A day after DryShips ( DRYS) led the shipping sector in losses on news of a fourth-quarter loss, shares of the company were on the mend. Shares of DryShips, which Wednesday slid as low as $4.53 after the company announced a $1.02 billion quarterly loss due in large part to one-time charges, were recently climbing 9.1% to $5.18. Things were generally on the up and up for the rest of the shipping sector, as well:
Genco Shipping (GNK) was up 3.7% to $13.87. Diana Shipping (DSX) was up 1.7% to $12.60. Eagle Bulk (EGLE) was up 0.5% to $4.39. Horizon Lines (HRZ) was rising 4.1% to $3.79. Excel Maritime (EXM) was rising 8.5% to $4.85. Star Bulk (SBLK) was up 8% to $2.43. Teekay Corp. (TK) was up 0.3% to $15.91. Tidewater (TDW) rose 0.9% to $38.98. Kirby (KEX) rose 5.5% to $27.86. Apparently not invited to the party, Frontline ( FRO), was off 3.8% to $19.33, and Seacor Holdings was down 0.1% to $60.76.