Baltic Trading Ltd. (NYSE:BALT) is a drybulk shipping company formed by Genco Shipping & Trading Limited (NYSE:GNK), a prominent drybulk shipper, to acquire a drybulk fleet with charters tied to the spot market. The company currently has a fleet of nine vessels, including two Capesize ships, four Supramax ships, and three Handysize ships. In addition, the company recently announced the acquisition of two more Handysize ships, the delivery of which is expected in the end of the third quarter of 2013.
The initial public offering (NYSEARCA:IPO) of Baltic Trading closed on March 15, 2010. The IPO price of the company's stock was US$14.00 per share. Since then, the price of such shares has sharply...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|