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Preview: Market Wire - Transportation and Logistics: Maritime

Marketwired - Maritime

Marketwired - Maritime

Last Build Date: Mon, 23 Jan 2017 04:03:26 EST

Copyright: Copyright: (C) Marketwired

Teekay LNG Contemplates Norwegian Bond Issuance

Mon, 23 Jan 2017 03:30:00 EST

HAMILTON, BERMUDA--(Marketwired - Jan. 23, 2017) - Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP) announces that it intends to issue new senior unsecured bonds in the Norwegian bond market through an add-on to its existing Norwegian bonds due in October 2021 (TKLNG04 - ISIN: NO0010777089). The net proceeds from the bonds are expected to be used for refinancing of existing bonds and/or general partnership purposes, which may include funding installment payments on future newbuilding deliveries.

Costamare Inc. Sets the Date for Its Fourth Quarter 2016 Results Release, Conference Call and Webcast

Fri, 20 Jan 2017 14:00:00 EST

Earnings Release: Thursday, January 26, 2017, After Market Close; Conference Call and Webcast: Friday, January 27, 2017, at 8:30a.m. ET

DryShips Acquires Its First Very Large Gas Carrier With a 5 Year Time Charter Attached to an Oil Major

Fri, 20 Jan 2017 08:45:00 EST

ATHENS, GREECE--(Marketwired - Jan 20, 2017) - DryShips Inc. (NASDAQ: DRYS) (the "Company"), a diversified owner of ocean group cargo vessels, announced today that it has acquired one Very Large Gas Carrier ("VLGC") currently under construction at Hyundai Heavy Industries ("HHI") for a purchase price of $83.5 million. The Company financed the closing price of $21.9 million by using part its undrawn liquidity under the $200.0 million New Sifnos Revolver, which now stands at $142.9 million. The $61.6 million balance of the purchase price for the VLGC will be payable in installments until the vessel's delivery from HHI.

DryShips Inc. Announces Reverse Stock Split

Thu, 19 Jan 2017 08:45:00 EST

ATHENS, GREECE--(Marketwired - Jan 19, 2017) -  DryShips Inc. (NASDAQ: DRYS) (the "Company" or "DryShips"), a diversified owner of ocean group cargo vessels, announced today that its Board of Directors (the "Board") has determined to effect a 1-for-8 reverse stock split of the Company's common shares. At the Company's annual general meeting of shareholders on October 26, 2016, the Company's shareholders approved the reverse stock split and granted the Board, or a duly constituted committee thereof, the authority to determine the exact split ratio and proceed with the reverse stock split.

Scorpio Tankers Inc. Announces a Commitment for a New $172 Million Credit Facility for its Eight MR Product Tankers under Construction

Thu, 19 Jan 2017 07:48:07 EST

MONACO--(Marketwired - January 19, 2017) - Scorpio Tankers Inc. (NYSE: STNG) (the "Company") announced today that the Company has received commitments for a loan facility of up to $172 million from a group of financial institutions including Macquarie Bank Limited (London Branch), DekaBank Deutsche Girozentrale ("DekaBank"), The Export-Import Bank of Korea ("KEXIM") and Garanti-Instituttet for Eksportkreditt ("GIEK"). The loan facility, which is composed of multiple tranches, will be used to finance up to 60% of the market value of eight MR product tankers under construction at Hyundai Mipo Dockyard Co., Ltd. which are scheduled for delivery in 2017 and 2018. The maturity date of each tranche is between six and 12 years from each drawdown date, and the facility bears interest at LIBOR plus a blended margin of 2.02% per annum. The terms and conditions, including financial covenants, are similar to those set forth in the Company's existing credit facilities. The loan facility is subject to customary conditions precedent and the execution of definitive documentation.

Artesyn and Hyukshin Collaborate on SIL4 Rail Signaling Solutions

Wed, 18 Jan 2017 22:42:37 EST

HONG KONG, CHINA--(Marketwired - Jan 18, 2017) - Artesyn Embedded Technologies today announced a collaboration with Hyukshin Engineering Co., Ltd, a leading rail integrator in South Korea, for the development of rail signaling solutions based on Artesyn's ControlSafeT Platform. The two companies have signed a memorandum of understanding (MOU) for broad cooperation on the development of safety integrity level 4 (SIL4) commercial-off-the-shelf (COTS) systems for train control and rail signaling.

FLIR Systems to Release Fourth Quarter and Full-Year 2016 Financial Results on Tuesday, February 14, 2017

Wed, 18 Jan 2017 17:01:38 EST

WILSONVILLE, OR--(Marketwired - Jan 18, 2017) - FLIR Systems, Inc. (NASDAQ: FLIR) today announced that it plans to release financial results for the fourth quarter and full-year ended December 31, 2016, at approximately 7:30 a.m. ET (4:30 a.m. PT) on Tuesday, February 14, 2017. At this time, a summary presentation of fourth quarter financial results and operating highlights will also be available online from a link in the Events & Presentations section of Summary fourth quarter and full-year financial data, including segment details, will be available soon after the release of the fourth quarter results and may be accessed online from the Financial Info Database section at

Malibu Boats, Inc. Announces Earnings Release Date and Conference Call Information for Second Quarter Fiscal 2017 Financial Results

Wed, 18 Jan 2017 16:30:00 EST

LOUDON, TN--(Marketwired - January 18, 2017) - Malibu Boats, Inc. (NASDAQ: MBUU) announced today that it will release its second quarter fiscal 2017 financial results on Wednesday, February 1, 2017 before the market opens. Following the release, the company's management will host a conference call to discuss the results at 8:30 a.m. Eastern Time on the same day.

