SOURCE: StockCall


June 04, 2012 08:20 ET

Equity Research on DryShips Inc. and Genco Shipping & Trading Ltd. - Shipping Picking Up but Still a Long Way to Go

JOHANNESBURG, SOUTH AFRICA--(Marketwire - Jun 4, 2012) - offers free research on DryShips Inc. (NASDAQ: DRYS) and Genco Shipping & Trading Ltd. (NYSE: GNK) from the Shipping industry. Access these reports by clicking on the links below or by copy and pasting those to your address bar.

Shipping has had a rough time so far in 2012 as massive over supply of vessels and volatile oil prices have been particular headwinds. Add to that the insecurity of Europe and a slowdown in China and the industry is certainly facing challenges. However, things may be righting themselves in the industry as the Baltic Dry index reached 1.100 this month. Register now to have free access to our reports on the Shipping industry at is an online platform where investors doing their due-diligence on the Shipping industry can have easy and free access to our analyst research and opinions on DryShips Inc. and Genco Shipping & Trading Ltd.; investors and shareholders of these companies can simply register for a complimentary membership at

Though some are beginning to feel more hopeful about the coming quarters, first quarter results in the industry were largely disappointing. Genco Shipping & Trading Ltd. posted a loss of $33.1 million as compared to last year's $13.4 million profit, as charter rates remained depressed.

A few days ago, DryShips Inc. reported a quarterly loss of 12 cents per share as results were negatively impacted by oversupply in its dry bulk carrier and oil tanker segments, as well as costs related to relocation of rigs. Moving forward, strong demand and a global shortage of rigs is expected to buoy results from DryShips' drilling unit Ocean Rig UDW in coming quarters. To see how companies in this industry have grown over the past years and how they are expected to perform in the future, please visit

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