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Pangaea Logistics CEO & COO Mark Filanowski, Managing Director Mads Petersen, and CFO Gianni Del Signore deliver a formal corporate overview, followed by a Q & A session moderated by Noble Capital Markets Senior Transportation & Logistics Analyst Poe Fratt. Return to the Investor Forum Event Page
Pangaea Logistics Solutions Ltd. (NASDAQ: PANL) provides logistics services to a broad base of industrial customers who require the transportation of a wide variety of dry bulk cargoes, including grains, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The Company addresses the transportation needs of its customers with a comprehensive set of services and activities, including cargo loading, cargo discharge, vessel chartering, and voyage planning. Learn more at www.pangaeals.com. |
Category: Transportation
Grindrod Shipping Holdings (GRIN) – Transportation & Logistics – a NobleCon Online Investor Event
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Grindrod Shipping CEO Martyn Wade and CFO Stephen Griffiths deliver a formal corporate overview, followed by a Q & A session moderated by Noble Capital Markets Senior Transportation & Logistics Analyst Poe Fratt. Return to the Investor Forum Event Page
Grindrod Shipping predominantly owns and operates a diversified fleet of owned and long-term and short-term chartered-in drybulk vessels. The drybulk business, which operates under the brand “Island View Shipping” (“IVS”) includes a Core Fleet of 15 handysize drybulk carriers and 16 supramax/ultramax drybulk carriers. The Company also owns one medium range product tanker on bareboat charter. The Company is based in Singapore, with offices in London, Durban, Tokyo, Cape Town and Rotterdam. Grindrod Shipping is listed on NASDAQ under the ticker “GRIN” and on the JSE under the ticker “GSH”. |
Transportation & Logistics Forum – a NobleCon Online Investor Event
Transportation & Logistics Forum – a NobleCon Online Investor Event
Event Main Page
Each video link below will be live at the scheduled presentation time (all times are EDT). Investor Forum presentations are available to registered Channelchek users. Click below to register for Channelchek – at no cost.
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Seanergy Maritime Announces Refinancing of Existing Vessel Resulting in Significant Cashflow and P&L Benefit
Seanergy Maritime Announces Refinancing of Existing Vessel Resulting in Significant Cashflow and P&L Benefit
Research, News, and Market Data on Seanergy Maritime
December 16, 2021 – Glyfada, Greece – Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP) announced today that it has entered into a definitive agreement for the refinancing of a loan facility secured by M/V Geniuship, with a new loan facility secured by the same vessel.
The current outstanding balance is provided by certain nominees of Entrust Global and stands at $14.6 million. The Entrust facility has a remaining duration of 3.5 years, bears interest at a fixed rate of 10.5% per annum and amortizes through quarterly instalments of $515,000.
The new loan facility will be provided by a prominent Far Eastern bank (the ‘New Facility’), has an initial balance of $15 million, a five-year term and bears interest of LIBOR + 3.5% per annum. The New Facility will amortize through 4 quarterly instalments of $530,000 followed by 16 quarterly instalments of $385,000.
The significantly lower interest rate, as well as the reduced quarterly repayments agreed for 2023 onwards, will further improve the break-even rates of the underlying vessel. In addition, the interest savings for the Company are expected to be $0.9 million for 2022 and $0.5 million on average per year for 2023-25.
As of the date of this release and pro-forma for this refinancing, which is expected to close within December, Seanergy’s total indebtedness will be approximately $242.7 million, consisting of $221.0 million debt and other financial leases and $21.7 million in unsecured convertible notes, while total cash and cash equivalents, restricted cash and term deposits of the Company are expected to be approximately $45.0 million.
Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:
“As part of our continuous efforts to further improve our strong cashflow, we have agreed another successful refinancing for an existing capesize vessel. The New Facility has a considerably lower interest rate, which will benefit immediately the Company’s cash flow and profitability. The total expected interest savings for Seanergy will be approximately $2.3 million over the next 3 years. Consistent with our conservative approach on leverage, we aim in achieving more competitive pricing and overall terms of the loan without increasing the debt on the vessel.
