June 11, 2012
The following video is part of our "Motley Fool Conversations" series, in which industrials editor/analyst Brendan Byrnes and industrials editor/analyst Isaac Pino discuss topics around the investing world.
In today's edition, Brendan and Isaac discuss the dry bulk shipping industry and its current dynamics. DryShips recently reported disappointing earnings, swinging to a loss, and its dry bulk segment continues to struggle. Dry bulk shippers are being hurt by an overcapacity problem, which has greatly reduced the spot rates that they are paid to transport cargoes. The industry has also been hurt by the struggling global economy. Check out the following video for Brendan's take on the state of the industry and whether it can recover anytime soon.
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