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Ocean Rig UDW Inc. (OCRG)

Company news

2017-05-23 00:26:26 May 22 2017 ORIG EUROPE_ - Press Release.doc

Shelf Drilling Q1 2017 Earnings Call Information (SHLF)

Company news

2017-05-22 17:11:19

Shelf Drilling is scheduled to host a conference call for investors to address highlights from its first quarter 2017 results.
* Date: Thursday, May 25 2017
* Time: 17:30 Gulf Standard Time (GST) / 14:30 Greenwich Time (GMT) / 15:30 Central European Time (CET) / 09:30 Eastern Standard Time (EST) / 06:30 Pacific Standard time (PST)

Financial statements for the quarter ended March 31, 2017 were posted on this site on Sunday May 14, 2017.

Refer to the attached press release for more information. Press Release_Shelf Drilling Q1 2017 Earnings Call Notice_vF.pdf

Ref. Minutes from General Meeting of DOF Installer ASA

Company news

2017-05-22 16:14:31

DOF Installer ASA has today acquired all shares of Canadian Subsea Shipping Company AS from DOF Subsea AS, ref. also press release from DOF Subsea AS dated 24 April.

For further information, please contact:
Mons S. Aase, Chairman - Tel: +47 91 66 10 12


DOF INSTALLER ASA - Minutes of Meeting

Company news

2017-05-22 16:09:43

Please find enclosed the Minutes from the Ordinary General Meeting held on 22 May 2017.

For further information, please contact:
Mons S. Aase, Chairman - Tel: +47 91 66 10 12

  Minutes of Meeting DOF Installer ASA 22 May 2017.pdf

Avida Holding AB (ticker code: AVIDA)

Company news

2017-05-22 15:47:28

Please see attached updated notice of Annual General Meeting of Avida Holding AB. Kallelse till årsstämma i Avida Holding AB 2017.pdf

MPCC: MPC Container Ships AS announces initial fleet list

Company news

2017-05-22 10:05:09

MPC Container Ships AS announces initial fleet list

Oslo, 22 May 2017 -- MPC Container Ships AS ('The Company') announced today that it has acquired seven container vessels. The fleet consists of the 2007 and 2008 built sister ships AS Laetitia and AS Laguna (966 TEU), the 2009 built Rickmers Malaysia (1,300 TEU, to be renamed AS Fortuna), the 2004 built Rio Taku (2,556 TEU), the 2003 built sister ships AS Carinthia and Cardonia (2,824 TEU) and a further 2007 built vessel of 2,100 TEU. Five of the vessels have already been taken over, the remaining two are scheduled for delivery by end of June 2017. The Company's investment for this fleet totaled USD 38 million.

With the exception of currently docked AS Laetitia, all ships are chartered out to liner companies at or above current market rates and employment between six to 24 months. Ahrenkiel Steamship is the technical manager of six vessels, AS Fortuna will be managed by a third party ship manager.

The Company has further agreed on terms and conditions to acquire six additional vessels, i.e. one 1,200 TEU, one 2,500 TEU and four 2,800 TEU vessels.

After completion of these transactions, including working capital and docking cost, around 80 million of the capital raised at the end of April has been successfully deployed. The company seeks to advance growth opportunities and further vessel transactions are already under negotiation.

More details on the fleet list can be found on

Board of Directors completed

At an Extraordinary General Meeting held on 18 May 2017 in Oslo, three additional directors have been elected by the shareholders to the Company's board:

- Robert Knapp, Principal of Ironside Partners and Director of various investment companies,
- Darren Maupin, Director of the Pilgrim Global ICAV and Executive Director of Anglo International Shipping Co. Ltd. and
- Dr Ottmar Gast, Chairman of the Executive Board of Hamburg Süd.

The board consists of five members and is completed by Dr Axel Schroeder, Chairman of the Supervisory Board of MPC Capital AG and Managing Partner of MPC Group, and Ulf Holländer, CEO of MPC Capital AG. Mr. Holländer is Chairman of the Board of Directors of the Company.

About MPC Container Ships AS:

MPC Container Ships AS' main activity is to own and operate a portfolio of container ships with a focus on the feeder segment between 1,000 and 3,000 TEU. The Company was formed in April 2017. It is registered and has its business office in Oslo, Norway. MPC Container Ships AS is registered on the NOTC-list (Oslo, Norway) as of 28 April 2017 with ticker code "MPCC".

Further information and contact:

MPC Container Ships AS
Managing Director
Constantin Baack
Email: 2017 05 22 PR MPC AS initial fleet.pdf

AINMT - AINMT appoints Chief Financial Officer (AINMT)

Company news

2017-05-22 08:10:25

Oslo/Stockholm, 22 May 2017 - AINMT Holdings AB (AINMT) has appointed Murat Erden as the AINMT group's new CFO. Current CFO, Johan Michelsen, assumes the position as deputy CEO.

