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Euroseas Ltd. Announces a Minimum Two-Month $200,000 per day Charter Contract for M/V Synergy Oakland, a 4,250 teu Container Vessel, built in 2009

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Euroseas Ltd. Announces a Minimum Two-Month $200,000 per day Charter Contract for M/V Synergy Oakland, a 4,250 teu Container Vessel, built in 2009

 

ATHENS, Greece, Sept. 08, 2021 (GLOBE NEWSWIRE) — Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today a new time charter contract for its container vessel M/V Synergy Oakland. Specifically, M/V Synergy Oakland, a 4,250 TEU vessel built in 2009, entered into a new time charter contract for a period between a minimum of sixty (60) days and a maximum of eighty five (85) days at the option of the charterer, at a gross daily rate of $202,000 or $195,000 depending on where the vessel will be delivered to the charterer. The new rate will commence in the second half of October 2021 when the vessel is redelivered from its current charter.

Aristides Pittas, Chairman and CEO of Euroseas commented:
“We are pleased to announce the new charter for M/V Synergy Oakland for about two to three months at a daily rate of about $200,000 per day. This is the highest time charter rate ever achieved by any vessel in our fleet and one of the highest rates ever achieved in our industry. This new charter secures a minimum of $12m of contracted revenue over two months and, possibly, up to $17m if the maximum period of the charter is chosen by the charterer. At the same time, Euroseas is well positioned to take advantage of a further rising market with five ships, including M/V Synergy Oakland after the expiration of its new charter, opening in the next six months.”

Fleet Profile:

After the delivery of M/V Piraeus Trader to its fleet, the Euroseas Ltd. fleet profile will be as follows:

Name

Type

Dwt

TEU

Year
Built

Employment(*)

TCE Rate ($/day)

Container Carriers

AKINADA BRIDGE(*)

Intermediate

71,366

5,610

2001

TC until Oct-21
TC until Oct-22

$17,250
$20,000

SYNERGY BUSAN(*)

Intermediate

50,726

4,253

2009

TC until Aug-21
TC until Aug-24

$12,000
$25,000

SYNERGY ANTWERP(*)

Intermediate

50,726

4,253

2008

TC until Sep-23

$18,000

SYNERGY OAKLAND(+)(*)

Intermediate

50,787

4,253

2009

TC until Oct-21
TC until Dec-21

$64,660
$195,000 or
$202,00

SYNERGY KEELUNG(+)

Intermediate

50,969

4,253

2009

TC until Jun-22
plus 8-12 months
option

$11,750
option $14,500

EM KEA(*)

Feeder

42,165

3,100

2007

TC until May-23

$22,000

EM ASTORIA(+)

Feeder

35,600

2,788

2004

TC until Feb-22

$18,650

EVRIDIKI G(+)

Feeder

34,677

2,556

2001

TC until Jan-22

$15,500

EM CORFU(+)

Feeder

34,654

2,556

2001

TC until Nov-21

$10,200

DIAMANTIS P(*)

Feeder

30,360

2,008

1998

TC until Oct-24

$27,000

EM SPETSES(*)

Feeder

23,224

1,740

2007

TC until Aug-24

$29,500

JONATHAN P (ex-PIRAEUS TRADER)(*)

Feeder

23,357

1,740

2006

TC until Oct-24

$26,662(**)

EM HYDRA(*)

Feeder

23,351

1,740

2005

TC until Apr-23

$20,000

JOANNA(*)

Feeder

22,301

1,732

1999

TC until Oct-22

$16,800

AEGEAN EXPRESS(*)

Feeder

18,581

1,439

1997

TC until Mar-22

$11,500

Total Container Carriers
on the Water

15

562,844

44,021

Vessels under construction

Type

Dwt

TEU

To be delivered

H4201

Feeder

37,237

2,800

Q1 2023

H4202

Feeder

37,237

2,800

Q2 2023

Note:
(*) TC denotes time charter. Charter duration indicates the earliest redelivery date; All dates listed are the earliest redelivery dates under each TC unless the contract rate is lower than the current market rate in which cases the latest redelivery date is assumed; vessels with the latest redelivery date shown are marked by (+).
(***) Rate is net of commissions (which are typically 5-6.25%). The vessel is expected to be delivered to the Company in October 2021.

About Euroseas Ltd.
Euroseas Ltd. was formed on May 5, 2005 under the laws of the Republic of the Marshall Islands to consolidate the ship owning interests of the Pittas family of Athens, Greece, which has been in the shipping business over the past 140 years. Euroseas trades on the NASDAQ Capital Market under the ticker ESEA.

Euroseas operates in the container shipping market. Euroseas’ operations are managed by Eurobulk Ltd., an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. Euroseas employs its vessels on spot and period charters and through pool arrangements.

After the delivery of M/V Jonathan P, the Company will have a fleet of 15 vessels comprising of 10 Feeder and 5 Intermediate containerships. Euroseas 15 containerships have a cargo capacity of 44,021 teu. Furthermore, after the delivery of two feeder containership newbuildings in the first half of 2023, Euroseas fleet will consist of 17 vessels with a total carrying capacity of 49,621 teu.

