SOURCE: Five Star Equities

Five Star Equities

April 06, 2012 08:20 ET

DryShips Inc. and Diana Shipping Inc. to Face Steep Decline of China's Iron Ore Imports

Five Star Equities Provides Stock Research on DryShips Inc. and Diana Shipping Inc.

NEW YORK, NY--(Marketwire - Apr 6, 2012) - The Shipping Industry has continued to struggle. Although there has been stabilization in the U.S. economy and fears of the euro crisis subsiding, the slowdown in China's growth has become a massive concern. China recently lowered its target growth for 2012 to 7.5 percent, the lowest level since 2004. Five Star Equities examines the outlook for companies in the Shipping Industry and provides equity research on DryShips Inc. (NASDAQ: DRYS) and Diana Shipping Inc. (NYSE: DSX).

Access to the full company reports can be found at:

www.fivestarequities.com/DRYS
www.fivestarequities.com/DSX

As China looks to increase domestic output of iron ore, we could see their iron ore imports fall as much as 14 percent. Domestic iron ore production increased by 283 million tons, or 27.2 percent, last year. The commodity makes up nearly 50 percent of the cargo transported by the Shipping Industry. "Decline in Chinese iron ore imports for 2012 would be a highly negative development for the (larger) capesize markets," said Rahul Kapoor, a Singapore-based analyst at investment bank RS Platou Markets.

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 Inc. recently reported financial and operating results for the fourth quarter and year ending December 31, 2011. For the fourth quarter of 2011, the Company reported a net loss of $6.2 million, or $0.02 basic and diluted loss per share. Included in the fourth quarter 2011 results are impairment losses on the vessels Avoca, Padre and Positano totaling $32.6 million, or $0.09 per share. Excluding these items, the Company's net results would have amounted to net income of $26.4 million, or $0.07 per share.

Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, recently announced that it has entered into a time charter contract with STX Panocean Co., Ltd., Seoul, through a separate wholly-owned subsidiary, for one of its Panamax dry bulk carriers, the m/v "Mining Star" (to be renamed "Melia"), at a gross charter rate of US$10,900 per day, minus a 5% commission paid to third parties, for a period of minimum eleven (11) months to maximum fourteen (14) months.

Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: www.fivestarequities.com/disclaimer

Contact Information