Aries Maritime Announces New Payment Date for First Quarter 2008 Dividend
04 Giugno 2008 - 10:30PM
PR Newswire (US)
ATHENS, Greece, June 4 /PRNewswire-FirstCall/ -- Aries Maritime
Transport Limited (NASDAQ:RAMS) today announced the Company's
previously declared first quarter dividend is expected to be paid
to shareholders on or about June 6, 2008. On May 13, 2008, the
Company's Board of Directors declared a $0.10 per share dividend
for the three-month period ended March 31, 2008. About Aries
Maritime Transport Limited Aries Maritime Transport Limited is an
international shipping company that owns and operates products
tankers and container vessels. All of the Company's products tanker
vessels are double-hulled with an average age of 7.4 years, which
excludes the Arius. Upon completing the sale of the Arius, the
Company's products tanker fleet will consist of five MR tankers and
four Panamax tankers. The Company also owns a fleet of three
container vessels, which excludes the Energy 1 and the MSC Oslo,
that have an average age of 18.5 years and range in capacity from
1,799 to 2,917 TEU. Currently, 11 of the Company's 15 vessels have
period charter coverage. Charters for 30% of the Company's products
tanker fleet currently have profit sharing components. "Safe
Harbor" Statement Under the Private Securities Litigation Reform
Act of 1995 This press release includes assumptions, expectations,
projections, intentions and beliefs about future events. These
statements are intended as 'forward-looking statements.' We caution
that assumptions, expectations, projections, intentions and beliefs
about future events may and often do vary from actual results and
the differences can be material. All statements in this document
that are not statements of historical fact are forward-looking
statements. Forward-looking statements include, but are not limited
to, such matters as future operating or financial results;
statements about planned, pending or recent acquisitions, business
strategy, future dividend payments and expected capital spending or
operating expenses, including drydocking and insurance costs;
statements about trends in the container vessel and products tanker
shipping markets, including charter rates and factors affecting
supply and demand; our ability to obtain additional financing;
expectations regarding the availability of vessel acquisitions; and
anticipated developments with respect to pending litigation. The
forward-looking statements in this press release are based upon
various assumptions, many of which are based, in turn, upon further
assumptions, including without limitation, management's examination
of historical operating trends, data contained in our records and
other data available from third parties. Although Aries Maritime
Transport Limited believes that these assumptions were reasonable
when made, because these assumptions are inherently subject to
significant uncertainties and contingencies which are difficult or
impossible to predict and are beyond our control, Aries Maritime
Transport Limited cannot assure you that it will achieve or
accomplish these expectations, beliefs or projections described in
the forward looking statements contained in this press release.
Important factors that, in our view, could cause actual results to
differ materially from those discussed in the forward-looking
statements include the strength of world economies and currencies,
general market conditions, including changes in charter rates and
vessel values, failure of a seller to deliver one or more vessels,
failure of a buyer to accept delivery of a vessel, inability to
procure acquisition financing, default by one or more charterers of
our ships, changes in demand for oil and oil products, the effect
of changes in OPEC's petroleum production levels, worldwide oil
consumption and storage, changes in demand that may affect
attitudes of time charterers, scheduled and unscheduled drydocking,
changes in Aries Maritime Transport Limited's voyage and operating
expenses, including bunker prices, dry-docking and insurance costs,
changes in governmental rules and regulations or actions taken by
regulatory authorities, potential liability from pending or future
litigation, domestic and international political conditions,
potential disruption of shipping routes due to accidents,
international hostilities and political events or acts by
terrorists and other factors discussed in Aries Maritime Transport
Limited's filings with the U.S. Securities and Exchange Commission
from time to time. When used in this document, the words
'anticipate,' 'estimate,' 'project,' 'forecast,' 'plan,'
'potential,' 'will,' 'may,' 'should,' and 'expect' reflect
forward-looking statements. Investor and Media Contacts: Michael
Cimini Vice President The IGB Group +1-212-477-8261 DATASOURCE:
Aries Maritime Transport Ltd CONTACT: Investor and Media Contacts:
Michael Cimini, Vice President, The IGB Group, +1-212-477-8261
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