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DRYSHIPS INC (DRYS) 6.29 red arrow -$0.24 (-3.68%) 09:34PM (15 mins delay)


The Death of Shipping and BDI Is Premature

Oct 30, 2009 - 5:41 AM EDT

In August and September the outlook for shipping and dry bulk shipping rates, was very poor even while the stock market surged up in September. This resulted in more articles predicting Stock market doom. But in October the rate has moved up, as world trade in the Atlantic is improving. The rate has moved up about 30% .


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Source: Seeking Alpha (Oct 30, 2009 - 5:41 AM EDT)



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