NEW YORK (TheStreet) -- Thursday has given the dry-trade portion of the marine-transport sector another session of gains, despite the fact that shipping rates for Capesize vessels -- the biggest dry-bulk ships on the seas -- fell below $30,000 a day, a key level. (Rates for smaller classes of ship, such has Handymax, have held up better.)
Dry bulk stocks appear to have been buoyed this week by sentiment that the economy has begun to recover -- and with it, eventually at least, the shipping business.
With all that in mind, which of the following do you consider the riskiest plays among dry-bulk stocks? Feel free to leave a comment explaining your pick.
-- Written by Scott Eden in New York
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Scott Eden has covered business -- both large and small -- for more than a decade. Prior to joining TheStreet.com, he worked as a features reporter for Dealmaker and Trader Monthly magazines. Before that, he wrote for the Chicago Reader, that city's weekly paper. Early in his career, he was a staff reporter at the Dow Jones News Service. His reporting has appeared in The Wall Street Journal, Men's Journal, the St. Petersburg (Fla.) Times, and the Believer magazine, among other publications. He's also the author of Touchdown Jesus (Simon & Schuster, 2005), a nonfiction book about Notre Dame football fans and the business and politics of big-time college sports. He has degrees from Notre Dame and Washington University in St. Louis.