Second Quarter and Six Months Ended June 30, 2008 Results Presentation. August 7, 2008
|
|
- Alannah Lynch
- 5 years ago
- Views:
Transcription
1 Second Quarter and Six Months Ended June 30, 2008 Results Presentation August 7, 2008
2 Forward Looking Statements This presentation contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of These forward-looking statements are based on management's current expectations and observations. Included among the factors that, in the company's view, could cause actual results to differ materially from the forward looking statements contained in this press release are the following: changes in demand for the company s services; a material decline or prolonged weakness in rates in the shipping market; changes in rules and regulations applicable to the shipping industry, including, without limitation, legislation adopted by international organizations such as the International Maritime Organization and the European Union or by individual countries; actions taken by regulatory authorities; changes in trading patterns significantly impacting overall vessel tonnage requirements; changes in the typical seasonal variations in charter rates; increases in costs, including changes in production of or demand for oil and petroleum products, crew wages, insurance, provisions, repairs and maintenance; changes in general domestic and international political conditions; changes in the condition of the company's vessels or applicable maintenance or regulatory standards which may affect, among other things, the company's anticipated drydocking or maintenance and repair costs; increase in the cost of our drydocking program or delays in anticipated drydocking schedule; China Communications Construction Company Ltd./ Nantong Yahua Shipbuilding Co., Ltd. s ability to complete and deliver the vessels on the anticipated schedule and the ability of the parties to satisfy the conditions in the shipbuilding agreements; and other factors listed from time to time in the company's filings with the Securities and Exchange Commission, including, without limitation, its Annual Report on Form 10-K for the period ended December 31, 2007 and its subsequent reports on Form 10- Q and Form 8-K. Page 1
3 Second Quarter & Six Months Ended June 30, 2008 Overview Q Q Q2 2008/ 2007 Revenues (millions) $156.9 $ % Net Income (1) (millions) $52.6 $ % EPS diluted (1) $1.82 $ % EPS diluted excl. non-recurring items (1) $1.82 $ % EBITDA (2) (millions) $72.8 $ % Daily Freight Voyage TCE $31,212 $20,538 52% Daily Time Charter TCE $30,563 $18,727 63% Drydock days (45)% 6M M M 2008/ 2007 Revenues (millions) $288.5 $ % Net Income (1) (millions) $98.0 $ % EPS diluted (1) $3.44 $ % EPS diluted excl. non-recurring items (1) $3.52 $ % EBITDA (2) (millions) $137.1 $ % Daily Freight Voyage TCE $29,866 $19,213 55% Daily Time Charter TCE $30,437 $17,858 70% Drydock days (40)% (1) For details of Q2 & 6M 2008 & 2007 EPS diluted and EBITDA, please refer to pages 9 and 11 respectively. (2) Non-GAAP financial measure. A reconciliation of EBITDA to Net Income is provided on page 14. Page 2
4 TBS Today Strategically positioned to benefit from the global boom in energy, mining, infrastructure and construction projects throughout the world Strengthened position in our core markets of Asia and Latin America while further developing new growth opportunities Expanded fleet to 46 vessels (23 multipurpose tweendeckers / 23 handysize and handymax bulk carriers) includes two vessels to be delivered within 30 days Newbuilding program for six multipurpose tweendeckers is proceeding Pursuing opportunities to build additional Roymar Class sister ships in China for delivery through 2011 Moderate leverage strong financial condition access to bank financing Expanded shareholder base and raised $102 million before expenses Page 3
5 TBS Five Star Service TBS builds partnerships with its customers by delivering a full-service approach to shipping that allows customers to optimize their global supply chains Transportation Operations Logistics Portside Services Strategic Planning Page 4
6 Representative Parcel Cargoes Page 5
7 Representative Project Cargoes/ Heavy Lift Page 6
8 Representative Parcel Cargoes Page 7
9 TBS Net Income as compared to Baltic Dry Index Page 8
