SOURCE: StockCall

StockCall

August 19, 2010 09:48 ET

Research on DryShips and Genco Shipping - Some Shipping Stocks Cruising Profitably

JOHANNESBURG, SOUTH AFRICA--(Marketwire - August 19, 2010) -  www.stockcall.com/ offers investors comprehensive research on the shipping industry and has completed analytical research on DryShips Inc. (NASDAQ: DRYS) and Genco Shipping & Trading Ltd. (NYSE: GNK). 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.

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 DryShips Inc. and Genco Shipping & Trading Ltd.; 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. Register now at https://stockcall.com/development/stockcall/page.php?name=register.html to have free access to our reports on the shipping industry.

Close to the end of last month, DryShips Inc., Greek drybulk shipper, posted upbeat earnings which defeated Wall Street estimates. The company saw its second quarter net profit at $8.7 million on revenue of $224.2 million. On August 9th Genco Shipping & Trading Ltd. released higher profit boosted by a surge in time charter coverage. The company posted net income of $36.8 million with revenue up by 12% to $105.3 million as a result of an increase in the size of fleet. Investors can register for free to access the research reports on DryShips Inc. and Genco Shipping & Trading Ltd. at www.stockcall.com/DRYS190810.pdf or www.stockcall.com/GNK190810.pdf.

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