Cargojet Announces Strong Second Quarter Results

Cargojet Inc. (the "Corporation") (TSX: CJT, CJT.A) announced today financial results for the second quarter ended June 30, 2012.

For the Second Quarter Ended June 30, 2012:

    Total Revenues were $40.5 million, a decrease of $0.7 million or 1.7% versus the previous year.
    Gross Margin was $7.2 million, a decrease of $0.7 million or 8.9% versus the previous year
    EBITDA was $4.5 million, an increase of $1.2 million or 36.4% versus the previous year

Published: 13 August 2012
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Eagle Bulk Shipping Inc. Reaches Comprehensive Agreement With Lenders

Sets Maturity to December 31, 2015 With Company Option to Extend Into 2017

No Fixed Repayment of Principal Until Maturity Date

Eagle Bulk Shipping Inc. (EGLE) (the "Company") today announced that it has reached an agreement with a syndicate of its lenders led by Royal Bank of Scotland plc. This agreement resolves all outstanding issues with the Company's lenders and significantly improves the Company's position amid the ongoing, cyclical downturn in the shipping markets.

Published: 21 June 2012
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NewLead Holdings Ltd. Announces Cancellation of 1-for-5 Reverse Split of Common Shares

NewLead Holdings Ltd. (NASDAQ: NEWL - News) ("NewLead" or the "Company") today announced that the Company's Board of Directors decided to cancel the 1-for-5 reverse stock split of its common shares that was scheduled to take effect upon the opening of the NASDAQ market today March 19, 2012, with a view to rectifying the minimum bid listing deficiency as previously announced.

NewLead decided not to proceed with the 1-for-5 reverse split of its common shares following the increase in the price as well as the increase in the volume of trading during the last five business days subsequent to the latest significant developments in the restructuring process and the deleveraging of the Company. As a result, NewLead will evaluate further and reconsider its strategy in the following days for the benefit of its shareholders.

Published: 20 March 2012
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Sino-Global Announces Memorandum of Understanding With Southern Africa's Shipping Agency Leader

- King & Sons, a Division of Grindrod Ships Agencies (PTY) is One of the Oldest and Most Prestigious Ships Agencies in Southern Africa -

Sino-Global Shipping America, Ltd. (Nasdaq:SINO - News), a leading non-state-owned provider of shipping agency services operating primarily in China, today announced that it has signed a memorandum of understanding (MOU) with King & Sons, a subsidiary of Grindrod Limited, a public company listed on the JSE Securities Exchange South Africa (JSE: GNDP).

Published: 02 November 2011
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DryShips Inc. and OceanFreight Inc. Announce Merger Agreement

DryShips Inc. (NASDAQ: DRYS - News) and OceanFreight Inc. (NASDAQ: OCNFD - News) announced today that the companies have entered into a definitive agreement for DryShips to acquire the outstanding shares of OceanFreight for consideration per share of $19.85, consisting of $11.25 in cash and 0.52326 of a share of common stock of Ocean Rig UDW Inc., a global provider of offshore ultra deepwater drilling services that is 78% owned by DryShips. The Ocean Rig shares that will be received by the OceanFreight shareholders will be from currently outstanding shares held by DryShips. Under the terms of the transaction, the Ocean Rig shares will be listed on the Nasdaq Global Select Market upon the closing of the merger.

Published: 26 July 2011
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