SOURCE: Paragon Financial Limited

Paragon Financial Limited

August 01, 2012 08:20 ET

Despite Rising Demand DryShips and Eagle Bulk Shipping Continue to Battle Declining Shipping Rates

The Paragon Report Provides Stock Research on DryShips and Eagle Bulk Shipping

NEW YORK, NY--(Marketwire - Aug 1, 2012) - After unexpectedly showing positive gains to start the year shipping stocks have begun to struggle once again. Oversupply in the oil tanker and dry bulk sectors continue to plague shipping rates. "Oversupply in both sectors is quite sizeable and we think that it will take 12 to 15 months to see the light at the end of the tunnel," said Marco Vetulli, senior credit officer with Moody's, a ratings agency. The Paragon Report examines investing opportunities in the Shipping Industry and provides equity research on DryShips Inc. (NASDAQ: DRYS) and Eagle Bulk Shipping Inc. (NASDAQ: EGLE).

Access to the full company reports can be found at:

www.ParagonReport.com/DRYS
www.ParagonReport.com/EGLE

The Baltic Dry Index, a measure of costs to ship dry-bulk commodities, since hitting a low of 647 in February has rallied 66 percent to 1074. Despite the rally the index is still 50 percent below the levels seen in October.

"Demand for shipping has rebounded from its late-2008 lows but capacity has risen even faster, causing utilization rates and hence shipping costs to plummet," Jessop says. "Order books for delivery in 2012 suggest that this year will see a further surge in supply, maintaining the downward pressure on prices."

The Paragon Report releases regular market updates on the Shipping Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.

DryShips Inc. is a global shipping transportation company specializing in the transportation of drybulk cargoes. Their capesize and Panamax drybulk carriers carry predominantly coal and iron ore for energy and steel production as well as grain for feedstocks. The company's fleet has a carrying capacity that totals over 3.4 million deadweight tons.

Eagle Bulk Shipping is the largest U.S.-based owner of Handymax dry bulk vessels. This modern fleet is comprised principally of Supramax class vessels, a larger and more efficient Handymax design that enjoys strong demand from customers around the world. The company is scheduled to release their second quarter 2012 financial results after market close on August 8, 2012.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://www.paragonreport.com/disclaimer