Author Archives: Tim
Teekay Companies Boost Dividends
Excerpts from the press releases:
Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) NYSE: TOO, has declared a cash distribution of $0.475 per unit for the quarter ended March 31, 2010, an increase of $0.025 per unit, or 5.6 percent, from the previous [...]
Dividend Cuts
I have finally taken the time to update my shipping stock tracking portfolio in regards to the first quarter dividend distributions. Here are a couple of updates on individual stocks.
K-Sea Transportation KSP decided to conserve cash and is currently not paying a dividend. I have removed the stock from my dividend paying list.
Horizon Lines [[HRZ]] [...]
Nordic American Tanker results video
Cramer discusses Nordic American Tanker and chats with the CEO. Saves me the time to write up comments, since the covered the major points. NAT has done a great job of increasing the fleet during the downturn and the stock has held up well. Just need some of those $1.00+ quarterly distributions.
Frontline sells VLCC
Here is the press release:
The Board of Frontline Ltd. (the “Company” or “Frontline”) announces that it has agreed to acquire the VLCC “Front Vista” (the “Vessel”) from Ship Finance International Limited at a purchase price of USD 58.5 mill.
Frontline has furthermore agreed to sell the Vessel and the Buyer will settle the [...]
Teekay Tankers forecasts dividends
http://www.teekaytankers.com/index.aspx?page=tnk_news&article_id=727
Teekay Tankers is projecting a first quarter 24 to 27¢ dividend to be paid in March. The company uses a mixture of fixed contract and spot market hires to provide an ongoing dividend plus upside if the rates take off.
The company states that the total dividend for 2010 would be in the neighborhood of $1.30 [...]
A Pair of Teekay Distribution Notices
Distribution notices out today:
Hamilton, Bermuda – January 27, 2009 – Teekay Offshore GP LLC, the general partner of Teekay
Offshore Partners L.P. TOO, has declared a cash distribution of $0.45 per unit for the quarter
ended December 31, 2009. The cash distribution is payable on February 12, 2010 to all unitholders of record.
February 5, 2010.Teekay GP LLC, [...]
Navios Maritime Partners increases dividend
Navios Maritime Partners L.P. – Investors.
Navios Maritime Partners NMM has increased their dividend payout again. The distribution will be bumped half a cent to a quarterly 41¢ per share. NMM has been well managed throughout the shipping slowdown with long term, insured contracts for their dry bulk vessels. It also helps to be able to [...]
World Shipping Routes
I found this map of the world shipping routes at wired.com courtesy of Bernd Blasius. It is interesting to see where the world’s shipping goes and how much of it there is.
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Seaspan declares Q4 dividend
Seaspan Declares Dividend of $0.10 Per Share for Fourth Quarter 2009
HONG KONG, CHINA, Jan 22, 2010 (Marketwire via COMTEX News Network) — Seaspan Corporation (NYSE:SSW) announced today that the Company’s Board of Directors has declared a quarterly dividend of $0.10 per share for the three months ended December 31, 2009. The dividend will be paid [...]
Dryships mid-year earnings