SOURCE: Five Star Equities

Five Star Equities

May 30, 2012 11:50 ET

DryShips and Genco Shipping & Trading Look to Benefit as Baltic Dry Index Increases

Five Star Equities Provides Stock Research on DryShips and Genco Shipping & Trading

NEW YORK, NY--(Marketwire - May 30, 2012) - The Shipping Industry has continued to face adversity after experiencing a painful 2011. The industry reported widespread first quarter losses as a result of surging oil prices and a supply glut of shipping vessels. However, a mild recovery might just be around the corner as freight rates are gradually moving upwards. Five Star Equities examines the outlook for companies in the Shipping Industry and provides equity research on DryShips Inc. (NASDAQ: DRYS) and Genco Shipping & Trading Limited (NYSE: GNK).

Access to the full company reports can be found at:

www.FiveStarEquities.com/DRYS
www.FiveStarEquities.com/GNK

The Baltic Dry Index, which tracks worldwide shipping rates for dry-bulk cargoes such as coal, iron ore and grain, has increased to 1,100 this month. The BDI plunged to its lowest level since 2009 in February hitting 647. Recent hard work from container shippers to get freight rates back to respectable levels have paid off. According to an article in the China Daily recent industry data shows that the cost of shipping a container on the Asia-Europe route has increased from $500, at the end of 2011, to $1,700.

Five Star Equities 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.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.

DryShips is an owner of drybulk carriers and tankers that operate worldwide.The company recently announced that it will release its results for the first quarter ended March 31, 2012 after the market closes in New York on Tuesday, May 29, 2012. DryShips will host a conference call the following day on Wednesday, May 30, 2012, at 9:00 a.m. EDT to discuss the Company's financial results.

Genco Shipping & Trading Limited transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. The Company recorded net loss attributable to Genco for the first quarter of 2012 of $33.1 million, or $0.87 basic and diluted loss per share. Comparatively, for the three months ended March 31, 2011 net income attributable to Genco was $13.4 million, or $0.38 basic and diluted earnings per share.

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