Seabulk International SBLK
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Star Bulk Carriers ( SBLK ) said one of its ships suffered hull damage entering a Turkish port, forcing the company to declare the vessel off-hire to potential charterers for at least a month. Shares ...
Star Bulk Carriers ( SBLK ) said one of its ships suffered hull damage entering a Turkish port, forcing the company to declare the vessel off-hire to potential charterers for at least a month. Shares -1.2% AH. Post your comment!
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Is It Time To Buy Dry Shippers?
… Eagle Bulk Shipping Inc. ( EGLE ) FreeSeas Inc. ( FREE ) Genco Shipping & Trading Ltd. ( GNK ) Star Bulk Carriers Corp. ( SBLK ) Seanergy Maritime Holdings Corp. ( SHIP ) Paragon Shipping Inc. ( PRGN ) Excel Maritime Carriers Ltd. ( EXM ) A Brief History …
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Star Bulk Carriers: Get In For The Long Haul
… my last article on Star Bulk Carriers ( SBLK ), about 6 months ago, I recommended it as a "good buy." SBLK traded that day at $1.47 a share and ..... gained 4.4%. I suffered along - as SBLK is my 8th largest holding on a cost basis …
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Paragon Shipping: Value Play in Box Ships Equity
By J. Mintzmyer : Paragon Shipping ( PRGN ) has been badly beaten by the markets along with the entire shipping sector. Paragon reported a loss of $16.8M for Q2-11 (reported August 8 th ), mainly due to a $14.8M loss on sale of assets due to depreciating equity valuations. The entire sector has ...
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Excel Maritime Carriers: Trading Below Liquidation Value
… wide consolidation phase is about to take place. I also wrote articles that broke down the valuations of Starbulk Carriers ( SBLK ) and DryShips ( DRYS ). However, EXM trades at a larger discount than either of these companies and does not have the additional …
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Star Bulk Carriers ([[ SBLK ]] -16.4%) sinks after the Greek shipper prices its 16.7M share secondary offering at $1.80 per share. The Company plans to use the proceeds to purchase two second-hand ...
Star Bulk Carriers ( SBLK -16.4% ) sinks after the Greek shipper prices its 16.7M share secondary offering at $1.80 per share. The Company plans to use the proceeds to purchase two second-hand drybulk carriers. Post your comment!
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Short Industrial Commodities, Avoid Global Shippers as China Crashes
Glen Bradford submits: Greece wouldn't be in so much trouble if it weren't for the oversupply of shipping capacity and the overcapacity of shipbuilding production -- on a global scale. China has an insatiable appetite for acquiring more industrial commodities than it can put to use using a positive
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A Look at Dry Bulk Company Valuations
The dry bulk market is still depressed after the global financial crisis. Too many ships are on order, there are too few demolitions, there’s too little growth in demand relative to supply and there's a fragmented market. I am not ready to say that the worst is behind us but in the long term I ...
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Why a Suez Canal Closure Would Be Good for Shipping
1. Egypt situation We have all seen the pictures of demonstrations in Egypt and regime change in Tunisia. The question for investors now is the following: Will Egypt be the next domino, or will Mr. Mubarak somehow find a way to stay in power in the near-term? What will happen before we know what ...
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Shipping Industry: Baby in the Sea Water
… price/book ratios for some of the larger dry-bulk shippers: The ones that look appealing at first glance are TBSI, ESEA and SBLK . Of course, this is only a first look at these companies, and digging much further into these companies would be necessary …