10 Q Operating & Financial Highlights In million $ (except EPS & share numbers) Q Q Q2 2008/ 2007 Voyage Revenues $128.7 $ % Time Charter Revenues % Other Revenues % Total Revenues % Net Income (1) % EBITDA (2) % EPS diluted (1) $1.82 $ % Weighted Average Common Shares 28,873,395 28,064,954 (1) Net Income and EPS for the second quarter 2007 include a gain of $6.0 million from the sale and insurance recovery of the M.V. Huron Maiden following her constructive total loss, or $0.21 per share. Before this gain, Net Income and EPS would have been $15.7 million and $0.56 per share for the second quarter (2) Non-GAAP financial measure. A reconciliation of EBITDA to Net Income is provided on page 14. Page 9
11 Q Revenue Metrics VOYAGE DATA Q Q Q2 2008/2007 Average number of vessels % Daily Time Charter Equivalent (TCE) $31,212 $20,538 52% Freight Voyage Days 2,758 2,009 37% Freight Rates per ton (1) -For all cargoes -Excluding Aggregates $56.25 $91.79 $37.26 $ % 38% -Total tons of cargo shipped -Tons of cargo shipped excluding aggregates 2,287,725 1,233,396 1,620, ,817 41% 53% TIME CHARTER DATA Q Q Q2 2008/2007 Average number of vessels % Daily Time Charter Equivalent (TCE) $30,563 $18, % Time Charter Days (7)% Daily Charter-Out Hire Rate $32,506 $19,215 69% (1) Weighted Average freight rates Page 10
12 6M 2008 Operating & Financial Highlights In million $ (except EPS & share numbers) 6M M M 2008/ 2007 Voyage Revenues $226.8 $ % Time Charter Revenues % Other Revenues % Total Revenues % Net Income (1) % EBITDA (2) % EPS diluted (1) $3.44 $ % Weighted Average Common Shares 28,476,436 28,048,295 (1) Net Income and EPS for the six months ended June 30, 3008, includes $2.3 million for the loss on extinguishment of debt, or $0.08 per share. Net Income and EPS for the six months ended June 30, 2007, include a gain of $6.0 million from the sale and insurance recovery of the M.V. Huron Maiden and a loss of $800 thousand from the sale of the M.V. Maya Princess, or $0.19 per share. Before these items, Net Income and EPS would have been $100.3 million and $3.52 per share for six months 2008 and $30.9 million and $1.10 per share for (2) Non-GAAP financial measure. A reconciliation of EBITDA to Net Income is provided on page 14. Page 11
13 6M 2008 Revenue Metrics VOYAGE DATA 6M M M 2008/2007 Average number of vessels % Daily Time Charter Equivalent (TCE) $29,866 $19,213 55% Freight Voyage Days 5,133 3,907 31% Freight Rates per ton (1) -For all cargoes -Excluding Aggregates $52.37 $89.35 $35.97 $ % 47% -Total tons of cargo shipped -Tons of cargo shipped excluding aggregates 4,331,677 2,227,225 3,122,632 1,648,567 39% 35% TIME CHARTER DATA 6M M M 2008/2007 Average number of vessels % Daily Time Charter Equivalent (TCE) $30,437 $17,858 70% Time Charter Days 1,807 1,833 (1)% Daily Charter-Out Hire Rate $32,088 $18,653 72% (1) Weighted Average freight rates Page 12
14 Consolidated Balance Sheet Highlights In millions $ 6/ /2007 Cash and Equivalents $ $ 30.5 Vessels, net Total Assets Total Debt (including current portion) Shareholders Equity Net Debt/Total Capitalization 30.3% 31.9% Page 13
15 Reconciliations EBITDA Reconciliation Three Months Ended Six Months Ended June 30, June 30, In millions $ Net Income (1) $52.6 $21.7 $98.0 $36.1 Net interest expense Depreciation and Amortization EBITDA (1) $72.8 $32.3 $137.1 $57.7 (1) Net income for the six months ended June 30, 2008 includes $2.3 million for the loss on extinguishment of debt, which was incurred during the first quarter of Net income for the six months ended June 30, 2007 includes a gain of $6.0 million from the sale and insurance recovery of the M.V. Huron Maiden, which occurred during the second quarter of 2007 and a loss of $800 thousand from the sale of the M.V. Maya Princess, which occurred during the first quarter of Before these items, net income for the six months ended 2008 and 2007 would have been $100.3 million and $30.9 million, respectively and net income for the three months ended June 30, 2007 would have been $15.7 million. Page 14
16 Reconciliations Income before non-recurring items Reconciliation Three Months Ended Six Months Ended June 30, June 30, In million $ (except EPS & share numbers) Net Income $52.6 $21.7 $98.0 $36.1 Loss on extinguishment of debt Loss on sale of vessel Gain on sale and insurance recovery of vessel - (6.0) - (6.0) Income before loss on sale of vessel and other non-recurring items $52.6 $15.7 $100.3 $30.9 Earnings per share (before loss on sale of vessel and other non-recurring items) Basic $1.83 $0.56 $3.53 $1.10 Diluted $1.82 $0.56 $3.52 $1.10 Weighted average common shares outstanding Basic 28,778,769 28,014,925 28,411,539 28,014,122 Diluted 28,873,395 28,064,954 28,476,436 28,048,295 Page 15
