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Nasdaq Stock Market News

11 Sep 2019

Nasdaq: Performance Shipping Out of Compliance

Greek boxship owner Performance Shipping disclosed that it has received a noncompliance notification from the Nasdaq Stock Market.The notice was received from the regulator because the company's  closing share price was below $1.00 per share for 30 consecutive days, said the global provider of shipping transportation services through its ownership of vessels.Performance Shipping  intends to monitor the closing bid price of its common stock during a grace period and will consider its options, including a reverse stock split, in order to regain compliance."The company intends to monitor the closing bid price of its common stock during this grace period and will consider its options…

13 May 2019

LNG Trailblazer Eisbrenner Dies at 58

Kathleen M. Eisbrenner (Photo: NextDecade Corporation)

Kathleen M. Eisbrenner, a liquefied natural gas (LNG) industry pioneer and Founder and Chairman of the Board of Directors at US based LNG development company NextDecade Corporation, has passed away at the age of 58.Eisbrenner enjoyed a remarkable career, and was widely viewed as one of the foremost female executives in the global LNG industry. She founded NextDecade in 2010 and led the company to its listing on the Nasdaq Stock Market in July 2017. She served jointly as Chairman and Chief Executive Officer until February 2018…

05 Feb 2015

Seanergy Maritime Receives NASDAQ Notice

Seanergy Maritime Holdings Corp. announced yesterdat that it has received written notification from The Nasdaq Stock Market dated January 28, 2015, indicating that because the closing bid price of the Company’s common stock for 30 consecutive business days, from December 12, 2014 to January 27, 2015, was below the minimum $1.00 per share bid price requirement for continued listing on the Nasdaq Capital Market, the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2). 27, 2015. The Company intends to monitor the closing bid price of its common stock between now and July 27, 2015 and is considering its options, including a reverse stock split, in order to regain compliance with the Nasdaq Capital Market minimum bid price requirement.

03 Jan 2015

Euroseas Receives Non-Compliance Notice

Euroseas Ltd. an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today that it received notice from the Nasdaq Stock Market LLC ("Nasdaq") dated December 30, 2014 indicating that the Company is no longer in compliance with Nasdaq's continued listing requirements under Nasdaq Listing Rule 5450(a)(1) because the closing bid price of the Company's common stock over a period of 30 consecutive business days was less than $1.00 per share. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has six months following receipt of the notification to regain compliance with the minimum share price requirement.

07 Oct 2014

Knightsbridge Tankers Changes Name to Knightsbridge Shipping

Knightsbridge Tankers Limited (Nasdaq:VLCCF) has announced that it changed its name to Knightsbridge Shipping Limited. Also, the company's web address has changed to http://www.knightsbridgeshipping.com. The company's shares will continue to trade on the NASDAQ stock market under the symbol "VLCCF."

06 Sep 2014

Golar LNG to Appoint Sir Frank Chapman as Chairman

Rolls-Royce Holdings plc reports that Golar LNG Limited has announced its intention to propose the appointment of Sir Frank Chapman as its Chairman, conditional upon the closing of the Secondary Offering recently announced by Golar LNG Limited.   Sir Frank Chapman is a non-executive director, and chair of the safety and ethics committees, of Rolls-Royce Holdings plc.   This disclosure is made pursuant to paragraph 9.6.14 (2) of the Listing Rules. Golar LNG Limited is listed on the NASDAQ Stock Market.

19 Feb 2014

Seanergy Sells Four Vessels

Seanergy Maritime Holdings Corp. announced that it has entered into a delivery and settlement agreement with its remaining lender to unwind its final credit facility. Under this agreement, the company will sell its four vessels to a nominee of the lender in full satisfaction of the underlying loan. The four vessels are the bulk carriers M/V Bremen Max, M/V Hamburg Max, M/V Davakis G and M/V Delos Ranger. Upon the closing of the transaction, approximately $145 million of outstanding debt and accrued interest will be discharged and the company’s guarantee will be fully released. After giving effect to the transaction, the overall indebtedness of the Seanergy group of companies will be extinguished.

29 Jan 2013

Greece's NewLead Holdings Regain NASDAQ Compliance

NewLead Holdings Ltd. announce it has received written notification of its compliance from the NASDAQ Stock Market LLC. NewLead Holdings Ltd. is an international, vertically integrated shipping and commodity company that manages product tankers and dry bulk vessels. NewLead currently controls four vessels, two tankers and two dry bulk vessels. The notication indicates that NewLead has regained compliance with the minimum bid price requirement of $1.00 per share for continued listing on the NASDAQ Global Select Market set forth in NASDAQ Listing Rule 5450(a)(1), as its common shares achieved a closing bid price of $1.00 or more for 10 consecutive business days.

