SOURCE: Wall Street Equity Research

Wall Street Equity Research

September 22, 2010 08:55 ET

Analyst Study on DryShips and Genco Shipping & Trading - Shipping Stocks Trying Their Best to Stay Afloat

JOHANNESBURG, SOUTH AFRICA--(Marketwire - September 22, 2010) - brings investors market knowledge on the aspects moving the shipping stocks, and offers complete analytical research on companies like DryShips Inc. (NASDAQ: DRYS) and Genco Shipping & Trading Ltd. (NYSE: GNK). Register with today to gain full access to our complimentary research on these shipping stocks.

The Shipping Sector is under-pressure lately due to its inability to foresee the economic downturn. Prior to the global recession the shipping industry was ordering large amounts of new ships in anticipation of a growth in commodities demand. These ships typically take three years to be delivered. Flash forward to 2010 and the shipping industry finds itself with a glut of boats despite a struggling commodities market. It is estimated that there are currently 72 million deadweight tons of ship as opposed to 27 million before the recession in 2008. To maintain profitability, main companies are slashing shipping rates to increase volume. is a specialized website where investors can have specific access to complimentary reports on shipping industry; traders looking for analysis on DryShips Inc., Genco Shipping & Trading Ltd. and other players in the industry are welcomed to sign up for free at

The shipping industry greatly needs resurgence in demand for core commodities. Unfortunately, this isn't happening as China recently lowered its iron ore needs. Consequently the Baltic Dry Index, a key indicator of the sector's health, has fallen steadily. The Shipping Sector is banking on a growth in emerging markets. They hope that the growing pocketbooks of the Chinese and Indian middle class will spark a large increase in global goods transportation. Visit us at to understand the catalysts and forces driving or affecting companies in the shipping industry.

Another focus within the industry is evolving its service to be more environmentally friendly. The International Maritime Organization will meet on September 27th, 2010 to consider a required 30% cut in Carbon-dioxide emissions by 2023.

Also making the news in this sphere is the tribulations afflicting DryShips Inc. which finds itself financially dried out. The company plans to issue equity worth $350 million to finance its deepwater drilling ambitions by acquiring two offshore energy-exploration vessels. Investors can register today at to download the full report on DryShips Inc.

Additionally in the headlines within the shipping industry is SAC Capital purchase of over 2 million shares of Genco Shipping & Trading Ltd. which is considered one of the riskiest equity in an already volatile sector. Investors can access free research on Genco Shipping & Trading Ltd. now by signing up at

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