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
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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
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