Drybulk Shippers

I’m still continuing my deeper look into this sector. Well it actually it started out with me looking just at Dryships Inc. They are down over 30% in the last three months. I started buying into them about a month ago when I thought it was a pretty good size dip (I guess I was wrong). While I was digging deeper into the sector I noticed that these four shippers are down by a least 25% (Star Bulk) to as much as 40% (Dryships) since mid-May.
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The world economy is growing by leaps and bounds. Yes there has been a slow down, but it’s only a speed bump. Commodities, grains, and other dry bulk materials are still needed throughout the world. America is slowing down in growth, but these guys do business all around the globe. China and India are in need of commodities no what the hype is. They are expected to grow at a rate of 10% or better, at a rate like that they will need imports to get it done.
Here is a brief summary of the four dry bulk shippers that I wanted to share with my readers. If you guys and gals out there have any insight or opinions, please feel free to do so.
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Eagle Bulk Shipping (EGLE): Eagle is one of the major bulk shippers of iron ore, coal, various gains, other ores, cement, and steel . Delivered by their 17 Supraships, 3 Handymax and two more ships (one will be the largest in their fleet) to be completed before the end of the year. It has an extremely young fleet of ships (average age of 5), meaning that Eagle won’t be affected by increases in commodity prices for some time.
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Dry Ships Inc (DRYS): Dry Ships is the leading shipper of iron ore, coal and grain. DryShips currently owns a fleet of 46 dry bulk carriers, with an aggregate carrying capacity of approximately 4.2 million deadweight tons, which consists of five capesize, 31 panamax, two supramax and eight new-building dry bulk vessels. Since the company’s inception, Dry Ships has had 113% return on equity, with profit margins of 80%.
The company also has a very hot sub-company, mainly focused in the ultra-deep drilling market. Dry Ships is looking to ship this stub, which it is looking to spin off in the coming months.

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Star Bulk (SBLK): Star Bulk’s vessels transport major bulks, which include iron ore, coal and grain and minor bulks such as bauxite, fertilizers and steel products. Currently, Star Bulk has an operating fleet of twelve dry bulk carriers, plus definitive agreements to acquire one Capesize dry bulk carrier and sell its Panamax dry bulk carrier. The total fleet consists of four Capesize, one Panamax and eight Supramax dry bulk vessels with an average age of approximately 10 years and a combined cargo carrying capacity of 1,184,835 deadweight tons.
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Diana Shipping Inc (DSX): Diana Shipping is a global provider of shipping transportation services, and specializes in transporting dry bulk, including such commodities as iron ore, coal, grain and other materials. Their fleet include 13 panamax, 6 capesize and 2 more in construction.

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