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	<title>Stock Blog Hub &#187; Excel Maritime Carriers Limited</title>
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		<title>(EXM) Excel Maritime Carriers Analyst Maintains Underperform Rating</title>
		<link>http://www.stockbloghub.com/2012/04/19/exm-excel-maritime-carriers-analyst-maintains-underperform-rating/97025</link>
		<comments>http://www.stockbloghub.com/2012/04/19/exm-excel-maritime-carriers-analyst-maintains-underperform-rating/97025#comments</comments>
		<pubDate>Thu, 19 Apr 2012 18:43:46 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Services]]></category>
		<category><![CDATA[Shipping]]></category>
		<category><![CDATA[Diana Shipping Inc]]></category>
		<category><![CDATA[DRYS]]></category>
		<category><![CDATA[DryShips Inc.]]></category>
		<category><![CDATA[DSX]]></category>
		<category><![CDATA[Excel Maritime Carriers Limited]]></category>
		<category><![CDATA[EXM]]></category>
		<category><![CDATA[Genco Shipping & Trading Limited]]></category>
		<category><![CDATA[GNK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=97025</guid>
		<description><![CDATA[We maintain our Underperform recommendation on Excel Maritime Carriers Ltd. (EXM). Although the company’s fourth quarter of 2011 financial beat the Zacks Consensus Estimates, we believe the drybulk shipping industry has a gloomy prospect, at least in the near-term. This sector is facing serious challenges since the spot vessel rates collapsed significantly. The sole reason for this dismal condition is the sheer increase of newbuild ships under operation that resulted in intense price competition. The spot rates of drybulk vessels have fallen to such a low level that even surging commodity prices in the Asian markets failed to offset the loss of the vessel owners. We believe continuation of this pricing trend will certainly jeopardize the company’s future financials. In the last year, Excel Maritime took a severe hit on ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/04/19/exm-excel-maritime-carriers-analyst-maintains-underperform-rating/97025/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(EXM) Excel Maritime Carriers- Bear of the Day</title>
		<link>http://www.stockbloghub.com/2012/03/23/exm-excel-maritime-carriers-bear-of-the-day-2/96322</link>
		<comments>http://www.stockbloghub.com/2012/03/23/exm-excel-maritime-carriers-bear-of-the-day-2/96322#comments</comments>
		<pubDate>Fri, 23 Mar 2012 21:56:16 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Services]]></category>
		<category><![CDATA[Shipping]]></category>
		<category><![CDATA[Excel Maritime Carriers Limited]]></category>
		<category><![CDATA[EXM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=96322</guid>
		<description><![CDATA[We downgrade our recommendation on Excel Maritime Carriers (EXM) to Underperform ahead of its fourth quarter of 2011 financial results. We believe the drybulk shipping industry has a gloomy outlook, facing serious challenges since spot vessel rates collapsed significantly. The sole reason for this dismal condition is the sheer increase of new-build ships under operation, which resulted in intense price competition. The spot rates of drybulk vessels have fallen to such low levels that even surging commodity prices in the Asian markets have failed to offset the loss of the vessel owners. We believe continuation of this pricing trend will certainly jeopardize the company&#8217;s future financials. In the last couple of quarters, Excel Maritime took a severe hit on its time charter equivalent rate. Additionally, its balance sheet is highly ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/03/23/exm-excel-maritime-carriers-bear-of-the-day-2/96322/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(OSG) Transportation Sector Rated by ValuEngine</title>
		<link>http://www.stockbloghub.com/2011/07/11/valuengine-rates-the-transports/78673</link>
		<comments>http://www.stockbloghub.com/2011/07/11/valuengine-rates-the-transports/78673#comments</comments>
		<pubDate>Mon, 11 Jul 2011 15:25:32 +0000</pubDate>
		<dc:creator>valuengine</dc:creator>
				<category><![CDATA[Services]]></category>
		<category><![CDATA[Shipping]]></category>
		<category><![CDATA[AMR]]></category>
		<category><![CDATA[AMR Corporation]]></category>
		<category><![CDATA[CH Robinson Worldwide Inc.]]></category>
