company news

2019 Annual General Meeting

Company news

2019-08-16 13:40:01

Further to the press release of July 5, 2019 giving notice that the Golar LNG Limited 2019 Annual General Meeting will be held on September 27, 2019, a copy of the Notice of Annual General Meeting and associated information including the Companys Annual Report on Form 20-F can be found on our website at http://www.golarlng.com and in the attachments below.

Golar LNG Limited
Hamilton, Bermuda
August 16, 2019


Attachments



   

Instabank ASA med sterkt resultat i 2. kvartal 2019

Company news

2019-08-15 17:23:35

Banken hadde i 2. kvartal 2019 et rekordhøyt nettoresultat før skatt på 12,7 MNOK, en økning på 43 % fra 6,7 MNOK i samme kvartal i 2018.

"Vi er meget stolt av å kunne levere et rekordhøyt nettoresultat i et kvartal som har vært preget av et operativt fokus for å tilrettelegge for nye utlånskrav i Norge samt å komme i gang med det nye gjeldsregisteret" sier banksjef Robert Berg.

Finland fortsetter å være et attraktivt marked for banken med en utlånsvekst på 91 MNOK i 2. kvartal. I Norge falt bankens utlånsbalanse i 2. kvartal. Nedgangen var et resultat av den nye forskriften for forbrukslån i Norge som trådte i kraft 15. mai samt bankens fokus på volumvekst i Finland og Sverige. På tampen av kvartalet startet Lendo å tilby lån fra Instabank i Sverige. Det er forventet at dette vil styrke distribusjonen i Sverige da Lendo er den største agenten i det svenske markedet.
"Det er flott å være i mål med gjeldsregisteret og det nye norske regelverket, slik at banken igjen kan ha fokus på å utvikle virksomheten i Norden," sier Berg, "vi ser at vårt kontinuerlige fokus på å bygge en sunn og diversifisert utlånsportefølje i alle de tre markedene vi er i, lønner seg i form av relativt lave tapsnivåer og styrket bunnlinje.”

I kvartalet var annualisert tap på utlån redusert til 2,4% av brutto utlån som er det laveste nivået siden Q2 2018. Innstramminger i kredittvurderingen i løpet av det siste året, nye faktureringsmetoder og en forbedret purreprosess har hatt en positiv innvirkning på andelen kunder som ikke betaler til forfall.

I Norge fortsetter salgsfinansiering å være et fokus område. "Vår heldigitale salgsfinansieringsløsning - hvor kunden kan søke rett fra mobilen og få svar umiddelbart - tiltrekker seg et stort antall kunder som representerer et betydelig oppsalgspotensial, primært i Norge, men også i Finland og Sverige på sikt," sier Berg.

Nøkkeltall i kvartalet:
- Netto resultat før skatt var 12,8 MNOK (9,6 MNOK etter skatt), opp fra 3,3 MNOK i forrige kvartal
- Tap på utlån var 15,7 MNOK eller 2,4% av brutto utlånsbalanse
- Utlånsvolumet i Finland hadde en god vekst på 92 MNOK, utlån i Norge falt med 99 MNOK, mens utlån i Sverige vokste med 21 MNOK som ga en samlet utlånsvekst på 13 MNOK

Det avholdes presentasjoner av Q2 2019 resultatet:
- i Stavanger den 16. august kl. 09:00 i Øvre Strandgate 52. Påmelding til corporateaccess@sb1markets.no tlf. 24133707
- i Oslo den 16. august kl. 14:00 i Olav Vs gate 5 (SpareBank 1 Markets). Påmelding til corporateaccess@sb1markets.no tlf. 24133707

  Instabank_Interim_Report_Q2_2019.pdf
Instabank_Presentation_Q2-2019.pdf

Maritime & Merchant Bank ASA (MMBANK) - Financial Report 30-06-2019

Company news

2019-08-15 10:23:44

The profit for the period 01.04 – 30.06 (Q2) before tax is USD 2.739.875 (USD 2.451.543 Q1), after tax USD 2.259.907 (USD 2.179.758 Q1). Return of Equity before tax is 12.1% (11.1% Q1) and the Net Interest Margin is 3.68% (3.40% Q1) during the same period.

