Another Greek bulk carrier violates Nasdaq regulations

For the second time in just a few days a Greek dry bulk carrier has been notified that its share price is too low and in breach of Wall Street regulations, which could result in a delisting unless the company gets back on track.

BY OLE ANDERSEN

Another Greek dry bulk carrier, FreeSeas, has been notified by Nasdaq in New York that the carrier does not comply with the listing requirement that applies when a company's share is traded for less than one USD for a period of 30 trading days, says FreeSeas in a statement.

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Another Greek bulk carrier violates Nasdaq regulations

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Weak share prices could send carriers off Nasdaq

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

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Less than one percent of the container fleet is currently idle

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Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

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