Forward Looking Statement
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company’s growth strategy and measures to implement such strategy; including expected vessel acquisitions and entering into further time charters. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to changes in the demand for containerships, competitive factors in the market in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Visit our website www.euroseas.gr

Company Contact

Investor Relations / Financial Media

Tasos Aslidis
Chief Financial Officer
Euroseas Ltd.
11 Canterbury Lane,
Watchung, NJ 07069
Tel. (908) 301-9091
E-mail: aha@euroseas.gr

Nicolas Bornozis
President
Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, NY 10169
Tel. (212) 661-7566
E-mail: nbornozis@capitallink.com

Coinbase Receives an Enforcement Letter from the SEC

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	Image Credit: Marco Verch (Flickr)

The Wells Notice to Coinbase May be the Tip of the Regulatory Iceberg

 

Shares of Coinbase Global fell sharply on Wednesday after the SEC filed a Wells notice naming the company. A Wells notice is a letter from the regulator to firms when it’s planning on bringing an enforcement action against them. The letter is issued after an investigation to notify the firm that they have concluded they should be charged.

The message from the SEC is they would sue the cryptocurrency exchange if it moved forward with a plan to provide users interest on crypto assets. Coinbase has been advertising and was weeks away from launching an interest-bearing product. The SEC’s move, which questions whether popular, fast-growing practices offered by crypto platforms are legal, places the value of Coinbase and others in question. Coinbase went public in mid-April with a valuation of $86 billion and a closing price of $328 per share. By midday on the day of the announcement (Sept. 8), shares were trading at $260.8 and a valuation of $68.3 billion.

The concern by the SEC is not new. Paying interest on asset lending is traditionally the place of the highly regulated banking industry. Today’s Wells notice represents a more diligent intent to reel in activities in the crypto space. Part of the confusion is A number of different agencies oversee cryptocurrency.  The Commodity Futures Trading Commission (CFTC) has in the past regulated digital currencies as commodities. The Securities and Exchange Commission (SEC) requires registration of any digital currency traded in the U.S. if it is classified as a security and of any trading platform that meets the Commission’s definition of an exchange. The Internal Revenue Service (IRS) also involves itself in tax matters. Regulatory oversight could also include the Financial Crimes Enforcement Network (FINCEN).

 

Tweet by Brian Armstrong co-Founder & CEO Coinbase

 

SEC Chairman Gary Gensler, has followed his predecessor’s logic in thinking that cryptocurrencies are securities.  In an interview with Barron’s last week, Gensler noted that the SEC has already taken action against 75 or 80 crypto coins. When asked why the rules aren’t solidified across the board, the SEC head said, “Every case has facts and circumstances, every case has to be very carefully put together, and so forth,” Gensler said. “Our laws are clear. And yet, it still takes the time, month after month to put them together.” This lack of overall guidance adds to the risk of launching a crypto coin with good intent. Gensler also urged the trading platforms to speak with the SEC about products.

 

Tweet by Brian Armstrong co-Founder & CEO Coinbase

 

Coinbase CEO Brian Armstrong wrote on Twitter that he tried to meet with the SEC in May but was rebuffed. When the company did tell the SEC about its plan to offer interest-bearing accounts, the agency said the product was a security and then “refuse[d] to tell us why they think it’s a security,” Armstrong wrote, calling the episode “sketchy behavior.”

Because of the Wells notice from the SEC, Coinbase is now expected to delay the launch of its interest-bearing product “until at least October,” wrote the company’s chief legal officer, Paul Grewal, in a blog post.  

Cryptocurrencies are still new, and regulators are engaged in a tug-of-war of sorts with companies as well as other officiating entities. As matters like this resolve, it will open the door for others that at least know what the ground rules are. The greater risks/reward belongs to the pioneers. 

 

Suggested Reading:



Is Interest Paid on Crypto Holdings an SEC Violation?



What’s in the Surprise Cryptocurrency Bill?





The Coinbase Nasdaq Listing Could be a Gamechanger

When was the Shortest Recession in Your Lifetime?

 

Sources:

https://medium.com/global-id/gid-report-170-a-bombshell-in-the-battle-for-the-future-of-crypto-2eb78259300b

https://www.cnn.com/2021/04/14/investing/coinbase-stock-direct-listing/index.html

https://www.sec.gov/news/public-statement/peirce-roisman-coinschedule

https://twitter.com/brian_armstrong/status/1435439291715358721

https://www.barrons.com/articles/coinbase-stock-price-sec-wells-notice-51631106089?mod=hp_LEAD_1

 

Stay up to date. Follow us:

 

Advertising Results are Becoming a Guessing Game on Some Social Media

Posted on by Admin

How Social Media Advertisers are Adjusting to Greater Privacy Provided by Cell Phones

 

Facebook and Google, the world’s most envied data harvesters, along with other tech companies, are beginning to feel the effects of the change in  Apple’s iOS system. During the spring, Apple updated their iOS to not automatically share data in apps unless the user opted in.  Four months have passed since the rollout and tech companies and their advertisers are beginning to understand the impact of the change.