The bank has lent out USD 292.366.983 to customers as per 30.6 (USD 272.157.115 as per 31.03). There has been no defaults on these loans.

The profit before tax as per 30.6 is USD 5.191.419, after tax USD 4.439.665.

  Maritime & Merchant Bank - Financial Report 30-06-2019.pdf

MyBank ASA: Q2 2019 resultater

Company news

2019-08-15 07:53:59

MyBanks resultater for Q2 2011 er nå tilgjengelige. Bankens resultat før skatt i første kvartal ble minus NOK 13,9 millioner, inkludert utlånstap på NOK 11,6 millioner.

Presentasjon av resultatene avholdes i dag kl 1300 hos Beringer Finance, Grundingen 2, Oslo, med live overføring på webcast (link vedlagt).

https://webtv.hegnar.no/presentation.php?webcastId=98041629 201907291_MyBank_Q2_report_final.pdf
20190815 MyBank Q2 presentation.pdf
http://www.mynewsdesk.com/no/mybank/pressreleases/resultat-presentasjon-for-andre-kvartal-2019-2906337
https://mybank.no/investor-relations

Easybank leverer et resultat før skatt i 2. kvartal på 21,5 millioner, opp 4,2 millioner fra i fjor

Company news

2019-08-15 07:33:44

Netto renteinntekter i 2. kvartal ble 70,4 millioner, opp 16,1 millioner fra i fjor. Vi er godt fornøyd med at vi leverer nok et bra kvartal, selv om utlånsveksten er preget av ny forskrift om krav til finansforetakenes utlånspraksis for forbrukslån og implementeringen av gjeldsregisteret, sier administrerende direktør Oddbjørn Berentsen. Det er derfor viktig for banken å utvikle SMB- området for å sikre vekst på nye produktområder. Banken vil også utvikle betalingsløsninger, fakturakjøp og salgsfinansiering i konsumentmarkedet sammen med partnere.

Høydepunkter 2. kvartal

- Resultat før skatt 21,5 millioner (16,1 millioner etter skatt)
- Netto renteinntekter 70,4 millioner
- Annualisert egenkapitalavkastning på 12,4 % (13,0% første halvår)
- Vekst innen forbruksfinansiering 108,2 millioner
- Brutto utlånsportefølje 2,84 milliarder
- Distribusjonsavtaler med Conta Group AS og Melin Medical AS

  Regnskapsrapport Q2 2019.pdf
Presentasjon_Q2_2019.pdf

Western Bulk Chartering AS - First half year 2019 results

Company news

2019-08-14 08:55:13

Oslo, 14 August 2019

Tough start to the year following repositioning in a difficult market

In the first half of 2019 Western Bulk (the “Group”) posted a Net TC of USD -8.8 million and a loss after tax of USD -24.8 million.

The year commenced with a dramatic drop in the Baltic Supramax Index (BSI), plunging 57 % from the start of the year to a level of USD 4,837/day in February – levels not seen since the BSI posted its all-time low early 2016. Although recovering slightly thereafter, the market has remained low until just recently rebounding in July. The Group results were impacted by not foreseeing the magnitude of the sharp market fall, combined with a slower than expected market recovery.

The Company’s challenges in Chile have continued to hamper the results with a negative Net TC contribution of USD -7.5 million in the first half of the year, whereof USD -5.3 million in the first quarter. As several contracts expired in the first quarter, the losses were limited to USD -2.2 million in the second quarter.

In April Western Bulk raised USD 15 million in equity from its two main shareholders, Kistefos AS and Ojada AS. Given that the shares are trading below the subscription price of NOK 41,00, the Board of Directors has resolved to cancel the Subsequent offering.

The outstanding bond loan of NOK 300 million was fully repaid in April, and a more optimal financial structure has been agreed with the company’s lending bank.