“We remain committed to our strategy to further reduce our financing cost by additional refinancings and buybacks or repayment of debt that are expected to generate improved shareholder returns.”
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. The Company’s operating fleet consists of 17 Capesize vessels with an average age of 11.7 years and aggregate cargo carrying capacity of approximately 3,011,083 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” 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.
Paul Lampoutis
230 Park Avenue Suite 1536
New York, NY 10169
Tel: (212) 661-7566
E-mail: seanergy@capitallink.com
Seanergy Maritime (SHIP) – Tune Into Virtual Transportation & Logistics Forum
Thursday, December 16, 2021
Seanergy Maritime (SHIP)
Tune Into Virtual Transportation & Logistics Forum
Seanergy Maritime Holdings Corp. is the only pure-play Capesize shipping company listed in the US capital markets. Seanergy provides marine dry bulk transportation services through a modern fleet of Capesize vessels. Upon delivery of the M/V Dukeship, the Company’s operating fleet will consist of 17 Capesize vessels with an average age of 11.5 years and aggregate cargo carrying capacity of approximately 3,011,083 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”.
Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Tune in to hear about SHIP at today’s Transportation & Logistics online forum. CEO Stamatis Tsantanis and CFO Stavros Gyftakis will present at 11:00am EST. Free registration is available at channelchek.vercel.app
Presentation highlights should include substantial 2021 progress. The fleet expansion to 17 Capes and recent completion of the $17 million buy back program are good indications of better execution and an improved financial position. The retirement of convert debt and stock and warrant buy backs limits potential share issuance …
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.
Pangaea Logistics (PANL) – Tune Into Virtual Transportation & Logistics Forum
Thursday, December 16, 2021
Pangaea Logistics (PANL)
Tune Into Virtual Transportation & Logistics Forum
Pangaea Logistics Solutions Ltd and its subsidiaries provide seaborne drybulk transportation services. It transports drybulk cargos including grains, coal, iron, ore, pig, iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone. The firm’s services include cargo loading, cargo discharge, vessel chartering, voyage planning and technical vessel management. The company derives all of its revenues from contracts of affreightment, voyage charters and time charters. Its strategy depends on focusing on increasing strategic contracts of affreightment, expanding capacity and flexibility by increasing its owned fleet and increasing backhaul focus and fleet efficiency.
Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Tune in to hear about Pangaea Logistics at today’s Transportation & Logistics online forum. CEO Mark Filanowski, Managing Director Mads Boye Peterson and CFO Gianni Del Signore will present at 2:00pm EST. Free registration is available at channelchek.vercel.app
Presentation should highlight positive 2021 developments. We expect a positive view on the dry bulk market fundamentals, especially for the Ice Class sector. There are many reasons that PANL remains well positioned, including a consistent commercial strategy that adds value in different market environments, a leading Ice Class market position, substantial progress on renewing and expanding the …
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.
Grindrod Shipping (GRIN) – Tune Into Virtual Transportation & Logistics Forum
Thursday, December 16, 2021
Grindrod Shipping (GRIN)
Tune Into Virtual Transportation & Logistics Forum
Grindrod Shipping, originated in South Africa with roots dating back to 1910. The company is based in Singapore, with offices around the world including, London, Durban, Cape Town, Tokyo and Rotterdam. Its primary listing is on Nasdaq and secondary listing on the JSE.
Grindrod Shipping owns and operates a diversified fleet of owned, long-term chartered and joint-venture dry-bulk and liquid-bulk vessels across the globe.
Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Tune in to hear about GRIN at today’s Transportation & Logistics online forum. CEO Martyn Wade and CFO Stephen Griffiths will present at 3:00pm EST. Free registration is available at channelchek.vercel.app
Presentation should focus on 2021 moves that enhanced competitive position and investor appeal. While GRIN entered the year as a pure play dry bulk company, moves in 2021 further enhanced the competitive position and broadened investor appeal. Those moves included the acquisition of the remaining interest in IVS Bulk for $46.3 million, acquiring the 2019-built Phoenix Ultra for $23.5 million, and …
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.
