Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of global shipper Ship Finance International
So what: Over the weekend, Financial Times published a study of the shipping industry's dire financial straits. According to the story, nearly every shipper is in violation of loan covenants today and that raises the dual specter of consolidation and potential bankruptcies in the industry.
Now what: So why did Ship Finance fall far faster than DryShips
Interested in more info about Ship Finance International? Click here to add it to My Watchlist.