NEW YORK, February 24, 2017 /PRNewswire/ --
The global Shipping industry transports cargo through designated sea routes, and is regulated by the International Maritime
Organization. It can be broadly classified into wet bulk, dry bulk, and liners. Pre-market, Stock-Callers.com scans the recent
performances of Teekay Tankers Ltd (NYSE: TNK), Diana Containerships Inc. (NASDAQ: DCIX), Frontline Ltd (NYSE: FRO), and Global
Ship Lease Inc. (NYSE: GSL). Today's research reports on the aforementioned stocks are downloadable for free upon registration
at:
http://stock-callers.com/registration
Teekay Tankers
On Thursday, shares in Hamilton, Bermuda-based Teekay Tankers Ltd recorded a trading volume
of 2.06 million shares, which was above their three months average volume of 1.56 million shares. The stock ended at $2.41, declining 2.03% from the last trading session. The Company's shares have gained 6.64% on an YTD basis.
The stock is trading above its 50-day moving average by 0.28%. Furthermore, shares of Teekay Tankers, which engages in the marine
transportation of crude oil and refined petroleum products through the operation of its oil and product tankers worldwide, have a
Relative Strength Index (RSI) of 49.06.
On February 23 rd, 2017, Teekay Tankers reported GAAP net income of $6.8 million, or $0.04 per share, and adjusted net income attributable to
shareholders of $5.1 million, or $0.03 per share, in Q4 2016. The
Company generated free cash flow of $34.2 million in Q4 2016. As at December
31 st, 2016, the Company had total liquidity of $102.4 million, which was
comprised of $68.1 million in cash and cash equivalents and $34.3
million in undrawn revolving credit facilities. Visit us today and access our complete research report on TNK at:
http://stock-callers.com/registration/?symbol=TNK
Diana Containerships
Athens, Greece-based Diana Containerships Inc.'s stock finished yesterday's session 4.14%
lower at $2.55, with a total trading volume of 370,988 shares. The Company's shares are trading
below their 50-day moving average by 10.13%. Shares of the Company, which through its subsidiaries, operates in the seaborne
transportation industry, have an RSI of 42.35.
On February 14 th, 2017, Diana Containerships announced that, through a separate
wholly-owned subsidiary, it has entered into a time charter contract with CMA CGM S.A., Marseille, for one of its Post-Panamax container vessels, the m/v Rotterdam. The gross charter rate is US$6,890 per day, minus a 3.5% commission
paid to third parties, for a period of minimum eight months to maximum eleven months. The charter is expected to commence on
March 07 th, 2017. The complimentary report on DCIX can be downloaded at:
http://stock-callers.com/registration/?symbol=DCIX
Frontline
At the closing bell on Thursday, shares in Hamilton, Bermuda-based Frontline Ltd saw a slight
drop of 0.29%, ending the day at $6.83. The stock recorded a trading volume of 610,007 shares. The
Company's shares are trading 4.12% below their 50-day moving average. Moreover, shares of Frontline, which engages in the
seaborne transportation of crude oil and oil products worldwide, have an RSI of 42.78.
On February 09 th, 2017, Frontline acknowledged that the Board of Directors of DHT
Holdings Inc. (DHT) has publicly rejected the Company`s proposal to effectuate a business combination between the Company and
DHT. The proposed offer made by Frontline, which represented a 19% premium to the share price of DHT as of closing of
January 27 th, 2017 and 31% premium to the 60 day volume weighted average price, was
stated to be "wholly inadequate" by the Board of Directors of DHT, and not in the best interests of DHT`s shareholders. Frontline
noted that rather than engaging in discussions with the Company with the aim of achieving the highest possible offer to create
maximum shareholder value, the Board of Directors of DHT adopted a one-year shareholder rights plan and has since continued to
refuse to enter into any discussions. Register for free on Stock-Callers.com and access the latest research report on FRO at:
http://stock-callers.com/registration/?symbol=FRO
Global Ship Lease
London, the UK-based Global Ship Lease Inc.'s stock ended the day 1.34% lower at $1.47, with a total trading volume of 76,808 shares. The Company's shares are trading 4.88% below their 50-day
moving average. Shares of the Company, which owns and charters containerships of various sizes under long-term, fixed-rate
charters to container shipping companies, have an RSI of 48.73.
On February 21 st, 2017, Global Ship Lease, announced that it will hold a conference
call to discuss the Company's results for the fourth quarter and full year 2016 on March 7
th, 2017 at 10:30 a.m. Eastern Time. The Company will issue financial results for the
fourth quarter and full year ended December 31 st, 2016 on March
7 th, 2017 before the open of market trading. Get free access to your research report on GSL at:
http://stock-callers.com/registration/?symbol=GSL
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