Capital Product Partners L.P. Announces Increased Cash Distribution

Wed, 18 Jan 2017 16:05:00 EST

ATHENS, GREECE--(Marketwired - Jan 18, 2017) -  Capital Product Partners L.P. (NASDAQ: CPLP) today announced that its board of directors has declared a cash distribution of $0.08 per common unit for the fourth quarter of 2016 ended December 31, 2016, which represents an increase of $0.005 from $0.075 per unit for the third quarter of 2016.

Echo Global Logistics Fourth Quarter 2016 Earnings Release and Conference Call Scheduled for Wednesday, February 8, 2017

Wed, 18 Jan 2017 16:01:00 EST

CHICAGO, IL--(Marketwired - Jan 18, 2017) - Echo Global Logistics, Inc. (NASDAQ: ECHO), a leading provider of technology-enabled transportation and supply chain management services, announced today that it will release fourth quarter 2016 earnings results after the market close on Wednesday, February 8, 2017.

Axios Issues Shares for Interest

Tue, 17 Jan 2017 21:58:48 EST

MISSISSAUGA, ON--(Marketwired - Jan 17, 2017) - Axios Mobile Assets Corp. (TSX VENTURE: AXA) ("Axios" or the "Company") announced today that it has issued an aggregate of 505,456 common shares at a deemed price of $0.0825 per share in respect of $41,700 of interest owing under certain previously issued debentures of the Company. The shares are being issued pursuant to the terms of the debentures for the interest owing between October 1, 2016 and December 31, 2016. Each share is subject to a hold period of four months and one day expiring on May 18, 2017.

BigRentz Appoints Scott Cannon as President and COO

Tue, 17 Jan 2017 11:51:01 EST

IRVINE, CA--(Marketwired - Jan 17, 2017) - BigRentz, the world's largest equipment rental network, today announced the appointment of Scott Cannon as president and chief operating officer. Cannon comes to BigRentz with more than 15 years of experience developing high-growth, mid-sized companies, most recently serving as CEO of MNX Global Logistics, a premier provider of specialized, expedited transportation and logistics services. As president and COO of BigRentz, Cannon will be responsible for driving the day-to-day operations of the business.

Capital Product Partners L.P. Schedules Fourth Quarter 2016 Earnings Release, Conference Call and Webcast

Tue, 17 Jan 2017 09:00:00 EST

ATHENS, GREECE--(Marketwired - Jan 17, 2017) - Capital Product Partners L.P. (the "Partnership") (NASDAQ: CPLP), an international diversified shipping partnership, announced today that before the NASDAQ market opens on Tuesday, January 31, 2017, the Partnership will release financial results for the fourth quarter ended December 31, 2016.

Star Bulk Announces Date for the Release of Fourth Quarter and Year Ended December 31, 2016 Results, Conference Call and Webcast

Tue, 17 Jan 2017 09:00:00 EST

ATHENS, GREECE--(Marketwired - Jan 17, 2017) - Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ: SBLK) today announced that it will release its results for the fourth quarter and year ended December 31, 2016 after the market closes in New York on Wednesday, February 22, 2017. Star Bulk's management team will host a conference call to discuss the Company's financial results on Thursday, February 23, 2017 at 11:00 a.m. Eastern Time (ET).

Euroseas Ltd. Announces Delivery of Newbuilding Ultramax Drybulk Carrier

Tue, 17 Jan 2017 09:00:00 EST

MAROUSSI, ATHENS, GREECE--(Marketwired - Jan 17, 2017) - Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today that it took delivery of the previously announced acquisition of the newbuilding Hull DY 160, to be renamed Alexandros P, a 63,500 dwt fuel efficient Ultramax drybulk carrier built in January 2017.

CargoSphere Announces eSUDS for Ocean Carriers to Digitally Speed Confidential Rates to Customers

Tue, 17 Jan 2017 08:22:00 EST

Cloud-based Rate Mesh connects parties, automatically shares rate updates in real-time

Nippon Sheet Glass' UMU Products Subsidiary to Produce SPD-SmartGlass Architectural Window Products Licensed by Research Frontiers

Tue, 17 Jan 2017 08:00:00 EST

CHIBA, JAPAN and WOODBURY, NY--(Marketwired - January 17, 2017) - Research Frontiers (NASDAQ: REFR) and NSG UMU Products Co., Ltd. announced today that UMU Products has acquired a license from Research Frontiers Inc. to produce and sell SPD-SmartGlass architectural intelligent products throughout the United States, Canada, Mexico, Japan, the People's Republic of China and Taiwan. The non-exclusive license grants UMU Products, a subsidiary of world-leading glass manufacturer Nippon Sheet Glass, the right to manufacture and sell SPD-SmartGlass products including windows, doors, solar shading screens, curtainwalls, skylights and other intelligent smart glass architectural products. The license provides for a 15% royalty to Research Frontiers on sales of licensed SPD-SmartGlass products. The minimum annual royalties and other fees and license terms were not disclosed.

Vice President-Elect Mike Pence to Deliver Remarks to the Nation's Mayors

Mon, 16 Jan 2017 19:28:16 EST

Tuesday, January 17th, Capital Hilton Hotel, Washington, D.C.: More Than 300 Mayors Slated to Attend the United States Conference of Mayors 85th Winter Meeting During Presidential Inaugural Week