Reshaped Capital Product Partners sees profit spike

Capital Product Partners has greatly improved its bottom line in the second quarter. The Jerry Kalogiratos-led owner posted a $7.89m profit for the second quarter versus $4.02m during the same period last year. Earnings per share (EPS) came in at $0.44, beating Wall Source: http://www.tradewindsnews.com

July 31, 2019
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Eagle Bulk Shipping eyes growth options after six-ship deal

Eagle Bulk Shipping has left the door open for further growth and mergers-and-acquisition activity after netting more than $114m to fund its second major enbloc transaction in under three years. Nasdaq-listed Eagle Bulk raised the capital from a convertible notes issue, Source: http://www.tradewindsnews.com

July 31, 2019
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Ugland managed bulker brace picked up by Greek shipowner

Two Isle of Man controlled supramax bulkers are reported sold enbloc to a Greek buyer. The Hyundai Vinashin built 55,000-dwt Sheffield (built 2010) and Peterborough (built 2009) are changing hands for $21m in total, sources say. VesselsValue says the ships are Source: http://www.tradewindsnews.com

July 30, 2019
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JL Mowinckels Rederi prepares to sell panamax bulker

JL Mowinckels Rederi is to trim its fleet with the sale of one of its three panamax bulkers. The Norwegian shipowner’s chief executive Geir Belsnes confirmed the sale of the 75,000-dwt Ogna (built 2008). “Some formalities remain, but the ship will be Source: http://www.tradewindsnews.com

July 23, 2019
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DryShips appoints advisors for George Economou takeover

Financial and legal advisors have been appointed to assist DryShips board members in evaluating George Economou’s proposed takeover of the company. A special committee of DryShips directors has been formed to consider the non-binding offer of $4.00 per share submitted by Economou’s privately Source: http://www.tradewindsnews.com

July 8, 2019
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