SOURCE: Wall Street Equity Research

Wall Street Equity Research

January 27, 2011 08:42 ET

Analyst Study on DryShips Inc. and Diana Shipping Inc. - Shipping Industry Struggles with Overcapacity

JOHANNESBURG, SOUTH AFRICA--(Marketwire - January 27, 2011) - brings investors market knowledge on the aspects moving the shipping stocks, and offers complete analytical research on companies like DryShips Inc. (NASDAQ: DRYS) and Diana Shipping Inc. (NYSE: DSX). Register with today to gain full access to our complimentary research on these shipping stocks.

The Baltic Dry Index has fallen 88% since its peak in May 2008 as demand for dry-bulk shipping has fallen alongside commerce levels. Capesize ships are getting approximately $8,700 a day pricewise compared with $40,000 a year ago. $8,700 is near breakeven levels for many ships. Along with the low production of coal in Australia due to flooding, further exacerbating low levels of shipping is the current glut of ships coming on to market. Visit us at to understand the catalysts and forces driving or affecting companies in the shipping industry. is a specialized website where investors can have specific access to complimentary reports on shipping industry; traders looking for analysis on DryShips Inc., Diana Shipping Inc. and other players in the industry are welcomed to sign up for free at

After heavy investment during recent boom years, 241 ships are expected to be delivered in 2011 after 210 were delivered in 2010. This is a far cry from the typical one every three weeks the sector is used to. Low shipping rates will be bad news for the sector that has assumed a great deal of debt buying the ships, hurting its prices in the first place.

Some companies are better positioned than others in the current environment. Diana Shipping Inc. is somewhat insulated from the fall-off in rates because it generally deals in longer-term contracts. It is believed that better-off companies will use the downturn as an opportunity for consolidation. Investors can access free research on Diana Shipping Inc. now by signing up at

Several companies are modifying their strategies in the new environment as well. Diana has increased some of its emphasis on containerships. Dryships Inc. has invested a great deal of money trying to establish a presence in the oil-tanker market. While there is some hope that the booming demand for coal and iron ore will save the dry-bulk shipping sector, diversifying players can't be blamed for trying to hedge their bets. Investors can register today at to download the full report on DryShips Inc.

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