Marshall Islands

United Completes Stock Buyback of $3 million and Initiates Additional $3 million Stock Buyback Plan

Retrieved on: 
Thursday, September 22, 2022
Securities Exchange Act of 1934, Nasdaq, COVID-19, Marshall Islands, Securities Act of 1933, Republic, Company, USEA, Industry, Share repurchase, Plan, Transport, Coronavirus, NASDAQ, Insurance, Board, GLOBE, SEC, Renewable energy, Bank, Risk management

In addition, the Companys Board of Directors has authorized an additional share buyback plan (the Plan), where it may repurchase up to an additional $3 million of its outstanding common shares in the open market.

Key Points: 
  • In addition, the Companys Board of Directors has authorized an additional share buyback plan (the Plan), where it may repurchase up to an additional $3 million of its outstanding common shares in the open market.
  • This Plan represents up to an additional 26% of Uniteds market capitalization as of September 21, 2022.
  • Therefore, we are proceeding with another substantial buyback plan.
  • The Plan does not obligate the Company to purchase any of its shares under the Plan.

Gate.io Group Unveils New Brand Mascots, Furthering

Retrieved on: 
Wednesday, September 21, 2022
Networked Insights, Republic, Creativity, Safety, Multimedia, EVP, Swag, Social media, Twitter, Marshall Islands, Video game console, Cryptocurrency

The characters will be featured throughout the Gate.io platform and incorporate familiar and relatable themes.

Key Points: 
  • The characters will be featured throughout the Gate.io platform and incorporate familiar and relatable themes.
  • Gate.io 's philosophies of safety first, user-centricity, insightfulness, integrity, and cooperation are interwoven with the new brand mascots.
  • In addition, a sense of familiarity will be felt as Gate.io's logo is a core stylistic theme of the character's design.
  • And as Gate.io accelerates global expansion, a meaningful and universally understood brand is crucial to forming connections with users worldwide.

EuroDry Ltd. Announces Agreement to Sell M/V “Pantelis”, a 2000-built Panamax Bulk Carrier

Retrieved on: 
Monday, September 19, 2022
Securities Exchange Act of 1934, ISO 9001:2008, ESG, Frisbee, Marshall Islands, Sale, Maritime Transportation Security Act of 2002, Republic, Nasdaq, Company, Securities Act of 1933, Bulk carrier, U.S. Securities and Exchange Commission, CEO, Panamax, Transport, NASDAQ, Security (finance), GLOBE, Far East, ISO, Airline, Risk management

The vessel is expected to be delivered to its new owners, an unaffiliated third party, by mid-October 2022.

Key Points: 
  • The vessel is expected to be delivered to its new owners, an unaffiliated third party, by mid-October 2022.
  • Aristides Pittas, Chairman and CEO of EuroDry commented: Today, we are announcing our agreement to sell our M/V Pantelis, one of the eldest Panamax-size bulkers of our fleet.
  • This sale is part of our effort to focus on more modern, eco-built, fuel-efficient vessels and is consistent with our overall ESG strategy.
  • EuroDry was spun-off from Euroseas Ltd on May 30, 2018; it trades on the NASDAQ Capital Market under the ticker EDRY.

Global Ship Lease Declares Quarterly Dividend on its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares

Retrieved on: 
Friday, September 9, 2022
Phrase, NYSE, GSL, TEU, Securities and Exchange Commission (Philippines), New, GLOBE, Marshall Islands, Revolution, Company, U.S. Securities and Exchange Commission, Forward-looking statement

LONDON, Sept. 09, 2022 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the Company) announced today that the Companys Board of Directors has declared a cash dividend of $0.546875 per depositary share, each representing a 1/100th interest in a share of its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares (the Series B Preferred Shares) (NYSE:GSLPrB).

Key Points: 
  • LONDON, Sept. 09, 2022 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the Company) announced today that the Companys Board of Directors has declared a cash dividend of $0.546875 per depositary share, each representing a 1/100th interest in a share of its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares (the Series B Preferred Shares) (NYSE:GSLPrB).
  • Global Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships.
  • Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under fixed-rate charters to top tier container liner companies.
  • As at August 30, 2022, Global Ship Lease owned 65 containerships, ranging from 1,118 to 11,040 TEU, with an aggregate capacity of 342,348 TEU.

