Signed Agreements, Resolutions, Successful Biddings, Public Offerings, and Other Announcements - Research Report on DryShips, Golar, Diana, NewLead, and Navios Partners
NEW YORK, October 1, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Investors' Reports announced new research reports highlighting DryShips Inc. (NASDAQ: DRYS), Golar LNG Limited (NASDAQ: GLNG), Diana Shipping Inc. (NYSE: DSX), NewLead Holdings Ltd. (NASDAQ: NEWL), and Navios Maritime Partners L.P. (NYSE: NMM). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
DryShips Inc. Research Report
On September 3, 2013, DryShips Inc. (DryShips) reported that its subsidiary Ocean Rig UDW Inc. (Ocean Rig) has signed a supplemental agreement to amend specific provisions in its c.$1.4 billion Senior Secured Facility, dated February 28, 2013. Under the terms of this agreement, the current dividend restriction of up to 50% of preceding fiscal year net income will be amended to apply on a cumulative basis from July 1, 2013 onwards and include a carve-out to pay additional dividends up to the higher of $150 million and 5% of the Ocean Rig's net tangible assets. DryShips also stated that the minimum interest coverage ratio requirement will be 2.0 times until June 30, 2015, and the maximum leverage ratio will be 6.5 times until June 30, 2014, 6.0 times until December 31, 2014, and 5.5 times until June 30, 2015. The Full Research Report on DryShips Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-26/DRYS]
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Golar LNG Limited Research Report
On September 23, 2013, Golar LNG limited (Golar) informed that its 2013 Annual General Meeting (AGM) held on September 20, 2013, 11:10 a.m., at the Elbow Beach Hotel, 60 South Shore Road, Paget PG04, Bermuda. Golar stated that the following resolutions were passed in the AGM by its shareholders: the re-election of John Fredriksen, Kate Blankenship, Hans Petter Aas, Olav Trøim, and Georgina E. Sousa as Directors of the Company; the amendment of the Golar's Bye-laws Nos. 54(a), 86, 90(b), 100, 101, 102, 103(a),107, and 108; the reappointment of PricewaterhouseCoopers of London, England as auditors and the authorization of the Directors to determine their remuneration; and the approval of the remuneration payable to the Company's Board of Directors of a total amount of fees not to exceed $600,000 for the year ended December 31, 2013. The Full Research Report on Golar LNG Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-26/GLNG]
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Diana Shipping Inc. Research Report
On September 23, 2013, Diana Shipping Inc. (Diana) announced that at an auction held on September 3, 2013, in Italy, it successfully bid for the m/v Stefania Lembo - a 2010 built Kamsarmax dry bulk vessel for a purchase price of $22.7 million. The Company stated that the bid was made through a separate wholly-owned subsidiary. Diana informed that the vessel, to be renamed Myrsini, is expected to be delivered at the beginning of October 2013. The Company also informed that it anticipates taking delivery of two new-building Ice Class Panamax dry bulk vessels through Q4 2013 to Q1 2014, and two new-building Newcastlemax dry bulk vessels during Q2 2016. The Full Research Report on Diana Shipping Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-26/DSX]
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NewLead Holdings Ltd. Research Report
On September 26, 2013, NewLead Holdings Ltd. (NewLead) announced that in relation to its previously issued acquisition announcement dated September 18, 2013, the agreements between the Company and sellers regarding the second mine and wash plant in Kentucky should have been referred to as advanced negotiations. NewLead further clarified that references to appraisals should have been references to representations by the potential seller of the mines and wash plant on the basis of materials furnished to the Company as part of the preliminary due diligence conducted. The Full Research Report on NewLead Holdings Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-26/NEWL]
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Navios Maritime Partners L.P. Research Report
On September 25, 2013, Navios Maritime Partners L.P. (Navios Partners) announced that it has completed its follow-on public offering of approximately 5.8 million common units at a price of $14.26 per unit, with gross proceeds totaling to $82.0 million. The Company informed that the reported figures include 750,000 units sold, in relation to the underwriters' option, which was exercised in full. The Full Research Report on Navios Maritime Partners L.P. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-26/NMM]
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