Category: Transportation

Pyxis Tankers Inc. (PXS) – NobleCon 17 Presentation Reinforces Positive LT Outlook

Posted on by Admin

Tuesday, January 26, 2021

Pyxis Tankers Inc. (PXS)
NobleCon 17 Presentation Reinforces Positive LT Outlook

Pyxis Tankers Inc is a United States-based international maritime transportation company which focuses on the product tanker sector. It owns a fleet which comprises of double hull product tankers employed under a mix of short- and medium-term time charters and spot charters. The fleet owned by the company includes Pyxis Epsilon, Pyxis Theta, Pyxis Malou, Pyxis Delta, Northsea Alpha, and Northsea Beta. Each of the vessels in the fleet is capable of transporting refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, fuel oil, and other liquid bulk items, such as vegetable oils and organic chemicals.

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

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

    NobleCon17 Presentation reinforces positive long-term outlook. CEO and majority owner Eddie Valentis (Eddie) made a solid case for PXS in a presentation last week, and highlighted the favorable refined product tanker market trends. Go to Channelchek: https://channelchek.vercel.app/news-channel/NobleCon17_Rebroadcast for replay info.

    Thesis intact.  While the past two years were negatively impacted by extreme factors and the year is off to a sluggish start, the supply/demand fundamentals appear favorable. The order book and supply growth remain historically low due to rate volatility, regulatory uncertainty and declining capital availability, while demand should rebound on the back of unprecedented global stimulus and 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. 

EuroDry Ltd. (EDRY) – NobleCon 17 Presentations Highlight Favorable Outlook

Posted on by Admin

Tuesday, January 26, 2021

EuroDry Ltd. (EDRY)
NobleCon 17 Presentations Highlight Favorable Outlook

EuroDry Ltd. was formed on January 8, 2018 under the laws of the Republic of the Marshall Islands and trades on the NASDAQ Capital Market under the ticker EDRY. EDRY is the product of a spin-off of the dry bulk fleet by Euroseas (ESEA) completed in May 2018. For every five ESEA shares, ESEA shareholders received one EDRY share. There are currently ~2.2 million EDRY shares outstanding. EuroDry operates in the dry bulk shipping markets. EuroDry’s operations are managed by Eurobulk Ltd., an affiliated ship management company, and Eurobulk FE (Far East) Ltd, which are responsible for the day-to-day commercial and technical management and operation of the fleet. EuroDry employs the fleet on spot and period charters and through pool arrangements.

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

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

    NobleCon17 presentations highlight firmer dry bulk market and high operating leverage. CFO Dr. Tasos Aslidis offered a solid case for EDRY in a presentation last week, and the positive dry bulk market trends were highlighted on the industry panel. Go to Channelchek: https://channelchek.vercel.app/news-channel/NobleCon17_Rebroadcast for replay info.

    Thesis intact.  While the past two years were negatively impacted by extreme factors, the supply/demand fundamentals appear favorable and the year has started on a better-than-expected note. The order book and supply growth remain historically low due to rate volatility, regulatory uncertainty and declining capital availability, while demand should rebound on the back of global stimulus packages and …



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. 

Seanergy Maritime (SHIP) – NobleCon 17 Presentation Highlights Solid Start to Year

Posted on by Admin

Monday, January 25, 2021

Seanergy Maritime (SHIP)
NobleCon 17 Presentation Highlights Solid Start to Year

Seanergy Maritime Holdings Corp., an international shipping company, provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. 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 10 Capesize vessels, with total capacity of approximately 1,748,581 dwt and an average fleet age of about 9.8 years. The Company is incorporated in the Marshall Islands with executive offices in Athens, Greece and an office in Hong Kong. The Company’s common shares trade on the Nasdaq Capital Market under the symbol “SHIP” and class A warrants under “SHIPW”.

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

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

    NobleCon17 presentations highlight firmer dry bulk market and high Cape market exposure. CEO Stamatis Tsantanis offered a solid case for SHIP in a presentation last week, and he highlighted the positive trends in the dry bulk market, especially for Capes, on the industry panel. Go to Channelchek: https://channelchek.vercel.app/news-channel/NobleCon17_Rebroadcast for replay info.

    Thesis intact.  While the past two years were negatively impacted by extreme factors, the dry bulk supply/demand fundamentals appear favorable and the year has started on a better than expected note. The order book and supply growth remain historically low due to rate volatility, regulatory uncertainty and declining capital availability, while demand should rebound on the back of unprecedented …



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 Solutions Ltd. (PANL) – NobleCon 17 Presentations Reinforce Positive Trends

Posted on by Admin

Monday, January 25, 2021

Pangaea Logistics Solutions Ltd. (PANL)
NobleCon 17 Presentations Reinforce Positive Trends

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.

    NobleCon17 presentations highlight firmer dry bulk market and unique business model. Managing Director Mads Boye Peterson and CFO Gianni DelSignore offered a solid case for PANL in a presentation last week, and Mads highlighted the positive trends in the dry bulk market on the industry panel. Go to Channelchek: https://channelchek.vercel.app/news-channel/NobleCon17_Rebroadcast for replay info.

    Unique cargo-focused strategy generates rate outperformance and enhances operating flexibility.  The strategy adds operating leverage through chartering-in vessels to meet cargo demand. Charter strategy allows control/management of 45-60 vessels, including 17 owned vessels. The balanced strategy generates positive results across different rate environments and consistent rate outperformance …



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 & Trading Limited (GNK) – Positive Trends Highlighted at NobleCon17

Posted on by Admin

Monday, January 25, 2021

Genco Shipping & Trading Limited (GNK)
Positive Trends Highlighted at NobleCon17

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.