		<category><![CDATA[CHRW]]></category>
		<category><![CDATA[CSX]]></category>
		<category><![CDATA[CSX Corporation]]></category>
		<category><![CDATA[DRYS]]></category>
		<category><![CDATA[DryShips Inc.]]></category>
		<category><![CDATA[Excel Maritime Carriers Limited]]></category>
		<category><![CDATA[EXM]]></category>
		<category><![CDATA[EXPD]]></category>
		<category><![CDATA[Expeditors International of Washington Inc]]></category>
		<category><![CDATA[FDX]]></category>
		<category><![CDATA[FedEx Corporation]]></category>
		<category><![CDATA[FRO]]></category>
		<category><![CDATA[Frontline Limited]]></category>
		<category><![CDATA[GBX]]></category>
		<category><![CDATA[Genco Shipping & Trading Limited]]></category>
		<category><![CDATA[GLNG]]></category>
		<category><![CDATA[GNK]]></category>
		<category><![CDATA[Golar LNG Limited]]></category>
		<category><![CDATA[Greenbrier Companies]]></category>
		<category><![CDATA[LAN Airlines S.A.]]></category>
		<category><![CDATA[LFL]]></category>
		<category><![CDATA[Norfolk Southern Corporation]]></category>
		<category><![CDATA[NSC]]></category>
		<category><![CDATA[OSG]]></category>
		<category><![CDATA[Overseas Shipholding Group Inc]]></category>
		<category><![CDATA[Republic Airways Holdings Inc.]]></category>
		<category><![CDATA[RJET]]></category>
		<category><![CDATA[RYAAY]]></category>
		<category><![CDATA[Ryanair Holdings plc]]></category>
		<category><![CDATA[Teekay Corporation]]></category>
		<category><![CDATA[TK]]></category>
		<category><![CDATA[Union Pacific Corporation]]></category>
		<category><![CDATA[United Parcel Service Inc.]]></category>
		<category><![CDATA[UNP]]></category>
		<category><![CDATA[UPS]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=78673</guid>
		<description><![CDATA[Below, we present the latest data on leading Transportation Sector stocks from our  Institutional software package (VEI).   These results were filtered by market price and volume&#8211;no results below 3$/share or less than 100k shares/day volume. Top-Five Transportation Sector Stocks&#8211;Short-Term Forecast Returns Ticker Name Mkt Price Valuation(%) Last 12-M Retn(%) (OCNFD) OCEANFREIGHT IN 6.89     N/A -56.81 (OSG) OVERSEAS SHIPHO 26.91 -38.42 -23.85 (FRO) FRONTLINE LTD 14.02 -42.65 -50.25 (DRYS) DRYSHIPS INC 4.2 -47.15 16.99 (GBX) GREENBRIER COS 21.97 6.85 103.61 Top-Five Transportation Sector Stocks&#8211;Long-Term Forecast Returns Ticker Name Mkt Price Valuation(%) Last 12-M Retn(%) (AMR) AMR CORP 5.38 -47.44 -20.18 (CHRW) CH ROBINSON WWD 82.1 8.3 48.36 (UPS) UTD PARCEL SRVC 75.37 -0.85 30.35 (LFL) LAN CHILE-ADR 30.53 31.41 57.45 (EXPD) EXPEDITORS INTL 52.88 6.23 53.45 Top-Five Transportation Sector Stocks&#8211;Composite ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(EXM) Excel Maritime Carriers Improves Time Charter Contract</title>
		<link>http://www.stockbloghub.com/2011/07/08/exm-excel-maritime-carriers-improves-time-charter-contract/78653</link>
		<comments>http://www.stockbloghub.com/2011/07/08/exm-excel-maritime-carriers-improves-time-charter-contract/78653#comments</comments>
		<pubDate>Fri, 08 Jul 2011 20:50:34 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Services]]></category>
		<category><![CDATA[Shipping]]></category>
		<category><![CDATA[Diana Shipping Inc]]></category>
		<category><![CDATA[DRYS]]></category>
		<category><![CDATA[DryShips Inc.]]></category>
		<category><![CDATA[DSX]]></category>
		<category><![CDATA[Excel Maritime Carriers Limited]]></category>
		<category><![CDATA[EXM]]></category>
		<category><![CDATA[Genco Shipping & Trading Limited]]></category>
		<category><![CDATA[GNK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=78653</guid>
		<description><![CDATA[Excel Maritime Carriers Ltd. (EXM), a leading worldwide seaborne transporter for dry bulk cargoes, recently improved and consolidated the time charter contracts for its fleets. The company announced that it has entered into 1-year time charter agreement with the first class European charterers for its Kamsarmax vessel M/V Iron Vassilis and Panamax vessel M/V Happy Day. The Kamsarmax vessel has 82,257 dwt carrying capacity and will be employed for a gross daily average TC rate of $14,000 during the period. The Panamax vessel has 71,694 dwt carrying capacity and will be employed for a gross daily average TC rate of $13,000 during the period. With these two new time charter deals, currently Excel Maritime secured under time charter employment of 78% of its operating days for the rest of 2011. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/07/08/exm-excel-maritime-carriers-improves-time-charter-contract/78653/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(DRYS) DryShips Upgraded to Neutral</title>
