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Katie Dale

Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.

More From Katie Dale

  • Industrials

    Scorpio Tankers’ shares in Dorian to be registered for resale

    Dorian will be registering for resale, under the Securities Act of 1933 as amended, all the Dorian shares that Scorpio Tankers (STNG) owns. Scorpio Tankers currently owns approximately 9.4 million shares, or 16.3%, of Dorian.

    By Katie Dale
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    Energy & Utilities

    Spot and futures oil prices create offshore storage

    Contango allows traders to lock in profits by buying oil now and selling it forward for later delivery. In July, the oil market flipped into prolonged contango for the first time since 2010.

    By Katie Dale
  • Energy & Utilities

    Must-know: Why products supplied are increasing

    For the week ending October 3, 2014, total products supplied were 19 million barrels per day (or bpd)—compared to 18.6 million bpd in the first week of September.

    By Katie Dale
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    Earnings Report

    Navios Maritime Acquisition fleet enjoys profitable charter rates

    A strong increase in tanker rates is allowing Navios Maritime Acquisition to secure attractive contract periods for its fleet of charters.

    By Katie Dale
  • Basic Materials

    China’s iron ore market dynamics: A positive for Star Bulk

    Star Bulk (SBLK) believes that the substitution of expensive Chinese iron ore production with imported iron ore can provide a significant support to iron ore trade, even with zero steel production growth.

    By Katie Dale
  • Energy & Utilities

    Global scenario of steel and coal is affecting shipping industry

    According to the World Steel Association estimates, global steel use will increase by 3.1% to 1.53 billion metric tons in 2014. It will increase by another 3.3% in 2015 to reach 1.58 billion metric tons.

    By Katie Dale
  • Basic Materials

    China’s iron ore imports are on a roll as coal imports narrow

    China is the world’s top iron ore and coal consumer. China imports almost 60% of the world’s seaborne iron ore, while its coal trade accounts for almost a quarter of the global trade.

    By Katie Dale
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    Earnings Report

    Navios Maritime Acquisition profit sharing, cash, and dividends

    For the full-year 2015, Navios Maritime Acquisition expects to pay dividends of $15.7 million. A 4Q 2014 dividend of $0.05 per share will be paid in April.

    By Katie Dale
  • Energy & Utilities

    Why rising EBITDA and net income are positive for Navios Maritime

    NMM recorded an increase of $1.8 million in its EBITDA to $37.5 million for the three-month period ending September 30, 2014—compared to $35.6 million for the same period in 2013.

    By Katie Dale
  • Energy & Utilities

    Ship Finance yields strong dividend payouts for investors

    At the end of the second quarter, Ship Finance reported more than $60 million of free cash—after the delivery of a Suezmax new building without leverage.

    By Katie Dale
  • Energy & Utilities

    Why Navios Acquisition’s valuations attracts investor interest

    With lower vessel operating expenses and high cash flow to meet its debt obligations, NNA presents an attractive opportunity.

    By Katie Dale
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    Earnings Report

    China’s oil consumption projected to keep fleet afloat

    Since January 2009, China’s oil imports have more than doubled, at a 16% compounded annual growth rate. It will need ~14 million barrels per day by 2035.

    By Katie Dale
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    Industrials

    Scorpio Tankers adopts a shift in charter mix

    For the third quarter of 2014, the charter hire expense increased $1.1 million to $32.9 million, from $31.9 million in the year ago quarter.

    By Katie Dale
  • Energy & Utilities

    Why China’s iron ore port inventory is marginally higher

    China buys around two-thirds of the world’s iron ore—iron ore supply in China outpaced demand by 52 million tons in the first half of 2014, according to the China Iron and Steel Association (or CISA).

    By Katie Dale
  • Energy & Utilities

    Rising time charter equivalents increased Navios Holdings’ revenue

    For the second quarter of 2014, Navios Maritime Holdings (NM) recorded revenue of $145.4 million compared to $125.6 million in the corresponding quarter a year ago

    By Katie Dale
  • Energy & Utilities

    Why Diana kept buying after its fleet capacity grew 23.75% in 2013

    The year 2013 was characterized by significant expansion of Diana Shipping Inc.’s (DSX) fleet, as the dry bulk shipping industry turned a corner.

    By Katie Dale
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    Earnings Report

    Despite dividends, Navios is still unattractive to many investors

    Dividend yield for Navios Maritime Partners currently stands at 15.8% with the company recently paying a dividend of $0.4425 per common unit.

