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The Baltic Dry Index (BDIY:IND) rose 3.08% to land at 1,273 points and record a fifth straight day of gains. Positive moves were seen across vessel types with indexes for Capesize (+6.89%), Panamax (+0.44%), Supramax (+0.69%) and Handysize (+0.69%) all higher. Related stocks: Diana Shipping (...
Scorpio Bulkers (SALT) enters into an agreement with an unaffiliated third party to sell the SBI Zumba, a Kamsarmax bulk carrier built in 2016, for ~$20M. Delivery of the vessel is expected to take place in the first quarter of 2021. For further details see: Scorpio Bulkers t...
Scorpio Bulkers is transitioning its business model and getting ready for the age of windmills. Selling its bulker fleet to replace it with windmill installation vessels. I figured the Biden energy agenda would be a boon to Scorpio's plan. I interview maritime technology speci...
Company in the process of selling its drybulk carrier fleet and transitioning into the renewable energy space. Contract signing announcement for the construction of a high specification wind turbine installation vessel expected any day now. With valuation soon no longer tied to th...
Value Investor's Edge Live continues with this latest episode focused on the dry bulk segment of the shipping industry. Hamish Norton, President of SBLK, joined us along with co-CFOs Christos Begleris and Simos Spyrou, and Head of Research Constantinos Simantiras. We reviewed the ...
SALT has been left for dead. It is a beaten-down stock in a beaten-down industry. Just a few months ago, it issued equity at $18+ and now trades at $16. This company doesn't need to be successful to potentially double from here while it is derisking. For further details ...
Scorpio Bulkers (SALT) entered into an agreement with an unaffiliated third party to sell the SBI Bravo, SBI Antares, SBI Hydra, and SBI Maia, Ultramax bulk carriers built in 2015, for ~$67M in aggregate.Delivery of the vessels is expected to take place in the Q121.Shares +1.75% pre...
MONACO, Nov. 27, 2020 (GLOBE NEWSWIRE) -- Scorpio Bulkers Inc. (NYSE: SALT) (the “Company”) announced today that the Company has entered into an agreement with an unaffiliated third party to sell the SBI Bravo, SBI Antares, SBI Hydra, and SBI Maia, Ultramax bulk carriers built...
Eagle Bulk Shipping ([[EGLE]] +4.3%) CEO Gary Vogel, Genco Shipping & Trading ([[GNK]] +3.8%) CEO John Wobensmith and Star Bulk Carriers ([[SBLK]] +2.8%) CEO Hamish Norton took part in a Marine Money panel discussion on the dry cargo market at the Marine Money Virtual Ship Finance Forum t...
Scorpio Bulkers (SALT) says it agrees to sell five Kamsarmax bulk carriers to two unnamed parties for a combined $101.5M.The vessels are the SBI Parapara, SBI Jive, SBI Swing and SBI Mazurka bulk carriers built in 2017, and the SBI Reggae, built in 2016.The company says it has now sold 13 bul...
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ST. JOHN'S NEWFOUNDLAND AND LABRADOR / ACCESSWIRE / May 1, 2024 / Atlas Salt Inc. ("Atlas" or the "Company")(TSXV:SALT)(OTCQB:REMRF) announces the filing of an amended technical report (the "Amended Technical Report") for the Great Atlantic Salt Project (the "Project"), following a routine conti...
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR, CA / ACCESSWIRE / April 24, 2024 / Atlas Salt Inc. ("Atlas" or the "Company") (TSXV:SALT)(OTCQB:REMRF) is pleased to announce that it has filed its year-end audited financial statements and Management Discussions and Analysis ("MD&A") as of December 3...
ST. JOHN'S, NL / ACCESSWIRE / April 19, 2024 / Atlas Salt Inc. ("Atlas" or the "Company"; (TSXV:SALT)(OTCQB:REMRF) is pleased to announce that the Honourable Bernard Davis, Newfoundland and Labrador (NL) Minister of Environment and Climate Change, has released the proposed Great Atlantic Salt Pr...