US Court Approves Seadrill's Bankruptcy Exit Plan
A U.S. judge said on Tuesday he would approve Seadrill Ltd's plan to exit its Chapter 11 bankruptcy, in which the global offshore oil and gas drilling company would shed billions of dollars of debt and raise $1 billion in new investment. U.S. Bankruptcy Judge David Jones in Houston overruled two minor objections to the reorganization plan during a 90-minute hearing. The plan extends maturities on more than $5 billion of bank loans and converts about $2.3 billion in bond debt into equity in a reorganized Seadrill.
Hornbeck Offshore CEO to Ring NYSE Closing Bell
Hornbeck Offshore Services, Inc. Chairman, President and CEO Todd M. Hornbeck, will ring The Closing Bell at the New York Stock Exchange on Friday, September 30, 2005 at 4:00 p.m. Eastern time. This event marks the pricing of the company's recent public stock offering and private placement of 6.125% senior notes that will raise approximately $290 million in aggregate gross proceeds for the Company. These combined proceeds will fund, in part, two new vessel construction programs announced on Monday, September 26, 2005. Mr. Hornbeck stated, "Hornbeck Offshore is a proud member of the New York Stock Exchange and believes it enhances our ability to raise growth capital at the lowest possible cost."
Tsakos Celebrates Twenty Years as a Public Company
Tsakos Energy Navigation Limited a product, crude and LNG tanker operator, announced that on Friday, March 22, 2013, the Chief Executive Officer of the Company, Mr. Nikolas Tsakos as well as senior members of the company's management team and guests celebrated the Company's 20th Anniversary as a public company at a specially held ceremony at the New York Stock Exchange and rang the closing bell. In his address, Mr. Nikolas Tsakos noted the company's track record of solid growth and value creation for its shareholders since 1993 when TEN first listed on the Oslo Stock Exchange and then in 2002 on the New York Stock Exchange. From a fleet of just four vessels in 1993…
Dorian Rings Opening Bell Following NYSE Listing
Dorian LPG Ltd. opened the New York Stock Exchange (NYSE) on Friday, May 9, 2014. The company’s senior management members and directors stood on the NYSE balcony as Dorian CEO, John Hadjipateras rang the bell. The bell ceremony followed the company’s New York Stock Exchange pricing on Wednesday and first day of trading Thursday. Dorian LPG is a liquefied petroleum gas shipping company and an owner and operator of modern VLGCs. Dorian LPG currently owns and operates three modern VLGCs and one pressurized LPG vessel. In addition, Dorian LPG now has 19 ECO VLGC newbuildings under construction.
Nordic American Tankers Ups Nordic American Offshore Stake
Nordic American Tankers (NAT) has increased its shareholding in Nordic American Offshore (NAO) in an effort to shore up investor confidence in the latter. NAT bought 1,521,300 shares increasing its stake to 6,018,280 shares — 26.5% of NAO’s total shares for $9.5m, or $6.25 per share. NAO has 22,729,797 shares outstanding. NAO was listed on the New York Stock Exchange June 12, 2014 and owns now 10 platform supply vessels of which two are newbuildings to be delivered in 2016. The NAO 3Q2015 earnings report was published November 9, 2015. NAO is fully financed up to early 2020.
StatoilHydro becomes Statoil
StatoilHydro ASA changed its name to Statoil ASA with effect from Nov. 1. The ticker symbols will remain unchanged as STL on the Oslo Stock Exchange and STO on the New York Stock Exchange. (www.statoil.com)
Statoil Approves Dividend Of NOK 7.00 Per Share
The annual general meeting of shareholders in Statoil ASA today approved a dividend of NOK 7.00 per share. The dividend accrues to the shareholders as of 14 May 2014. Statoil's shares listed on the Oslo Stock Exchange (Oslo Børs) will be traded ex-dividend as of 15 May 2014. American Depositary Shares (ADS) listed on the New York Stock Exchange will be traded ex-dividend as of 15 May 2014. The expected dividend payment for Statoil’s shares on Oslo Stock Exchange (Oslo Børs) is on 28 May 2014.
Costamare Declares Quarterly Dividend
Costamare Inc. (NYSE: CMRE), owners and providers of containerships for charter, announced that the company's board of directors declared a dividend for the fourth quarter ended December 31, 2010, of $0.25 per share payable on February 4, 2011 to stockholders of record at the close of trading of the company's common stock on the New York Stock Exchange (NYSE) on January 28, 2011. This is the first cash dividend the Company has declared since its initial public offering on November 4, 2010.
NAT Issues Statement on "Unusual" Trading of its Stock
Hamilton, Bermuda, July 26, 2011 - There was an unusual trading in the NAT stock yesterday. NAT is not aware of any corporate news or market news that caused the irregular trading. The dividend report for the second quarter 2011 will be published August 8, 2011 before opening of the New York Stock Exchange. As previously advised the investor market, the dividend will be paid August 31, 2011 to shareholders of record August 19, 2011. The dividend policy of the company will continue.
Intelsat Proposes Public Offering of Common Shares
Intelsat Global Holdings S.A. announced that it has commenced the distribution of preliminary prospectuses in anticipation of its proposed initial public offering of 21,739,130 common shares and proposed concurrent public offering of 3,000,000 Series A mandatory convertible junior non-voting preferred shares (the "Series A preferred shares"). The offerings are being made pursuant to a registration statement on Form F-1 filed with the Securities and Exchange Commission. The company has granted the underwriters in the initial public offering of common shares a 30-day option to purchase up to an additional 3,260,869 common shares. The company has granted the underwriters in the public offering of Series A preferred shares a 30-day option to purchase up to an additional 450…
Friede Goldman and Halter Complete Merger
Friede Goldman International, Inc. and Halter Marine Group Inc. have announced the two companies have completed their previously announced merger and the name of the combined company is now Friede Goldman Halter, Inc. The new company will begin trading on the New York Stock Exchange on November 4, under the new symbol "FGH."