Genco Shipping (GNK) – Tune Into Virtual Transportation & Logistics Forum
Thursday, December 16, 2021
Genco Shipping (GNK)
Tune Into Virtual Transportation & Logistics Forum
Genco Shipping & Trading Limited, incorporated on September 27, 2004, transports iron ore, coal, grain, steel products and other drybulk cargoes along shipping routes through the ownership and operation of drybulk carrier vessels. The Company is engaged in the ocean transportation of drybulk cargoes around the world through the ownership and operation of drybulk carrier vessels. As of December 31, 2016, its fleet consisted of 61 drybulk carriers, including 13 Capesize, six Panamax, four Ultramax, 21 Supramax, two Handymax and 15 Handysize drybulk carriers, with an aggregate carrying capacity of approximately 4,735,000 deadweight tons (dwt). Of the vessels in its fleet, 15 are on spot market-related time charters, and 27 are on fixed-rate time charter contracts. As of December 31, 2016, additionally, 19 of the vessels in its fleet were operating in vessel pools.
Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Tune in to hear about Genco Shipping at today’s Transportation & Logistics online forum. CEO John Wobensmith and CFO Apostolos Zafolias will present at 1:00pm EST. Free registration is available at channelchek.vercel.app
Presentation should highlight positive 2021 developments. We expect the presentation to offer a positive view on the dry bulk market fundamentals, while highlighting record 3Q2021 operating results. There are several reasons that GNK remains well positioned, including a bar bell asset strategy that includes Capes and Ultras, solid progress on the fleet renewal program, a successful debt refinancing …
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.
Eagle Bulk Shipping (EGLE) – Tune Into Virtual Transportation & Logistics Forum
Thursday, December 16, 2021
Eagle Bulk Shipping (EGLE)
Tune Into Virtual Transportation & Logistics Forum
Eagle Bulk Shipping Inc. is a US-based drybulk owner-operator focused on the Supramax/Ultramax mid-size asset class, which ranges from 50,000 and 65,000 deadweight tons in size; these vessels are equipped with onboard cranes allowing for the self-loading and unloading of cargoes, a feature which distinguishes them from the larger classes of drybulk vessels and provides for greatly enhanced flexibility and versatility- both with respect to cargo diversity and port accessibility. The Company transports a broad range of major and minor bulk cargoes around the world, including coal, grain, ore, pet coke, cement, and fertilizer. Eagle operates out of three offices, Stamford (headquarters), Singapore, and Hamburg, and performs all aspects of vessel management in-house including: commercial, operational, technical, and strategic.
Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Tune in to hear about Eagle Bulk Shipping at today’s Transportation & Logistics online forum. CEO Gary Vogel will present at 9:00am EST. Free registration is available at channelchek.vercel.app
Presentation should highlight positive 2021 developments. We expect the presentation to offer a positive view on the dry bulk market fundamentals, especially in the Ultra/Supra sector, while highlighting record 3Q2021 operating results. There are several reasons that EGLE remains well positioned, including a consistent commercial strategy that adds value in different market environments, solid …
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.
Eagle Bulk Shipping (EGLE) – Transportation & Logistics – a NobleCon Online Investor Event
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Eagle Bulk CEO and Director, Gary Vogel delivers a formal corporate overview, followed by a Q & A session moderated by Noble Capital Markets Senior Transportation & Logistics Analyst Poe Fratt. Return to the Investor Forum Event Page
Eagle Bulk Shipping Inc. (“Eagle” or the “Company”) is a US-based fully integrated shipowner-operator providing global transportation solutions to a diverse group of customers including miners, producers, traders, and end users. Headquartered in Stamford, Connecticut, with offices in Singapore and Copenhagen, Eagle focuses exclusively on the versatile midsize drybulk vessel segment and owns one of the largest fleets of Supramax / Ultramax vessels in the world. The Company performs all management services in-house (including: strategic, commercial, operational, technical, and administrative) and employs an active management approach to fleet trading with the objective of optimizing revenue performance and maximizing earnings on a risk-managed basis. For further information, please visit our website: www.eagleships.com. |
Release – Seanergy to Present at the NobleCon Online Transportation Logistics Investor Forum
Seanergy to Present at the NobleCon Online Transportation & Logistics Investor Forum
Research, News, and Market Data on Seanergy Maritime
December 15, 2021 – Glyfada, Greece – Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) (NASDAQ: SHIP) announced today its participation at the Transportation & Logistics Virtual Investor Forum, presented by Channelchek.com.
