Company’s name | Gain or (loss) in 2010 and 2011 (2nd quarter) | Tactics | Strategies |
“Star Bulk carriers” | $6 m and $1.7 m | Resort to time charters | Fleet expansion (buying 4 Capes) |
“Top ships” | ($103.5) in 2011 (excluding impairment charges) | ____ | ____ |
“Eagle bulk shipping” | $11 m in 2010; ($1.4) in 2011 | ______ | _____ |
“Diana shipping” | $33.9 m in 2010; $27.7 m in 2011 | Relied on past time charters | _____ |
“CMB-Belgium/Bocimar” | ?2.7 m in 2010; ?2.4 m in 2011 (half year) | Rely on past time charters | _____ |
“TBS Int.”-bulk carriers/multi-purposes | $9.7 m in 2010; $14.4 m in 2011 | Raise funds to repay loans | ____ |
Paragon | Revenue $169 m 2008; $161 m 2009; $9.1 m net income 1st Q 2010 (−52%); operating income37 $94 m in 2008; $69 m net income in 2008; $79 m in 2009 $65 m net profit in 2009; the TCE was $29,882/d in 2009 and $37,179/d 2008 (−20%). ($16.8 m) in 2011. | See detailed analysis below | See detailed analysis below. |