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Stamatis Molaris, President & CEO of Quintana Maritime Limited, presides over the Market Open |
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Stamatis Molaris, President & CEO of Quintana Maritime Limited, rings The NASDAQ Stock Market Opening Bell |
Stamatis Molaris, President & CEO of Quintana Maritime Limited,
Rings The NASDAQ Stock Market Opening Bell
Thursday, September 28, 2006
at NASDAQ's MarketSite
in New York City.
Quintana Maritime Limited |
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Archived MarketSite Events | Summary Quote
Stamatis Molaris, President & CEO of Quintana Maritime Limited, will preside over the opening bell.
Quintana Maritime is an international provider of dry bulk cargo marine transportation services through the ownership and operation of drybulk vessels. It focuses on larger vessels conducive to the iron ore and steel trades, as well as other bulk commodities (grain etc). The company is one of the largest U.S. listed drybulk companies in terms of
tonnage: 27 vessels, with a carrying capacity of 2.3 million deadweight tons (dwt). In May 2006, the company announced the acquisition of 17 vessels, one of the largest in shipping history. It boasts the youngest fleet, with an average age of 4.0 years (industry average is 16 years).
It has the longest contract coverage among its peers, extending to 2010 (vessels operating under fixed period contracts with major end users).
In May 2006, it completed the largest private placement in shipping raising $191 million. QMAR went public in July 2005; all this has been achieved in less than 17 months. Quintana was formed by affiliates of each of Corbin J. Robertson, Jr. (Chairman of NYSE listed National Resource Partners -- NRP), First Reserve Corporation ("First Reserve"), and American Metals & Coal International, Inc. ("AMCI").
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