SOURCE: StockCall

StockCall

August 19, 2010 09:50 ET

Equity Research on Frontline and General Maritime -- What Lies Beneath this Quarter for Shipping Stocks?

JOHANNESBURG, SOUTH AFRICA--(Marketwire - August 19, 2010) -  www.stockcall.com/ offers investors comprehensive research on the shipping industry and has completed analytical research on Frontline Ltd. (NYSE: FRO) and General Maritime Corp. (NYSE: GMR). Register with us today at www.stockcall.com/ to have free access to these researches. 

While the economy is showing some signs of life, the shipping industry may be hard pressed to capitalize on it. The shipping industry is experiencing a large influx of new vessels, with the amount of ships in operation expected to grow by fifteen percent this year. This potential increase comes on the heels of a ten percent increase last year. Register now at https://stockcall.com/development/stockcall/page.php?name=register.html to have free access to our reports on the shipping industry.

www.stockcall.com/ is an online platform where investors doing their due-diligence on the shipping industry can have easy and free access to our analyst research and opinions on Frontline Ltd. and General Maritime Corp.; investors and shareholders of these companies can simply register for a complimentary membership at https://stockcall.com/development/stockcall/page.php?name=register.html

The increase in tankers and decrease in general trading have caused some companies to temporarily suspend the leasing of some of their ships, in a move designed to strengthen demand. Visit www.stockcall.com/ to see how companies in this industry have grown over the past years and how they are expected to perform in the future.

Despite the increased number of vessels, there is positive news for the industry out of China. With the economy still strong, the country is increasing its demand for coal as the winter season approaches, and is also importing iron ore and grains. While Japan's recent announcement of economic growth of only 0.4 percent has been disappointing, China has reported growth of 10.3 percent for the same period.

On the earnings front, General Maritime Corp. saw a wider loss this quarter as the oil tanker company incurred increased voyage expenses. Net loss was at $14.3 million, whilst voyage expenses soared to $30.4 million from $9.4 million a year ago. Frontline Ltd., another oil tanker company, has yet to post its financial report which is scheduled for release on August 27th. Frontline Ltd. and General Maritime Corp. research reports are accessible for free by registering today at www.stockcall.com/FDO190810.pdf or www.stockcall.com/GMR190810.pdf.

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