By Osman Gulseven : Dryships ( DRYS ) is one of the most well-known players in the dry bulk shipping sector. It is a holding company primarily engaged in sea freight of dry bulk and petroleum cargoes worldwide. It also has a majority stake in Ocean Rig ( ORIG ) , which has six rigs designed for ...
Premarket gainers: RPRX +75% . CTIC +14% . ONCY +8% . EXM +7% . DECK +6% . XONE +6% . Losers: TWO -8% . FIVE -7% . GME -5% . Post your comment!
a recovery. Though Cramer might be on board, other analysts have warned bankruptcy risk is still in play as oversupply issues get worked out in the industry. On watch: EGLE , DRYS , EXM , GNK , SB , ESEA , PRGN , NEWL , FREE . 2 comments!
came in above expectations is helping to tip sentiment on the outlook for dry bulk shipping. Advancers: EGLE +12.4% , PRGN +5.1% , NEWL +7.4% , DRYS +2.7% , GNK +11.1% , EXM +16.3% , SHIP +6.6% . Post your comment!
approximately 25% at the end of the week. Its peers also recorded substantial gains; Eagle Bulk Shipping ( EGLE ) and Excel Maritime ( EXM ) went up 27% and 29%, respectively. Although the shipping industry is not expected to recover for at least another year
bottomed out in December and will start the march back to 1,000. Daily advancers: FREE +26.4% , ESEA +4.9% , NEWL +12.7% , SB +1.4% , GNK +1.9% , EGLE +2.6%, SHIP +7.4% , EXM +10.6% , PRGN +15.3% . 1 comment!
analysts warn the sector is a place for investors to look to "rent" stocks instead of buy and hold. Advancers: EGLE +40.5% , EXM +26.5% , DRYS +12.2%, PRGN +7.8% , ESEA +7.5% , DSX +6.1% , GNK +8.1% . Post your comment!
General Maritime go bankrupt while others look like they are on the verge including Eagle Bulk ( EGLE ) and Excel Maritime ( EXM ). Often in times of crisis, not only do major industry players get hurt but so do the suppliers to the troubled companies
Shipping stocks could see volatility after Deutsche Bank clips its rating on Genco Shipping. If history is any guide, when one sector name sneezes the rest catch a cold. On watch: DRYS , PRGN , EXM , FRO , OSG , NAT , OSK , TNK , TNP . Post your comment!
By Paulo Santos : Back in August 25, I wrote my article " A Bullish Thesis For Dry Bulkers ." In this article I exposed a thesis which could be positive for dry bulkers: The iron ore price drop could shut down China's domestic production, lead to more iron ore imports and thus to increased demand