Just what does a cratering Baltic Dry Index mean? Frankly, it looks and acts as though it is signaling the next recession is here already rather than signaling that it ... Read Full Story »
If you watch underwritings in stocks, it would be literally impossible not to pay attention to the waves of secondary stock offerings from companies in the last 48 hours. Some of ... Read Full Story »
An over-supply of product leading to a steep drop in price has claimed another victim. No, this is not a story about a solar PV maker, but about shipping, where ... Read Full Story »
Markets opened up a bit this morning, but by 10:00 a.m. equities had turned back down, with the DJIA sliding down nearly -200 points before rallying back to its opening ... Read Full Story »
No matter what kind of cargo a shipping company moves, that company is likely to be in some financial distress. Rates for moving containers, dry bulk, and oil are all ... Read Full Story »
As Japan recovers from the devastating earthquake and its aftermath, the country will depend heavily on importing raw materials into the country and exporting finished goods. There are a number ... Read Full Story »
Day rates for crude oil supertankers, VLCCs, peaked in 2009 at around $100,000/day. Today, if you want to ship 2 million barrels of oil from the Middle East to Korea, ... Read Full Story »
These are some of this Tuesday's top analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Aluminum Corp Of China (NYSE: ACH) Cut to Undeweight at JPMorgan. Atheros ... Read Full Story »
These are this Monday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls: Ciena Corp. (NASDAQ: CIEN) Started as Buy at Auriga. DryShips (NASDAQ: DRYS) Raised to ... Read Full Story »
Jim Cramer came out with his series of themes for 2010 on CNBC's MAD MONEY this evening, and tonight's theme was 'Going Global.' Despite the market being overbought and the negative news ... Read Full Story »
These are ten of the top analyst upgrades and downgrades that are independent of earnings news from Wall Street this Thursday morning: ABB (ABB) Cut to Hold at Societe Generale. ... Read Full Story »
Jim Cramer's featured list of stocks this week on CNBC's MAD MONEY is on companies which have grown or will grow their dividends. Tonight, Cramer touted Proctor & Gamble Co. ... Read Full Story »
It looks like Jim Cramer is doing a new feature list of companies this week that may actually grow their dividends or that have boosted dividends. On tonight's MAD MONEY ... Read Full Story »
Over the past week 24/7 Wall St. has picked several stocks from major sectors that are likely to double off of their lows. This group focuses on the transportation sector ... Read Full Story »
Nordic American Tanker Shipping Ltd. (NYSE: NAT) is getting hammered this morning on very active trading. details...DryShips inc. (NASDAQ: DRYS) has little overlap in the sub-sector of shipping other than ... Read Full Story »