Dalliance Services Company Announces Results of QIWI PLC Tender Offer

Retrieved on: 
Tuesday, September 6, 2022
Professional Services, Finance, Midnight, Transfer, American depositary receipt, Letter, Sale, QIWI, Bangladesh Securities and Exchange Commission, Tender, Marshall Islands, Falck (emergency services company), LLC, Tower of Power (transmitter), ADSS, Offer and acceptance, Security (finance)

The Offer expired at 12:00 Midnight, New York City time, at the end of the day on September 2, 2022, and was not extended.

Key Points: 
  • The Offer expired at 12:00 Midnight, New York City time, at the end of the day on September 2, 2022, and was not extended.
  • According to Pacific Stock Transfer Company, the depositary for the Offer, a total of 4,861,390 Shares (including Shares represented by ADSs) had been validly tendered and not withdrawn from the Offer.
  • The Offeror has accepted for payment and will promptly pay for the Shares (including Shares represented by ADSs) validly tendered into and not properly withdrawn from the Offer.
  • The Offer was made pursuant to the tender offer materials (including an Offer to Purchase, a related Letter of Transmittal and certain other offer documents) in the Tender Offer Statement on Schedule TO filed by the Offeror and Sergey Solonin with the United States Securities and Exchange Commission on July 19, 2022, as amended or supplemented from time to time.

United Announces $3 million Share Buyback Plan

Retrieved on: 
Friday, September 2, 2022
COVID-19, Securities Exchange Act of 1934, Securities Act of 1933, Nasdaq, NASDAQ, Insurance, Republic, Coronavirus, Board, Share repurchase, USEA, SEC, GLOBE, Marshall Islands, Company, Director, Industry, Environment, Transport, Plan, Shipbuilding, Bank, Risk management, United

GLYFADA, Greece, Sept. 02, 2022 (GLOBE NEWSWIRE) -- United Maritime Corporation (the Company or United) (NASDAQ: USEA), announced today that the Board of Directors has authorized a share repurchase plan (the Plan).

Key Points: 
  • GLYFADA, Greece, Sept. 02, 2022 (GLOBE NEWSWIRE) -- United Maritime Corporation (the Company or United) (NASDAQ: USEA), announced today that the Board of Directors has authorized a share repurchase plan (the Plan).
  • Under the Plan, the Company may repurchase up to $3 million of its outstanding common shares in the open market, representing approximately up to 26% of the Companys market capitalization as of September 1, 2022.
  • Stamatis Tsantanis, the Companys Chairman & Chief Executive Officer, stated:
    We believe that the share price of United is significantly undervalued considering the solid vessel valuation and earnings environment of the tanker sector.
  • The Plan does not obligate the Company to purchase any of its shares under the Plan.

Global Ship Lease Announces Forward Charter Agreements

Retrieved on: 
Tuesday, August 30, 2022
Phrase, NYSE, GSL, Hapag-Lloyd, Adjustment, TEU, Securities and Exchange Commission (Nigeria), New, GLOBE, Marshall Islands, Revolution, Company, U.S. Securities and Exchange Commission, Forward-looking statement, Employment, Airline

George Youroukos, Executive Chairman of Global Ship Lease, commented, We are pleased to announce that we have chartered these high-quality Post-Panamax containerships at rates that reflect the current market, but particularly the long-term need by liner operators for these well-specified vessels.

Key Points: 
  • George Youroukos, Executive Chairman of Global Ship Lease, commented, We are pleased to announce that we have chartered these high-quality Post-Panamax containerships at rates that reflect the current market, but particularly the long-term need by liner operators for these well-specified vessels.
  • Global Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships.
  • Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under fixed-rate charters to top tier container liner companies.
  • As at August 30, 2022, Global Ship Lease owned 65 containerships, ranging from 1,118 to 11,040 TEU, with an aggregate capacity of 342,348 TEU.

