Please see our prior articles on the shipping sector – the light at the end of the tunnel appears to be moving farther from sight. NEWL went down to a zero valuation, others are gone but the rising inventory of ships and lack of economic ( world) recovery is still working its magic against the remaining players in the sector. 137 more words
Tags » DRYS
By Bloomberg News Aug 1, 2014
Record production of hydropower from China’s Three Gorges and newer dams is displacing so much coal that rates to transport it have plunged to about record lows, roiling the shipping market. 775 more words
After a brief rally past 2000 the index has been on a steady decline to the 800 level.
Stock prices are still in the ” waiting for proof of life” stage . 314 more words
Navios Maritime Acquisition Corp.
NNA : NYSE : US$3.58
Energy — Maritime
Initiating coverage with a HOLD rating and $3.75 price target… 271 more words