July 11, 2016 - 9:19 AM EDT
Print Email Article Font Down Font Up
Coverage Initiated on Select Shipping Equities

LONDON, UK / ACCESSWIRE / July 11, 2016 / Active Wall St. announces the list of stocks for today's coverage. Pre-market the Active Wall St. team provides the latest corporate, market and technical events impacting selected stocks on the Shipping industry. Companies recently under review include Navios Maritime, Nordic American Tankers, GasLog, and Diana Shipping. See our complete notes on Navios Maritime at:

http://www.activewallst.com/registration-3/?symbol=NM

Today, AWS is promoting its equity coverage. Get all of our research notes free by signing up to http://www.activewallst.com/register/.

As the Shipping industry continues to face headwinds, some firms are struggling to stay afloat while others enjoy a smooth sail. Let us see how the current global economic environment is affecting some of the big names in the industry. Register with us now for your free membership and more at:

http://www.activewallst.com/register/

Active Wall St. takes a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions.

Navios Maritime Holdings Inc. (NYSE: NM)

Monte Carlo, Monaco-based Navios Maritime Holdings Inc.'s stock surged 6.73%, finishing last Friday's session at $0.88. A total volume of 1.01 million shares was traded.

On June 14, 2016, Navios Maritime announced that it has started arbitration proceedings against Brazilian multinational company Vale S.A. in London over a contract for an iron ore terminal. Vale had previously advised Navios Holdings that it would not be performing a 20-year take-or-pay contract service contract for an iron ore terminal being built in Nueva Palmira, Uruguay. Navios Logistics said that it believed that Vale's position was without merit and it had started arbitration proceedings.

The Company's shares are trading below their 50-day moving average by 5.63%. Additionally, shares of Navios Maritime Holdings, which operates as a seaborne shipping and logistics company, have a Relative Strength Index (RSI) of 48.82.

Nordic American Tankers Ltd (NYSE: NAT)

On Friday, shares in Hamilton, Bermuda-based tanker company, Nordic American Tankers Ltd, ended the session 2.22% higher at $13.35.

On June 20, 2016, Nordic American Tankers conducted its Annual General in Bermuda. The company appointed, Herbjørn Hansson, Andreas Ove Ugland, Jim Kelly, Richard Vietor, and Jan Erik Langangen, to the Board of Directors until the next Annual General Meeting. The company also approved the appointment of KPMG as its independent auditors until the close of the next Annual General Meeting.

The stock recorded a trading volume of 1.38 million shares. The Company's shares are trading below their 200-day moving average by 4.25%. Moreover, shares in Nordic American Tankers, which engages in acquiring and chartering double-hull tankers in Bermuda and globally, have an RSI of 36.64. Sign up for your free notes on NAT at:

http://www.activewallst.com/registration-3/?symbol=NAT

GasLog Ltd (NYSE: GLOG)

Monaco-based GasLog Ltd's stock gained 1.00% to close the day at $13.13 with a total volume of 377,820 shares traded.

On June 21, 2016, GasLog announced that it has launched a debt financing of $1.05 billion with a number of international banks to re-finance six legacy facilities covering eight on-the-water vessels, which were delivered between 2010 and 2015. This includes a $100 million revolving credit facility and extending the maturity of the existing facilities to 2021.

The Company's shares have surged 30.99% in the previous three months and 62.16% on an YTD basis. The stock is trading 5.06% above its 50-day moving average and 26.61% above its 200-day moving average. Additionally, shares of GasLog, which together with its subsidiaries, engage in the ownership, operation, and management of vessels in the liquefied natural gas market globally, have an RSI of 53.88. Register for free and access your notes on GLOG at:

http://www.activewallst.com/registration-3/?symbol=GLOG

Diana Shipping Inc. (NYSE: DSX)

Shares in Athens, Greece-based Diana Shipping Inc. recorded a trading volume of 301,004 shares at the close of the last trading session.

On July 01, 2016, Diana Shipping announced that it has entered into a time charter contract with Nidera S.P.A., Roma, for m/v Oceanis, one of its Panamax dry bulk vessels. The gross charter rate is US$5,200 per day, minus a 5% commission paid to third parties, for a minimum period of nine months to maximum of eleven months. The charter is expected to commence immediately.

The stock finished at $2.60, soaring 6.12%. The Company's shares have gained 0.39% in the past month. The stock is trading above its 50-day moving average by 0.32%. Furthermore, shares of Diana Shipping, which provides shipping transportation services, have an RSI of 53.33. The notes on DSX are available for free at:

http://www.activewallst.com/registration-3/?symbol=DSX

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: [email protected]
Phone number: 1-858-257-3144
Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street


Source: ACCESSWIRE Investor Awareness (July 11, 2016 - 9:19 AM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice