ISC Declares Preferred Stock Dividends
International Shipholding Corporation inform that its Board of Directors has declared a dividend of $2.375 per share on its Series A Cumulative Redeemable Perpetual Preferred Stock (NYSE:ISHPRA) and a dividend of $2.25 per share on its Series B Cumulative Redeemable Perpetual Preferred Stock (NYSE:ISHPRB), each representing payment for the full ninety day period ending July 30, 2014. The dividend will be paid on July 30, 2014 to preferred shareholders as of record on July 29, 2014. According to its web site, International Shipholding Corporation, through its subsidiaries, operates a diversified fleet of U.S. and International Flag vessels…
Samudera Orders Two
PT Samudera Indonesia reportedly entered into an agreement with STX Shipbuilding to buy a pair of bulk carriers for $97.6m, the Jakarta Post reported. Upon delivery, the vessels will be deployed on a time-charter contract and are expected to increase Samudera's capacity to meet the demand for bulk carrier services. Samudera currently operates 20 vessels.