A major challenge prompted by Apple’s privacy move is whether a specific purchase of a product can be tied to a customer seeing an ad on the media outlet. At issue is determining conversion rates. Advertisers have been using this data to determine the return on ad spending. The ratio of conversions per dollar spent has been basic to advertising on social media. In fact, it is one of the big reasons social media and other tech platforms have pulled some spending away from more traditional print and broadcast. Advertisers could more accurately follow the trail from spending on an ad to how many have seen the ad, then whether a purchase stems from interaction with the ad.

The new iPhones all come with the operating system. According to Flurry, an app analytics company, the opt-in rate allowing tracking is less than 25%. According to Counterpoint, Apple accounted for 14.3% of phone sales in 2021 through June.

 

The challenge now for all ad platforms is that they are not as easily able to prove full benefit to advertisement purchasers. For the percentage of users that are continuing to opt-out of tracking, their information is unavailable or becomes a statistical “guess.” Put another way, they are virtually invisible to companies like Snapchat, TikTok, Pinterest, et al. In effect, it is no different from advertising dollars spent on print (magazines, newspapers, billboards, direct mail) and broadcast (television, radio).

As the biggest name in this type of advertising, Facebook/Instagram had an additional glitch with their count. It specifically caused a “Bug” that was recognized in August. Facebook said it was corrected last week.  Part of the solution is to use statistical modeling to estimate activity. Facebook noted on their bug page: 

 

“With this update, statistical modeling will be used to estimate associated values of additional modeled conversions where events cannot be observed directly (for example, where conversion data may be partial or missing due to data transmission limitations). As a result, you may see an increase in reported conversion values and other associated metrics like [Return on Ad Spend.] This update should help our bidding system learn from more representative data, which should then lead to more efficient performance.”

 

Estimates and statistical modeling by their very nature provide less information for advertisers to go on. This does not serve the digital media companies’ business well. In some cases, Facebook is working directly with brands to test programs that analyze pools of purchase data from a brand. The pools don’t provide data on individuals, it then reports average return on ad spend.

Take-Away

There is an information gap that is growing between advertisers on social media platforms including other big tech and how successful those ads are performing. Determining results is less apt to be a direct measurement and more a statistical model’s results. Individual data, in particular, is harder to come as data batching is used more. 

Suggested Reading:



Could $Hood Survive if PFOF Goes POOF?

Your Data is Used to Generate Big Returns





How Fast are People Cutting the Cord

Digital Media and Entertainment Industry Outlook

 

Sources:

https://www.flurry.com/blog/ios-14-5-opt-in-rate-idfa-app-tracking-transparency-weekly/

https://newsnationusa.com/news/finance/banking/facebook-says-measurement-bug-caused-it-to-undercount-ad-performance-on-iphone-12s-since-february/

https://www.youtube.com/watch?v=Ihw_Al4RNno

https://adage.com/article/digital-marketing-ad-tech-news/facebooks-ad-bug-issue-advertisers-under-apples-privacy-rules/2361826

https://www.forbes.com/sites/zakdoffman/2021/09/04/apple-iphone-13-and-iphone-14-upgrades-affected-by-new-ios-15-privacy-backlash/?sh=20489fac4307

https://www.cnn.com/2021/04/26/tech/apple-tracking-transparency-feature/index.html

https://www.counterpointresearch.com/xiaomi-becomes-1-smartphone-brand-globally-first-time-ever/

 

Stay up to date. Follow us:

 

Release – Euroseas Ltd. Announces a Minimum Two-Month $200000 per day Charter Contract for MV Synergy Oakland

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Euroseas Ltd. Announces a Minimum Two-Month $200,000 per day Charter Contract for M/V Synergy Oakland, a 4,250 teu Container Vessel, built in 2009

 

ATHENS, Greece, Sept. 08, 2021 (GLOBE NEWSWIRE) — Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today a new time charter contract for its container vessel M/V Synergy Oakland. Specifically, M/V Synergy Oakland, a 4,250 TEU vessel built in 2009, entered into a new time charter contract for a period between a minimum of sixty (60) days and a maximum of eighty five (85) days at the option of the charterer, at a gross daily rate of $202,000 or $195,000 depending on where the vessel will be delivered to the charterer. The new rate will commence in the second half of October 2021 when the vessel is redelivered from its current charter.

Aristides Pittas, Chairman and CEO of Euroseas commented:
“We are pleased to announce the new charter for M/V Synergy Oakland for about two to three months at a daily rate of about $200,000 per day. This is the highest time charter rate ever achieved by any vessel in our fleet and one of the highest rates ever achieved in our industry. This new charter secures a minimum of $12m of contracted revenue over two months and, possibly, up to $17m if the maximum period of the charter is chosen by the charterer. At the same time, Euroseas is well positioned to take advantage of a further rising market with five ships, including M/V Synergy Oakland after the expiration of its new charter, opening in the next six months.”

