SOURCE: Paragon Financial Limited

Paragon Financial Limited

February 24, 2012 08:20 ET

Shipping Stocks on the Upswing - Frontline Limited and Excel Maritime Showing Signs of Growth

The Paragon Report Provides Equity Research on Frontline Limited & Excel 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. The Paragon Report examines investing opportunities in the Shipping Industry and provides stock research on Frontline Limited (NYSE: FRO) and Excel Maritime Carriers Limited (NYSE: EXM). 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.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the shipping industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Excel Maritime Carriers Ltd. provides sea borne dry bulk cargo transportation services worldwide. The company transports various types of cargo, including iron ore, coal and grain, steel products, fertilizers, cement, bauxite, sugar, and scrap metal. Earlier this week the company entered into new period charter agreements for yet another two of its vessels.

Frontline Ltd., through its subsidiaries, engages in the ownership and operation of oil tankers and oil/bulk/ore (OBO) carriers. It primarily transports crude oil; and raw materials, such as coal and iron ore.

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