THIRD QUARTER 2016 November 9, 2016, Athens, Greece. DryShips Inc. (NASDAQ:DRYS), or DryShips or the Company, an international owner of drybulk
More informationQ Results August 29, 2012
Q2 2012 Results August 29, 2012 Forward looking statements MATTERS DISCUSSED IN THIS DOCUMENT MAY CONSTITUTE FORWARD-LOOKING STATEMENTS. THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 PROVIDES SAFE
More informationNASDAQ: SBLK. Corporate Presentation
NASDAQ: SBLK Corporate Presentation March 2018 1 2 Forward-Looking Statements Except for the historical information contained herein, this presentation contains among other things, certain forward-looking
More informationInvestor and Media Relations: Edward Nebb Comm-Counsellors, LLC Telephone:
Corporate Contact: Ioannis Zafirakis Director, Chief Operating Officer and Secretary Telephone: + 30-210-9470100 Email: izafirakis@dianashippinginc.com Website: www.dianashippinginc.com Investor and Media
More informationPangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended March 31, 2017
Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended March 31, 2017 Delivers profitable Q1 2017 as drybulk market sees moderate improvement NEWPORT, RI - May 10, 2017 - Pangaea
More informationNASDAQ: SBLK. Corporate Presentation
NASDAQ: SBLK Corporate Presentation March 2017 2 Forward-Looking Statements Except for the historical information contained herein, this presentation contains among other things, certain forward-looking
More informationNASDAQ: SBLK. Corporate Presentation
NASDAQ: SBLK Corporate Presentation September 2017 2 Forward-Looking Statements Except for the historical information contained herein, this presentation contains among other things, certain forward-looking
More informationPangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended March 31, 2018
Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended March 31, 2018 Net income triples in transitioning market Announces ten year Arctic contract NEWPORT, RI - May 10, 2018
More informationFINAL HALF YEAR RESULTS 2015
20 AUGUST 8 a.m. CET FINAL HALF YEAR RESULTS HIGHLIGHTS Interim dividend of USD 0.62 (to be paid in September) Adding the USD 0.25 already paid in May, brings the total dividend paid in under the new dividend
More informationNASDAQ: SBLK. Corporate Presentation
NASDAQ: SBLK Corporate Presentation December 2016 Forward-Looking Statements Except for the historical information contained herein, this presentation contains among other things, certain forward-looking
More informationPangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended September 30, 2018
Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended September 30, 2018 Company continues to report higher earnings year-on-year NEWPORT, RI - November 8, 2018 - Pangaea Logistics
More informationDRYSHIPS INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE THIRD QUARTER 2017
DRYSHIPS INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE THIRD QUARTER 2017 November 21, 2017, Athens, Greece. DryShips Inc. (NASDAQ:DRYS), or DryShips or the Company, a diversified owner of ocean
More information1 7 M a y Q RESULTS TELECONFERENCE
1 7 M a y 2 0 1 8 Q1 2018 RESULTS TELECONFERENCE SAFE HARBOR STATEMENT Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current views
More informationPangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended June 30, 2018
Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended June 30, 2018 Company delivers earnings of $0.14 per share in the past three months and $0.52 per share in the past twelve
More informationDRYSHIPS INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE SECOND QUARTER 2016
DRYSHIPS INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE SECOND QUARTER 2016 August 8, 2016, Athens, Greece. DryShips Inc. (NASDAQ:DRYS), or DryShips or the Company, an international owner of drybulk
More informationEURONAV ANNOUNCES THIRD QUARTER RESULTS 2017
Tuesday 31 October 8 a.m. CET EURONAV ANNOUNCES THIRD QUARTER RESULTS HIGHLIGHTS Challenging freight market throughout quarter toughest since Q3 2013 Oversupply of tonnage and new vessel deliveries the
More information7 th Annual Invest in International Shipping Forum
7 th Annual Invest in International Shipping Forum March 21, 13 Ole B. Hjertaker, CEO 1 FORWARD LOOKING STATEMENTS This presentation contains forward looking statements. These statements are based upon
More informationInvestor and Media Relations: Edward Nebb Comm-Counsellors, LLC Telephone:
Corporate Contact: Ioannis Zafirakis Director, Chief Operating Officer and Secretary Telephone: + 30-210-9470100 Email: izafirakis@dianashippinginc.com Website: www.dianashippinginc.com Investor and Media
More informationShip Finance International Limited (NYSE: SFL) - Earnings Release. Reports preliminary Q results and quarterly cash dividend of $0.
