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UPS Q3 Earnings Preview: Delivery Giant Aims To End Revenue Misses As Stock Remains 'Stuck In A Two-Year Downtrend'
Wednesday, October 23, 2024 - 2:57pm | 732Read More...Package delivery company United Parcel Services, Inc. (NYSE:UPS) could provide a look at how it fares with competitor FedEx Corp (NYSE:FDX) when the company reports third-quarter financial results before market open Thursday. Earnings Estimates: Analysts expect UPS to report third-quarter revenue...
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Here's What Had DryShips Shares Moving Monday Morning
Monday, April 3, 2017 - 10:54am | 371Read More...Shares of DryShips Inc. (NASDAQ: DRYS) were trading lower by more than 15 percent Monday morning after the global shipping transportation company announced a new stock purchase agreement and acquisition announcement. DryShips said in a press release it reached an agreement with Kalani Investments...
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DryShips Acquires A Second Large Gas Carrier For $84 Million
Monday, March 6, 2017 - 12:45pm | 379Read More...DryShips Inc. (NASDAQ: DRYS) is the nano-cap drybulk carrier and offshore supporter that gained notoriety in 2016 for a 1,500 percent run in mere weeks. However, its reputation is turning, as the stock has seen shares plummet 95 percent since the start of 2017, likely due to investors' increasing...
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Shippers On A Run Again Amid No News
Friday, January 13, 2017 - 2:22pm | 518Read More...Shipping stocks were trading notably higher on Friday on minimal news. The only notable news release that would affect the group was a press release by Diana Shipping Inc. (NYSE: DSX), in which the global shipping company specializing in the ownership of dry bulk vessels entered into a time charter...
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Diana Shipping's 'Outlook Unclear'; UBS Maintains Sell Rating
Friday, November 18, 2016 - 11:01am | 266Read More...Shipping companies have seen extreme volatility over the past few days on little to no news. But on Thursday, the group was able to dissect an earnings report from Diana Shipping Inc. (NYSE: DSX). Diana Shipping reported a third-quarter loss of $0.35 per share on revenue of $27.1 million. Wall...
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DryShips' Incredible Whale Of A Tale Of The Tape Day
Thursday, November 10, 2016 - 4:57pm | 278Read More...DryShips Inc. (NASDAQ: DRYS) is an owner of dry-bulk carriers and offshore support vessels. The stock gained more than 150 percent on Thursday after the company reported its third-quarter results after Wednesday's market close. DryShips reported that it lost $7.70 per share on revenue of $50.76...
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Costamare Cut Its Dividend By 65% And Stock Fell 19% Tuesday
Wednesday, October 5, 2016 - 10:10am | 484Read More...Shares of Costamare Inc (NYSE: CMRE), a marine transportation provider with a fleet of approximately 70 container-ships, saw its stock plunge by 19 percent on Tuesday after the company reported an update to various financing arrangements and a dividend adjustment. New Financing Arrangements...
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Hanjin Shipping Receives Temporary Lifeline
Thursday, September 22, 2016 - 8:13am | 394Read More...South Korea-based Hanjin Shipping, one of the world's largest container mover and shipping companies, received a lifeline this week, as the company looms closer toward bankruptcy. Korea Development Bank offered the shipping company a conditional credit line of approximately 50 billion won ($45...
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The Near Collapse Of A Major Shipping Company Could Have 'Substantial Impact' On Consumers, Retailers
Friday, September 2, 2016 - 8:47am | 392Read More...South Korea-based Hanjin Shipping Co is one of the largest container shipping companies, and it may be on the verge of bankruptcy. According to Reuters, Hanjin lost the support of banks after a funding plan submitted by its parent group was not sufficient to address its nearly $5 billion debt load...
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Genco Shipping Gains 7%, Company Reaches Agreement With Lender To Extend Payment
Monday, April 11, 2016 - 9:59am | 131Read More...Shares of Genco Shipping & Trading Limited Ordinary Shares New (NYSE: GNK) traded higher by more than 7 percent Monday morning after the company announced it has reached an agreement with a lender to extend a payment. Genco Shipping stated it entered into an agreement with ABN Amro Capital in...
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Diana Shipping Gains 20%, Company Announces New $6,300 Per Day Charter Contract
Friday, April 8, 2016 - 2:46pm | 117Read More...Shares of Diana Shipping Inc. (NYSE: DSX) surged higher by nearly 20 percent on Friday after the company announced a contract win. Diana Shipping said that one of its wholly-owned subsidiary entered into a time charger contract with Quadra Commodities for the use of a Kamsarmax dry bulk vessel....
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Ocean Rig Shares Skyrocket After Buying 40% Stake Back From DryShips
Tuesday, April 5, 2016 - 11:53am | 199Read More...Shares of DryShips Inc. (NASDAQ: DRYS) plunged more than 7 percent on Tuesday and hit a new 52-week low of $1.91 after the company announced several business updates. DryShips said that it sold 3 of its vessels, including the Fakarava, Rangiroa and Negonego and the associated bank debt, to...
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Eagle Bulk Shipping Lower By 8% Following $105 Million Liquidity Raise Announcement
Thursday, March 31, 2016 - 7:48am | 243Read More...Eagle Bulk Shipping Inc (NASDAQ: EGLE), a global owner of Supermax dry bulk vessels, announced after Wednesday's close it has reached an agreement with its lenders and holders of its equity to raise $105 million. Eagle Bulk Shipping stated the transaction provides the company with $105...