In June Western Bulk took a leap towards data-supported decision-making by partnering up with world-leading maritime innovation company CargoMetrics. By utilizing existing and new data sources in smarter and more efficient ways, Western Bulk aims to take advantage of both long-held domain knowledge and disruptive technologies whilst continuing being a leading dry bulk operator helping the shipping industry move in the right direction.

“In recent times Western Bulk has been hit by a streak of unfortunate events, overshadowing the underlying performance and potential of the Group. With Chile restructured, enhanced risk measures, data-supported decision making and strengthened management with Hans Aasnæs joining the company from 1st of July we are confident that Western Bulk will prosper. As the majority shareholder, Kistefos supported Western Bulk through the equity issue in April and is also prepared to support Western Bulk and its new management in the future”, states Bengt A. Rem, Chairman of the Board of Western Bulk and CEO of Kistefos AS.


Outlook 2019

In July market rates have increased significantly with the BSI above $11,000/day. Western Bulk has been positioned to benefit from an increasing market and the Group expects to deliver a profit after tax in the second half of the year. Losses in Chile are expected to continue, but to be somewhat lower than in the first half of the year as several contracts expired in the first quarter.

Please see the attached First half year 2019 report for more information.


Contacts
For more information, please contact:
Hans Aasnæs, Chief Executive Officer
Tel: +47 922 53 957
E-mail: hans.aasnas@westernbulk.com

  20190814 Western Bulk Chartering AS H1-19 report_Final.pdf

Aprila Bank ASA: Interim results Q2 2019

Company news

2019-08-14 08:16:52

Aprila will present the Q2 results today, 14 August 2019, at 09:00 CET at Pareto Securities’ premises in Dronning Mauds gate 3.

The report and presentation are available at https://aprila.no/investor-relations/.

Contact person at Aprila Bank ASA:
Kjetil Barli, CFO
tel: +47 908 42 016
email: ir@aprila.no

   

Golar LNG Limited Q2 2019 results presentation

Company news

2019-08-13 18:30:01

Golar LNG's 2nd Quarter 2019 results will be released before the NASDAQ opens on Thursday August 29, 2019. In connection with this a webcast presentation will be held at 3:00 P.M (London Time) on Thursday, August 29, 2019. The presentation will be available to download from the Investor Relations section at www.golarlng.com

This webcast will be immediately followed by a Q&A session. Participants will be able to join the webcast by dialling-in using the following details:

a. Webcast

Go to the Investors, Results Centre section at www.golarlng.com and click on the link to "Webcast". To listen to the conference call from the web, you need to have installed Windows Media Player, and you need to have a sound card on your computer.

b. Teleconference

Call-in numbers:
International call +44 2071 928 000
UK Free call 0800 376 7922
US Toll +1 631 510 7495
USA Free call 866 966 1396
Norway Toll +47 23 96 02 64
Norway Free call 800 51874
The participants will be asked for their name and conference ID. The Golar conference ID is 1975358

There will be a Q&A session after the presentation. Information on how to ask questions will be given at the beginning of the Q&A session. There will be a limit of two questions per participant.

Please download the presentation material from www.golarlng.com (Investors, Results Centre) to view it while listening to the conference.

If you are not able to participate at the time of the call, you can either listen to a replay of the conference call on www.golarlng.com (Investors, Results Centre), or listen to a playback by dialling:

United Kingdom +44 3333 009 785
United States +1 917 677 7532
Norway +47 21 03 42 35

- followed by replay access number 1975358.   This service will be available for the 7 days immediately following the scheduled event.

