Shipping Stocks: Star Bulk Soars Ahead of Earnings

Shipping stocks are off to a strong start, with Star Bulk Carriers leading the group ahead of its quarterly earnings report.
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Shipping stocks were off to a strong start Monday, with

Star Bulk Carriers

(SBLK) - Get Report

leading the group ahead of its quarterly earnings report.

Star Bulk is scheduled to report its fourth-quarter earnings after the market closes Monday. The Athens, Greece-based company, which provides transportation services in the dry bulk sector, is expected to report earnings of 36 cents per share on $59.55 million in revenue for the fourth quarter of fiscal 2008. Star Bulk shares were recently up 12.1% to $1.86 in recent trading.

Elsewhere:

Shares of Teekay were up 7.7% to $15.03.

Genco Shipping was up 7.2% to $12.81.

DryShips , among the early small-cap volume leaders, rose 1.8% to $4.18 on volume of 5,463,420.

Frontline was recently dipping into the red, with shares falling 0.1% to $17.46.

Diana Shipping also was trading down, with shares off 0.2% to $12.80.