Ship Finance International Limited (NYSE: SFL) - Earnings Release Reports preliminary Q3 2018 results and quarterly cash dividend of $0.35 per share Hamilton, Bermuda, November 20, 2018. Ship Finance International
More informationDISCLOSURE REGARDING A TRANSPARENCY NOTIFICATION
DISCLOSURE REGARDING A TRANSPARENCY NOTIFICATION (article 14, 1 st paragraph, of the Law of 2 May 2007 relating the disclosure of important shareholdings in listed companies) 1. Summary of the notification
More informationSecond Quarter 2018 Results September 5, 2018
Second Quarter 2018 Results September 5, 2018 Notice to Recipients This presentation is not a prospectus and is not an offer to sell, nor a solicitation of an offer to buy, securities. This presentation
More informationSeeking Alpha Maritime Investor Forum Presentation. 19 June 2017
Seeking Alpha Maritime Investor Forum Presentation 19 June 2017 Disclaimer This presentation contains certain statements that may be deemed to be forward-looking statements within the meaning of Section
More informationTORM A/S first quarter 2016 report
TORM A/S first quarter 2016 report The EBITDA for the first quarter of 2016 was USD 70m (2015, same period, pro forma: USD 77m) 1. The profit before tax for the first quarter of 2016 was USD 31m (2015,
More informationHamilton, Bermuda, May 9, 2016
Nordic American Tankers' 1Q2016 Report (NYSE:NAT) NAT is very different from other tanker companies. Operating cash flow remains stable. Cash dividend declared for the 75 th time. Hamilton, Bermuda, May
More informationGeorge Economou, the Company s Chairman and Chief Executive Officer of DryShips Inc., commented:
DRYSHIPS INC. REPORTS SECOND QUARTER AND FIRST HALF 2007 RESULTS, THE ACQUISITION OF THREE ADDITIONAL VESSELS AND THE DISPOSAL OF ONE VESSEL August 21, 2007, Athens, Greece. DryShips Inc. (NASDAQ: DRYS),
More informationThird Quarter 2018 Results November 27, 2018
Third Quarter 2018 Results November 27, 2018 Notice to Recipients This presentation is not a prospectus and is not an offer to sell, nor a solicitation of an offer to buy, securities. This presentation
More informationInvestor and Media Relations: Edward Nebb Comm-Counsellors, LLC Telephone:
Corporate Contact: Ioannis Zafirakis Director, Chief Operating Officer and Secretary Telephone: + 30-210-9470100 Email: izafirakis@dianashippinginc.com Website: www.dianashippinginc.com Investor and Media
More informationANNOUNCEMENT NO TORM results for first half 2004
ANNOUNCEMENT NO. 10-2004 TORM results for first half 2004 12 August 2004 First half 2004 profits better than expected expectations for 2004 profit before tax and value adjustment on NORDEN shares increased
More informationEURONAV NV AND GENER8 MARITIME, INC. ANNOUNCE MERGER AGREEMENT
Filed by Euronav NV Commission File No. 001-36810 Pursuant to Rule 425 of the Securities Act of 1933 Subject Company: Gener8 Maritime, Inc. Commission File No. 001-34228 PRESS RELEASE EURONAV NV AND GENER8
More informationInvestor and Media Relations: Edward Nebb Comm-Counsellors, LLC Telephone:
Corporate Contact: Ioannis Zafirakis Director, Chief Operating Officer and Secretary Telephone: + 30-210-9470100 Email: izafirakis@dianashippinginc.com Website: www.dianashippinginc.com Investor and Media
More informationInvestor and Media Relations: Edward Nebb Comm-Counsellors, LLC Telephone:
Corporate Contact: Ioannis Zafirakis Director, Chief Operating Officer and Secretary Telephone: + 30-216-600-2400 Email: izafirakis@dcontainerships.com Website: www.dcontainerships.com Investor and Media
More information1 2 Ma y Q RESULTS TELECONFERENCE
1 2 Ma y 2 0 1 6 Q1 2016 RESULTS TELECONFERENCE SAFE HARBOR STATEMENT Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current views with
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 6-K. Pyxis Tankers Inc.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month
More informationEagle Bulk Shipping Inc. 4Q 2005 Results Presentation
Eagle Bulk Shipping Inc. 4Q 2005 Results Presentation March 7, 2006 Forward Looking Statements This presentation contains certain statements that may be deemed to be forward-looking statements within the
More information8 Ma r c h FULL-YEAR AND Q4 RESULTS TELECONFERENCE
8 Ma r c h 2 0 1 6 2015 FULL-YEAR AND Q4 RESULTS TELECONFERENCE SAFE HARBOR STATEMENT Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our
More informationThe cash flow from operating activities for the first quarter of 2010 was USD 21 million.