   

KRAB 2Q19 Kraft Bank ASA

Company news

2019-08-13 07:56:43

Første kvartal med positivt resultat
- Netto utlånsvekst var 166 millioner kroner
- Utlån til kunder var 712 millioner kroner per 30. juni 2019
- Resultat etter skatt var 0,13 millioner kroner
- Ren kjernekapitaldekning var 61 %
- Uendret målsetning for utlån ved årsslutt 2019 på i overkant av 900 millioner kroner
- Banken forventer økt vekst og lønnsomhet for tredje og fjerde kvartal 2019

  2Q19 Kraft Bank ASA.pdf

Pioneer Marine Inc. (OSLO-OTC: PNRM)

Company news

2019-08-12 15:50:59

http://www.pioneermarine.com/ PNRM August 12th 2019 2nd Q results.pdf

Instabank ASA inviterer til presentasjoner av resultatet for andre kvartal 2019

Company news

2019-08-12 13:34:04

Instabank publiserer rapporten for 2. kvartal 2019 fredag 16. august og i den forbindelse vil det bli avholdt presentasjoner i Stavanger og Oslo på følgende tidspunkt;

- i Stavanger den 16. august kl. 09:00 i Bjergsted Terrasse 1 (SR Bank). Påmelding til corporateaccess@sb1markets.no tlf. 24133707

- i Oslo den 16. august kl. 14:00 i Olav Vs gate 5 (SpareBank 1 Markets). Påmelding til corporateaccess@sb1markets.no tlf. 24133707

   

Invitasjon til presentasjon av Easybanks delårsresultat for 2. kvartal

Company news

2019-08-08 10:24:33

Easybank presenterer resultat for 2. kvartal 2019 torsdag 15. august klokken 10.00 i sine lokaler. Adressen er Holbergs gate 21, 0166 Oslo. Påmelding gjøres til jennifer.grandin@easybank.no tlf 40 28 40 21
Resultatet offentliggjøres samme dag på selskapets hjemmeside og som melding.

   

Petrolia NOCO AS (PNO) - Appointment of Managing Director

Company news

2019-08-08 09:47:20

Petrolia NOCO is pleased to announce the appointment of Linn Katrine Høie as Managing Director with effect from 5th August 2019.

The Board of Directors of Petrolia NOCO AS, today announces the appointment of Linn Katrine Høie as the Managing Director of Petrolia NOCO AS. Linn Katrine will be responsible for taking the Company forward in the next stage of its growth.
Linn Katrine (42) comes to Petrolia NOCO with broad experience from the energy sector, most recently working with digitalisation of field development in Aker BP. She has held various management positions during her career and has a very broad technical and cross discipline understanding of the industry. Her previous experience in building up management systems, process improvements, license management and project management are an ideal background for Petrolia NOCO as the company builds its portfolio, which includes two operated licences.

Robert Arnott, Executive Chairman of the Board said:
“We are very fortunate to have appointed someone of Linn Katrine Høie’s calibre and experience to lead our team of young and dynamic professionals in order to deliver value to its shareholders”.

Linn Katrine Høie, new Managing Director commented:
"I am looking forward to leading Petrolia NOCO as we continue to seek to create and deliver material value for shareholders. The company’s key strength of entrepreneurial exploration remains the focus of the Company offering investors significant growth potential”.

About Petrolia NOCO AS
Petrolia NOCO AS is a privately owned independent oil company qualified as an operator on the Norwegian Continental Shelf.
Its shares are registered in the Norwegian Central Securities Depository (“Verdipapirsentralen”, VPS) with ISIN: NO0010844301. The shares are registered with ticker “PNO” on the NOTC (www.notc.no), a market place for unlisted shares.
Petrolia NOCO AS has been involved in exploration in Norway since 2012 and has 12 licences including two operatorships, one in the northern North Sea (PL 933) and one in the Norwegian Sea (PL 1013).
Petrolia NOCO AS is highly geared to creating significant value for stakeholders through its strategy of focusing on material exploration success. By applying smart and cost effective technology with Norwegian Continental Shelf competence, the company is challenging consensus to open new exploration plays.

https://www.petrolianoco.no/  

Aksjer i Asker og Bærums Budstikke AS er igjen åpnet for handel

Company news

2019-08-07 23:36:41

Foretaksregisteret har ferdigbehandlet kapitalnedsettelsen, og deretter kapitalutvidelsen, i morselskapet. Dette i tråd med "drop-down-fisjonen" vedtatt på generalforsamling 26.mars 2019. Aksjer i Asker og Bærums Budstikke AS er nå igjen åpnet for handel.

