Completed Sales, Closed Offerings, Vessel Acquisitions, Price Movements, and Form 20-F Availability - Analyst Notes on Golar LNG, DryShips, Ship Finance, Genco, and Navios Maritime
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, April 2, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Golar LNG Ltd. (NASDAQ: GLNG), DryShips, Inc. (NASDAQ: DRYS), Ship Finance International Limited (NYSE: SFL), Genco Shipping & Trading Ltd. (NYSE: GNK), and Navios Maritime Partners L.P. (NYSE: NMM). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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Golar LNG Ltd. Analyst Notes
On March 28, 2014, Golar LNG Limited (Golar LNG) announced the completion of its sale of the Golar Igloo to Golar LNG Partners L.P (the Partnership) for $310 million. The Partnership will assume $161.3 million of outstanding debt obligations in respect of the Golar Igloo and pay Golar the balance of $148.7 million through the proceeds of its recent public equity offering, which closed on December 5, 2013. The full analyst notes on Golar LNG Ltd. are available to download free of charge at:
http://www.AnalystsReview.com/04022014/GLNG/report.pdf
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DryShips, Inc. Analyst Notes
On March 26, 2014, DryShips Inc. (DryShips) announced that, through its majority owned subsidiary - Ocean Rig UDW Inc. (Ocean Rig), the Company has closed the offering of $500 million in aggregate principal amount of 7.25% senior notes due 2019. The notes were sold in a private offering inside the US. The Company intends to use the net proceeds from the offering of the notes and available funds to repurchase or for the redemption of its 9.5% Senior Unsecured Notes due 2016. On March 21, 2014, approximately 92.5% of the 9.5% Senior Unsecured Notes due 2016 had been tendered in the tender offer. The tender offer will expire at 12:01 a.m., New York City time, on April 7, 2014. The full analyst notes on DryShips, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04022014/DRYS/report.pdf
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Ship Finance International Limited Analyst Notes
On March 11, 2014, Ship Finance International Limited (Ship Finance) announced that it has agreed to acquire two 5,800 teu post-panamax container vessels built in 2001 and 2002 in addition to long-term charters. The Company expects annual EBITDA contribution to be approximately $5.5 million on an average during the charter period. The charters also include a purchase option with profit share after 5 years. Further, the Company also announced the settlement of a claim in connection to four Handysize dry bulk carriers which were redelivered in 2012. Ship Finance has received a significant portion of the settlement amount, paid in cash. The Company expects to book a gain of approximately $25 million relating to the settlement. The full analyst notes on Ship Finance International Limited are available to download free of charge at:
http://www.AnalystsReview.com/04022014/SFL/report.pdf
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Genco Shipping & Trading Ltd. Analyst Notes
On March 28, 2014, Genco Shipping & Trading Ltd.'s (Genco) stock went up to end the day at $1.69, compared to the previous day's closing price of $1.43, representing an 18.2% increase. The Company's stock rose 9.74% over the past five trading days, compared to the Dow Jones Industrial Average which rose 0.12% and to the Standard & Poor's 500 which went down 0.48% during the same trading period. The full analyst notes on Genco Shipping & Trading Ltd. are available to download free of charge at:
http://www.AnalystsReview.com/04022014/GNK/report.pdf
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Navios Maritime Partners L.P. Analyst Notes
On March 26, 2014, Navios Maritime Partners L.P. (Navios Partners) announced that it has filed its Annual Report on Form 20-F for the year ended December 31, 2013 with the SEC, which can be accessed through the Company's website under the Investors section. Unitholders may also request a hard copy of the audited financial statements by contacting the Company. The full analyst notes on Navios Maritime Partners L.P. are available to download free of charge at:
http://www.AnalystsReview.com/04022014/NMM/report.pdf
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