    By Katie Dale
  • Energy & Utilities

    Why 5- and 10-year Very Large Crude Carrier prices are consistent

    Five-year-old VLCC prices remained consistent, at $75 million, with the previous month’s levels. Year-over-year prices increased by 36%. Ten-year-old VLCC prices stood unchanged at $48 million and increased by 41.2% year-over-year.

    By Katie Dale
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    Energy & Utilities

    Why can Navios Partners give out higher distributions?

    While Navios Maritime Partners (NMM) is less sensitive to shipping cycles because of its longer-term contracts and staged expirations, it’s still subject to market rates when contracts roll over.

    By Katie Dale
  • Energy & Utilities

    DryShips tries to reduce debt and improve its value-to-loan ratio

    There’s no denying that debt is DryShips’ main concern going forward. The company’s debt stood at a total of $6 billion at the end of the first quarter, up around $500 million quarter-over-quarter.

    By Katie Dale
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    Macroeconomic Analysis

    Why China’s iron ore and coal imports declined

    China imports almost 60% of the world’s seaborne iron ore while its coal trade accounts for almost a quarter of the global trade.

    By Katie Dale
  • Industrials

    Assessing dry bulk shipping industry players and performance

    Growing construction activity in the global arena leads to significant demand for iron ore and coking coal, which expands the seaborne trade of these dry bulk commodities.

    By Katie Dale
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    Basic Materials

    Dry bulk shipping industry players and performance

    China accounts for a major share of dry bulk commodities’ imports and exports. In the past three months, the Guggenheim Shipping ETF (SEA) dropped 6.1%.

    By Katie Dale
  • Energy & Utilities

    Why a high cash breakeven cost is risky for Frontline

    The cash breakeven costs are the daily rates of Frontline’s (or FRO) vessels. They have to earn the rates to cover budgeted operating costs and dry dock, estimated interest expense, payable at hire, and corporate overhead costs.

    By Katie Dale
  • Energy & Utilities

    Must-know: The tanker industry’s outlook from the supply side

    FRO’s management commented that higher vessel scrapping supports the orderbook. However, the second quarter witnessed a fairly balanced fleet development.

    By Katie Dale
  • Energy & Utilities

    Must-know: NNA’s global growth outlook

    Global growth Navios Maritime Acquisition’s (NNA) management cites the International Monetary Fund’s (or IMF) projected growth for 2014 and 2015 at 3.4%, and developing markets growth of 4.6% in 2014 and 5.2% in 2015. Meanwhile, the International Energy Association (or IEA) projects global oil demand growth to rise by 1 million barrels per day to […]

    By Katie Dale
  • Energy & Utilities

    Why the Baltic Dry Index is decreasing

    The Baltic Dry Index measures the cost of major raw materials. The raw materials are transported by sea in the global economy. It indicates a strict demand supply price situation.

    By Katie Dale
  • Energy & Utilities

    Must-know: NNA’s balance sheet and management outlook

    At the end of the second quarter, Navios Maritime Acquisition’s (NNA) total assets amounted to $1.8 billion while total debt stood at $1,252 billion.

    By Katie Dale
  • Energy & Utilities

    China’s thermal power output recorded a downfall

    China’s power consumption in August was 502.5 billion kilowatt hours (or kWh). This was a decline of 1.5% from the levels last year.

    By Katie Dale
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    Energy & Utilities

    Why investors should look into DryShips’ financing commitments

    DRYS has received firm commitments for a total of up to $520 million from ABN AMRO and Nordea Bank. This is the first major milestone towards the refinancing of the company’s 5% convertible notes maturing in December.

    By Katie Dale
  • Energy & Utilities

    Why Frontline is on the verge of bankruptcy

    Industry analysts suggest that investors should avoid Frontline because of the bankruptcy risk. Currently, the company is facing bankruptcy. This is led by the $190 million bond that’s due in April 2015.

    By Katie Dale
  • Energy & Utilities

    Must-know: September’s 5-year and 10-year ship prices

    Second-hand vessel values were led by quicker deliveries. Price movements in second-hand vessels tend to reflect industry participants’ expectations for medium-term fundamentals.

    By Katie Dale
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    Macroeconomic Analysis

    Is the Baltic Dirty Tanker Index trying to gain positive ground?

    On a YTD basis, the Baltic Dirty Tanker Index declined 5% to 841 on February 20, 2015. On a YoY basis, the index recorded a 10.50% increase.