Fleet Profile:

After the delivery of M/V Piraeus Trader to its fleet, the Euroseas Ltd. fleet profile will be as follows:

Name

Type

Dwt

TEU

Year
Built

Employment(*)

TCE Rate ($/day)

Container Carriers

AKINADA BRIDGE(*)

Intermediate

71,366

5,610

2001

TC until Oct-21
TC until Oct-22

$17,250
$20,000

SYNERGY BUSAN(*)

Intermediate

50,726

4,253

2009

TC until Aug-21
TC until Aug-24

$12,000
$25,000

SYNERGY ANTWERP(*)

Intermediate

50,726

4,253

2008

TC until Sep-23

$18,000

SYNERGY OAKLAND(+)(*)

Intermediate

50,787

4,253

2009

TC until Oct-21
TC until Dec-21

$64,660
$195,000 or
$202,00

SYNERGY KEELUNG(+)

Intermediate

50,969

4,253

2009

TC until Jun-22
plus 8-12 months
option

$11,750
option $14,500

EM KEA(*)

Feeder

42,165

3,100

2007

TC until May-23

$22,000

EM ASTORIA(+)

Feeder

35,600

2,788

2004

TC until Feb-22

$18,650

EVRIDIKI G(+)

Feeder

34,677

2,556

2001

TC until Jan-22

$15,500

EM CORFU(+)

Feeder

34,654

2,556

2001

TC until Nov-21

$10,200

DIAMANTIS P(*)

Feeder

30,360

2,008

1998

TC until Oct-24

$27,000

EM SPETSES(*)

Feeder

23,224

1,740

2007

TC until Aug-24

$29,500

JONATHAN P (ex-PIRAEUS TRADER)(*)

Feeder

23,357

1,740

2006

TC until Oct-24

$26,662(**)

EM HYDRA(*)

Feeder

23,351

1,740

2005

TC until Apr-23

$20,000

JOANNA(*)

Feeder

22,301

1,732

1999

TC until Oct-22

$16,800

AEGEAN EXPRESS(*)

Feeder

18,581

1,439

1997

TC until Mar-22

$11,500

Total Container Carriers
on the Water

15

562,844

44,021

Vessels under construction

Type

Dwt

TEU

To be delivered

H4201

Feeder

37,237

2,800

Q1 2023

H4202

Feeder

37,237

2,800

Q2 2023

Note:
(*) TC denotes time charter. Charter duration indicates the earliest redelivery date; All dates listed are the earliest redelivery dates under each TC unless the contract rate is lower than the current market rate in which cases the latest redelivery date is assumed; vessels with the latest redelivery date shown are marked by (+).
(***) Rate is net of commissions (which are typically 5-6.25%). The vessel is expected to be delivered to the Company in October 2021.

About Euroseas Ltd.
Euroseas Ltd. was formed on May 5, 2005 under the laws of the Republic of the Marshall Islands to consolidate the ship owning interests of the Pittas family of Athens, Greece, which has been in the shipping business over the past 140 years. Euroseas trades on the NASDAQ Capital Market under the ticker ESEA.

Euroseas operates in the container shipping market. Euroseas’ operations are managed by Eurobulk Ltd., an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. Euroseas employs its vessels on spot and period charters and through pool arrangements.

After the delivery of M/V Jonathan P, the Company will have a fleet of 15 vessels comprising of 10 Feeder and 5 Intermediate containerships. Euroseas 15 containerships have a cargo capacity of 44,021 teu. Furthermore, after the delivery of two feeder containership newbuildings in the first half of 2023, Euroseas fleet will consist of 17 vessels with a total carrying capacity of 49,621 teu.

Forward Looking Statement
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company’s growth strategy and measures to implement such strategy; including expected vessel acquisitions and entering into further time charters. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to changes in the demand for containerships, competitive factors in the market in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Visit our website www.euroseas.gr

Company Contact

Investor Relations / Financial Media

Tasos Aslidis
Chief Financial Officer
Euroseas Ltd.
11 Canterbury Lane,
Watchung, NJ 07069
Tel. (908) 301-9091
E-mail: aha@euroseas.gr

Nicolas Bornozis
President
Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, NY 10169
Tel. (212) 661-7566
E-mail: nbornozis@capitallink.com

Release – Seanergy Takes Delivery of its 17th Capesize MV Worldship with Immediate Commencement of Period Charter

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Seanergy Takes Delivery of its 17th Capesize, M/V Worldship, with Immediate Commencement of Period Charter

 

September 8, 2021 – Glyfada, Greece – Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) (NASDAQ: SHIP) announced today that it took delivery of the previously-announced Capesize vessel acquisition, the M/V Worldship (the “Vessel”). The Vessel is a 181,415 dwt Capesize bulk carrier, built in 2012 by Imabari of Japan. The M/V Worldship is the sixth Capesize delivery that Seanergy has successfully completed in 2021 to-date.

M/V Worldship has already entered a time charter (“T/C”) with an existing charterer of the Company, at a gross fixed rate of $31,750 per day for a period of about 12 to about 16 months from the delivery.

