|Day Low/High||4.64 / 4.78|
|52 Wk Low/High||3.85 / 6.09|
After an initial drop, many shipping stocks abruptly reverse course.
DryShips and Star Bulk lead the shipping sector in percentage gains.
DryShips shares fall on news that the company suffered a $1.02 billion loss for the fourth quarter of 2008.
DryShips shares were rising sharply on news of a three-year exploratory drilling contract with Petrobras.
Shipping stocks are mixed amid rising oil and positive earnings data from Star Bulk Carriers.
As oil climbed past $46 per barrel, shipping stocks find themselves back on the plus side, with small-cap name Horizon Lines leading in percentage gains.
Shipping stocks suffer as oil slid and another company sought debt restructuring.
Shipping stocks were solidly in the green Monday after Maersk Line and APL announced they were raising freight rates.
Shipping-stock investors, queasy from another week of ups and downs, watched their stocks rise Friday afternoon.
Shipping-stock investors suffer another episode of whiplash Thursday as shares reverse the previous day's gains.
Shipping stocks are soaring Wednesday afternoon, far outpacing a rally in the broader market.
DryShips agrees to accept $30.8 million rather than $61 million for the M/V Paragon.
DryShips shares are dropping after the company announced it would accept half the original sale price for one of its ships.
Shipping stocks are getting dashed against the rocks, with double-digit losses across the board.
Eagle Bulk Shipping reports net income that meets analyst estimates and a 64% rise in revenue.
Genco posts fourth-quarter earnings, and DryShips reaches a final agreement with Nordea Bank for a covenant waiver.
The shippers are thrashing about as the broader market stays stuck in the red.
Shipping stocks had a bumpy start Tuesday but rose into the close after an analyst at Wachovia upgraded three shippers.
An analyst at Oppenheimer has upgraded the stock to Perform, contending that the downside has been realized.
Diana Shipping and the rest of the sector are off to a rough start Friday.
Diana Shipping shares were on the rise Thursday after the company met analysts' expectations with a huge jump in fourth-quarter earnings.
Cut through the market clutter with charts. Here are a four to watch.
DryShips says it has reached a preliminary agreement with Nordea Bank Finland to obtain a covenant waiver in connection with its $800 million Primelead loan.
DryShips and its peers, which rallied impressively earlier in the week, are abruptly reversing course.
A day after DryShips' stock saw a notable lift, rival Eagle Bulk Shipping and others are steaming ahead.
DryShips shares are on the rise on news that the bulk carrier has amended its loan agreement with Piraeus Bank.
This week, we deliver expert insight on what catalysts could turn things around in the slowing global economy from Standard and Poor's international equity strategist Alec Young. We also reveal insider perspective on how to hedge for a global recession from Ed Mullen, CEO of Emperor Investment Management, the first hedge fund in mainland China. Also - don't miss what two telecom stocks you should watch, straight from technology reporter Gary Krakow, and the answer to one viewer's question on what could finally lift the Baltic Freight Index and save the shippers.
This week, we get the lowdown from Sinoenergy Vice President Xiong Anlin on why he thinks involvement with compressed natural gas and other eco-friendly energy measures means big growth for his company. Also, Sham Gad pops in to give insight on how China's slowing consumption of iron ore plays into shipping stocks' recent battering, and where the opportunities are, while airlines reporter Ted Reed reveals why United Airlines is steering clear of China. Lastly, president of JL McGregor & Co. Matt Comyns lays out the numerous ways the Chinese government is attempting to stimulate the economy, and how you can make money with these moves in mind.
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