With all of the appropriate weather advisories issued concerning perfect storms and rogue waves, earnings season continues to offer a timely glimpse into the battered shipping sector.
Eagle Bulk Shipping
Eagle Bulk Shipping specializes in smaller Supramax-class vessels. Three such ships were recently assigned charter contracts for daily rates between $8,500 and $10,500, after fetching $20,000 to $50,000 at the height of the dry bulk boom last summer. If charter rates rebound quickly, and Eagle avoids Excel Maritime Carriers'
Investors remain justifiably skeptical of the shipping sector. The group's former darling, DryShips
While we await a steel recovery, I continue to view Diana Shipping
Further Foolishness:
- Navios is tough like Ulysses.
- My big fat Greek shipper.
- How they matched up before the storm.