Meeting with CEO of Quintana Marine Transportation
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Date updated:03-21-2007

It is always beneficial to talk to management,even more so in a cyclical commodity-driven industry as marine transportation. In focus here is a meeting with Stamatis Molaris, President & CEO of Quintana Maritime Limited.Key takeaways are:
Best Operating cost base in the industry
Competitive daily cash flow break even for 2007: $12,396 (check against peers!!)
Growing ton mile demand as Brazil becomes the choice supplier of iron ore to China
Port constraints in Australia has been cited as a concern and Molaris stressed that it is a problem that will not go away(look out for quality infrastructure plays in Australia)
Remain focused on the iron ore trade, monitoring a good industry source because the commmodity determines charter rates in the dry bulk shipping industry especially for the largest class of vessels, Capesizes, and Panamaxes.
Management is committed to long-term charters, grow its fleet, and maintain a conservative dividend payout policy.

symbol name last price % change open
  • +
  • GSTL
    Gstl
  • $0.00
  • N/A
  • $N/A

Yield(2007E): 8.2% Payout:72% EV/EBITDA: 8.7x

People owning GSTL also tend to own: ARXTCALPCAMH.OBFXIJTXKMPLIFC

TheStreet.com Rating: No Rating What is this?

  • +
  • DSX
    Diana Shipping In
  • $13.49
  • +0.30%
  • $13.32

Yield(2007E): 9.6% Payout:100% EV/EBITDA: 10.2x

People owning DSX also tend to own: ALDBMYCNEGAINGOODHTEML.TO

TheStreet.com Rating: C+ What is this?

  • +
  • EGLE
    Eagle Bulk Shippi
  • $4.69
  • -2.49%
  • $4.74

Yield(2007E): 10.5% Payout:98% EV/EBITDA: 10.6x

People owning EGLE also tend to own: CVPCZNFGPGMRKEDKYNNCT

TheStreet.com Rating: C- What is this?

  • +
  • EXM
    Excel Maritime Ca
  • $5.96
  • 0.00%
  • $N/A

Yield(2007E): No dividends EV/EBITDA: 5.0x

People owning EXM also tend to own: FROOSGBDVCZNEPDGMRGSTL

TheStreet.com Rating: D+ What is this?

  • +
  • QMAR
    4.82
  • $24.29
  • 0.00
  • $24.29

Yield(2007E): 6.7% Payout:43% EV/EBITDA: 9.0x

People owning QMAR also tend to own: CSHCTRPJNJLGBTLVSMKLSVI

TheStreet.com Rating: C What is this?

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