19 Sep 2012

Tankship, Bulkship Owner's, Shares Below Par

Greece's NewLead Holdings Ltd. receives NASDAQ notification letter regarding minimum bid price requirement. NewLead Holdings Ltd announce they have received a written notification from the NASDAQ Stock Market LLC ("NASDAQ") indicating that they are not in compliance with the NASDAQ Listing Rule 5450(a)(1) because the minimum bid price of its common shares was below $1.00 per share for the previous 30 consecutive business days (the "minimum bid price requirement"). Pursuant to the NASDAQ Listing Rule 5810(c)(3)(A), the Company has been granted a 180-day compliance period, ending on March 12, 2013, to regain compliance with the minimum bid price requirement. During this compliance period, NewLead's common stock will continue to be listed and traded on the NASDAQ Global Select Market.

27 Aug 2012

TOP Ships Shares Fall Below NASDAQ Par

Greek-based shipowners TOP Ships Inc. announces receipt of Nasdaq notice. TOP SHIPS Inc. is engaged in the worldwide transportation of liquid and petroleum cargoes as well as dry bulk cargoes through the ownership of a fleet of 6 tankers and 1 dry bulk carrier. TOP Ships Inc. announce  that it has received written notification from the Nasdaq Stock Market ("Nasdaq"), indicating that because the market value of the Company's publicly held shares for the previous 30 consecutive business days was below the minimum $5,000,000 requirement for continued listing on the Nasdaq Global Select Market, the Company is not in compliance with Nasdaq Listing Rule 5450(b)(1)(C). The applicable grace period to regain compliance is 180 days.

03 Jul 2012

Bulk Carrier Owners' Stock Price Not Up to the Mark

Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP) announce it has received written notification from The Nasdaq Stock Market (“Nasdaq”) dated June 29, 2012, indicating that because the market value of the publicly held shares (“MVPHS”) of the Company’s common stock for 30 consecutive business days, from May 16, 2012 to June 28, 2012, was below the minimum requirement of $5,000,000 for the continued listing on the Nasdaq Global Market, the Company is not in compliance with Nasdaq Listing Rule 5450(b)(1)(C). The applicable grace period to regain compliance is 180 days. The Company intends to monitor the MVPHS of its common stock between now and December 26, 2012 and is considering its options in order to regain compliance with the Nasdaq Global Market MVPHS requirement.

26 Jun 2012

FreeSeas Receives of NASDAQ Non-Compliance Letters

FreeSeas Inc. (Nasdaq:FREE), a transporter of dry-bulk cargoes through the ownership and operation of a fleet of Handysize and Handymax vessels, announced that the Company received letters dated June 21, 2012 and June 25, 2012 from The Nasdaq Stock Market stating that for the previous 30 consecutive business days, the bid price of the Company's common stock closed below the minimum $1.00 per share and the market value of the Company's publicly held common stock ("MVPHS") was below the minimum of $5,000,000.

01 Mar 2012

Seanergy Regains Compliance With NASDAQ

Athens - Seanergy Maritime Holdings Corp. announced that the Nasdaq Stock Market has confirmed that the Company has regained compliance with Nasdaq Listing Rule 5450(b)(1)(C) concerning the minimum market value of publicly held shares. Seanergy Maritime Holdings Corp. is a Marshall Islands corporation with its executive offices in Athens, Greece. The company is engaged in the transportation of dry bulk cargoes through the ownership and operation of dry bulk carriers. The Company’s current fleet consists of 19 drybulk carriers (four Capesize, three Panamax, two Supramax and ten Handysize vessels) with a total carrying capacity of approximately 1,256,962 dwt and an average fleet age of 13.7 years.

24 Aug 2011

OceanFreight Inc. Reports 2Q Results

OceanFreight Inc. (NASDAQ: OCNF) announced for the three-month period ended June 30, 2011 the company reported a Net Loss of $1 million or $0.16 basic and diluted loss per share. Included in these results is a loss of $2.0 million associated with the sale of M/T Olinda. Excluding this item, Net Income for the second quarter of 2011 would amount to $1 million or $0.16 cents basic and diluted earnings per share. On July 20, 2011, the company received notice from the Nasdaq Stock market that the company regained compliance with the minimum bid price of $1.00 per share and the noncompliance matter is now closed. On July 26, 2011, it entered into a definitive agreement for DryShips Inc.