17 Appendix Page 16
18 Our Trade Routes Services Acronym Routes Cargo TBS Pacific Services TPL Eastbound: Japan, South Korea and China to the West, North and East Coasts of South America Westbound: Peru and Chile to East Asia Steel products, project cargo and general cargo Minerals, metals and fertilizer TBS Latin America Service TLA Northbound: Brazil to Colombia, Venezuela, Caribbean basin and the West Coast of South Africa Southbound: Colombia to Brazil and Argentina Steel products, project cargo and general cargo Coal and petroleum coke TBS North America Service TNA North America to the Caribbean, Brazil, and Argentina Fertilizer and agricultural products TBS Middle East Carriers TME Middle East region including ports in United Arab Emirates and Qatar Bulk aggregates TBS Ocean Carriers TOC Brazil to the West Coast of Africa Bulk sugar and salt Page 17
19 Global Network & Focus on Customer Relationships Professional worldwide staff representing 42 nationalities TBS Agency/Office Network Approximately 290 worldwide employees Approximately 325 customers in more than 20 countries 18 full-time port captains Fully staffed agencies and representative offices on five continents Seoul Tokyo Shanghai Houston New York Hamilton Mexico City Dominican Republic Guatemala Caracas San Jose Bogota Quito Guayaquil Santiago Lima La Paz Sao Paulo Rio De Janeiro Buenos Aires Hamburg London Lagos Dubai Direct customer contact Long-standing customer relationships Page 18
20 Unique Fleet Offers Superior Service Current Fleet Overview 46 vessels (23 multipurpose tweendeckers and 23 handysize and handymax bulk carriers) includes two vessels to be delivered within 30 days Tweendeck optimizes floor space and cargo flexibility Self-loading/self-discharging utilizing 8-10 cbm grabs Newbuilding Fleet Retractable Tweendeck Six Roymar Class 34,000 DWT multipurpose tweendeckers with retractable tweendecks to be delivered BULK PAPER STEEL COIL LUMBER PIPES PROJECT CARGO HARD BOARD MACHINERY STEEL PLATES TRUCKS COAL Pursuing opportunities to build additional Roymar Class sister ships in China for delivery through 2011 Page 19
21 Contacts Visit our website Company Contact: Ferdinand V. Lepere Executive Vice President and Chief Financial Officer TBS International Limited Tel Investor Relations/Media: Nicolas Bornozis Capital Link, Inc., New York Tel Page 20
TBS International Limited. Jefferies 5 th Annual Shipping, Logistics & Offshore Services Conference Presentation September 17, 2008
TBS International Limited Jefferies 5 th Annual Shipping, Logistics & Offshore Services Conference Presentation September 17, 2008 Forward Looking Statements This presentation contains forward-looking
More informationExcel Maritime Reports Results for the Third Quarter and Nine Month Period Ended September 30, 2006
NEWS RELEASE for November 13, Contact: Investor Relations / Financial Media: Nicolas Bornozis President Capital Link, Inc. 230 Park Avenue Suite 1536 New York, NY 10160, USA Tel: (212) 661-7566 Fax: (212)
More informationGenco Shipping & Trading Limited
Genco Shipping & Trading Limited Q1 2006 Earnings Call May 4, 2006 Forward Looking Statements "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995 This presentation contains
More informationDryShips Inc. Informational Roadshow NASDAQ: DRYS
DryShips Inc. Informational Roadshow NASDAQ: DRYS June 2006 Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of applicable federal securities
More informationGenco Shipping & Trading Limited
Genco Shipping & Trading Limited Q3 2005 Earnings Call November 3 rd, 2005 Forward Looking Statements "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995 This presentation
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 informationGenco Shipping & Trading Limited
Genco Shipping & Trading Limited Q3 2007 Earnings Call November 1, 2007 Forward Looking Statements "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995 This presentation contains
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 informationGenco Shipping & Trading Limited. Morgan Stanley Small Cap Executive Conference June 13, 2007
Genco Shipping & Trading Limited Morgan Stanley Small Cap Executive Conference June 13, 2007 Forward Looking Statements "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995
More informationGenco Shipping & Trading Limited. Q Earnings Call February 25, 2009