The purchase price has been funded with cash on hand, while Seanergy is in advanced discussions with a leading bank for financing part of the acquisition cost at competitive terms.

Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:

“I am pleased to announce the addition of the seventeenth Capesize vessel to our fleet and the concurrent commencement of her period employment. Including this delivery and the sale of the M/V Leadership, 94% percent of our fleet is employed under period time charters, 87% of which are index-linked T/Cs. This allows us to fully utilize our fleet in order to capitalize on the robust market rates.

We are excited to see the strongest Capesize market of the last 11 years, with daily rates exceeding $45,000, which affirms our commercial strategy.

Based on the prevailing Capesize supply-demand fundamentals, we remain confident about the prospects of our market for the years to come.”

Company fleet, following the delivery of M/V Leadership to the new owners:

Vessel Name Vessel Class Capacity (DWT) Year Built Yard Employment
Patriotship Capesize 181,709 2010 Imabari T/C – fixed rate
Worldship Capesize 181,415 2012 Koyo – Imabari T/C – fixed rate
Hellasship Capesize 181,325 2012 Imabari T/C Index Linked
Fellowship Capesize 179,701 2010 Daewoo T/C Index Linked
Championship Capesize 179,238 2011 Sungdong SB T/C Index Linked
Partnership Capesize 179,213 2012 Hyundai T/C Index Linked
Knightship Capesize 178,978 2010 Hyundai T/C Index Linked
Lordship Capesize 178,838 2010 Hyundai T/C Index Linked
Goodship Capesize 177,536 2005 Mitsui Voyage/Spot
Friendship Capesize 176,952 2009 Namura T/C Index Linked
Tradership Capesize 176,925 2006 Namura T/C Index Linked
Flagship Capesize 176,387 2013 Mitsui T/C Index Linked
Gloriuship Capesize 171,314 2004 Hyundai T/C Index Linked
Geniuship Capesize 170,057 2010 Sungdong SB T/C Index Linked
Premiership Capesize 170,024 2010 Sungdong SB T/C Index Linked
Squireship Capesize 170,018 2010 Sungdong SB T/C Index Linked
Total / Average age   2,829,630 11.5    

About Seanergy Maritime Holdings Corp.

Seanergy Maritime Holdings Corp. is the only pure-play Capesize ship-owner publicly listed in the US. Seanergy provides marine dry bulk transportation services through a modern fleet of Capesize vessels. Following the delivery of M/V Leadership to the new owners, the Company’s operating fleet will consist of 16 Capesize vessels with an average age of 11.5 years and aggregate cargo carrying capacity of approximately 2,829,630 dwt.

The Company is incorporated in the Marshall Islands and has executive offices in Glyfada, Greece. The Company’s common shares trade on the Nasdaq Capital Market under the symbol “SHIP”, its Class A warrants under “SHIPW” and its Class B warrants under “SHIPZ”.

Please visit our company website at: www.seanergymaritime.com.

Forward-Looking Statements

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events. Words such as “may”, “should”, “expects”, “intends”, “plans”, “believes”, “anticipates”, “hopes”, “estimates” and variations of such words and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks and are based upon a number of assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the Company’s operating or financial results; the Company’s liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations outside the United States; risks associated with the length and severity of the ongoing novel coronavirus (COVID-19) outbreak, including its effects on demand for dry bulk products and the transportation thereof; and other factors listed from time to time in the Company’s filings with the SEC, including its most recent annual report on Form 20-F. The Company’s filings can be obtained free of charge on the SEC’s website at www.sec.gov. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

For further information please contact:

Seanergy Investor Relations
Tel: +30 213 0181 522
E-mail: ir@seanergy.gr

Capital Link, Inc.
Daniela Guerrero
230 Park Avenue Suite 1536
Tel: (212) 661-7566
E-mail: seanergy@capitallink.com

Release – Voyager Virtually Opens The Market

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Voyager Virtually Opens The Market

 

TORONTO, Sept. 7, 2021 /CNW/ – Stephen Ehrlich, Chief Executive Officer and Co-Founder, Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG), and his team joined Karoline Hunter, Head, TSX Company Services, to celebrate the Company’s listing on Toronto Stock Exchange and open the market.

Voyager is one of the fastest-growing, publicly-traded cryptocurrency platform founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to invest and trade in over 60 different crypto assets, with zero commissions, using its easy-to-use mobile application, and earn rewards up to 12 percent APY on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

SOURCE Toronto Stock Exchange

Release – Voyager Digital Partners with Football Star Rob Gronkowski to Expand Crypto Platform and Support Gronk Nation

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Voyager Digital Partners with Football Star Rob Gronkowski to Expand Crypto Platform & Support Gronk Nation

 

Gronk Becomes Voyager Brand Ambassador, Shareholder, and VGX Token Holder

NEW YORK, Sept. 8, 2021 /PRNewswire/ – Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) the fastest-growing, publicly traded cryptocurrency platform in the United States, announced a market-leading partnership with four-time Super Bowl champion and the greatest tight end in history, Rob Gronkowski (Gronk). Gronk will become a brand ambassador, Voyager shareholder, and holder of the Voyager Token, VGX, which recently completed one of the largest token swaps in history and powers the Voyager Loyalty Program. Starting today, Gronk and Voyager are launching a series of campaigns designed to bring crypto investing to the mainstream–making it accessible, useful, engaging, and entertaining.

