SOURCE: Five Star Equities

Five Star Equities

February 24, 2012 08:20 ET

Shipping Stocks on the Upswing as U.S. Economy Awakens

Five Star Equities Provides Equity Research on Eagle Bulk Shipping & Navios Maritime

NEW YORK, NY--(Marketwire - Feb 24, 2012) - Shipping stocks have performed well this year as economic fears decline in Europe and key emerging markets, while stronger U.S. data helps prop up the industry. The Guggenheim Shipping ETF (SEA) -- which measures the performance of companies listed on global developed market exchanges and consists of companies within the maritime shipping industry -- is up more than 20 percent year to date. Five Star Equities examines investing opportunities in the Shipping Industry and provides stock research on Eagle Bulk Shipping Inc. (NASDAQ: EGLE) and Navios Maritime Holdings Inc. (NYSE: NM). Access to the full company reports can be found at:

While SEA has performed well this year, the Baltic Dry Index (BDI) has collapsed nearly 60 percent in 2012. Georgi Slavov, Managing director of freight and basic resources research at ICAP shipping, recently told CNBC that signs of recovery in the U.S. and impressive growth in China have not been reflected in the index. "I don't think all of these (things have) been priced in by the market, we certainly have supply issues which should be cleared in the next year or so, but the market hasn't really reflected this better than expected import of raw materials into China and certainly the market hasn't priced in the awakening of the U.S. economy," Slavov explains.

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 and get exclusive access to our numerous stock reports and industry newsletters.

Navios Maritime Holdings Inc. operates as a seaborne shipping and logistics company in Greece. It focuses on the transportation and transshipment of dry bulk commodities, including iron ore, coal, fertilizers, and grains. Last week the company posted a fourth quarter net income of $2.5 million, or 5 cents a share, compared with a net loss of $4.4 million, or 10 cents a share, a year ago. The company also said it will pay a quarterly dividend of 5 cents per share, representing a yield of about 6 percent for the shareholders.

Eagle Bulk Shipping Inc. engages in the ocean transportation of dry bulk cargoes. The company operates in the Handymax sector of the dry bulk industry.

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