		<link>http://www.stockbloghub.com/2011/06/28/drys-dryships-upgraded-to-neutral/77681</link>
		<comments>http://www.stockbloghub.com/2011/06/28/drys-dryships-upgraded-to-neutral/77681#comments</comments>
		<pubDate>Tue, 28 Jun 2011 15:58:15 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Services]]></category>
		<category><![CDATA[Shipping]]></category>
		<category><![CDATA[Diana Shipping Inc]]></category>
		<category><![CDATA[DRYS]]></category>
		<category><![CDATA[DryShips Inc.]]></category>
		<category><![CDATA[DSX]]></category>
		<category><![CDATA[Excel Maritime Carriers Limited]]></category>
		<category><![CDATA[EXM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77681</guid>
		<description><![CDATA[We upgrade our recommendation on DryShips Inc. (DRYS) to Neutral following our view that the upcoming initial public offering of Ocean Rig deepwater drilling unit will unlock the value of its huge potential. We believe ultra deepwater drilling business will drive the stock price in the near future. DryShips is steadily transforming itself as a drillship company from a drybulk cargo operator. As a result, both the top line and bottom line are expected to benefit from lucrative ultra deep-water oil drilling industry. DryShips’ first-quarter 2011 financial results fell below the Zacks Consensus Estimates, mainly due to poor performance of the drybilk shipping. Nevertheless, we believe the drybulk shipping rates will increase in the second half of 2011 attributable to a surge in demand for coal in Japan. In the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/28/drys-dryships-upgraded-to-neutral/77681/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(EXM) Excel Maritime Carriers Improves TC Contract</title>
		<link>http://www.stockbloghub.com/2011/06/17/exm-excel-maritime-carriers-improves-tc-contract/76598</link>
		<comments>http://www.stockbloghub.com/2011/06/17/exm-excel-maritime-carriers-improves-tc-contract/76598#comments</comments>
		<pubDate>Fri, 17 Jun 2011 14:50:44 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Services]]></category>
		<category><![CDATA[Shipping]]></category>
		<category><![CDATA[Diana Shipping Inc]]></category>
		<category><![CDATA[DRYS]]></category>
		<category><![CDATA[DryShips Inc.]]></category>
		<category><![CDATA[DSX]]></category>
		<category><![CDATA[Excel Maritime Carriers Limited]]></category>
		<category><![CDATA[EXM]]></category>
		<category><![CDATA[Genco Shipping & Trading Limited]]></category>
		<category><![CDATA[GNK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=76598</guid>
		<description><![CDATA[Excel Maritime Carriers Ltd. (EXM), a leading worldwide seaborne transporter for dry bulk cargoes, recently improved and consolidated the time charter contracts for its fleets. The company announced that it has entered into 2-year time charter agreement with first class European charterers for 2 of its Kamsarmax vessels, M/V Coal Hunter and M/V Santa Barbara. The gross daily average TC rate will be $15,000 for the first year. For the second year, the daily TC rate will be linked to Baltic Panamax Index with a floor rate of $14,000 per day coupled with a profit sharing agreement. With these two new time charter deals, currently Excel Maritime secured under time charter employment of 74% of its operating days for the rest of 2011. The situation has markedly improved from where ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/17/exm-excel-maritime-carriers-improves-tc-contract/76598/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(EXM) Excel Maritime Carriers &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2011/05/18/exm-excel-maritime-carriers-bear-of-the-day/74372</link>
		<comments>http://www.stockbloghub.com/2011/05/18/exm-excel-maritime-carriers-bear-of-the-day/74372#comments</comments>
		<pubDate>Wed, 18 May 2011 18:09:38 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Services]]></category>
		<category><![CDATA[Shipping]]></category>
		<category><![CDATA[Excel Maritime Carriers Limited]]></category>