“Rob Gronkowski is a great athlete, and an even greater human being. He‘s someone we all want to be friends with,” said Stephen Ehrlich, CEO and Co-founder of Voyager. “I can‘t think of a better person to have as our brand ambassador. When people hear something from Gronk, they know they‘re getting the real deal. We also know that by working with Gronk, we are going to get our message out there and have a lot of fun.” 

“The Voyager app is so easy to use right from the start. It has a big selection of over sixty different coins and pays up to 12% annual rewards, depending on the coins you hold,” said Rob Gronkowski. “When I looked at the competition, it seemed like a no-brainer. Together, Voyager and I are bringing crypto to everyone.”

In March, Gronk was the first professional football player to launch his own series of NFTs on the Ethereum blockchain featuring his iconic Super Bowl moments. Now, Gronk and Voyager have reached a deal which will make Gronk Voyager‘s brand ambassador. As a result of the agreement, Gronk now has a stake in Voyager and will be participating in the Voyager Loyalty Program through his ownership of the Voyager Token, VGX.

Today, Gronk and Voyager kick off the first of a series of campaigns across various social media channels, including Twitter and Instagram. The premier campaign is called “New Best Friend” and features Gronk going about his day with a dog that most notably is not his well-known French bulldog, Ralphie. Instead, Gronk is playing in the yard, watching movies, and paddling around the pool with a Shiba Inu, the dog breed closely associated with Dogecoin and the Shiba Inu coin, meant to symbolize crypto in general. Voyager created the campaign with Omnicom‘s digital agency Organic.

Gronk and Voyager will be releasing additional videos, including “Crypto Clues” later in the year, as well as hosting a livestream event, and releasing an NFT through Voyager for Good to benefit the Gronk Nation Youth Foundation.

This partnership is a continuation of a series of professional sports relationships Voyager is putting together. In June, the company announced a sponsorship deal and partnership with NASCAR driver and crypto enthusiast Landon Cassill that was paid entirely in cryptocurrency. In July, Voyager added the Shiba Inu coin to the hood of Cassill‘s race car following an uprising in demand from that coin community engaging online with Voyager and Cassill.

About Voyager Digital Ltd.
Voyager Digital Ltd. (TSX: VOYG;OTCQX: VYGVF; FRA: UCD2) is the fast-growing, publicly traded cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to invest and trade in over 60 different crypto assets, with zero commissions, using its easy-to-use mobile application, and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

The TSX has not approved or disapproved of the information contained herein.

Press Contacts

Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

SOURCE Voyager Digital (Canada) Ltd.

Release – Aurania Completes its First Environment, Social and Governance Report

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Aurania Completes its First Environment, Social and Governance Report

 

Toronto, Ontario, September 7, 2021 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (“Aurania” or the “Company”) is pleased to announce that it has completed its first, annual Environment, Social and Governance (“ESG”) report, through the assistance of Onyen Corporation’s innovative ESG software solution for resource companies.  The report is presented as an ESG scorecard and can be accessed via a link on the Company’s website.

This report dovetails with the Company’s ISO14001 certification for its environmental work achieved in 2020 and renewed in 2021.  Both the ISO registration and the ESG report provide yardsticks against which Aurania can measure its efforts to minimize its already small environmental footprint, find ways of makings its social outreach more effective, while maintaining its strict governance standards through its Board of Directors and entire management team.  A short video that captures some of the challenges and aspirations of our local stakeholders, the Shuar indigenous people, is available on Aurania’s website and can be viewed here.

Aurania’s Chairman and CEO, Dr Keith Barron commented, “President Guillermo Lasso has provided unequivocal guidance as to how he would like to see the resource industry develop in Ecuador; to drive economic growth through leadership that provides exemplary social engagement and environmental stewardship.  Our entire team has heard the President’s message and is rising to that challenge.  Our maiden ESG report, coupled with our ISO14001 registration, provide evidence of our commitment, but more importantly, help us to measure our progress and challenge us to do better.”

About Onyen

Onyen Corporation is a Canadian company that offers resource companies an innovative software solution to efficiently complete their Environmental, Social, and Governance (ESG) reporting obligations; manage their risks; heighten their ESG profile; and be included in institutional funding channels and potentially provide access to alternative sources of capital.  For more information on Onyen – planet earth’s ESG reporting system -, please visit www.onyen.com.

About Aurania

Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper in South America.  Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedar.com, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at  https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir

VP Investor Relations

Aurania Resources Ltd.

(416) 367-3200

carolyn.muir@aurania.com

 Dr. Richard Spencer

President

Aurania Resources Ltd.

