latest news releases from the newsroom
Overseas Shipholding Group, Inc.
OSG Announces Presentation to Investors
NEW YORK, May 16, 2006 (PRIMEZONE) -- Overseas Shipholding Group, Inc. (NYSE:OSG), a market leader in providing energy transportation services, today announced that Morten Arntzen, President and Chief Executive Officer, and members of the OSG management team, will speak to investors and analysts attending the Company's Investor Event on Thursday, May 18, 2006 in Philadelphia, Pennsylvania. The presentation will be held from 9:30 a.m. ET to approximately 12:30 p.m. ET and will be available via webcast on the Company's website at http://www.osg.com under Events and Webcasts in the Investor Relations section. The webcast replay of the presentation will be available from May 18, 2006 through August 16, 2006.
Stolt-Nielsen S.A. Purchased 382,950 of its Common Shares
LONDON, May 16, 2006 (PRIMEZONE) -- Stolt-Nielsen S.A. (Nasdaq:SNSA) (Oslo:SNI) announces that Stolt-Nielsen Transportation Group Ltd. (SNTG), a 100%-owned subsidiary of SNSA, purchased today 382,950 of SNSA Common Shares on the Oslo Stock Exchange at an average price of NOK 164.05 per share (approximately $26.91 at the current exchange rate). The shares were purchased in accordance with the repurchase program announced on August 25, 2005, authorizing Company to purchase up to $200 million worth of its Common Shares or related American Depositary Shares.
Knightsbridge Tankers Limited
Knightsbridge Tankers Announces First Quarter Results
HAMILTON, Bermuda, May 16, 2006 (PRIMEZONE) -- Knightsbridge Tankers Limited (the "Company") reports net income of $14.2 million and earnings per share of $0.83 for the first quarter of 2006. The average daily time charter equivalents ("TCEs") earned by the Company's five VLCCs in the quarter was $54,300 compared with $58,600 in the immediately preceding quarter. This decrease reflects the slight weakening of the market experienced in the first quarter. Net interest expense for the quarter was $1.3 million (2005 comparable quarter: $0.9 million) and at March 31, 2006, all of the Company's debt remains floating rate debt. As of May 8, 2006, the Company has an average cash breakeven rate for its vessels of $18,900 per vessel per day compared to $16,700 at January 31, 2006. This increase is as result of increased general market interest rates and increased operating costs for the Company.
Penn's Landing Corporation
Big Names Announced for BIG MUSIC WEEKEND 2006 at Penn's Landing
PHILADELPHIA, May 16, 2006 (PRIMEZONE) -- Due to overwhelming demand, Penn's Landing Corporation is proud to continue the free weekend concert event, which debuted last year to celebrate the 20th Anniversary, and returns this year as BIG MUSIC WEEKEND 2006. As the centerpiece of the 2006 season, the Penn's Landing Corporation announces the line up of marquee talent scheduled to perform at this year's BIG MUSIC WEEKEND, July 21-23, 2006, at the Great Plaza at Penn's Landing, Columbus Boulevard at Market Street. Presented by Independence Blue Cross, this extraordinary weekend of free concerts will feature R&B star Angie Stone, teen favorites the Veronicas, and Ashley Parker Angel, and Grammy award winner Mary Chapin Carpenter.
O2Micro International Limited
O2Micro Obtains Patent Jury Verdict
GEORGE TOWN, Grand Cayman, May 16, 2006 (PRIMEZONE) -- O2Micro(R) International Limited (Nasdaq:OIIM) (SEHK:0457) announced today that the jury in the U.S. District Court of the Eastern District of Texas returned a verdict favorable to O2Micro in its patent infringement action against Beyond Innovation Technology Co., Ltd. ("BiTEK"), SPI Electronic Co., Ltd. ("SPI"), FSP Group ("FSP") and Lien Chang Electronic Enterprise Co., Ltd. ("Lien Chang") involving claims 1, 15, 35 and 39 of U.S. Patent Number 6,259,615, claims 12 and 16 of U.S. Patent Number 6,396,722 and claims 13, 16 and 17 of U.S. Patent Number 6,804,129.