NEW YORK ( TheStreet) -- A host of dry-bulk shipping companies will face a credit crunch unless they can rework their balance sheets, according to one shipping-equities analyst.With the rates that dry bulkers charge for their services having plunged to levels not seen since the financial crisis, Omar Nokta, an analyst at Dahlman Rose in New York, issued a grim industry research note Monday, suggesting that any light at the end of this tunnel is difficult to see. The dry-bulk market may not fully recover until 2015, Nokta warned.
Analyst Warns on Dry Bulk Stocks
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.