TORM posted a profit before tax of USD 3 million in the first quarter of 2010 under continued difficult market conditions. During the first quarter of 2010, the winter market and the increased industry
More informationInvestor and Media Relations: Edward Nebb Comm-Counsellors, LLC Telephone:
Corporate Contact: Ioannis Zafirakis Director, Chief Operating Officer and Secretary Telephone: + 30-210-9470100 Email: izafirakis@dianashippinginc.com Website: www.dianashippinginc.com Investor and Media
More informationInvestor and Media Relations: Edward Nebb Comm-Counsellors, LLC Telephone:
Corporate Contact: Ioannis Zafirakis Director, Chief Operating Officer and Secretary Telephone: + 30-210-9470100 Email: izafirakis@dianashippinginc.com Website: www.dianashippinginc.com Investor and Media
More informationInvestor and Media Relations: Edward Nebb Comm-Counsellors, LLC Telephone:
Corporate Contact: Ioannis Zafirakis Director, Chief Operating Officer and Secretary Telephone: + 30-210-9470100 Email: izafirakis@dianashippinginc.com Website: www.dianashippinginc.com Investor and Media
More informationSeanergy Maritime Holdings Corp. Reports Financial Results for the First Quarter Ended March 31, 2018
Seanergy Maritime Holdings Corp. Reports Financial Results for the First Quarter Ended March 31, 2018 Highlights of First Quarter 2018: Net revenues: $21.3 million in Q1 2018, up 60% compared to $13.3
More informationNavig8 Chemical Tankers Inc. Reports Results for the Three and Nine Months Ended September 30, 2017
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND THE DISTRICT OF COLUMBIA) OR ANY
More informationFourth Quarter 2017 Results February 21, 2018
Fourth Quarter 2017 Results February 21, 2018 Notice to Recipients This presentation is not a prospectus and is not an offer to sell, nor a solicitation of an offer to buy, securities. This presentation
More informationFRONTLINE LTD. REPORTS RESULTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED SEPTEMBER 30, 2018
FRONTLINE LTD. REPORTS RESULTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED SEPTEMBER 30, 2018 Frontline Ltd. (the Company or Frontline ), today reported unaudited results for the three and nine months
More informationTORM A/S Notice and complete proposals for an Extraordinary General Meeting to be held on Tuesday, 15 December 2015
TORM A/S Notice and complete proposals for an Extraordinary General Meeting to be held on Enclosed please find the notice of and the complete proposals for an Extraordinary General Meeting of TORM A/S
More informationGolden Ocean Group Limited. Preliminary Results for the Financial Year Introduction
Golden Ocean Group Limited Preliminary Results for the Financial Year 2004 Introduction Golden Ocean Group Limited ( Golden Ocean or the Company ) was incorporated as a wholly owned subsidiary of Frontline
More informationInvestor and Media Relations: Edward Nebb Comm-Counsellors, LLC Telephone:
Corporate Contact: Ioannis Zafirakis Director, Chief Operating Officer and Secretary Telephone: + 30-210-9470100 Email: izafirakis@dianashippinginc.com Website: www.dianashippinginc.com Investor and Media
More informationSecond Quarter 2017 Results. August 10, 2017
Second Quarter 2017 Results August 10, 2017 Notice to Recipients This presentation is not a prospectus and is not an offer to sell, nor a solicitation of an offer to buy, securities. This presentation
More information1 6 M a y Q RESULTS TELECONFERENCE
1 6 M a y 2 0 1 7 Q1 2017 RESULTS TELECONFERENCE SAFE HARBOR STATEMENT Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current views
More informationEagle Bulk Shipping Inc. JPMorgan Aviation & Transportation Conference 19 March 2008
Eagle Bulk Shipping Inc. JPMorgan Aviation & Transportation Conference 19 March 2008 Forward Looking Statements This presentation contains certain statements that may be deemed to be forward-looking statements
More informationKNOT OFFSHORE PARTNERS LP EARNINGS RELEASE INTERIM RESULTS FOR THE PERIOD ENDED MARCH 31, 2017
Highlights KNOT OFFSHORE PARTNERS LP EARNINGS RELEASE INTERIM RESULTS FOR THE PERIOD ENDED MARCH 31, 2017 For the three months ended March 31, 2017, KNOT Offshore Partners LP ( KNOT Offshore Partners or
More informationNavios Maritime Containers Inc. Reports Financial Results for the First Quarter Ended March 31, 2018
Navios Maritime Containers Inc. Reports Financial Results for the First Quarter Ended March 31, 2018 34% increase in fleet capacity YTD 2018 Acquired four containerships YTD 2018 for $129.0 million 59%
More information9 th Global Shipping & Logistics Conference