Mr Murat Erden is a highly experienced CFO with an extensive background from the international telecommunication and financial services industries. He was previously the Group CFO of NYSE-listed Turkcell - a major telecom player operating across nine European countries. As Group CFO, Mr Erden orchestrated numerous billion-dollar funding facilities for the group and oversaw its controlling activities including reporting, planning, budgeting and M&A valuations.

In addition to his role as Group CFO, Mr Erden held number of senior positions during his 15 years in Turkcell, both as non-executive board member at international joint ventures and Group companies, and as Group Director of Treasury, Risk Management and Procurement. He also founded and sponsored the Consumer Finance Company for Turkcell. Since 2016, he has managed his consultancy firm in London, UK. Mr Erden is a London Business School Alumni and holds an MBA from San Diego State University, USA.

Mr Erden will assume his role with AINMT immediately. The current CFO, Mr Johan Michelsen, will at the same time start in the newly created position as deputy CEO.

"Our international footprint has grown rapidly in the past couple of years, so we saw the need to strengthen our team. We are very pleased to be able to attract such a highly accomplished CFO as Murat to the group," says JD Fouchard, CEO of AINMT.

For further information, please contact:

Johan Michelsen, AINMT Holdings AB, +47 410 87 000

Endre Aaberg Johansen, Corporate Communications AS, tel: +47 41 61 06 05, email:


GoodBulk Ltd. (N-OTC: BULK) Announces its First Quarter Earnings Release and Consolidated Interim Financial Statements for the First Quarter of 2017

Company news

2017-05-19 16:33:47

Hamilton, Bermuda - (May 19, 2017) - GoodBulk Ltd. ("GoodBulk" or the "Company") (N-OTC: BULK) a recently formed owner and operator of dry bulk vessels today announced its financial results for the first quarter ended March 31, 2017.
The availability of these results can be find on our website by following this link .  

Navig8 Chemical Tankers Inc. enters into a second sale and leaseback transaction with SBI Holdings Inc for Two further 25,000 DWT Chemical Tankers

Company news

2017-05-19 16:11:55

  CHEMS NOTC announcement - SBI-BNPP-CACIB financing 19 May 2017.pdf

Atlantica Tender Drilling Ltd. (ATDL) 2016 Financial Statements

Company news

2017-05-19 15:38:09

Please find attached Atlantica Tender Drilling Ltd.'s audited consolidated financial statements for 2016 and 2015, as approved by the company's board of directors.

Contact information:
Atlantica Tender Drilling Ltd.
Lasse B. Kjelsas
Tel: +1-832-494-2200
E-mail: FS - Atlantica Tender Drilling - 12-31-2016.pdf

Etman International ASA - Årsregnskap og årsberetning for 2016

Company news

2017-05-19 13:37:01

Styret i Etman International ASA godkjente i styremøte 18 Mai-2017, årsregnskapet samt årsberetning for 2016.
For English version see under konserninfo.

  ETM INT ASA - Årsregnskap 2016.pdf

Innkalling Generalforsamling - 2017

Company news

2017-05-19 12:17:12


Navig8 Product Tankers Inc. Takes Delivery of its Eighth and Final Newbuilding Product Tanker from Guangzhou Shipyard International Company Limited

Company news

2017-05-19 11:46:38

  EIGHT_NOTC Announcement (Navig8 Gratitude) 19 May 2017.pdf

Hafnia Tankers Ltd. (N-OTC: "HAFNIA") Stock repurchase

Company news

2017-05-19 10:02:12

Hafnia Tankers Ltd. (N-OTC: "HAFNIA") Stock repurchase.


Dated: May 19, 2017

Hafnia Tankers Ltd. ("Hafnia" or the "Company") today announced that its board of directors has approved a buyback of the Company's stock in a reverse Dutch auction tender offer, using up to $10 million in proceeds.

Under the procedures of the reverse Dutch auction, shareholders of Hafnia may offer to sell some or all of their shares to the Company at a target price in a range from USD 5.50 to USD 6.50 per share. Shareholders who wish to sell their shares can contact their respective broker at Pareto Securities or call +47 22 87 87 50 prior to 24th May 2017 at 16:30 CET.

Upon expiration of the auction offer, Hafnia expects to select the lowest-bid price that will allow the Company to buy a number of shares corresponding to an amount up to $10 million. Hafnia will at its own discretion decide whether to purchase shares for the maximum amount of $10 million or whether only to purchase shares for a smaller amount. All shares accepted in the tender offer will be purchased at the same price.

If the number of shares tendered is greater than the number sought, the Company will determine criteria for the allocation in accordance with the best interest of the Company and the equal treatment of the shareholders. At the outset purchases are in such situation expected to be done on a pro rata basis from shareholders offering to sell at or below the selected purchase price.

For further information, please contact:

Erik Bartnes, Executive Chairman: +47 909 57 654
Mikael Skov, CEO Hafnia Tankers ApS: +45 401 00 640

Important notice:

Participation in the auction process and the distribution of this announcement and other information in connection with the offer may be restricted by law in certain jurisdictions. Hafnia does not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. The offer to participate in the auction process is not being made directly or indirectly in the United States of America, its territories and possessions, any State of the United States and the District of Columbia (the "United States"). Accordingly, copies of this release and any related documents are not being, and must not be, mailed, e-mailed or otherwise distributed or sent in or into the United States and so doing will invalidate any purported acceptance.