22 Jul 2011

OceanFreight Inc. Regains Compliance with NASDAQ Minimum Bid Price Requirement

July 21, 2011 - Athens, Greece - OceanFreight Inc. (NASDAQ: OCNF) (the “Company”) today announced that it has regained compliance with the minimum bid price requirement set forth in NASDAQ Listing Rule 5450(a)(1).The Company received a letter from The NASDAQ Stock Market (the “NASDAQ”) dated July 20, 2011 confirming that the closing bid price of the Company’s common stock has been at $1.00 per share or greater for at least 10 consecutive business days, from July 6, 2011 through July 19, 2011. As previously announced, on January 25, 2011, the Company received a notice from the NASDAQ staff indicating that the Company was not in compliance with the $1.00 minimum bid price requirement for continued listing on the NASDAQ Global Market, as set forth in Listing Rule 5450(a)(1).

15 Jul 2011

SeaEnergy Maritime Regains NASDAQ Compliance

Seanergy Maritime Holdings Corp. (NASDAQ: SHIPD; SHIP.W) announced that the Nasdaq Stock Market (“Nasdaq”) has confirmed that the Company has regained compliance with Nasdaq Listing Rule 5450(a)(1) concerning the minimum bid price of the Company’s common stock.

24 Nov 2008

Top Ships 3Q, 9 Mo Results

Top Ships Inc. (NASDAQ:TOPS) announced its operating results for the third quarter and nine-month period ended September 30, 2008. For the three months ended September 30, 2008, the company reported net income of $41,640,000, or $1.48 per share, compared with net loss of $21,986,000, or $1.80 per share, for the third quarter of 2007. The weighted average numbers of common shares used in the computations were 28,153,538 and 12,222,812(1) for the third quarter of 2008 and 2007, respectively. The results for the third quarter of 2008 include the following items: a net charge of $4,277,000 of stock-based and cash compensation, a net charge of $2…

03 Aug 2000

ShipDesk Strives To Carve A Niche

Phenomenal is perhaps the only word adequately to describe the rampage of new, integrated e-commerce solutions that have recently swamped the maritime industry. The marine market, which has a solid reputation of following rather than leading technological surges, has gone from "zero to sixty" in record time on the e-commerce front. But while the industry today has a bevy of selections from which to choose — including portals for conducting every transaction conceivable, from fixing cargos to buying bunker fuel, spare parts or a ship's stores — the critical question revolves around not which choices are available today, rather which choices will be available one year from today.

18 Jun 2002

FEATURE: A Family Tradition

The one constant about the management of offshore vessel operating companies is the domination of family members of the founder. Except for the largest of these companies, Tidewater, Inc., that is a public NYSE-listed firm, most of the companies in this category, large and small, are run by the descendents of the founder. Many of these companies still bear the founder's name and most of the vessels are named after family members. In 1948, Abdon Callais converted a shrimp trawler into an offshore service vessel and that began a company that is in its third generation of providing transportation of fluids and cargo to offshore oil and gas rigs. Abdon's sons Harold and Ronald became involved with offshore oil buisness.

15 Oct 2007

Gulf Island CEO Steps Down

Houma, La.-based Gulf Island Fabrication announced its chief financial officer stepped down and was replaced by the company’s controller and chief accounting officer. Joseph “Duke” Gallagher, the offshore production platform fabricator’s long-time CFO stepped down Oct. 3. Robin A. Seibert replaced Gallagher. Gulf Island is a publicly traded company and its Common Stock is listed on the NASDAQ Stock Market under the symbol GIFI.

10 Nov 1999

Frontline Shares Skyrocket

Shares of the tanker company Frontline Ltd. jumped more than 300 percent on Nov. 9. The shares were up 8 at 11-1/2 in afternoon trading on the Nasdaq stock market. Volume surpassed 49,000 shares, more than 100 times the daily average. The shares rose to a 52-week high of 23-1/4 in morning dealings. Frontline officials said it was company policy not to comment on unusual market activity. The stock may have been aided by comments from an analyst who initiated coverage of Frontline with a buy rating.

29 Nov 1999

Another Fantasy Island? Floating Metropolis Plans Move Ahead

A massive $8.5 billion luxury floating metropolis, the biggest boat in history, is reportedly on the verge of being built in the poverty-stricken Central American nation of Honduras. "If things work out the way we want, we should be starting in January," Mario Mossi, agent for boat builder Freedom Ship Inc. in Tegucigalpa, the Honduran capital, said. Measuring 4,320 ft. (1,500 m) by 750 ft. (250 m) wide and 340 ft. (130 m) deep, the boat will be designed to house sports centers, parks, theaters and nightclubs, all to be built in Honduras' Caribbean port of Trujillo, Mossi said. Approximately five times longer than the biggest cruise liner now afloat…