Genco Shipping & Trading Limited Q4 2009 Earnings Call February 25, 2009 Forward Looking Statements "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995 This presentation
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 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 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 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 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 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 informationEPIC GAS LTD FINANCIAL STATEMENTS FOR THE INTERIM PERIOD TO 31 March 2018
EPIC GAS LTD FINANCIAL STATEMENTS FOR THE INTERIM PERIOD TO SINGAPORE, 9 May 2018 - Epic Gas Ltd. ( Epic Gas or the Company ) today announced its unaudited financial and operating results for the interim
More informationHIGHLIGHTS 1ST QUARTER 2002
1. quarter 2002 A/S Dampskibsselskabet TORM Marina Park Sundkrogsgade 10 DK-2100 Copenhagen Ø Denmark Tel: +45 39 17 92 00 Fax: +45 39 17 93 93 Telex: 22315 TORM DK E-mail: Website: Comtext: mail@torm.dk
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 informationDryShips Inc. Informational Roadshow November/December 2005 NASDAQ: DRYS
DryShips Inc. Informational Roadshow November/December 2005 NASDAQ: DRYS Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of applicable federal
More informationEPIC GAS LTD. FINANCIAL STATEMENTS FOR THE PERIOD TO June 30, 2014
EPIC GAS LTD. FINANCIAL STATEMENTS FOR THE PERIOD TO June 30, 2014 SINGAPORE, August 20, 2014 - Epic Gas Ltd. ( Epic Gas or the Company ) today announced its unaudited financial and operating results for
More informationLoss Prevention through Risk Management
Loss Prevention through Risk Management Tang Sau Weng 8 Sept 2011 Agenda > Introductions > Present market conditions > Loss Prevention > Damages survey > Conclusions CSL - Global Services RISK CONTROL
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 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 informationInvestor Presentation May Investor Presentation May 2016 Slide 1
Investor Presentation May 2016 Investor Presentation May 2016 Slide 1 Forward Looking Statements Statements made during this presentation that set forth expectations, predictions, projections or are about
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 information1 of 11 20/8/ :13 µµ
1 of 11 20/8/2015 10:13 µµ Navios Maritime Holdings Inc. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2015 MONACO -- (Marketwired) -- 08/20/15 -- Navios Maritime Holdings
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 informationPacific Basin Shipping Limited Announces 2004 Annual Results
Press Release 1 Pacific Basin Shipping Limited Announces 2004 Annual Results Hong Kong, March 1, 2005 Pacific Basin Shipping Limited ( Pacific Basin or the Company ; SEHK: 2343), one of the world s leading
More informationDRYSHIPS INC. REPORTS FIRST QUARTER 2007 RESULTS
DRYSHIPS INC. REPORTS FIRST QUARTER 2007 RESULTS May 29, 2007, Athens, Greece. DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk cargoes, today announced its
More informationStealthGas Inc Page 1
Page 1 Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of applicable federal securities laws. Such statements are based upon current expectations
More informationFor the Third Quarter ended December 31, NYK Fact Book Ⅱ 2017
217 For the Third Quarter ended December 31, 217 NYK Fact Book Ⅱ 217 Contents page 1 Comparison of Consolidated Performance to Forecasts 2 Consolidated Financial Highlights and Indicators 4 Financial Information
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 informationForward Looking Statements
Eagle Bulk Shipping Inc. 3Q 2005 Results Presentation November 14, 2005 Forward Looking Statements This presentation contains certain statements that may be deemed to be forward-looking statements within
More information4 th Quarter and FY 2013 Financial Results
NASDAQ: SBLK 4 th Quarter and FY 2013 Financial Results March 2014 Safe Harbor Statement Except for the historical information contained herein, this presentation contains among other things, certain forward-looking
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 informationDryShips Inc. NASDAQ: DRYS George Economou, CEO. Jefferies & Co. 4 th Annual Shipping Conference, New York, September, 2007
DryShips Inc. NASDAQ: DRYS George Economou, CEO Jefferies & Co. 4 th Annual Shipping Conference, New York, 25-26 September, 2007 Forward Looking Statements Matters discussed in this presentation may constitute
