Frisbee

EuroDry Ltd. Announces Delivery of M/V Maria, an Eco Ultramax Drybulk Carrier

Retrieved on: 
Tuesday, November 7, 2023
NRP, Growth, Transport, Frisbee, Acquisition, Cryptocurrency

ATHENS, Greece, Nov. 07, 2023 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it took delivery of M/V Maria, a 63,153 dwt Ultramax drybulk carrier built in 2015.

Key Points: 
  • ATHENS, Greece, Nov. 07, 2023 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it took delivery of M/V Maria, a 63,153 dwt Ultramax drybulk carrier built in 2015.
  • The Company has arranged a sustainability-linked loan of $11 million with Eurobank S.A. to partly finance the acquisition.
  • Aristides Pittas, Chairman and CEO of EuroDry commented:
    “We are very pleased to have taken delivery of M/V Maria, the second of the two vessels of our joint venture with NRP Investors.
  • We look forward to continuing pursuing accretive transactions and ways to finance our growth creating value for our shareholders.”
    The EuroDry Ltd. fleet profile is as follows:

Diana Shipping Inc. Announces Direct Continuation Of Time Charter Contract For M/V DSI Aquila With Western Bulk

Retrieved on: 
Thursday, November 2, 2023
Sale, Bulk carrier, NYSE, Capesize, DSX, Panamax, Frisbee, Employment, Airline

The gross charter rate is US$12,500 per day, minus a 5% commission paid to third parties, for a period until minimum November 10, 2024 up to maximum January 10, 2025.

Key Points: 
  • The gross charter rate is US$12,500 per day, minus a 5% commission paid to third parties, for a period until minimum November 10, 2024 up to maximum January 10, 2025.
  • The “DSI Aquila” is a 60,309 dwt Ultramax dry bulk vessel built in 2015.
  • The employment of “DSI Aquila” is anticipated to generate approximately US$4.49 million of gross revenue for the minimum scheduled period of the time charter.
  • A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com .

EuroDry Ltd. Announces Joint Venture with Investors and Delivery of M/V Christos K, an Eco Ultramax Drybulk Carrier

Retrieved on: 
Thursday, October 26, 2023
Family, Frisbee, Acquisition, NRP, Growth, Transport, Cryptocurrency

Specifically, NRP Investors will acquire a 39% ownership stake in each of the vessels.

Key Points: 
  • Specifically, NRP Investors will acquire a 39% ownership stake in each of the vessels.
  • Furthermore, the Company announced today that it took delivery of one of the above vessels, M/V Christos K, a 63,197 dwt.
  • This joint venture transaction helps us fund our fleet growth strategy in a non-dilutive way to our shareholders.
  • “In parallel, we are also pleased to welcome M/V Christos K into our family, further increasing the “eco” cluster of our fleet.

Grindrod Shipping Holdings Ltd. Announces Ship Sales

Retrieved on: 
Tuesday, October 24, 2023
JSE, Frisbee, Cargo

SINGAPORE, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or "Company"), a global provider of maritime transportation services predominantly in the drybulk sector, announced the completion of the following transactions.

Key Points: 
  • SINGAPORE, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or "Company"), a global provider of maritime transportation services predominantly in the drybulk sector, announced the completion of the following transactions.
  • On May 25, 2023, we exercised the purchase option on the chartered-in 2016-built supramax bulk carrier, IVS Hayakita.
  • On August 24, 2023, we entered into an en-bloc deal to sell the 2015-built ultramax bulk carrier, IVS Bosch Hoek and the 2016-built ultramax bulk carrier, IVS Hayakita, for $46.5 million (before costs).
  • We can provide no assurances that the delivery will take place by that time or at all.

Diana Shipping Inc. Becomes Partner in a Commissioning Service Operation Vessels Project

Retrieved on: 
Monday, October 23, 2023
Documentation, Sale, Bulk carrier, NYSE, Capesize, DSX, Panamax, Frisbee, Wind, Acquisition, Partnership, VARD, Shipbuilding

In the initial phase of this collaboration, the joint venture entity has ordered two high spec Commissioning Service Operation Vessels (CSOVs) from VARD and holds the option to acquire two additional offshore wind service vessels, in an effort to become a leading provider to that sector.

Key Points: 
  • In the initial phase of this collaboration, the joint venture entity has ordered two high spec Commissioning Service Operation Vessels (CSOVs) from VARD and holds the option to acquire two additional offshore wind service vessels, in an effort to become a leading provider to that sector.
  • The transaction remains subject to the negotiation of definitive documentation relating to the Company’s participation in the joint venture entity and the satisfaction of customary closing conditions.
  • We view this investment as another attestation to our commitment for a greener and more sustainable future.
  • A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com .