Dalliance Services Company Announces Extension of QIWI PLC Tender Offer

Retrieved on: 
Friday, August 26, 2022
Banking, Other Professional Services, Professional Services, Finance, Midnight, American depositary receipt, Letter, Sale, QIWI, SEC, Electric Bond and Share Company v. Securities and Exchange Commission, Tender, Letter of transmittal, Marshall Islands, Falck (emergency services company), ADSS, Offer and acceptance, Security (finance)

The Offer is being made pursuant to the tender offer materials (including an Offer to Purchase, a related Letter of Transmittal and certain other offer documents) in the Tender Offer Statement on Schedule TO (together with any amendments or supplements thereto, the Tender Offer Statement) filed by Offeror and Sergey Solonin with the SEC on July 19, 2022, as amended or supplemented from time to time.

Key Points: 
  • The Offer is being made pursuant to the tender offer materials (including an Offer to Purchase, a related Letter of Transmittal and certain other offer documents) in the Tender Offer Statement on Schedule TO (together with any amendments or supplements thereto, the Tender Offer Statement) filed by Offeror and Sergey Solonin with the SEC on July 19, 2022, as amended or supplemented from time to time.
  • As of 6:00 PM, New York City time, on August 25, 2022, 2,627,385 Shares have been tendered pursuant to the Offer.
  • The tender offer is being made pursuant to a Tender Offer Statement on Schedule TO (including an Offer to Purchase, a related Letter of Transmittal and certain other tender offer documents) filed by the Offeror and Sergey Solonin with the SEC on July 19, 2022, as amended or supplemented from time to time.
  • The Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, will be made available to all holders of Shares at no expense to them.

United Announces Delivery of its Second Aframax Petroleum Tanker and Immediate Commencement of Pool Employment

Retrieved on: 
Monday, August 22, 2022
COVID-19, Securities Exchange Act of 1934, Securities Act of 1933, Nasdaq, NASDAQ, Insurance, Republic, Coronavirus, Vessel, Maritime Transportation Security Act of 2002, USEA, SEC, GLOBE, Marshall Islands, Company, Acquisition, Industry, Transport, Shipbuilding, Petroleum, United, Aframax

M/T Bluesea is the second out of the 4-tanker fleet acquisition agreed by United in July 2022.

Key Points: 
  • M/T Bluesea is the second out of the 4-tanker fleet acquisition agreed by United in July 2022.
  • The delivery of the third vessel is expected within August and the fourth vessel by the end of October.
  • Following its delivery, M/T Bluesea has entered a leading Aframax tanker pool.
  • Stamatis Tsantanis, the Companys Chairman & Chief Executive Officer, stated:
    We are very pleased to announce the timely delivery of the second tanker vessel of United and the participation of M/T Bluesea in a prominent Aframax pool.

Team Rubicon Announces Expansion of International Division to Serve Global Humanitarian Needs

Retrieved on: 
Thursday, August 18, 2022
International Team, Marshall Islands, De la Cruz, TR, Molecular epidemiology, Shanghai High School International Division, Mortality, CEO, Face, Refugee crisis, Investment, United States International Programming to Ukraine and Neighboring Regions, Hygiene, Blood transfusion, Infection, WASH, Knowledge, Triage, Patient, Injury, COVID-19, Team Rubicon, Disaster, Dengue fever, Partnership, Boy Scouts of America, Disease, WHO, Volunteering, Entrepreneurship, Pharmaceutical industry, Management, Risk management, Medicine, Health

LOS ANGELES, Aug. 18, 2022 /PRNewswire/ -- Veteran-led humanitarian organization Team Rubicon (TR) announces an expanded global focus through significant investments in International Programs on World Humanitarian Day, August 19, 2022. Specifically, Team Rubicon is increasing team capacity and expanding service partnerships and safely providing additional programs such as international medical support and training, water sanitation and hygiene (WASH), and crisis innovation.

Key Points: 
  • LOS ANGELES, Aug. 18, 2022 /PRNewswire/ -- Veteran-led humanitarian organization Team Rubicon (TR) announces an expanded global focus through significant investments in International Programs on World Humanitarian Day, August 19, 2022.
  • Art delaCruz, CEO of Team Rubicon, stated, "Team Rubicon is proud to have Under Armour and 1P.org as the key partners of our International Team.
  • Their early investment will fuel the expansion of the organization's international services and enable Team Rubicon to support vulnerable communities across the globe."
  • Team Rubicon is a veteran-led humanitarian organization that serves global communities before, during, and after disasters and crises.