http://investor.budstikka.no/aksjer-i-asker-og-baerums-budstikke-as-er-igjen-apnet-for-handel/  

GoodBulk Ltd. (N-OTC: BULK) Announces Financial Results for the Second Quarter Ended 30 June, 2019

Company news

2019-08-02 14:27:40

Hamilton, Bermuda – (02 August, 2019) – GoodBulk Ltd. (“GoodBulk” or the “Company”) (N-OTC: BULK) an owner and operator of dry bulk vessels today announced its financial results for the second quarter ended 30 June, 2019.

The availability of these results can be found on our website at: https://goodbulk.com/financial-reports/.


About GoodBulk Ltd.
GoodBulk, incorporated in Bermuda and headquartered in Monaco, is an owner and operator of dry bulk vessels formed in October 2016 for the purpose of owning high quality second hand dry bulk vessels between 50,000–210,000 DWT. GoodBulk owns a fleet of twenty-six dry bulk vessels, including twenty-five Capesize vessels and one Panamax vessel. Designed to provide an efficient vehicle for investors to access the dry bulk market, all vessels are externally managed by C Transport Maritime S.A.M. a leading third-party manager of dry bulk vessels. GoodBulk is listed on the Norwegian OTC market under the symbol BULK. More information can be found online at www.goodbulk.com.

Company contact
Andrew Garcia
President and Director
GoodBulk Ltd.
Tel +377 97 98 59 87
Email ag@goodbulk.com

https://goodbulk.com/  
https://goodbulk.com/financial-reports/

Aprila Bank ASA: Invitation to presentation of Q2 2019

Company news

2019-08-01 16:24:06

Aprila Bank ASA reports the interim results for the second quarter on 14 August 2019. A presentation will be held at Pareto Securities’ premises in Dronning Mauds gate 3, 8th floor at 09.00.

Please register your attendance with Henriette Christensen at henriette@paretosec.com.

The presentation will be available on the company's website:

https://aprila.no/investor-relations/

Contact person at Aprila Bank ASA:
Kjetil Barli, CFO, tel: +47 908 42 016

   

Bank2 (BATO) Fortsatt sterk vekst for refinansieringslån og gode tall fra Finans2

Company news

2019-08-01 13:55:14

Bank2 ASA fikk pr. utgangen av 1. halvår 2019 et resultat før skatt på kr 78 mill., som er kr 17 mill. bedre enn i 1. halvår 2018. Resultat etter skatt var kr 59 mill., som er kr 13 mill. bedre enn for samme periode i fjor. Dette gir en egenkapitalavkastning på 16,7 %. Bankens samlede utlån økte med kr 352 mill. i 1. halvår, som gir en vekst på 10 %. Refinansieringslån vokser sterkest i perioden, idet utbetalte lån økte med nærmere 30 % sammenlignet med samme periode i fjor.

Samlede refinansieringslån i privatkundesegmentet har vokst fra kr 1.825 mill. pr.1. halvår 2018 til kr 2.235 mill. pr.1. halvår 2019. Dette tilsvarer en vekst på 22 %. Refinansieringslån til privatpersoner sikret med pant i fast eiendom utgjør bankens viktigste produktområde.

- Vi opplever en betydelig vekst i etterspørselen etter våre refinansieringsløsninger. Dette er i tråd med våre forventninger, og kommer som en konsekvens av skjerpede krav til utlån gjennom forbrukslånbankene og høy vekst i usikret og dyr forbruksgjeld hos norske husholdninger de siste årene, sier Frode Ekeli, administrerende direktør i Bank2. Våre dyktige rådgivere har lang erfaring med å finne løsninger i situasjoner der det er behov for økonomisk opprydning.