More informationGolar LNG Interim Report September 2003
Golar LNG Interim Report September THIRD QUARTER AND NINE MONTHS RESULTS Golar LNG reports net income of $7.1 million for the three months ended September 30, and operating income of $12.0 million as compared
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 informationGenco Shipping & Trading Limited. Q Earnings Call February 28 th, 2018
Genco Shipping & Trading Limited Q4 2017 Earnings Call February 28 th, 2018 Forward Looking Statements "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995 This presentation
More informationGenco Shipping & Trading Limited
Genco Shipping & Trading Limited Q4 2007 Earnings Call February 14, 2008 Forward Looking Statements "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995 This presentation
More informationEuroDry Ltd. Reports Results for the Nine-Month Period and Quarter Ended September 30, 2018
Reports Results for the Nine-Month Period and Quarter 30, 2018 Maroussi, Athens, Greece November 15, 2018 (NASDAQ: EDRY, the Company or EuroDry ), an owner and operator of drybulk vessels and provider
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 10-K/A
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A Amendment No. 2 x Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal
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 informationGLOBUS MARITIME LIMITED
GLOBUS MARITIME LIMITED Globus Maritime Limited Reports Financial Results for the Quarter Ended March 31, 2015 Athens, Greece June 22, 2015, Globus Maritime Limited ("Globus," the Company," we, or our
More informationGenco Shipping & Trading Limited. Stephens Inc. Fall Investment Conference November 18, 2008
Genco Shipping & Trading Limited Stephens Inc. Fall Investment Conference November 18, 2008 Forward Looking Statements "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995
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 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 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 informationGenco Shipping & Trading Limited. Genco Unlimited On a course for success
Genco Shipping & Trading Limited Genco Unlimited On a course for success October 2017 Forward Looking Statements "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995 This
More informationGenco Shipping & Trading Limited
Genco Shipping & Trading Limited JPMorgan Aviation & Transportation Conference March 19, 2008 Forward Looking Statements "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995
More informationGenco Shipping & Trading Limited. Annual Report 2012
Genco Shipping & Trading Limited Annual Report 2012 Genco Shipping & Trading Limited Genco Shipping & Trading Limited transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide
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 informationGLOBUS MARITIME LIMITED
GLOBUS MARITIME LIMITED Globus Maritime Limited Reports Financial Results for the Quarter and Nine-Month Period Ended 2018 Athens, Greece, November 12, 2018, Globus Maritime Limited ( Globus, the Company,
More informationGLOBUS MARITIME LTD. Globus Maritime Limited Reports Financial Results for the Year Ended December 31, 2007
Globus Maritime Limited Reports Financial Results for the Year Ended December 31, 2007 Athens, Greece, March 3, 2008. Globus Maritime Limited ("Globus" or "the Company"), (AIM: GLBS), a marine transportation
More informationQ Financial Results
Q3 2014 Financial Results Management Team Polys Hajioannou Chairman and CEO Dr. Loukas Barmparis President Konstantinos Adamopoulos Chief Financial Officer Ioannis Foteinos Chief Operating Officer Forward
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 informationEuroseas Ltd. Reports Results for the Year and Quarter Ended December 31, 2017
Euroseas Ltd. Reports Results for the Year and Quarter Ended 2017 Maroussi, Athens, Greece March 5, 2018 Euroseas Ltd. (NASDAQ: ESEA) (the Company or Euroseas ), an owner and operator of drybulk and container
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 informationEPIC GAS LTD PRELIMINARY FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED 31 December 2017
EPIC GAS LTD PRELIMINARY FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED 31 December 2017 SINGAPORE, 14 February 2018 - Epic Gas Ltd. ( Epic Gas or the Company ) today announced its unaudited financial
More informationOur common shares began trading under the symbol PXS on November 2, 2015.
