NEW YORK, March 19, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding
DryShips Inc. (NASDAQ: DRYS), NewLead Holdings Ltd. (NASDASQ:
NEWL), Scorpio Tankers Inc. (NYSE: STNG), Knightsbridge Tankers
Limited (NASDAQ: VLCCF), and GasLog Ltd. (NYSE: GLOG). Private
wealth members receive these notes ahead of publication. To reserve
complementary membership, limited openings are available at:
http://www.AnalystsReview.com/register
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DryShips Inc. Analyst Notes
On March 14, 2014, DryShips Inc.
(DryShips) announced that its subsidiary Ocean Rig UDW Inc. (Ocean
Rig) intends to offer $500.0 million
in aggregate principal amount of senior notes due 2019. The Company
informed that the net proceeds from the offering of the Notes,
together with other available funds, are intended for use by Ocean
Rig for funding the repurchase or redemption of its 9.5% Senior
Unsecured Notes due 2016, and for payment of related fees and
expenses. The Company stated that the notes will be put forward in
a private offering within the United
States to qualified institutional buyers pursuant to Rule
144A under the Securities Act of 1933, as amended, and to certain
other persons
outside of the United States in
reliance on Regulation S under the Securities Act. The full analyst
notes on DryShips Inc. are available to download free of charge
at:
http://www.AnalystsReview.com/03192014/DRYS/report.pdf
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NewLead Holdings Ltd. Analyst Notes
On March 14, 2014, NewLead
Holdings Ltd. (NewLead) announced that it has executed definitive
agreements for the acquisition of two eco-type 31,800 dwt,
Handysize bulk carriers built in 2012 for a total acquisition price
of $37.0 million. The Company expects
the delivery of the two eco-type vessels by the end of June 2014 and July
2014. NewLead stated that it intends to finance the
acquisition of the two vessels through the combination of proceeds
from its recent preferred shares issuance, and its previously
announced 75% debt financing. The Company paid a deposit of
$1.85 million to the acquisition
price on March 11, 2014, and expects
to pay the remaining $7.4 million
(not subject to the debt financing) in instalments after the
delivery of the vessels. The full analyst notes on NewLead Holdings
Ltd. are available to download free of charge at:
http://www.AnalystsReview.com/03192014/NEWL/report.pdf
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Scorpio Tankers Inc. Analyst Notes
On March 14, 2014, Scorpio Tankers
Inc. (Scorpio Tankers) announced that it has entered into an
agreement whereby it will sell its seven Very Large Crude Carriers
(VLCCs) under construction for cash and record gain of
approximately $500.0 million. The
Company expects the transaction to close by the end of March 2014, subject to the execution of
definitive agreements and satisfaction of customary closing
conditions. The full analyst notes on Scorpio Tankers Inc. are
available to download free of charge at:
http://www.AnalystsReview.com/03192014/STNG/report.pdf
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Knightsbridge Tankers Limited Analyst Notes
On March 10, 2014, Knightsbridge
Tankers Limited (Knightsbridge) and Frontline 2012 Ltd. (Frontline
2012), announced that the duos along with Karpasia Shipping Inc.
(Karpasia), have agreed for Knightsbridge to acquire five fuel
efficient 180,000 DWT Capesize bulk carrier newbuildings from
Frontline 2012 and one Capesize bulk carrier built in 2013 from
Karpasia. Knightsbridge has agreed to pay $61 million for each of the five Frontline
Capesize newbuildings and $55 million
for the Capesize built in 2013. The newbuildings from Frontline
2012 are expected to be delivered between May 2014 and September
2014. By the end of September
2014, Knightsbridge expects to have ten Capsizes on the
water, with four newbuildings expected to be delivered in 2015. The
full analyst notes on Knightsbridge Tankers Limited are available
to download free of charge at:
http://www.AnalystsReview.com/03192014/VLCCF/report.pdf
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GasLog Ltd. Analyst Notes
On February 28, 2014, GasLog Ltd.
(GasLog) announced that its Board of Directors has called an annual
general meeting to be held on May 13,
2014 in Monaco. The Company
informed that shareholders of record at the close of business on
March 21, 2014 will be entitled to
receive notice of, and to vote at, the annual general meeting as
well as any adjournments or postponements thereof. The full analyst
notes on GasLog Ltd. are available to download free of charge
at:
http://www.AnalystsReview.com/03192014/GLOG/report.pdf
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