Samlede utlån til finansiering av eiendomsprosjekter i Oslo-området viser fortsatt en stabil og fin utvikling. I løpet av 1. halvår er det utbetalt nye prosjektfinansieringslån for ca. kr 500 mill. Samlede utlån på dette området utgjør nå kr 1.240 mill., mot kr 1.197 mill. pr. 1. halvår 2018.

- Finansiering av eiendomsprosjekter i Oslo-området er et viktig supplement til vår øvrige virksomhet, sier Frode Ekeli. Vi retter oss mot profesjonelle eiendomsutviklere som har vist evne til å gjennomføre gode prosjekter, og kan med dedikerte medarbeidere og korte beslutningsveier være en fleksibel samarbeidspartner.

Tap på utlån holder seg på et lavt nivå, og utgjorde 0,32 % av samlede utlån i 1. halvår 2019. Bankens samlede kostnader i prosent av inntekter utgjorde 32,2 % i 1. halvår, mot 36,1 % i 1. halvår 2018.

Bank2 Konsern, som omfatter Bank2 ASA, Finans2 AS (Norge), Finans2 AB (Sverige) og Finans2 A/S (Danmark), hadde et resultat før skatt på kr 88 mill., mot kr 68 mill. i 1. halvår 2018. Finans2 AS oppnådde et resultat før skatt på kr 11 mill. i 1. halvår 2019, mot kr 8 mill. i samme periode i 2018, hvor ekstraordinære inntekter utgjorde kr 10 mill. Ordinære driftsinntekter i Finans2 AS økte fra kr 23 mill. 1. halvår i fjor til kr. 36 mill. i 1. halvår i år, og understreker den positive utviklingen i selskapet.

- Finans2 har vært gjennom en betydelig omstillingsprosess som vi nå begynner å se gode effekter av. Forbedring av rutiner og systemløsninger og høyere gjennomsnittlige inntekter pr. inkassosak er de viktigste årsakene til den positive utviklingen. Dette forventer vi vil fortsette, sier Frode Ekeli.

Finansielle nøkkeltall for Bank2 ASA 1. halvår 2019 (2018)

• Egenkapitalavkastning 16,7 prosent (17,0)
• Resultat pr. aksje 0,49 kroner (0,44)
• Aksjonærenes andel av bokført egenkapital pr. aksje 6,28 kroner (4,87)
• Kostnadsprosent 32,2 % (36,1 %)
• Tap på utlån 0,32 prosent (0,25)
• Samlede utlån kr 3,9 mrd. (3,2)

Kontakt
Frode Ekeli, administrerende direktør, mobil +47 911 42 303

https://bank2.no/investor-relations/kvartalsrapporter Halvårsrapport 2019.pdf
Pressemelding.pdf
https://bank2.no/investor-relations/pressemeldinger

Notice to the shareholders in Zenterio AB (publ)

Company news

2019-08-01 12:39:55

We need to inform you that Zenterio AB have filed for bankruptcy in the court Monday 15th of July, The company is therefore in administration managed by Ackordscentralen Stockholm AB.

   

Bastø Fosen AS er tildelt kontrakt – Drift av fylkesvegsambandet Svelvik – Verket

Company news

2019-07-30 13:22:10

Bastø Fosen AS, et heleid datterselskap av Torghatten ASA, er tildelt kontrakten «Drift av fylkesvegsambandet Svelvik – Verket» av Buskerud Fylkeskommune. Kontrakten har en varighet på 10 år fra 1. januar 2022, med mulighet for 2 års prolongering.

«Vi er stolte og glade over å ha vunnet dette anbudet», sier en fornøyd direktør Øyvind Lund i Bastø Fosen AS. «Tildelingen betyr at vi bestiller ny helelektrisk ferge til sambandet Svelvik - Verket.»

Kontraktene, med prolongering, har en verdi på ca. 268 MNOK.

Kontaktperson:
Adm. direktør i Bastø Fosen AS, Øyvind Lund, tlf. 95 22 78 88

For ytterligere informasjon, se vedlagte OTC-melding.

