With Excel Maritime Carriers filing for chapter 11 bankruptcy, Motley Fool industrials analyst Blake Bos tells investors in the video below that it may be a dark omen for the dry bulk shipping industry as a whole. While several analysts earlier this year did cite what they saw as a bottom in the dry bulk shipping industry, setting a rebound target date of 2015 for shipping rates, Blake discusses why it isn't necessarily as simple as that and why many companies will continue to face chapter 11 risk for the long term in this troubled industry.
Blake Bos and The Motley Fool have no position in any stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.