  170519 buyback release.pdf

Araca Energy ASA: Innkalling til ekstraordinær generalforsamling 6. juni 2017

Company news

2017-05-19 08:09:50

Styret i Araca Energy ASA har besluttet å kalle inn til en ekstraordinær generalforsamling den 6. juni 2017, kl. 14:00, ved Bryggegaten 14, 0250 Oslo.

Agenda er den 18. mai 2017 sendt til alle registrerte aksjonærer per post.

Alle spørsmål kan rettes til selskapet ved:

Henrik Wold, Administrerende direktør (konstituert)
Tlf: +47 35 60 00 00  

Araca Energy ASA: Summons convening an Extraordinary General Meeting on the 6th of June 2017

Company news

2017-05-19 08:07:13

Araca Energy ASA summons all shareholders to an Extraordinary General Meeting of Shareholders to be held on the 6th of June 2017 at 2:00 pm (CEST), at Bryggegaten 14, 0250 Oslo.

The summons was sent to all registered shareholders 18 of May 2017 in regular mail.

For further information, please contact:
Henrik Wold, Interim CEO
Phone: +47 988 88 444  

Shelf Drilling Announces Closing of Transaction on Two Seadrill Jackup Rigs (SHLF)

Company news

2017-05-18 18:21:50

Shelf Drilling is pleased to announce that it has today completed the purchase and delivery on two out of three Seadrill jackup rigs - the West Resolute and the West Triton. The rigs have been renamed Shelf Drilling Resourceful and Shelf Drilling Tenacious, respectively. The third jackup rig - the West Mischief, is expected to be delivered to the Company during Q3 2017 upon completion of its current client contract.

Refer to the attached press release for more information. Press Release_Shelf Drilling Announces Closing of Transaction on Two Seadrill Jackup Rigs _vF.pdf

Ocean Rig UDW Inc. (OCRG)

Company news

2017-05-18 15:00:40 Ocean Rig UDW MAY_18_2017.doc

MPCC: Extraordinary General Meeting

Company news

2017-05-18 14:55:21

MPC Container Ships AS (the "Company") advises that the Extraordinary General Meeting of the Shareholders of the Company was held on 18 May 2017 at 10:00 a.m. in Oslo.

The following resolutions were passed:

- To elect Robert Knapp as a Director of the Company;
- To elect Darren Maupin as a Director of the Company;
- To elect Dr Ottmar Gast as a Director of the Company;
- To appoint Ernst & Young as the auditor of the Company.


Hafnia Tankers Ltd. (N-OTC: "HAFNIA") Interim Report for the First Quarter of 2017.

Company news

2017-05-18 08:44:39


Dated: May 18, 2017

Please see attached: Interim Report for the Three Months Ended March 31, 2017 for Hafnia Tankers Ltd. ("Hafnia").

The product tanker market contributed to an operating profit for the three months ended March 31, 2017 of $12.1 million and net profit of $6.0 million.

The book value of the fleet, including newbuilds and remaining capex, as of March 31, 2017 was $1,066.8 million. As of March 31, 2017, we had $83.8 million in cash and $570.1 million of bank debt. The remaining capex for the newbuilds was $23.7 million. As of March 31, 2017, available undrawn bank financing to fund the newbuild was $19.7 million and including cash, the newbuild program was fully financed.

Earnings in the first quarter of 2017 were higher than in the fourth quarter of 2016, however a large number of newbuild deliveries, lack of volatility in oil prices, reduced refining margins and draw on inventories caused lower earnings than expected.
Gross earnings during the first quarter of 2017 were c.$16,000 per LR1 vessel, $15,100 per MR vessel and $15,400 per SR vessel. Hafnia expects to take delivery of one additional MR vessel within Q2 2017.

As of March 31, 2017, Hafnia's fleet consisted of 36 owned vessels, four vessels chartered-in and an order book of one newbuild in addition to two vessels chartered-in to be delivered in 2017.

Commercial management of product tankers is organized under Hafnia Management. The three divisions - LR1, MR, and SR, totals 107 ships under management.

* * * *
For further information, please contact:

Erik Bartnes, Executive Chairman: +47 90957654
Mikael Skov, CEO Hafnia Tankers ApS: +45 40100640
* * * *

This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States or any other jurisdiction.
The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words "may", "will", "should", "expects", "plans", "intends", "anticipates", "believes", "estimates", "predicts", "potential", or "continue" and similar expressions identify forward-looking statements. Although Hafnia believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because Hafnia can give no assurance that such expectations will prove to be correct.

The forward-looking statements or information contained in this news release are made as of the date hereof and Hafnia undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.

  Q1 2017 - Hafnia Tankers Ltd. - Consolidated Financial Statement.pdf



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