		<category><![CDATA[EXM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=74372</guid>
		<description><![CDATA[We downgrade our recommendation on Excel Maritime (EXM) to Underperform backed by the gloomy near-term prospects of the drybulk shipping industry. This sector is facing serious challenges, where the spot vessel rates collapsed even below the rate during the recession. We believe the sole reason for this dismal condition is the sheer increase of ships under operation that resulted in intense price competition. The spot rate has fallen to such a low level that even surging commodity prices in the Asian markets failed to offset the loss of the vessel owners. Furthermore, Excel Maritime took a severe hit on its time charter equivalent rate in the last quarter. We believe continuation of this pricing trend may significantly jeopardize the company&#8217;s future financials. We do not find any near-term catalyst. Additionally, ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/05/18/exm-excel-maritime-carriers-bear-of-the-day/74372/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(EXM) Excel Maritime Carriers Earnings Outperform</title>
		<link>http://www.stockbloghub.com/2011/05/04/exm-excel-maritime-carriers-earnings-outperform/73191</link>
		<comments>http://www.stockbloghub.com/2011/05/04/exm-excel-maritime-carriers-earnings-outperform/73191#comments</comments>
		<pubDate>Wed, 04 May 2011 16:37:14 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Services]]></category>
		<category><![CDATA[Shipping]]></category>
		<category><![CDATA[Diana Shipping Inc]]></category>
		<category><![CDATA[DRYS]]></category>
		<category><![CDATA[DryShips Inc.]]></category>
		<category><![CDATA[DSX]]></category>
		<category><![CDATA[Excel Maritime Carriers Limited]]></category>
		<category><![CDATA[EXM]]></category>
		<category><![CDATA[Genco Shipping & Trading Limited]]></category>
		<category><![CDATA[GNK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=73191</guid>
		<description><![CDATA[Yesterday after market close, Excel Maritime Carriers Ltd. (EXM), a global dry bulk carrier, declared solid financial results for the first quarter of 2011. GAAP net loss in the first quarter of 2011 was $1 million or a loss of 1 cent per share compared with a net income of $67.3 million or 82 cents per share in the year-ago quarter. However, the quarterly adjusted (excluding special-items) EPS of 1 cent was in contrast to the Zacks Consensus Estimate of a loss of 4 cents. Quarterly total revenue was a little over $98.1 million compared with $172.2 million in the prior-year quarter. This huge reduction was primarily attributable to extremely volatile freight environment in the global drybulk shipping industry. Nevertheless, quarterly Voyage revenue of $97.3 was well above the Zacks ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/05/04/exm-excel-maritime-carriers-earnings-outperform/73191/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(DRYS) DryShips Analyst Maintains Underperform on Shares</title>
		<link>http://www.stockbloghub.com/2011/04/13/drys-dryships-analyst-maintains-underperform-on-shares/71174</link>
		<comments>http://www.stockbloghub.com/2011/04/13/drys-dryships-analyst-maintains-underperform-on-shares/71174#comments</comments>
		<pubDate>Wed, 13 Apr 2011 16:37:58 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Services]]></category>
		<category><![CDATA[Shipping]]></category>
		<category><![CDATA[Diana Shipping Inc]]></category>
		<category><![CDATA[DRYS]]></category>
		<category><![CDATA[DryShips Inc.]]></category>
		<category><![CDATA[DSX]]></category>
		<category><![CDATA[Excel Maritime Carriers Limited]]></category>
		<category><![CDATA[EXM]]></category>
		<category><![CDATA[Genco Shipping & Trading Limited]]></category>
		<category><![CDATA[GNK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=71174</guid>
