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
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