Naz News, Gappers and FLE's

[sludgehound]

FREE at wsobserver 11:33am et

Also these guys on it. Only thing no one mentions is the Greek situation. Just a guess but maybe the Greek owners of most shippers have some inside track that country is kicking can for next 6 months so less reason to consider up & moving elsewhere.

http://www.wsobserver.com/why-making-dramatic-moves-freeseas-inc-nasdaqfree-peabody-energy-corporation-nysebtu-himax-technologies-inc-adr-nasdaqhimx/7219153/

Why Making Dramatic Moves? – FreeSeas Inc (NASDAQ:FREE), Peabody Energy Corporation (NYSE:BTU), Himax Technologies, Inc. (ADR) (NASDAQ:HIMX)

By Leslie Settles • June 16, 2015

FreeSeas Inc (NASDAQ:FREE) more than doubled with no clear reason to point for the activity.

The company recently acquired a 51% controlling stake in the newly formed Standcorp International Limited. The rest of the shares are owned by non-affiliated entities associated with the Marvin group of companies, whose extensive experience for over twenty years has focused in the operation and ownership of tanker vessels. Standcorp will engage in the commercial operation of product and crude oil tankers covering a large array of sizes, by contracting them through time charter or bareboat charter arrangements, and subsequently deploying them in the spot market or in fulfillment of contract cargoes. The company intends to operate in generic markets but also to focus on a number of niche markets, such as West Africa. In addition, the company shall, depending on market conditions, commercially operate dry-bulk carriers either chartered-in, acquired, or through services agreements with affiliated Owners, including FreeSeas Inc. tonnage.

Peabody Energy Corporation (NYSE:BTU) extended fall after reports the company is facing the possibility of paying more for insurance that covers environmental damages.

The Wyoming Department of Environmental Quality’s Land Quality Division is looking over financial data from 2014 from Peabody and fellow coal company Arch Coal (ACI) in order to determine if they still qualify for a “self-bonding” program. This program allows producers of coal to inexpensively insure their clean-up costs in case of a bankruptcy.

Miners that cannot meet specific financial benchmarks have to buy instruments including corporate surety bonds and treasury bills, or the must hang onto enough cash to cover reclamation liabilities, Bloomberg said.

Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) was on the rise after declaring that its cutting edge 0.22? “Front-Lit(TM) LCoS module”, a Liquid Crystal on Silicon (LCoS) microdisplay product, has won the 2015 Taiwan Outstanding Photonics Product Award from the Photonics Industry and Technology Development Association. Himax’s proprietary Front-Lit(TM) LCoS module marks a major technological breakthrough for the industry’s development of microdisplay which is critical for the emerging head-mounted device market.