		<description><![CDATA[We reiterate our Underperform recommendation on DryShips Inc. (DRYS). The company’s fourth quarter of fiscal 2010 financial results were well below the Zacks Consensus Estimates. The drybulk shipping industry is facing serious challenges, where the vessel rate collapsed even below the rate during the recession. We believe the sole reason for this dismal condition is the sheer increase of ships under operation that resulted in intense price competition. Due to lack of near-term foresight, most of the vessel operators had ordered large number of newbuild ships in several docks. In 2010, total 210 newbuild ships were delivered and in 2011 another 241 ships are expected to be operational. Glut of ships resulted in severe cut-throat price competition. Major competitors of DryShips are Diana Shipping Inc. (DSX), Genco Shipping &#38; Trading ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(DRYS) DryShips Issues $500 Million in Senior Notes</title>
		<link>http://www.stockbloghub.com/2011/04/09/drys-dryships-issues-500-million-in-senior-notes/70692</link>
		<comments>http://www.stockbloghub.com/2011/04/09/drys-dryships-issues-500-million-in-senior-notes/70692#comments</comments>
		<pubDate>Sat, 09 Apr 2011 19:24:47 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Services]]></category>
		<category><![CDATA[Shipping]]></category>
		<category><![CDATA[Diana Shipping Inc]]></category>
		<category><![CDATA[DRYS]]></category>
		<category><![CDATA[DryShips Inc.]]></category>
		<category><![CDATA[DSX]]></category>
		<category><![CDATA[Excel Maritime Carriers Limited]]></category>
		<category><![CDATA[EXM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=70692</guid>
		<description><![CDATA[A global shipping company that specializes in carrying dry bulk commodities and drilling rigs, DryShips Inc. (DRYS) recently announced the issuance of senior notes worth $500 million through private placement. These senior notes have been registered under the Norwegian Securities Trading Regulation and will only be issued to Norwegian professional investors. Hence, these senior notes will not be issued to U.S investors as these debt instruments will not be registered under the Securities Exchange Commissions (SEC) Act  or other applicable securities laws in other jurisdictions. It is believed that the fund to be raised through this debt financing scheme will be utilized to build new drillships for their parent company, Ocean RigUDW Inc. Drybulk shipping industry is highly competitive and fragmented. Fifteen new drilling units are expected to become operational ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(EXM) Excel Maritime Carriers Reports Mixed Fourth Quarter</title>
		<link>http://www.stockbloghub.com/2011/03/08/exm-excel-maritime-carriers-reports-mixed-fourth-quarter/67844</link>
		<comments>http://www.stockbloghub.com/2011/03/08/exm-excel-maritime-carriers-reports-mixed-fourth-quarter/67844#comments</comments>
		<pubDate>Wed, 09 Mar 2011 05:35:26 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Services]]></category>
		<category><![CDATA[Shipping]]></category>
		<category><![CDATA[Diana Shipping Inc]]></category>
		<category><![CDATA[DRYS]]></category>
		<category><![CDATA[DryShips Inc.]]></category>
		<category><![CDATA[DSX]]></category>
		<category><![CDATA[Excel Maritime Carriers Limited]]></category>
		<category><![CDATA[EXM]]></category>
		<category><![CDATA[Genco Shipping & Trading Limited]]></category>
		<category><![CDATA[GNK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=67844</guid>
		<description><![CDATA[Yesterday after market close, Excel Maritime Carriers Ltd. (EXM), a global dry bulk carrier, declared mixed financial results for the fourth quarter of 2010. However, in after market trade on NASDAQ, the stock price of Excel Maritime was down 22 cents (4.21%) to $5.0. GAAP net income in the fourth quarter of 2010 was $63.6 million or 76 cents per share compared with a net income of $81.8 million or $1 per share in the year-ago quarter. However, quarterly adjusted (excluding special-items) EPS of 14 cents was a penny shy of the Zacks Consensus Estimate. Quarterly total revenue was a little over $158 compared with $186.2 million in the prior-year quarter. This huge reduction was primarily attributable to extremely volatile freight environment of the global drybulk shipping industry. Nevertheless, Voyage ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(DRYS) DryShips Analyst Downgrades Shares to Underperform</title>
		<link>http://www.stockbloghub.com/2011/02/14/drys-dryships-analyst-downgrades-shares-to-underperform/66824</link>
		<comments>http://www.stockbloghub.com/2011/02/14/drys-dryships-analyst-downgrades-shares-to-underperform/66824#comments</comments>
		<pubDate>Mon, 14 Feb 2011 20:28:01 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Services]]></category>
