The rollercoaster ride for shipping stocks continued on Thursday with shares of DryShips Inc. DRYS 9.07% jumping 20.5 percent in early trading following news that the company has secured a new $200 million loan from Sifnos and will undergo a “comprehensive refinancing, de-leveraging and strategic repositioning.”
DryShips isn’t the only shipping stock making headlines on Thursday.
Euroseas Ltd. ESEA 8.8% shares are up 67.9 percent following news that the company has raised $1 million in funding via a private placement agreement with the company’s largest shareholder, Friends Investment Co. In addition, Euroseas has acquired the M/V RT Dagr feeder containership vessel for 900,000 shares of Euroseas common stock.
Today’s shipping news news follows Wednesday’s news from Seanergy Maritime Holdings Corp. SHIP 3.85% that the company has prices a $15 million public offering of 10 million common shares and class A warrants. The company said it will use the proceeds for debt repayment and vessel acquisitions. Shares of Seanergy jumped 13.0 percent in Thursday morning trading.
Other shipping stocks are…
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