    By Katie Dale
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    Energy & Utilities

    Why orderbook and scrapping are positive for dry bulk stocks

    For the first seven months of 2014, 30.6 million deadweight tonnes (DWT) were actually delivered versus the projection of 47.6 million DWT. The non-delivery rate through July was about 36%.

    By Katie Dale
  • Energy & Utilities

    Why the overall industry outlook is mismatching Frontline

    The company has seen the improved tanker market in the third quarter. This could continue into and passed the winter market. However, the company is still facing a challenging debt situation.

    By Katie Dale
  • Energy & Utilities

    Must-know: Baltic Dry Index bouncing from its 52-week low

    The Baltic Exchange Dry Bulk Index (BDIY) is a composite of rates for different ship sizes factoring in the average daily earnings of capsize, panama, supramax, and handysize dry bulk transport vessels.

    By Katie Dale
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    Energy & Utilities

    Must-know: Why the crude tanker orderbook is expanding

    In order to assess the industry’s fundamental outlook, managers use the oil tanker orderbook. It’s an important yardstick. It includes the number of ships that have been ordered and the number of ships under construction. A rising orderbook usually suggests that oil tankers have a better expectation for future supply and demand dynamics.

    By Katie Dale
  • Energy & Utilities

    Must-know: Balance sheet and leverage ratios analysis

    As of June 30, 2014, Frontline’s (or FRO) cash decreased by $49 million. Newbuilding installments of $41.5 million were paid in the quarter. Restricted cash in ITCL decreased by $38 million.

    By Katie Dale
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    Basic Materials

    Tankships seeks to expand its fleet size through acquisitions

    Tankships seeks to expand its fleet size through timely and selective acquisitions of additional secondhand modern tankers and the available optional vessels.

    By Katie Dale
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    Macroeconomic Analysis

    Why the dry bulk shipping industry is weakening

    Numerous factors like world economic growth and commodity supply and demand affect the dry bulk shipping industry.

    By Katie Dale
  • Energy & Utilities

    Why NNA’s bottom line dipped due to one-time items

    In 2Q14, Navios Maritime Acquisition (NNA) increased its EBITDA (earnings before interest, tax, depreciation, and amortization) by $5.6 million.

    By Katie Dale
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    Energy & Utilities

    A must-read overview of DryShips’ 2nd quarter 2014 earnings

    Formed in September 2004, DryShips Inc. (DRYS) is a global shipping transportation company. It offers ocean transportation services for dry bulk cargoes and crude oil worldwide.

    By Katie Dale
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    Energy & Utilities

    Tankships boasts strong management with years of experience

    An experienced management team strengthens the Tankships’ foundation. George Economou will serve as its chairman, president, and CEO.

    By Katie Dale
  • Energy & Utilities

    Why Canadian crude exports to the US are on a high

    According to the U.S. Energy Information Administration (or EIA), for the week ending September 12, 2014, U.S. crude oil imports from Canada hit a record high of 2.99 million barrels per day (or bpd). This was a 20% increase from the same period last year. Meanwhile, the four-week average on September 12 was 2.93 million bpd.

    By Katie Dale
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    Industrials

    Outlook for global growth and tanker fleet for Teekay Tankers

    Looking ahead to 2015, Teekay Tankers Ltd. (TNK) forecasts 2.0% net global tanker fleet growth with major contribution from the product tanker sector. There is a negative fleet growth estimate for the Suezmax and uncoated Aframax sectors.

    By Katie Dale
  • Energy & Utilities

    China stimulus to boost economic growth, benefit commodities

    The stimulus measures introduced by China follow a string of weak economic data released in August. With higher credit available, China’s big banks are expected to channel funds into areas of economic importance.

    By Katie Dale
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    Earnings Report

    Diana Shipping’s Investment Strategy and Market Outlook

    Diana Shipping’s investment strategy is to preserve the strength and integrity of its balance sheet and gradually increase its leverage as asset values weaken.

    By Katie Dale
  • Energy & Utilities

    Why NNA liquidity position supports company growth and dividends

    For the second quarter 2014, NNA’s board of directors declared a quarterly cash dividend of $0.05 per share on its common stock payable on October 2, 2014

    By Katie Dale
  • Energy & Utilities

    Why the Baltic Dirty Tanker Index going south

    Analysts and money managers follow the Baltic Dirty Tanker Index (or BDTI). They follow the Index to assess the crude oil shipping industry’s revenue and earnings potential. The Baltic Dirty Tanker Index decreased to 699 on August 29, 2014. It was 826 at the beginning of the month.