(416) 367-3200

richard.spencer@aurania.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurania. Forward-looking statements include estimates and statements that describe Aurania’s future plans, objectives or goals, including words to the effect that Aurania or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Aurania, Aurania provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to Aurania’s objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation’s portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, the effects of COVID-19 on the business of the Company including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restrictions on labour and international travel and supply chains, and those risks set out in Aurania’s public documents filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aurania disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Release – Ocugen Inc. to Present at Upcoming Citi and H.C. Wainwright Investment Conferences

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Ocugen, Inc. to Present at Upcoming Citi and H.C. Wainwright Investment Conferences

 

MALVERN, Pa., Sept. 07, 2021 (GLOBE NEWSWIRE) — Ocugen, Inc. (NASDAQ: OCGN), a biopharmaceutical company focused on discovering, developing, and commercializing gene therapies to cure blindness diseases and developing a vaccine to fight COVID-19, today announced that it will be participating in Citi’s 16th Annual BioPharma Virtual Conference being held on September 8-10, 2021 and at the H.C. Wainwright Global Investment Conference being held on September 13-15, 2021.

Dr. Shankar Musunuri, Chairman, CEO, and Co-Founder will present virtually at Citi’s conference and Sanjay Subramanian, CFO and Head of Corporate Development will present virtually at H.C. Wainwright. Both will provide updates on COVAXIN™, the investigational COVID-19 vaccine which the company is co-developing with Bharat Biotech for the U.S. and Canadian markets. They will also present information about Ocugen’s breakthrough modifier gene therapy platform, which has generated product candidates that are expected to enter Phase 1/2a clinical trials in ophthalmic disease states over the next 18 months.

Citi/Ocugen Fireside Chat
Date/Time: Wednesday, September 8, 2021, from 3:15PM-4:00PM Eastern Time
Registration link: https://kvgo.com/citi-16th-annual-biopharma-vc/ocugen-inc-sept-2021

H.C. Wainwright Global Investment Conference
Date/Time: Presentation available on-demand starting at 7:00AM Eastern Time on September 13, 2021
Registration link: https://journey.ct.events/view/705764c5-88a7-4a4c-afff-d1688de5a5d9

About Ocugen, Inc.
Ocugen, Inc. is a biopharmaceutical company focused on discovering, developing, and commercializing gene therapies to cure blindness diseases and developing a vaccine to save lives from COVID-19. Our breakthrough modifier gene therapy platform has the potential to treat multiple retinal diseases with one drug — “one to many,” and our novel biologic product candidate aims to offer better therapy to patients with underserved diseases such as wet age-related macular degeneration, diabetic macular edema, and diabetic retinopathy. We are co-developing Bharat Biotech’s COVAXIN™ vaccine candidate for COVID-19 in the U.S. and Canadian markets. For more information, please visit www.ocugen.com. 

Cautionary Note on Forward-Looking Statements
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties. We may, in some cases, use terms such as “predicts,” “believes,” “potential,” “proposed,” “continue,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. Such statements are subject to numerous important factors, risks and uncertainties that may cause actual events or results to differ materially from our current expectations, such as risks and uncertainties regarding market and other conditions and the timing of our planned clinical trials. These and other risks and uncertainties are more fully described in our periodic filings with the Securities and Exchange Commission (the “SEC”), including the risk factors described in the section entitled “Risk Factors” in the quarterly and annual reports that we file with the SEC. Any forward-looking statements that we make in this press release speak only as of the date of this press release. Except as required by law, we assume no obligation to update forward-looking statements contained in this press release whether as a result of new information, future events or otherwise, after the date of this press release. 

Ocugen Contact:
Ken Inchausti
Head, Investor Relations & Communications
IR@Ocugen.com 

Schwazze (SHWZ) – Price Target Supported by Recent Industry Acquisition

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Wednesday, September 08, 2021

Schwazze (SHWZ)
Price Target Supported by Recent Industry Acquisition

Medicine Man Technologies, Inc. is now operating under its new trade name, Schwazze. Schwazze is executing its strategy to become a leading vertically integrated cannabis holding company with a portfolio consisting of top-tier licensed brands spanning cultivation, extraction, infused-product manufacturing, dispensary operations, consulting, and a nutrient line. Schwazze leadership includes Colorado cannabis leaders with proven expertise in product and business development as well as top-tier executives from Fortune 500 companies. As a leading platform for vertical integration, Schwazze is strengthening the operational efficiency of the cannabis industry in Colorado and beyond, promoting sustainable growth and increased access to capital, while delivering best-quality service and products to the end consumer. The corporate entity continues to be named Medicine Man Technologies, Inc.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Gage Growth Acquisition. Last week TerrAscend Corp. (OTC:TRSSF) announced an agreement to acquire Gage Growth Corp. (OTC:GAEGF) for $545 million. Gage is a leading high-quality cannabis premium brand and operator in Michigan. Annualizing Gage Growth’s 2Q21 revenue of $26.4 million results in an acquisition multiple of 5.2 times revenue.