Seanergy’s CEO, Stamatis Tsantanis, and CFO, Stavros Gyftakis, are giving a presentation of the Company, followed by a Q&A session moderated by Noble Capital Markets senior equity research analyst, Poe Fratt.
The broadcast is scheduled for December 16, 2021, at 11:00 AM EST and can be accessed by registering at www.channelchek.com at no cost. The video webcast will be later archived on Channelchek as part of its C-Suite Series www.channelchek.com/c-suite, and on its YouTube channel: www.youtube.com/channelchek .
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. The Company’s operating fleet consists of 17 Capesize vessels with an average age of 11.7 years and aggregate cargo carrying capacity of approximately 3,011,083 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” and its Class B warrants under “SHIPZ”.
Please visit our company website at: www.seanergymaritime.com.
About Noble Capital Markets, Inc.
Noble Capital Markets (“Noble”) is a research driven boutique investment bank that has supported small & microcap companies since 1984. As a FINRA and SEC licensed broker dealer Noble provides institutional-quality equity research, merchant and investment banking, wealth management and order execution services. In 2005, Noble established NobleCon, an investor conference that has grown substantially over the 16 years. In 2018 Noble launched www.channelchek.com – a new investment community dedicated exclusively to small and micro-cap companies and their industries. Channelchek is tailored to meet the needs of self-directed investors and financial professionals. Channelchek is the first service to offer institutional-quality research to the public, for FREE at every level without a subscription. More than 6,000 emerging growth companies are listed on the site, with growing content including the C-Suite and Virtual Roadshow Series videos, and balanced news.
About Channelchek
Channelchek (.com) is a comprehensive investor-centric portal – featuring more than 6,000 emerging growth companies – that provides advanced market data, independent research, balanced news, video webcasts, exclusive c-suite interviews, and access to virtual road shows. The site is available to the public at every level without cost or obligation. Research on Channelchek is provided by Noble Capital Markets, Inc., an SEC / FINRA registered broker-dealer since 1984. www.channelchek.com email: contact@channelchek.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.
Paul Lampoutis
230 Park Avenue Suite 1536
New York, NY 10169
Tel: (212) 661-7566
E-mail: seanergy@capitallink.com
Release – Eagle Bulk Shipping Inc. to Present at Nobles Virtual Transportation Logistics Investor Forum
Eagle Bulk Shipping Inc. to Present at Noble’s Virtual Transportation & Logistics Investor Forum
Research, News, and Market Data on Eagle Bulk Shipping
A live webcast of the presentation can be accessed at Channelchek (http://www.channelchek.com), the investor portal created by Noble. The webcast will later be archived on Channelchek as part of Noble’s C-Suite Series (www.channelchek.com/c-suite)
About Eagle Bulk Shipping Inc.
Company Contact
investor@eagleships.com
+1 203 276 8100
Media Contact
+1 212 359 2228
Source:
Eagle Bulk Shipping Inc. to Present at Noble’s Virtual Transportation & Logistics Investor Forum
Eagle Bulk Shipping Inc. to Present at Noble’s Virtual Transportation & Logistics Investor Forum
Research, News, and Market Data on Eagle Bulk Shipping
A live webcast of the presentation can be accessed at Channelchek (http://channelchek.vercel.app), the investor portal created by Noble. The webcast will later be archived on Channelchek as part of Noble’s C-Suite Series (channelchek.vercel.app/c-suite)
About Eagle Bulk Shipping Inc.
Company Contact
investor@eagleships.com
+1 203 276 8100
Media Contact
+1 212 359 2228
Source: