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Fly News Breaks for April 7, 2017
SBLK, GOGL, DSX
Apr 7, 2017 | 05:45 EDT
JPMorgan analyst Noah Parquette upgraded Diana Shipping (DSX) to Overweight saying the recovery in dry bulk shipping "is real and can be sustained for some time." The analyst sees "plenty of runway" for rates to continue to strengthen. He has an $8 price target for the shares. Parquette this morning also upgraded Golden Ocean (GOGL) to Overweight and doubled his price target for top pick Star Bulk Carriers (SBLK) to $20 from $10.
News For DSX;GOGL;SBLK From the Last 2 Days
DSX
Apr 29, 2024 | 09:22 EDT
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ASL Bulk Shipping Limited, for one of its Panamax dry bulk vessels, the m/v Leto. The gross charter rate is US$16,000 per day, minus a 5% commission paid to third parties, for a period until minimum March 1, 2025 up to maximum April 30, 2025. The charter is expected to commence on May 2, 2024.