    Gage in Michigan.  Gage is doing in Michigan what Schwazze is doing in Colorado. Gage currently operates ten dispensaries in Michigan and three cultivation sites, with nine additional cultivation sites through contract growers. The firm has plans to open an additional ten dispensaries over the near term. Gage claims to be building the fastest growing cannabis brand in Michigan. The firm’s product …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Palladium One Mining Inc. (NKORF)(PDM:CA) – Doubling Up At LK With Ample Room for Growth

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Wednesday, September 08, 2021

Palladium One Mining Inc. (NKORF)(PDM:CA)
Doubling Up At LK With Ample Room for Growth

Palladium One Mining Inc is a palladium dominant, PGE, nickel, copper exploration and development company. Its assets consist of the Lantinen Koillismaa and Kostonjarvi PGE-Cu-Ni projects, located in north-central Finland and the Tyko Ni-Cu-PGE and Disraeli PGE-Ni-Cu properties in Ontario, Canada. LK is targeting disseminated sulphide along 38 kilometers of favorable basal contact. The KS project is targeting massive sulphide within a 20,000-hectare land package covering a regional scale gravity and magnetic geophysical anomaly. Tyko is a 13,000-hectare project targeting disseminated and massive sulphide in a highly metamorphosed Archean terrain. Disraeli is a 2,500-hectare project targeting PGE-rich disseminated and massive sulphide in a highly productive Proterozoic mid-continent rift.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Haukiaho resource estimate. Palladium One released results a NI 43-101 compliant resource estimate for the Haukiaho zone which doubles the LK PGE-Cu-Ni project mineral resource to 0.6 million ounces of palladium equivalent indicated resources and 1.7 million ounces of palladium equivalent inferred resources. The resource estimate for Haukiaho adds 1.21 million ounces of palladium equivalent inferred resources. Resource definition drilling in the Greater Kaukua area has been completed and an updated NI 43-101 compliant mineral resource estimated is expected to be completed by year-end. A preliminary economic assessment is expected in mid-2022.

    Ample room for resource growth.  In addition to an updated mineral resource estimate for the Greater Kaukua area, the remaining 12 kilometers of the Haukiaho Trend has not been drill tested although historic drilling has affirmed that the trend is mineralized. The company has identified two significant anomalies immediately east of the Haukiaho resource area that could potentially be upgraded to …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Euroseas Ltd. (ESEA) – Feeder Acquisition Expands Fleet and Forward Cover

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Wednesday, September 08, 2021

Euroseas Ltd. (ESEA)
Feeder Acquisition Expands Fleet and Forward Cover

Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables; and drybulk carriers that transport iron ore, coal, grains, bauxite, phosphate, and fertilizers. As of March 31, 2017, it had a fleet of seven containerships; and six drybulk carriers, including three Panamax drybulk carriers, one Handymax drybulk carrier, one Kamsarmax drybulk carrier, and one Ultramax drybulk carrier. The company was founded in 2005 and is based in Maroussi, Greece.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Acquisition of 2006-built 1,740 TEU feeder for $25.5 million expands the fleet to 15. Attractive time charter limits capital risk. We are assuming financing of 50% debt so forecasted yearend 2021 debt will increase by $12.8 million to $71.3 million. In order to limit capital risk, the Jonathan P will be time chartered out for three years at a net TCE rate of $26.7k/day. The time charter should generate total EBITDA of $22 million, or ~$20.0k/day, and drop the cost basis below the scrap value.

    Container market remains firm and upcoming fixtures should be favorable.  The Jonathan P three year time charter is another good example of a strong container market. Same with the recent Diamantis P time charter through October 2024 at a TCE rate of $27.0k/day. Four feeders (Corfu/Evridiki G/Astoria/Aegean Express) and one intermediate (Oakland) are available for charter over the next six months …



This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

enCore Energy Corp. (ENCUF)(EU:CA) – enCore Combines with Azarga Uranium

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Wednesday, September 08, 2021

enCore Energy Corp. (ENCUF)(EU:CA)
enCore Combines with Azarga Uranium

enCore Energy Corp together with its subsidiary, is engaged in the acquisition and exploration of resource properties. The company holds the Marquez project in New Mexico as well as the dominant land position in Arizona with additional other properties in Utah and Wyoming. The firm also owns or has access to North American and global uranium data including the Union Carbide, US Smelting and Refining, UV Industries, and Rancher’s Exploration databases in addition to a collection of geophysical data for the high-grade Northern Arizona Breccia Pipe District.

Michael Heim, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    enCore Energy and Azarga Uranium agree to merge. The merger will combine enCore’s leading position as an aggregator of domestic uranium assets and controller of in-situ processing plants with Azarga’s ownership of several high-grade, low-cost in-situ exploratory projects. We think the combination makes sense for both companies and see the announcement as a continuation of enCore’s goal of becoming the leading uranium ISR producer in the U.S.

    Why it makes sense for Azarga.  Azarga shareholders receive 0.375 shares worth $0.71 per share, a 31% premium. Azarga gains a partner with experience as a uranium aggregator, a strong balance sheet (C$5m cash + C$12m inventory and no debt), and control of permitted processing plants. Azarga was going to need to bring in a partner to develop its Dewey Burdock project (initial capital costs of US32m) …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.