    By Katie Dale
  • Energy & Utilities

    Must-know: NNA vessel deliveries enhance material growth

    In June 2014, NNA delivered the Nave Neutrino, a 2003-built VLCC (very large crude carrier) of 298,287 dwt (or deadweight tonage), for a purchase price of $43.5 million.

    By Katie Dale
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    Energy & Utilities

    Why equity is Tankships’ principle source of funds

    Stockholders provided the equity through equity offerings, operating cash flows, and long-term borrowings. These funds have been treated as capital expenditures.

    By Katie Dale
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    Energy & Utilities

    Tankships emerges in the crude oil transportation industry

    Tankships Investment Holdings Inc. (TNKS) is an international shipping company. It provides worldwide seaborne transportation of crude oil petroleum.

    By Katie Dale
  • Energy & Utilities

    Must know: China’s crude steel production edging upwards

    China’s steel production mills are reluctant to reduce output for fear credit could be cut off and market share captured by rival producers.

    By Katie Dale
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    Macroeconomic Analysis

    Why the Baltic Dry Index dipped in November

    Despite a decline in fuel prices, the Baltic Dry Index has recorded an approximate 40% drop since the start of November and a 62% decline year-to-date.

    By Katie Dale
  • Consumer

    Why Noodles and Company’s 2Q14 revenue increased

    NDLS released its 2Q14 earnings on August 13, 2014. The company’s stock price dipped 16.7% since its release date—compared to its current price of $21.75.

    By Katie Dale
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    Energy & Utilities

    Why Teekay’s spot market outlook and valuations attract investors

    Industry analysts believe that stronger oil demand, contained growth in crude tanker fleets, and improving economic conditions should support the average spot tanker rates remaining firm in 2014.

    By Katie Dale
  • Energy & Utilities

    Why Navios Holdings’ low cash breakeven rate makes it attractive

    Navios Maritime Holdings’ (NM) low daily cash break-even rate allows the company to enjoy significant cash flow regardless of whether the market returns to historical norms.

    By Katie Dale
  • Energy & Utilities

    New deliveries drive increased Ship Finance revenue

    The liner service is an organization-intensive business in which speed, reliability, and high service levels are important.

    By Katie Dale
  • Energy & Utilities

    Overview: Maintaining a perfect, modern, and young fleet size

    SB has paid six additional new eco-design newbuild vessels on order.

    By Katie Dale
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    Industrials

    Star Bulk comments on coal and grain

    Star Bulk believes the recent coal import restrictions were minimal, while the freight rate agreement signing between Australia and China can be a positive development.

    By Katie Dale
  • Energy & Utilities

    Why the fundamental stock analysis is positive for the future

    DryShips expects that iron ore production will increase in the next three years, which will increase the demand for transportation.

    By Katie Dale
  • Energy & Utilities

    Why TNP’s partnerships create value and positive outlook

    Tsakos Energy Navigation Limited’s (or TNP) management believes that the value created by its new partnerships will be profitable for the company. This will be reflected in its valuations. The company’s CEO believes that TNP performed stronger for the first half of 2014. This was mainly because it reinforced its strategy to focus on the versatile and diversified fleet in the crude sector.

    By Katie Dale
  • Energy & Utilities

    Why Teekay Tankers has high liquidity and leverage ratios

    With TK evolving from a small player to global marine midstream service provider, the company has garnered significant advantages and a strong standing in the industry.

    By Katie Dale
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    Energy & Utilities

    US crude imports dip on surging domestic production

    For the last four-weeks as of December 12, 2014, US crude oil imports were 1.9% lower than the same period in 2013 due to high domestically produced oil.

    By Katie Dale
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    Energy & Utilities

    Why declining time charter rates dented revenue

    During the quarter, Safe Bulkers operated 31 vessels with a time charter equivalent rate of $11,642—compared to 26 vessels with time charter equivalent rate of $17,116 during 2Q13. The weighted average time charter equivalent of the Baltic Panamax (or BPI) and Baltic Capesize (or BCI) indices stood at $6,846 for 2Q14.

    By Katie Dale
  • Energy & Utilities

    Why the product tanker market is bright

    In the product tanker sector, demand for transportation expressed in terms of ton miles for the period 2004 to 2013 increased by almost 77%.