Pyxis Tankers Inc. Announces Financial Results for the Three Months and Twelve Months Ended December 31, 2015 Maroussi, Greece, March 2, 2016 Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an emerging growth
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 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 informationNet interest-bearing debt amounted to USD 1,871 million in the first quarter of 2013, compared to USD 1,868 million as at 31 December 2012.
Interim report for the first quarter 2013 In the first quarter of 2013, TORM realized a positive EBITDA of USD 36 million and a loss before tax of USD 16 million. The seasonally strong first quarter in
More informationLooking Ahead: Key Themes for the Drybulk Market
Marine Money Ship Finance Forum November 12 th, 2014 Looking Ahead: Key Themes for the Drybulk Market Forward Looking Statements This presentation contains certain statements that may be deemed to be 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 informationEagle Bulk Shipping Inc. 2Q 2008 Results Presentation. 7 August 2008
Eagle Bulk Shipping Inc. 2Q 2008 Results Presentation 7 August 2008 Forward Looking Statements This presentation contains certain statements that may be deemed to be forward-looking statements within the
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 informationWachovia Transportation & Packaging Conference 8 September Eagle Bulk Shipping Inc. Eagle Bulk Shipping Inc. DELIVERING SUSTAINABLE GROWTH
Eagle Bulk Shipping Inc. Wachovia Transportation & Packaging Conference 8 September 2008 DELIVERING SUSTAINABLE GROWTH Forward Looking Statements This presentation contains certain statements that may
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 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 informationAegean Marine Petroleum Network Inc. Announces Second Quarter 2017 Financial Results
Aegean Marine Petroleum Network Inc. Announces Second Quarter 2017 Financial Results New York, NY, August 10, 2017 Aegean Marine Petroleum Network Inc. (NYSE: ANW) ( Aegean or the Company ) today announced
More informationQ Financial Results
Q2 2015 Financial Results Management Team Polys Hajioannou Chairman and CEO Dr. Loukas Barmparis President Konstantinos Adamopoulos Chief Financial Officer Ioannis Foteinos Chief Operating Officer Forward
More informationNavios Maritime Partners L.P. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2018
Navios Maritime Partners L.P. Reports Financial Results for the Second Quarter and s Ended Revenue: $58.2 million in Q2; $111.2 million for the six months Net cash from operating activities: $24.8 million
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. 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 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 informationEEX Group Global Commodities
EEX Group Global Commodities EEX Group Freight The European Energy Exchange The European Energy Exchange is the Commodities exchange of Deutsche Börse Group. EEX offers a one-stop shop for power, natural
More informationSafe Bulkers, Inc. Reports First Quarter 2012 Results and Declares Quarterly Dividend
Safe Bulkers, Inc. Reports First Quarter 2012 Results and Declares Quarterly Dividend Athens, Greece May 8, 2012 -- Safe Bulkers, Inc. (the Company ) (NYSE: SB), an international provider of marine drybulk
More information3 rd Quarter and 9 Months 2010 Financial Results
3 rd Quarter and 9 Months 2010 Financial Results NASDAQ: SBLK November 2010 Safe Harbor Statement Except for the historical information contained herein, this presentation contains among other things,
More informationGLOBUS MARITIME LIMITED
GLOBUS MARITIME LIMITED Globus Maritime Limited Reports Financial Results for the Quarter and Six Months Ended June 30, 2013 Athens, Greece September 3, 2013, Globus Maritime Limited ("Globus," the Company,"
More informationTORM REPORTS NINE MONTHS RESULTS IN LINE WITH EXPECTATIONS AND MAINTAINS OUTLOOK FOR THE YEAR.