  OTC-melding Svelvik_Verket_Bastø Fosen juli 2019.pdf

CASTOR : Castor Maritime Inc. Announces New Vessel Acquisition

Company news

2019-07-29 16:25:06

Castor Maritime Inc. Announces New Vessel Acquisition

Limassol, Cyprus, July 29, 2019 – Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the
“Company”), a global shipping company specializing in the ownership of dry-bulk vessels, today
announced that on July 25, 2019, it has entered into, through a separate wholly-owned subsidiary,
an agreement to purchase a 2001 Korean built Panamax dry bulk carrier from an unaffiliated third
party for a purchase price of $6.7 million.

The acquisition is expected to be consummated late third quarter / early fourth quarter of 2019
and is subject to the satisfaction of certain customary closing conditions.

Petros Panagiotidis, Chairman, Chief Executive Officer and Chief Financial Officer of Castor,
commented: "We are pleased to announce the acquisition of our second dry bulk carrier, which,
in a very short period, doubles the size of our fleet. We believe that the addition of this vessel to
our fleet will be immediately accretive to our cash generating ability and is consistent with our
growth-oriented strategy and our goal of increasing shareholder value.”

About Castor Maritime Inc.

Castor Maritime Inc. is an international provider of shipping transportation services through its
ownership of dry bulk vessels. The Company’s vessel is employed primarily on medium-term
charters and transports a range of dry bulk cargoes, including such commodities as coal, grain and
other materials along worldwide shipping routes.
Upon completion of this acquisition, the Company's fleet will consist of two Panamax dry bulk
carriers.

For more information please visit the company’s website at www.castormaritime.com

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private
Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking
statements in order to encourage companies to provide prospective information about their
business. Forward-looking statements include statements concerning plans, objectives, goals,
strategies, future events or performance, and underlying assumptions and other statements,
which are other than statements of historical facts. The Company desires to take advantage of
the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including
this cautionary statement in connection with this safe harbor legislation. The words “believe,”
“anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,”
“should,” “expect,” “pending” and similar expressions identify forward-looking statements. The
forward-looking statements in this press release are based upon various assumptions, many of
which are based, in turn, upon further assumptions, including without limitation, our
management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were
reasonable when made, because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and are beyond our
control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or
projections. We undertake no obligation to update any forward-looking statement, whether as a
result of new information, future events or otherwise. In addition to these important factors,
other important factors that, in the Company’s view, could cause actual results to differ materially
from those discussed in the forward‐looking statements include general dry bulk shipping market
conditions, including fluctuations in charterhire rates and vessel values, the strength of world
economies the stability of Europe and the Euro, fluctuations in interest rates and foreign exchange
rates, changes in demand in the dry bulk shipping industry, including the market for our vessels,
changes in our operating expenses, including bunker prices, dry docking and insurance costs,
changes in governmental rules and regulations or actions taken by regulatory authorities,
potential liability from pending or future litigation, general domestic and international political
conditions, potential disruption of shipping routes due to accidents or political events, the
availability of financing and refinancing and grow our business, vessel breakdowns and instances
of off‐hire, risks associated with vessel construction, potential exposure or loss from investment
in derivative instruments, potential conflicts of interest involving our Chief Executive Officer, his
family and other members of our senior management, and our ability to complete acquisition
transactions as planned. Please see our filings with the Securities and Exchange Commission for a
more complete discussion of these and other risks and uncertainties. The information set forth
herein speaks only as of the date hereof, and the Company disclaims any intention or obligation
to update any forward‐looking statements as a result of developments occurring after the date of
this communication.

CONTACT DETAILS

For further information please contact:
Petros Panagiotidis
Castor Maritime Inc.
Email: info@castormaritime.com

Media Contact:
Kevin Karlis
Capital Link
Email: castormaritime@capitallink.com

http://castormaritime.com/ Castor Maritime Inc. Announces New Vessel Acquisition.pdf

Office address

Postal address

Fjordalléen 16

Postboks 1501 Vika

0117 Oslo

Phone

Email

(+47) 23 11 17 41

post@notc.no