    By Katie Dale
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    Earnings Report

    Oil price drop leads to higher very-large-crude-carrier rates

    As current fuel prices fall below log-time inflation, the adjusted average oil price leads to contango, and that drives VLCC rates higher.

    By Katie Dale
  • Industrials

    Dry bulk orderbook falls in October, showing lower expectations

    Ship orders’ importance Orderbook is an indicator that investors can track for the longer run, as dry bulk ships generally take one or two years to construct. Managers’ expectations of future supply and demand differences reflect in the number of ships they order. Rising and falling ship orders indicate the different market scenarios. When managers refrain from purchasing […]

    By Katie Dale
  • Consumer

    Why Fiesta Restaurant Group is seeing significant growth

    At the end of the second quarter, Fiesta Restaurant Group’s net income increased 87.4% to $9.3 million, compared to net income of $5 million in 2Q13.

    By Katie Dale
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    Earnings Report

    Why maturing contracts are a risk to Navios Maritime Partners

    Navios Maritime Partners has a modern, diverse fleet of 32 vessels with 3.3 million DWT and an average age of 7.5 years for its combined fleet.

    By Katie Dale
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    Energy & Utilities

    The crude tanker industry and its performance

    Energy transport is driven by global economic growth and dislocation of consumption and production, reflected in cyclical freight rates that vary according to vessel supply and demand.

    By Katie Dale
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    Industrials

    Depreciation expense increases; Star Bulk addresses capex fund

    Star Bulk’s depreciation and interest costs Star Bulk Carriers Corp.’s (SBLK) depreciation expense increased to $10.7 million for the third quarter of 2014, compared to $4.0 million for the third quarter of 2013. The increase was due to the increase in the company’s average number of vessels in its fleet and the corresponding increase in […]

    By Katie Dale
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    Industrials

    What is Star Bulk’s vessel financing status?

    Due to rapid expansion, Star Bulk’s financing levels are higher compared to its industry peers.

    By Katie Dale
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    Industrials

    Changes in Star Bulk’s management fees and operating and net income

    Star Bulk’s management fee income is at $0.3 million compared to $0.5 million for 3Q13, due mainly to a decrease in the number of vessels under management.

    By Katie Dale
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    Industrials

    Star Bulk’s liquidity and cash flow

    This part covers Star Bulk’s cash flow numbers given the company’s rapid expansion of its fleet size through acquisitions and other related developments.

    By Katie Dale
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    Energy & Utilities

    India oil imports rise with falling prices

    India’s overall imports for the month of November totaled 3.86 million barrels per day (or bpd), a growth of about 6.8% from a year ago.

    By Katie Dale
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    Industrials

    Dry bulk trade demands Star Bulk dynamics

    Star Bulk management stated that commodity demand remains healthy, while substantial supply expansion has resulted in surpluses across various commodity markets.

    By Katie Dale
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    Energy & Utilities

    Effect of product supplied on crude tankers

    With product supplied rising on a year-over-year comparison, crude tanker companies are likely to be in the positive.

    By Katie Dale
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    Real Estate

    Newbuild prices record marginal change

    Newbuild VLCC (very large crude carrier) prices for the month of November 2014 decreased to $97.7 million compared to $98.1 million in October 2014.

    By Katie Dale
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    Industrials

    Overview: Star Bulk Carriers’ earnings and fleet

    Star Bulk Carriers’ fleet includes 52 operating vessels, 16 second-hand vessels yet to be delivered, and 35 newbuilding vessels still under construction.

    By Katie Dale
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    Industrials

    Perfect timing for Star Bulk’s fleet acquisition

    Star Bulk merged with Ocean Bulk in July, right after the high price levels of March weakened. It took advantage of even lower vessel prices in its Excel acquisition in August.

    By Katie Dale
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    Industrials

    A review of Frontline and its fleet

    Frontline Ltd. (FRO) is engaged mainly in the ownership or operation of oil tankers used to transport crude oil. It’s owned by Norwegian shipping magnate John Fredriksen.

    By Katie Dale
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    Industrials

    Analysis of Frontline’s balance sheet

    As of September 30, 2014, Frontline Ltd.’s (FRO) cash and cash equivalents increased to $104.6 million from $79.3 million as of September 30, 2013.