EuroDry Ltd. Announces Delivery of M/V YANNIS PITTAS, an Eco Ultramax Drybulk Carrier

Retrieved on: 
Friday, October 13, 2023
Share repurchase, Acquisition, EBITDA, Transport, Frisbee, NAV

ATHENS, Greece, Oct. 13, 2023 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it took delivery of the previously announced acquisition of M/V YANNIS PITTAS (ex-GALLILEO), a 63,177 dwt Ultramax drybulk carrier built in 2014, the first of three Ultramax carriers it agreed to acquire.

Key Points: 
  • ATHENS, Greece, Oct. 13, 2023 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it took delivery of the previously announced acquisition of M/V YANNIS PITTAS (ex-GALLILEO), a 63,177 dwt Ultramax drybulk carrier built in 2014, the first of three Ultramax carriers it agreed to acquire.
  • The vessel is employed under a time charter contract until December 2023 at $12,500 per day.
  • Aristides Pittas, Chairman and CEO of EuroDry commented:
    “We are pleased to have taken delivery of M/V YANNIS PITTAS, the first of the three Eco Ultramax drybulk vessels we recently announced we agreed to acquire.
  • The remaining two vessels are expected to be delivered within October 2023.

Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for m/v Seattle With Solebay

Retrieved on: 
Thursday, September 28, 2023
M v H, Panamax, Frisbee, Employment, DSX, Bulk carrier, Capesize, NYSE, Airline

The gross charter rate is US$17,500 per day, minus a 5% commission paid to third parties, for a period until minimum July 15, 2025 up to maximum September 30, 2025.

Key Points: 
  • The gross charter rate is US$17,500 per day, minus a 5% commission paid to third parties, for a period until minimum July 15, 2025 up to maximum September 30, 2025.
  • The employment of “Seattle” is anticipated to generate approximately US$11.27 million of gross revenue for the minimum scheduled period of the time charter.
  • Diana Shipping Inc.’s fleet currently consists of 41 dry bulk vessels: 4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 9 Ultramax.
  • A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com .

Diana Shipping Inc. Announces the Order of Two 81,200 Dwt Methanol Dual Fuel New-Building Kamsarmax Dry Bulk Vessels

Retrieved on: 
Wednesday, September 27, 2023
Bulk carrier, Diana (ship), Marubeni, Methanol, Panamax, Carbon, NYSE, Frisbee, DSX, Documentation, Capesize, Zhoushan, Letter, Environment

The vessels are expected to be delivered to the Company by the second half of 2027 and the first half of 2028, respectively.

Key Points: 
  • The vessels are expected to be delivered to the Company by the second half of 2027 and the first half of 2028, respectively.
  • The transaction remains subject to the execution of definitive documentation and satisfaction of customary closing conditions.
  • This investment underscores our dedication to sustainable shipping and positions us to meet the evolving demands of our industry while reducing our carbon footprint.”
    Excluding the aforementioned vessels, Diana Shipping Inc.’s fleet currently consists of 41 dry bulk vessels: 4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 9 Ultramax.
  • A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com .

Wham-O Celebrates 75th Anniversary Milestone at New York Toy Fair

Retrieved on: 
Tuesday, September 26, 2023
Creativity, Wham-O, Hula hoop, Jacob, Super Ball, Javits Center, Slip, Laughter, Frisbee, Toy, Tourism

NEW YORK, Sept. 26, 2023 /PRNewswire/ -- Wham-O, the iconic toy company that has been igniting imaginations and creating lifelong memories for generations of children and families, is thrilled to announce its 75th Anniversary celebration at the prestigious New York Toy Fair.

Key Points: 
  • NEW YORK, Sept. 26, 2023 /PRNewswire/ -- Wham-O, the iconic toy company that has been igniting imaginations and creating lifelong memories for generations of children and families, is thrilled to announce its 75th Anniversary celebration at the prestigious New York Toy Fair.
  • "We are immensely proud to reach this incredible 75th Anniversary milestone," said Todd Richards, President at Wham-O.
  • We're eager to return to New York and thrilled to celebrate our 75th Anniversary alongside the finest in the industry.
  • Don't miss this once-in-a-lifetime celebration of play, innovation, and nostalgia at the New York Toy Fair.

Diana Shipping Inc. Announces Time Charter Contracts for m/v DSI Pyxis With ASL and m/v Maia With ST Shipping

Retrieved on: 
Monday, September 25, 2023
Bulk carrier, Panamax, NYSE, Frisbee, DSX, Capesize, ASL, Airline, Dredging

The “DSI Pyxis” is a 60,362 dwt Ultramax dry bulk vessel built in 2018.

Key Points: 
  • The “DSI Pyxis” is a 60,362 dwt Ultramax dry bulk vessel built in 2018.
  • The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ST Shipping and Transport Pte.
  • The employments of “DSI Pyxis” and “Maia” are anticipated to generate approximately US$8.91 million of gross revenue for the minimum scheduled periods of the time charters.
  • Diana Shipping Inc.’s fleet currently consists of 41 dry bulk vessels: 4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 9 Ultramax.