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Old 07-17-2008, 06:00 PM
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Re: Dry Bulk Shipping VII

Genco Shipping & Trading Limited (GNK) announced today that it will hold a conference call to discuss the Company's results for the second quarter of 2008 on Thursday, July 31, 2008 at 8:30 a.m. Eastern Time.

The conference call will also be broadcast live over the Internet and include a slide presentation.

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Genco Shipping also today announced that it has taken delivery of the Genco Cavalier, a 2007-built Supramax vessel. The Genco Cavalier is the second vessel to be delivered to the Company under Genco's agreements previously announced on May 12, 2008 to acquire three drybulk vessels from Bocimar International N.V. and Delphis N.V.

The Genco Cavalier is expected to be delivered to its charterer, Samsun Logix Corporation, on or about July 19, 2008, to commence a time charter for 24 to 26.5 months at a cash rate of $48,500 per day, less a 5% third party brokerage commission. The charter is due to expire between July 2010 and October 2010.

The following table reflects ....

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Old 07-19-2008, 01:50 PM
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For four years in succession, Dampskibsselskabet NORDEN A/S is among the world’s best at c

For four years in succession, Dampskibsselskabet NORDEN A/S is among the world’s best at creating financial results. This is the fourth successive year that NORDEN receives a top ranking spot in the respected magazine Marine Money International’s listing of all listed shipping companies’ and groups’ ability to create financial results. The analysis is presented this week at the magazine’s annual conference Marine Week in New York. In 2007, NORDEN ranks as the second best worldwide on the prestigious list against a second place in 2006, a fifth place in 2005 and a third place in 2004.
Thus, NORDEN is the only shipping company which is in the top 5 four years running.
"Across segments and countries, we are once again achieving a top position amongst strong competitors. This signifies that our business model and strategy with consistent focus on the long haul contribute to the continued creation of strong and robust financial performance from our side. Though NORDEN delivers and has delivered good results in absolute terms, it is just as important to me that we consistently perform well compared to our competitors. Our vision is to be the leading shipping company within our field, and recent years’ top rankings on Marine Money’s lists help stress that we are on the right course,” says Carsten Mortensen, President and CEO.

full press release


Chart for Norden (trades in Danish Kroners)
[for more information on this company, which trades over the counter here and on the Copenhagen exchange, search this forum.]

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Old 07-21-2008, 02:01 PM
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Re: Dry Bulk Shipping VII

OceanFreight Inc. Announces Long-Term Time Charter Contract

ATHENS, Greece, OceanFreight Inc. (NASDAQ:OCNF), a global provider of seaborne transportation services, today announced that it has entered into a time charter contract for the Panamax dry bulk carrier, M/V Augusta, at a gross rate of US$42,100 per day for a period of approximately three years. This contract is expected to generate about US$46 million of gross revenues over the term of the charter. The charter is expected to commence...read more

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Old 07-22-2008, 12:27 PM
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Re: Dry Bulk Shipping VII

DryShips Inc. announces closing for the financing of two Newbuilding Ultra Deep Water Drillships

DryShips Inc. (NASDAQ: DRYS) today announced the closing of a senior secured credit facility of US$ 1,125 billion jointly arranged by Deutsche Bank AG - Global Principal Finance, London and Dexia Crédit Local, New York Branch for the financing of the two ultra-deep water drillships under construction at Samsung Heavy Industries. The drillships – which are designed to drill up to 10,000 feet and 35,000 feet of drilling depth – are scheduled to be delivered in the third quarter of 2011, as previously announced. Once delivered, the vessels will be operated by Ocean Rig, which was recently acquired by DryShips. Mr. George Economou, Chairman and CEO of DryShips Inc., commented: “I am very pleased with this financing that has been successfully completed despite the tightness of the global credit markets. We appreciate the support shown by all the participating banks of the syndicate and we want to thank them for their commitment shown to DryShips.”

DryShips, Inc.

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Old 07-23-2008, 09:06 AM
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Re: Dry Bulk Shipping VII

BDI Options Now Being Traded

Hellenic Shipping News - Worldwide Online Daily Newspaper on Hellenic and International Shipping

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