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Shipping Sector Continues Climb
Dry bulk shippers on the move • 10:44 AM Dry bulk shipping rates are rising again: Overnight, capesize rates rose 5.2% (or $2,206/day) to $42,211/day, panamax rates rose 8.9% (or $1,144) to...
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Shipping Sector Update
for Sept . 30 Dry bulk shippers lower as capesize rates slide • 10:24 AM Dry bulk shippers are smacked following a sharp decline in capesize shipping rates for a third consecutive day. Overnight,...
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DRYSHIPS and Jack A. Bass Managed Accounts
It is not at all pleasant to see a holding on the ” major down moves ” Monday a.m.The secondary offering of $ 200 million caused a 7 % drop in after hours trade Friday and that was the opening number...
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Trading Alert : Shipping Bounces Back
DryShips is expected to book a narrower loss than a year ago when it reports third quarter earnings on Monday, November 4, 2013 with analysts expecting a loss of six cents per share, up from a loss of...
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Shipping Sector Soars : Jack A. Bass Managed Account Holders Smile
please see our prior posts – additional shares in SB were purchased last week at $7.56 giving accounts an average price of $6.50 Safe Bulkers catches upgrade to Buy from Citi • 10:05 AM Following its...
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Trading Alert : Sold Dryships – Bought Safe Bulkers
Jack A. Bass Managed Accounts – after review of the recent earnings reports we have moved most of the funds from the sale of most of our Dryships ( DRYS) position ( average price $1.90) into Safe...
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George Soros Invested in Dry Ships and Diana Shipping
George Soros’ investment firm recently purchased 590,278 shares of DryShips (NASDAQ:DRYS ) and 77,942 shares of Diana Shipping (NYSE: DSX ) . That comes out to a $1.8 million stake in DryShips and an...
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Trading Alert : Shipping Sector JUMPS with Baltic Dry Index ( BDI)
30 November 2013 Baltic Dry Index (BDI) +102 1821 Rates BCI (Cape index) BPI (Panamax index) BSI (Supramax index) INDEX 3089 +241 1665 +52 1475 +17 SPOT 4 TCE AVG (USD) 24611 +2892 13293 +413...
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Trading Alert – Safe Bulkers ( SB)
Safe Bulkers is making another run at staying above $ 8.00 Technicians can advise me if this is a ” teacup” . Fundamental believers will see the upturn based on the Baltic Index above 2000 and good...
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Santa Claus Rally In Shipping Sector
Just about the night before Christmas and I have the right to brag about the results of our commitment to the recovery in the shipping sector. We EARN our performance fee : DryShips also has a strong...
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Shipping Sector Update
An article from Seeking Alpha persuaded me to reduce Dryships – but maintain Safe Bulkers . Better lucky than smart but great to be both. Here is an update from Monday. Jan . 6th ** GENCO SHIPPING AND...
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Trading Alert: Shipping Sector Weakens – Sold One Half SB
Sold a little less than one =half at $9.36 to preserve recent gains New position Castle Brands ( ROX) with some of the proceeds at .79 on the basis of a turnaround happening after years of work
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Shipping Sector Defies Baltic Index Decline
January 27th, 2014 shipping Watchlist 11:30 a.m. In short, for dry shipping stocks to justify higher levels and stop the price bleeding, the shipping rates as summarized in the Baltic Dry index needs...
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Diana Shipping QRT .MISS Pressures Shipping Sector
We are watching the sector and waiting for a solid turn – in terms of 1) Shipping rates – which have retreated from BDI over 2000 to half that recently 2) A solid world economic recovery – especially...
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Shipping Sector Recovery – Fragile
The shipping sector is highlighted in my new book ” Stocks That Will Double ” – now in draft . New orders threaten fragile shipping sector recovery: 9 hours ago – Reuters New orders threaten fragile...
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The Shipbuilding Debate – Is 30% Output Cut Enough?
jackbassteam:Shipbuilding is an extraordinary business. Over a century the epicentre has moved from the UK, which once built 60% of the world’s ships, to Europe, Japan, South Korea and now China....
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Shipping Sector Update
Sector Returns From the Near Dead solid returns – Baltic Index Remains on upturn 06 March 2014 Baltic Dry Index (BDI) +89 1480 Rates BCI (Cape index) BPI (Panamax index) BSI (Supramax index) INDEX...
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Summary of Shipping Sector Outlook
I want to recommend a recent article that captures not only Dryships but an overview of the outlook for the sector. Go to Seeking Alpha Type in DRYS in the symbol search Article : DryShips’ Balanced...
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China’s Cooling Economy Hits Shipping Sector / Copper
The growth numbers are astounding – for the United states – but for china are said to be a ” cooling’. The result will be a decrease in imports of the goods that need ships to carry iron ore , coal...
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China Data Sinks Shipping Sector
Good morning! Here’s what you need to know. China PMI. China PMI fell to an eight-month low of 48.1. That was also short of expectations for 48.7. “The HSBC Flash China Manufacturing PMI reading for...
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