Genco Shipping & Tra (GSKNF) 7.3000 $GSKNF Genco

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Jun 19, 2016 at 11:03 AM

Genco Shipping & Tra (GSKNF) 7.3000 $GSKNF

Genco Shipping & Trading Limited and Baltic Trading Limited Announce Shareholder Meetings to Approve Business Combination
PR Newswire - Mon Jun 15, 4:17PM CDT
Genco Shipping & Trading Limited ("Genco"

(OTCBB: GSKNF) and its subsidiary Baltic Trading Limited (NYSE: BALT) ("Baltic Trading"

today jointly announced that the Registration Statement on Form S-4 filed by Genco relating to the proposed stock-for-stock business combination between Genco and Baltic Trading has been declared effective by the Securities and Exchange Commission (the "SEC"

. Annual meetings of the shareholders of the two companies, at which votes will be held on the proposed combination, are scheduled for July 17, 2015.
BALT: 1.50 (-0.06)

BALTIC TRADING LIMITED SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
PR Newswire - Mon May 04, 12:18PM CDT
Rigrodsky & Long, P.A.:
BALT: 1.50 (-0.06)

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Pendency of Class Action Concerning the Sale of Baltic Trading Limited to Genco Shipping & Trading Limited -- BALT
GlobeNewswire - Mon Apr 20, 10:02AM CDT
The following statement is being issued by Levi & Korsinsky, LLP:
BALT: 1.50 (-0.06)

Wolf Popper LLP Investigates Claims That the Proposed Acquisition of Baltic Trading Limited May Not Be In the Best Interests of Its Investors
PR Newswire - Fri Apr 10, 10:09AM CDT
Wolf Popper LLP is investigating claims on behalf of investors in Baltic Trading Limited ("Baltic"

(NYSE: BALT), concerning the proposed acquisition of Baltic by Genco Shipping & Trading Limited ("Genco"

(OTCBB: GSKNF). Baltic shareholders seeking more information about this acquisition are advised to contact Carl Stine at (212) 759-4600 or stine@wolfpopper.com.
BALT: 1.50 (-0.06)

BALTIC TRADING LIMITED SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Sale to Genco Shipping & Trading Limited
BusinessWire - Fri Apr 10, 9:52AM CDT
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Baltic Trading Limited ("Baltic"

(NYSE: BALT) concerning the sale to Genco Shipping & Trading Limited (OTC: GSKNF). Under the terms of the agreement, Baltic shareholders will only receive 0.216 of a share of Genco common stock for each share owned. Based on the closing price of Genco before the announcement, the consideration is valued at approximately $1.60, which is virtually no premium over the price of Baltic stock before the announcement and significantly lower than at least one analyst's estimated value of $4.00 per share.
BALT: 1.50 (-0.06)

Genco Shipping & Trading To Acquire Baltic Trading
PR Newswire - Wed Apr 08, 8:00AM CDT
Genco Shipping & Trading Limited ("Genco"

(OTCBB: GSKNF) and its subsidiary Baltic Trading Limited (NYSE: BALT) ("Baltic Trading"

today announced that they have entered into a definitive merger agreement under which Genco will acquire Baltic Trading in a stock-for-stock transaction. Under the terms of the agreement, Baltic Trading will become an indirect wholly-owned subsidiary of Genco, and Baltic Trading shareholders will receive 0.216 shares of Genco common stock for each share of Baltic Trading common stock they own at closing, with fractional shares to be settled in cash. Upon consummation of the transaction, Genco shareholders are expected to own approximately 84.5 percent of the combined company and Baltic Trading shareholders are expected to own approximately 15.5 percent of the combined company. Genco expects to have its stock listed on the NYSE upon consummation of the transaction.
BALT: 1.50 (-0.06)

Genco Shipping & Trading Limited Announces Executive Management Appointments
PR Newswire - Mon Nov 17, 3:27PM CST
Genco Shipping & Trading Limited (OTCBB: GSKNF) announced today that John C. Wobensmith, the Company's Chief Financial Officer, has been appointed as President effective December 19, 2014. He will succeed Robert Gerald Buchanan, who will retire as of the same date. Mr. Buchanan has served as President of Genco since June 2005.

Genco Shipping & Trading Clarifies Change In Ticker Symbols
PR Newswire - Mon Nov 17, 10:38AM CST
Genco Shipping & Trading Limited (the "Company"

today announced that its ticker symbols for its common stock and warrants have been changed as a result of an administrative error by the OTCBB. Genco's common stock will trade under the ticker symbol "GSKNE" and its warrants will trade under the ticker symbol "GNKWE" for one day, November 17, 2014. The Company expects its common stock ticker symbol to be restored to "GSKNF" and its warrant ticker symbol to be restored to "GNKWF" on November 18, 2014.

Global Dry Bulk Shipping Market Report: 2014 Edition
M2 - Thu Nov 13, 6:50AM CST
Research and Markets (http://www.researchandmarkets.com/research/7l6vzd/global_dry_bulk) has announced the addition of the "Global Dry Bulk Shipping Market Report: 2014 Edition " report to their offering. The global dry bulk shipping industry is an essential part of the international shipping industry, with ocean-going vessels representing the most efficient, and often the only method of transporting large volumes of basic commodities and finished products. The dry bulk shipping is defined as the transportation of homogenous bulk cargoes by bulk vessels on an irregular scheduled line. Iron ore, coal and grain are the three main constituents of the dry bulk shipping industry followed by some minor bulk commodities. Iron ore constitutes for the major share in the industry followed by coal. Iron ore, coal and minor bulks have shown a tremendous growth in past years and expected to continue this growth in the coming years. The total dry bulk fleet, which comprises four types of vessels: Capesize, Panamax, Handymax, and Handysize; is showing a steady growth on the back of increased new orders and reduced scrapping of dry bulk vessels. The key factors driving growth of the global dry bulk industry include rising urban population, ameliorate global economic development, rising grain production and unceasingly climbing coal industry. Also, escalating steel industry which is driving iron ore production and logistics around is a major driver for seaborne dry bulk market. Some of the noteworthy developments of this industry include rebounded dry bulk freight rates, shrinking charter hire prices and over-supply of dry bulk carrier capacity. However, the growth of respective industry is hindered by the acts of piracy, adverse economic conditions and strict rules and regulations. This report offers a comprehensive analysis of the worldwide dry bulk shipping market, along with an in-depth study of its commodities market including iron ore, coal, grain and minor bulk. The report also includes the detailed description of regional markets including China, Japan and Europe. The competition in the respective market is highly diversified, competitive, fragmented and also capital intensive. Some of the major players are Diana Shipping, Dry Ships, Navios Maritime Holding and Genco Shipping, among others. The competitive landscape of the global dry bulk shipping markets, along with the company profiles of the leading players are also discussed in detail. Key Topics Covered: 1. Overview 2. Analysis of Dry Bulk Market 3. Market Dynamics 4. Competitive Landscape 5. Company Profiles 6. Market Outlook Companies Mentioned - Diana Shipping, Inc. - Dry Ships, Inc. - Genco Shipping & Trading Ltd. For more information visit http://www.researchandmarkets.com/research/7l...l_dry_bulk
DSX: 2.37 (+0.21)

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