| General Information |
| Business: |
We are a newly formed New York City-based company incorporated in October 2009 in the Marshall Islands to conduct a shipping business focused on the drybulk industry spot market. We were formed by Genco Shipping & Trading Limited (NYSE: GNK), a leading international drybulk shipping company that will also serve as our Manager. We intend to leverage the expertise and reputation of Genco to pursue growth opportunities in the drybulk shipping spot market. To pursue these opportunities, we plan to acquire and operate a fleet of drybulk ships that will transport iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. We plan to operate all of our vessels in the spot market, on spot market-related time charters, or in vessel pools trading in the spot market. |
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| Industry: |
DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT |
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| Contact Information |
| Address: |
299 Park Avenue, 20th Floor, New York, NY, 10171, US |
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| Financial Information |
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| Net Income: |
$ (15.8) mil (last 12 months) |
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| IPO Profile |
| Symbol: |
BALT |
| Shares (millions): |
16.30 |
| Price Range: |
$14.00 - $14.00 |
| Est.$ Volume |
$ 228.2 mil |
| Manager / Joint Managers |
Morgan Stanley/ Dahlman Rose |
| Co Managers |
Jefferies/ Lazard Capital Markets/ DnB NOR Markets |
| Expected to Trade |
3/10/2010 |
| Status |
Priced |
| SCOOP RATING |
Available only to Subscribers |
| RATING CHANGE |
Available only to Subscribers |
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