    NobleCon17 Presentations Highlight Optimism. CEO John Wobensmith made a solid case for GNK in a presentation last week, and the positive trends in the dry bulk market were highlighted on the industry panel. Go to Channelchek: https://channelchek.vercel.app/news-channel/NobleCon17_Rebroadcast for replay info.

    Thesis intact.  While the past two years were negatively impacted by extreme factors, the supply/demand fundamentals appear favorable and the year has started on a better than expected note. The order book and supply growth remain historically low due to rate volatility, regulatory uncertainty and declining capital availability, while demand should rebound on the back of unprecedented global …



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. 

Great Lakes Dredge & Dock (GLDD) – NobleCon17 Presentation Highlights Positive Dredging Outlook

Posted on by Admin

Monday, January 25, 2021

Great Lakes Dredge & Dock (GLDD)
NobleCon17 Presentation Highlights Positive Dredging Outlook

Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. The company only’s operating segments is Dredging. Dredging involves the enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock. Its projects portfolio includes Coastal Restoration, Coastal Protection, Port expansion, and others.

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

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

    NobleCon17 presentation highlights positive dredging market outlook. CEO Lasse Petterson and CFO Mark Marinko offered a solid case for GLDD in a presentation last week. Go to Channelchek: https://channelchek.vercel.app/news-channel/NobleCon17_Rebroadcast for replay info.

    Dredging market outlook remains solid and potential infrastructure spending creates tailwind.  Recent awards are positive signals after the loss on the Spanish Ridge work in Louisiana in December. Other positives include stronger global LNG prices that could help move the NextDecade (NEXT) LNG project to FID and the potential higher infrastructure spending in fiscal stimulus plans. While competition …



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) – NobleCon 17 Presentation Highlights Strong Container Market

Posted on by Admin

Monday, January 25, 2021

Euroseas Ltd. (ESEA)
NobleCon 17 Presentation Highlights Strong Container Market

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.

    NobleCon17 presentations highlight firmer container market and high operating leverage. CFO Dr. Tasos Aslidis offered a solid case for ESEA in a presentation last week, and he highlighted the positive trends in the container market on the industry panel. Go to Channelchek: https://channelchek.vercel.app/news-channel/NobleCon17_Rebroadcast for replay info.

    Positive thesis intact.  While the past two years were negatively impacted by extreme factors, the container supply/demand fundamentals appear favorable, more charters with longer terms have been signed at higher TCE rates and the year has started on a better-than-expected note. The order book and supply growth remain historically low due to shipyard restrictions, regulatory uncertainty and …



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) – Year Off to Good Start – Flat Water and Blue Sky?

Posted on by Admin

Monday, January 25, 2021

Eagle Bulk Shipping (EGLE)
Year Off to Good Start – Flat Water and Blue Sky?

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.

    NobleCon17 Presentations Highlight Optimism. CEO Gary Vogel and CFO Frank DeConstanzo made a solid case for EGLE in a presentation last week, and Gary highlighted the positive trends in the dry bulk market on the industry panel. Go to Channelchek: https://channelchek.vercel.app/news-channel/NobleCon17_Rebroadcast for replay info.

    Thesis intact.  While the past two years were negatively impacted by extreme factors, the supply/demand fundamentals appear favorable and the year has started on a better than expected note. The order book and supply growth remain historically low due to rate volatility, regulatory uncertainty and declining capital availability, while demand should rebound on the back of global stimulus packages and …



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. 

Seanergy Maritime (SHIP) NobleCon17 Presentation Replay

Posted on by Admin

Seanergy Maritime (SHIP) CEO Stamatis Tsantanis at NobleCon17 – Noble Capital Markets 17th Annual Small & Microcap Investor Conference – January 2021. Following the formal presentation, Noble Capital Markets Senior Research Analyst Poe Fratt joins Stamatis to moderate a Q&A session.

NobleCon 17 Complete Rebroadcast

Pyxis Tankers (PXS) NobleCon17 Presentation Replay

Posted on by Admin

Pyxis Tankers (PXS) CEO Eddie Valentis and CFO Henry Williams at NobleCon17 – Noble Capital Markets 17th Annual Small & Microcap Investor Conference – January 2021. Following the formal presentation, Noble Capital Markets Senior Research Analyst Poe Fratt joins Eddie and Henry to moderate a Q&A session.

NobleCon 17 Complete Rebroadcast

Pangaea Logistics (PANL) NobleCon17 Presentation Replay

Posted on by Admin

Pangaea Logistics (PANL) CFO Gianni Del Signore and Managing Director Mads Petersen at NobleCon17 – Noble Capital Markets 17th Annual Small & Microcap Investor Conference – January 2021. Following the formal presentation, Noble Capital Markets Senior Research Analyst Poe Fratt joins Gianni and Mads to moderate a Q&A session.

NobleCon 17 Complete Rebroadcast

Orion Group Holdings (ORN) NobleCon17 Presentation Replay

Posted on by Admin

Orion Group Holdings (ORN) VP & CFO Robert Tabb at NobleCon17 – Noble Capital Markets 17th Annual Small & Microcap Investor Conference – January 2021. Following the formal presentation, Noble Capital Markets Senior Research Analyst Poe Fratt joins Robert to moderate a Q&A session.

NobleCon 17 Complete Rebroadcast

International Seaways (INSW) NobleCon17 Presentation Replay

Posted on by Admin

International Seaways (INSW) CEO Lois Zabrocky at NobleCon17 – Noble Capital Markets 17th Annual Small & Microcap Investor Conference – January 2021. Following the formal presentation, Noble Capital Markets Senior Research Analyst Poe Fratt joins Lois to moderate a Q&A session.

NobleCon 17 Complete Rebroadcast