SOURCE: The Bedford Report

The Bedford Report

May 03, 2011 08:16 ET

Mediocre Demand Slows DryShips and General Maritime's Recovery

The Bedford Report Provides Analyst Research on DryShips and General Maritime

NEW YORK, NY--(Marketwire - May 3, 2011) - The traditional indicator of the shipping industry's health, the Baltic Dry Index, has plummeted close to fifty percent in the last six months as demand for dry-bulk shipping has fallen. Meanwhile an oversupply of ships has continued to damage a fragile recovery. The Bedford Report examines the outlook for companies in the Shipping Industry and provides research reports on DryShips, Inc. (NASDAQ: DRYS) and General Maritime Corporation (NYSE: GMR). Access to the full company reports can be found at:

The bulk and tanker sectors of the shipping industry have struggled this year. Both segments have been underperforming as freight rates remain under pressure based on too many available ships and not enough demand to match supply.

Unlike the bulk and tanker sector, container ship fleet sizes are not growing. New orders for container ships fell 21 percent over the past year, while growth of the dry-bulk fleet is estimated to be 13 percent in 2011. Maria Bertzeletou, an analyst at shipbroker Golden Destiny, explains that "the container sector has shown a remarkable rebound after a difficult 2009 due to the discipline of carriers on the supply side and the revival of trade growth in 2010."

The Bedford 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 and get exclusive access to our numerous analyst reports and industry newsletters.

DryShips is both a dry cargo transporter, as well as an oil and gas driller. DryShips is confident that drilling demand is on the upswing and recently exercised options to build two ultra-deepwater drillships with a South Korean shipyard. DryShips owns two ultra-deep water semi-submersible drilling rigs and also owns 4 ultra-deep water newbuilding drillships.

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