Evangelos Pistiolis-led Top Ships reported much smaller losses for 2012, despite logging less than half the voyage revenues of the year before due to weaker rates. It reported net losses of $64M for 2012 versus net losses of $189.1M in 2011.

Baltic Trading Limited reported its financial results for the three months ended March 31, 2013. The company recorded a net loss of $5.1 million. John C. Wobensmith, President and Chief Financial Officer, commented, "During the first quarter, we continued to implement our fleet deployment strategy that provides the ability to enhance future performance when market conditions in the drybulk industry improve..."

Genco reported its financial results for the three months ended March 31, 2013. The Company recorded net loss attributable to Genco for the first quarter of 2013 of $48.2 million, or $1.12 basic and diluted loss per share. John C. Wobensmith, Chief Financial Officer, commented, "Genco remains committed to effectively managing the Company through the current drybulk shipping cycle..."

StealthGas announced today the closing of its previously announced public offering of 10,000,000 shares of common stock. In addition, the underwriters exercised their option to purchase an additional 1,500,000 shares of common stock in full, bringing the total number of shares sold in the offering to 11,500,000 shares. The total gross proceeds from the offering before the underwriting discount and other offering expenses are $115,000,000.

Capital Product Partners today released its financial results for the first quarter ended March 31, 2013. Mr. Ioannis Lazaridis, Chief Executive and Chief Financial Officer of the Partnership's General Partner, commented: "We are very pleased to have acquired two 5,023 TEU container vessels with long term period charters, partly financed by the proceeds from our 9.1 million Class B Convertible Preferred Unit issuance..."

Danaos reported unaudited results for the quarter ended March 31, 2013. Danaos' CEO Dr. John Coustas commented: "Despite this challenging container market environment, we are reporting yet another solid quarter. Adjusted Net Income for this quarter came in at $13.9 million or 13 cents per share, $3 million lower than the first quarter of 2012 due to the weaker charter market today when compared to 1 year ago..."

Globus Maritime Ltd, reported its unaudited consolidated operating and financial results for the 4th quarter and year ended December 31, 2012. George Karageorgiou, President, CEO and interim CFO of Globus Maritime Limited, stated: "Fiscal year 2012 was a challenging period for our company as our results were negatively affected by weak freight rates reflecting the ongoing instability and weakness in the dry bulk market..."

New York-listed Tsakos Energy Navigation on Monday announced plans to issue Series B cumulative redeemable perpetual preferred shares in a public offering. Proceeds will be used for “general corporate purposes”, which may include “making vessel acquisitions or investments”, according to a statement issued by the company.