-
What Is The Baltic Dry Shipping Index And What Does It Do?
Wednesday, November 16, 2016 - 1:15pm | 327Read More...The incredible post-election spikes in a group of shipping stocks led by DryShips Inc. (NASDAQ: DRYS) has resulted in daily financial media discussions about the Baltic Dry Index. However, many traders that don’t trade shipping stocks may not be familiar with what exactly the Baltic Dry Index...
-
Iceberg Ahead? The Massive Rally In Shipping May Be A Function Of Brokerage Issues, Not Fundamentals
Tuesday, November 15, 2016 - 3:14pm | 564Read More...A number of stocks, led by DryShips Inc. (NASDAQ: DRYS), have delivered mind-boggling gains in the week since Donald Trump’s victory in the U.S. elections. The SPDR S&P 500 ETF Trust (NYSE: SPY) is up just 1.4 percent since the election, but DryShips has exploded more than 1,530 percent...
-
DryShips' Incredible Whale Of A Tale Of The Tape Day
Thursday, November 10, 2016 - 4:57pm | 278Read More...DryShips Inc. (NASDAQ: DRYS) is an owner of dry-bulk carriers and offshore support vessels. The stock gained more than 150 percent on Thursday after the company reported its third-quarter results after Wednesday's market close. DryShips reported that it lost $7.70 per share on revenue of $50.76...
-
Costamare Cut Its Dividend By 65% And Stock Fell 19% Tuesday
Wednesday, October 5, 2016 - 10:10am | 484Read More...Shares of Costamare Inc (NYSE: CMRE), a marine transportation provider with a fleet of approximately 70 container-ships, saw its stock plunge by 19 percent on Tuesday after the company reported an update to various financing arrangements and a dividend adjustment. New Financing Arrangements...
-
The Near Collapse Of A Major Shipping Company Could Have 'Substantial Impact' On Consumers, Retailers
Friday, September 2, 2016 - 8:47am | 392Read More...South Korea-based Hanjin Shipping Co is one of the largest container shipping companies, and it may be on the verge of bankruptcy. According to Reuters, Hanjin lost the support of banks after a funding plan submitted by its parent group was not sufficient to address its nearly $5 billion debt load...
-
Genco Shipping Gains 7%, Company Reaches Agreement With Lender To Extend Payment
Monday, April 11, 2016 - 9:59am | 131Read More...Shares of Genco Shipping & Trading Limited Ordinary Shares New (NYSE: GNK) traded higher by more than 7 percent Monday morning after the company announced it has reached an agreement with a lender to extend a payment. Genco Shipping stated it entered into an agreement with ABN Amro Capital in...
-
Shares Of Diana Shipping Plunges Following Announcement Of New $75 Million Term Loan Facility
Friday, January 8, 2016 - 1:42pm | 135Read More...Shares of Diana Shipping Inc. (NYSE: DSX) plunged lower by more than 10 percent on Friday and hit a new 52-week low of $3.42. Investors and traders were likely reacting to Diana Shipping's announcement that it signed 3 separate wholly-owned subsidiaries a term loan facility for up to $75,...
-
Attention Investors: Private Equity Loves The Shipping Industry
Tuesday, October 28, 2014 - 1:40pm | 742Read More...Private equity continues to pour money into the shipping industry. According to a recent article in the Hellenic Shipping Times, private equity funds put $14 billion into the sector in the first half of 2014 and that number could double in the second half. Private equity and distressed...