    By Katie Dale
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    Industrials

    Frontline comments on global shipping industry

    Frontline recorded better vessel earnings compared to the second quarter. Improved fleet utilization was due to increased travel distance driven by crude moving from the Atlantic Basin to China.

    By Katie Dale
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    Industrials

    Teekay Tankers: Overview of its earnings and fleet

    The revenue mix for Teekay Tankers Ltd. (TNK) is largely contributed by the net pool revenues. The company has developed secured charter-in contracts and created a significant base for the company’s future growth.

    By Katie Dale
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    Industrials

    Spot tanker rates push up Teekay’s cash available for distribution

    Teekay Tankers generated $16.2 million, or $0.19 per share, in the third quarter of 2014 of cash available for distribution (or CAD). This compared to $8.7 million, or $0.10 per share, in the third quarter of 2013.

    By Katie Dale
  • Industrials

    Scorpio Tankers prices its public offering of unsecured notes

    Lower borrowing costs through KEXIM financing In July 2014, Scorpio Tankers Inc. (STNG) participated in the previously announced offering of $125.2 million in shipping aggregate principal amount of floating rate guaranteed notes due in 2019 (the KEXIM notes). These notes have reduced Export-Import Bank of Korea’s (or KEXIM’s) funding obligations under Scorpio Tankers’ KEXIM credit […]

    By Katie Dale
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    Industrials

    Five-year and ten-year VLCC prices increase

    With faster deliveries and employment of vessels, secondhand vessels tend to reflect industry participants’ expectations for medium-term fundamentals.

    By Katie Dale
  • Industrials

    Why NNA’s cash flow bridged after the NAP transaction

    As of September 30, 2014, cash and cash equivalents, including NNA’s restricted cash, totaled $72.3 million—compared to $107.8 million recorded as of December 31, 2013.

    By Katie Dale
  • Industrials

    Navios Acquisition has a cautious financial strategy

    NNA’s senior notes mature at the end of 2021. There aren’t any debt maturities on bank debt until 2016. NNA estimates that leverage ratios will continue to decrease.

    By Katie Dale
  • Industrials

    NNA’s crude tankers and VLCC market fundamentals

    Navios Maritime Acquisition’s (NNA) management commented that for 2004–2013, transportation demand—expressed in ton miles—is expected to increase by ~77%.

    By Katie Dale
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    Industrials

    What are the benefits of Scorpio Tankers’ newbuilding program?

    Scorpio Tankers’ management believes that with the newbuilding program, the company over the summer finally turned the corner of having more ships on the water than vessels under construction at shipyards.

    By Katie Dale
  • Industrials

    Perfect time for Scorpio Tankers to foray the market

    Scorpio Tankers is at the beginning of what could be a strong winter season for product tankers, and the company is extremely well positioned to take advantage of it.

    By Katie Dale
  • Industrials

    New buyback program approved by Scorpio Tankers

    On July 28, 2014, the board of directors of Scorpio Tankers (STNG) approved a new stock buyback program with authorization to purchase up to $150 million of its common stock.

    By Katie Dale
  • Industrials

    Navios Acquisition’s positive revenue and net income

    With an expanding vessel base and increasing available days, NNA recorded a significant increase in revenue. The company’s bottom line generated profits.

    By Katie Dale
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    Industrials

    The Baltic Dirty Tanker Index impacts the shipping industry

    In order to determine the crude oil shipping industry’s revenues and earnings, analysts and money managers follow the Baltic Dirty Tanker Index.

    By Katie Dale
  • Industrials

    Product supplied recorded an increase during the week

    For the week ending November 21, total product supplied was 20.5 million barrels per day—compared to 20.1 million barrels per day in the third week of October.

    By Katie Dale
  • Industrials

    DryShips improves its time charter equivalent and outlook

    DryShips notes that it has significant leverage in the dry bulk and tanker spot markets. So, positive developments in these sectors will result in substantial cash flow to its bottom line.

    By Katie Dale
  • Industrials

    DryShips’ common equity and secured credit facilities

    George Economou, the company’s chairman, president, and chief executive officer, purchased $80 million, or 57.1 million shares of common stock at the public offering price. With this purchase, Economou increased his ownership in DryShips to 16.9%.

    By Katie Dale
  • Industrials

    DryShips’ dry bulk and crude tanker fleet statistics

    Orderbooks of Suezmax and Aframax fleets remain at manageable levels, with the majority of new orders due for delivery in the second half of 2016 or later.

    By Katie Dale
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