3. quarter 2002 A/S Dampskibsselskabet TORM Marina Park Sundkrogsgade 10 DK-2100 Copenhagen Ø Denmark Tel: +45 39 17 92 00 Fax: +45 39 17 93 93 Telex: 22315 TORM DK E-mail: Website: Comtext: mail@torm.dk
More informationGENCO SHIPPING & TRADING LIMITED (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event
More informationRAND LOGISTICS REPORTS THIRD QUARTER FISCAL YEAR 2013 FINANCIAL RESULTS
Rand Logistics, Inc. RAND LOGISTICS REPORTS THIRD QUARTER FISCAL YEAR 2013 FINANCIAL RESULTS Operating Income Plus Depreciation and Amortization Increased by 1.3% on a Year-To-Date Basis New York, NY February
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 informationGeneral Maritime Corporation
General Maritime Corporation Third Quarter 2008 Earnings Call October 30, 2008 1 Today s presentation and discussion will contain forward-looking statements within the meaning of the Private Securities
More informationTEEKAY TANKERS LTD. REPORTS THIRD QUARTER 2015 RESULTS
TEEKAY TANKERS LTD. REPORTS THIRD QUARTER 2015 RESULTS Highlights Reported third quarter 2015 adjusted net income attributable to shareholders (1) of $40.3 million, or $0.30 per share, compared to $2.6
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 informationBaltic Trading Limited
Baltic Trading Limited Annual Report 2011 Baltic Trading Limited is a drybulk company focused on the spot charter market. Baltic Trading transports iron ore, coal, grain, steel products and other drybulk
More informationTEEKAY TANKERS LTD. 4th Floor, Belvedere Building, 69 Pitts Bay Road Hamilton, HM 08, Bermuda EARNINGS RELEASE
TEEKAY TANKERS LTD. 4th Floor, Belvedere Building, 69 Pitts Bay Road Hamilton, HM 08, Bermuda EARNINGS RELEASE TEEKAY TANKERS LTD. REPORTS FIRST QUARTER 2013 RESULTS Highlights Reported first quarter 2013
More informationGENCO SHIPPING & TRADING LIMITED (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationInvestor Presentation December 2014
Investor Presentation December 2014 Disclosures and Forward Looking Statements This presentation contains certain statements that may be deemed to be forward-looking statements within the meaning of the
More informationTEN LTD. REPORTS THIRD QUARTER AND NINE MONTHS 2018 RESULTS. Positive Operating Income in a Challenging Environment
T E N, L t d. 367 Syngrou Avenue, 175 64 P. Faliro, Greece Tel: 30210 94 07 710-3, Fax: 30210 94 07 716, e-mail: ten@tenn.gr Website: http://www.tenn.gr Press Release November 30, 2018 TEN LTD. REPORTS
More informationNavios Maritime Partners L.P. Reports Financial Results for the Second Quarter Ended June 30, 2014
Navios Maritime Partners L.P. Reports Financial Results for the Second Quarter Ended $117.7 million acquisition of two 8,200 TEU container vessels Net Income EBITDA Chartered-out for minimum four years
More informationGLOBUS MARITIME LIMITED
GLOBUS MARITIME LIMITED Globus Maritime Limited Reports Financial Results for the Quarter Ended March 31, 2017 Athens, Greece, July 6, 2017, Globus Maritime Limited ("Globus," the Company," we, or our
More informationBW LPG Limited con. Condensed Consolidated Interim Financial Information Q3 2017
Q2 BW LPG Limited con Condensed Consolidated Interim Financial Information This report is not for release, publication or distribution (directly or indirectly) in or to the United States, Canada, Australia
More informationGenco Shipping & Trading Limited. Genco Shipping & Trading Limited
Genco Shipping & Trading Limited Genco Shipping & Trading Limited Investor Day December 11, 2006 Forward Looking Statements "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of
More informationAegean Marine Petroleum Network Inc. Announces Fourth Quarter 2017 Financial Results
Aegean Marine Petroleum Network Inc. Announces Fourth Quarter 2017 Financial Results Reiterates Financial and Operational Benefits of HEC Transaction New York, NY, March 7, 2018 Aegean Marine Petroleum
More information