TORM Mulls 2016 NYSE Listing
Denmark-based tanker shipping company TORM A/S announced last week that it is considering the implementation of a new structure that would potentially include listing on the New York Stock Exchange and Nasdaq Copenhagen. If undertaken, the move is expected to be completed in 2016.
Neptune's American Eagle IPO Is A No-Go
Neptune Orient Lines (NOL) said on Friday its unit American Eagle Tankers had decided to withdraw its initial public offering due to market weakness. American Eagle, Singapore-based NOL's oil transportation unit, had received approval for a share listing on the New York Stock Exchange and also planned to issue Singapore Depositary Receipts. "NOL's management is committed to maximizing shareholder value for its investors, but believes that current equity market conditions do not favor a listing for AET," the company said in a statement.
GlobalSantaFe Corporation to Hold Third-Quarter 2004 Earnings Conference Call
GlobalSantaFe Corporation has scheduled a conference call to discuss its third-quarter financial results at 10:00 a.m. CDT (11:00 a.m. EDT) Wednesday, October 27, 2004. The financial results are scheduled to be released publicly prior to market opening on the New York Stock Exchange that same day.
Sea Containers Posts Loss
Marine transport company Sea Containers Ltd. posted a fourth-quarter loss, versus a profit a year earlier, citing a bigger fuel bill and a drop in demand for container rentals. The company posted a net loss of $15.8 million, or 85 cents per share, compared with a profit of $8.0 million, or 43 cents per share, a year earlier. Shares of Sea Containers closed on Tuesday at $19.90 on the New York stock Exchange, above a 52-week low of $18.50 and off a year high of $29.69. - (Reuters)
Teekay Takes Control of UNS
International tanker group Teekay has taken control of 56 percent of shares in Norway’s Ugland Nordic Shipping. Teekay will submit an offer to acquire all remaining shares in UNS at $15.85 per share, which values UNS just below $225.6 million. UNS said its board members, including the president and chief executive officer and management had sold their shares to Teekay for an undisclosed price. Teekay, listed on the New York Stock Exchange, has a fleet of 75 tankers. — (Reuters)
NCL To Be Listed On NYSE
Norwegian cruise firm NCL Holding ASA has been approved for a listing on the New York Stock Exchange. NCL would be listed under the symbol NRW.
GlobalSantaFe to Hold 4Q Conference Call and Webcast
GlobalSantaFe Corporation has scheduled a conference call to discuss its fourth-quarter and year-end financial results at 11:00 a.m. CST (12:00 p.m. EST) Wednesday, January 28, 2004. The results are scheduled to be released publicly prior to market opening on the New York Stock Exchange that same day.
Nordic American Offshore Relocates HQ
Nordic American Offshore Ltd. (NAO) said it will move its corporate domicile from the Republic of the Marshall Islands to Bermuda. According to NAO, the change of corporate domicile will not affect the company’s day-to-day business. NAO will continue to be listed on the New York Stock Exchange (NYSE).
Transocean Closes Acquisition of Transocean Partners
Transocean Ltd. announced the closing of the acquisition of Transocean Partners. Each outstanding public common unit of Transocean Partners was converted into the right to receive 1.20 shares of Transocean Ltd., which issued approximately 23.8 million shares related to the transaction. In connection with the closing, Transocean Partners' common units were delisted from the New York Stock Exchange.
Cruise Powerhouse Carnival Corp. Commences Intermediate Ratings
Merrill Lynch said on Monday it had started coverage of Carnival Corp., the world's largest cruise line operator, with "intermediate" and "long term accumulate" ratings. Merrill said in a research note Carnival had a leading and growing market share in the expanding cruise industry, and both the company's and industry's prospects are reinforced by high consumer satisfaction levels and strong value ratings. It added that it had a 12-18 month price objective of $32 for Carnival - whose shares closed on Friday at $27.59 on the New York Stock Exchange and have a 52-week range of $18.31 to $34.93.
OSG to Withdraw Pacific Stock Exchange Listing
Overseas Shipholding Group, Inc. announced plans to withdraw the listing of its common stock from NYSE Arca, Inc., formerly the Pacific Stock Exchange. OSG's common stock will continue to be listed on the New York Stock Exchange. OSG has decided to withdraw its listing from NYSE Arca, Inc. because following the NYSE Group, Inc.'s recent merger with Archipelago Holdings, the parent company of NYSE Arca, Inc., each of OSG, NYSE Arca, Inc. and the NYSE have concluded that dual listing offers no benefit with respect to trading quality and service, and NYSE Arca, Inc. has substantially increased its annual listing fee effective as of January 1, 2007. The withdrawal is expected to be effective prior to the end of the year. NYSE Arca, Inc.
Trading Is Suspended On FGH's Common Stock
The New York Stock Exchange said on Friday it suspended trading in the common stock of Friede Goldman Halter, the troubled maker of offshore equipment for the energy industry, in view of the company's filing for bankruptcy protection. The NYSE said the suspension of trading in the Gulfport, Miss.-based company would go into effect immediately, and that an application with the Securities and Exchange Commission to de-list the stock is pending an appeal by the company. The company, which filed for Chapter 11 bankruptcy protection on April 19, has recently failed to meet the NYSE's continued listing criteria relating to inability to meet current debt obligations and adequately finance operations. The NYSE said the company's stock was selling at an abnormally low price.