9 th Global Shipping & Logistics Conference NASDAQ: SBLK September 2012 Safe Harbor Statement Except for the historical information contained herein, this presentation contains among other things, certain
More informationHöegh LNG Partners LP The Floating LNG Infrastructure MLP. 2Q18 Financial Results August 23, 2018
Höegh LNG Partners LP The Floating LNG Infrastructure MLP 2Q18 Financial Results August 23, 2018 Forward-Looking Statements This presentation contains certain forward-looking statements concerning future
More informationFinancial Results for the Six Months Ended 30 June October 2013
Financial Results for the Six Months Ended 30 June 2013 7 October 2013 Disclaimer Matters discussed in this presentation may constitute forward-looking statements. Forward-looking statements reflect the
More informationDryShips Inc. 3 rd Quarter and Nine Months Ended September 30, 2007 Earnings Presentation NASDAQ: DRYS
3 rd Quarter and Nine Months Ended September 30, 2007 Earnings Presentation NASDAQ: DRYS November 7, 2007 Forward Looking Statements Matters discussed in this presentation may constitute forward-looking
More informationNavig8 Chemical Tankers Inc. Reports Results for the Three and Twelve Months Ended December 31, 2017
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND THE DISTRICT OF COLUMBIA) OR ANY
More informationDRYSHIPS REPORTS RESULTS FOR THE FOURTH QUARTER AND TWELVE MONTHS ENDED DECEMBER 31, 2007
DRYSHIPS REPORTS RESULTS FOR THE FOURTH QUARTER AND TWELVE MONTHS ENDED DECEMBER 31, 2007 February 14, 2008, Athens, Greece. DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services
More informationNavios Maritime Containers Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2017
Navios Maritime Containers Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, Acquired seven containerships for $128.0 million Grew fleet by 50% in Q4 (14 to 21 vessels at
More informationNotice of Extraordinary General Meeting and complete proposals
Notice of Extraordinary General Meeting and complete proposals Enclosed please find a letter from the chairman of the Board, the notice of and the complete proposals for the Extraordinary General Meeting
More informationNavig8 Chemical Tankers Inc. Reports Results for the Three and Twelve Months Ended December 31, 2015
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND THE DISTRICT OF COLUMBIA) OR ANY
More informationKNOT Offshore Partners LP (Translation of registrant s name into English)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month
More informationScorpio Bulkers Inc.
Filed Pursuant to Rule 424(b)(5) Registration No. 333-201354 This preliminary prospectus supplement relates to an effective registration statement under the Securities Act of 1933, as amended, but is not
More informationTORM plc interim results for the half-year ended 30 June 2017
TORM plc interim results for the half-year ended 30 June 2017 I am satisfied that we have been able to deliver a profit for the first six months of 2017 despite a difficult product tanker market. Over
More informationNavig8 Chemical Tankers Inc. Reports Results for the Three Months Ended March 31, 2018
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND THE DISTRICT OF COLUMBIA) OR ANY
More informationFirst Half and Second Quarter 2012 Financial Results
First Half and Second Quarter 2012 Financial Results NASDAQ: SBLK August 2012 Safe Harbor Statement Except for the historical information contained herein, this presentation contains among other things,
More informationINTERIM REPORT FIRST HALF-YEAR 2006 PROFIT UPGRADE FOR 2006
INTERIM REPORT FIRST HALF-YEAR 2006 PROFIT UPGRADE FOR 2006 In anticipation of continuing firm freight rates for the remainder of the year, the profit forecast for 2006 is upgraded to USD 230-250 million
More informationDryShips Inc. 1st Quarter Ended March 31, 2009 Earnings Presentation NASDAQ: DRYS
1st Quarter Ended March 31, 2009 Earnings Presentation NASDAQ: DRYS May 1 st, 2009 Forward Looking Statements Matters discussed in this presentation may constitute forward-looking statements. Forward-looking
More informationKNOT OFFSHORE PARTNERS LP EARNINGS RELEASE INTERIM RESULTS FOR THE PERIOD ENDED SEPTEMBER 30, 2017
Highlights KNOT OFFSHORE PARTNERS LP EARNINGS RELEASE INTERIM RESULTS FOR THE PERIOD ENDED SEPTEMBER 30, For the three months ended, KNOT Offshore Partners LP ( KNOT Offshore Partners or the Partnership
More information2 1 S e p t e m b e r HANDELSBANKEN TRANSPORT SEMINAR
2 1 S e p t e m b e r 2 0 1 6 HANDELSBANKEN TRANSPORT SEMINAR SAFE HARBOR STATEMENT Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 6-K. Pyxis Tankers Inc.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month
More information