		<category><![CDATA[Shipping]]></category>
		<category><![CDATA[Diana Shipping Inc]]></category>
		<category><![CDATA[DRYS]]></category>
		<category><![CDATA[DryShips Inc.]]></category>
		<category><![CDATA[DSX]]></category>
		<category><![CDATA[Excel Maritime Carriers Limited]]></category>
		<category><![CDATA[EXM]]></category>
		<category><![CDATA[Genco Shipping & Trading Limited]]></category>
		<category><![CDATA[GNK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=66824</guid>
		<description><![CDATA[We downgrade our recommendation for DryShips Inc. (DRYS) to Underperform, ahead of its fourth quarter 2010 financial results. Drybulk shipping industry is going through an extreme depressive situation. Despite improving global macroeconomic scenario, the financial condition of this industry is worse than what it was a year or two ago. This is solely attributable to non-economic decision taken by the shipping companies in 2008 just before the beginning of worldwide decisions. Due to lack of near-term foresight, most of the vessel operators had ordered a large number of newbuild ships in several docks. Glut of ships are resulting in severe cut-throat price competition. Capesize vessels, which are mainly used for drybulk goods, faced a major brunt of this competition. In the spot market, capesize vessel rate fell below $7,000 per ]]></description>
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		<title>(DRYS) DryShips Earns Drilling Contracts</title>
		<link>http://www.stockbloghub.com/2011/01/04/drys-dryships-earns-drilling-contracts/64469</link>
		<comments>http://www.stockbloghub.com/2011/01/04/drys-dryships-earns-drilling-contracts/64469#comments</comments>
		<pubDate>Wed, 05 Jan 2011 06:44:40 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Services]]></category>
		<category><![CDATA[Shipping]]></category>
		<category><![CDATA[Diana Shipping Inc]]></category>
		<category><![CDATA[DRYS]]></category>
		<category><![CDATA[DryShips Inc.]]></category>
		<category><![CDATA[DSX]]></category>
		<category><![CDATA[Excel Maritime Carriers Limited]]></category>
		<category><![CDATA[EXM]]></category>
		<category><![CDATA[Genco Shipping & Trading Limited]]></category>
		<category><![CDATA[GNK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=64469</guid>
		<description><![CDATA[DryShips Inc. (DRYS) is gradually converting itself as an ultra-deep water drilling company rather than continuing as a simple drybulk cargo operator. Today, the company announced that two drillships of its subsidiary Ocean Rig UDW Inc. have entered into a definitive agreement with Cairn Energy plc for a period of six months. These drillships are “Leiv Eiriksson” and “Ocean Rig Corcovado.” Total contract value for the “Leiv Eiriksson” including mobilization charge is around $95 million whereas total contract value including mobilization and winterization of the &#8220;Ocean Rig Corcovado&#8221; is approximately $142 million. DryShips is steadily transforming itself as a drillship company from a drybulk cargo operator. Therefore, both the top line and bottom line are benefiting from lucrative ultra deep-water oil drilling industry. The company announced that the rates for ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(EXM) Excel Maritime Carriers Exceeds Earnings Estimates</title>
		<link>http://www.stockbloghub.com/2009/11/14/exm-excel-maritime-carriers-exceeds-earnings-estimates/20451</link>
		<comments>http://www.stockbloghub.com/2009/11/14/exm-excel-maritime-carriers-exceeds-earnings-estimates/20451#comments</comments>
		<pubDate>Sun, 15 Nov 2009 00:21:08 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Services]]></category>
		<category><![CDATA[Shipping]]></category>
		<category><![CDATA[Excel Maritime Carriers Limited]]></category>
		<category><![CDATA[EXM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=20451</guid>
		<description><![CDATA[Excel Maritime Carriers Ltd’s (EXM) third-quarter earnings of 81 cents per share were substantially ahead of the Zacks Consensus Estimate of 3 cents. Last year, the company reported earnings of $2.81. Revenue from operations amounted to $174.4 million as compared to $231.6 million last year. Decline in revenues was brought about by an amortization charge of $76.4 million relating to the acquisition of Quintana as well as a decline in voyage revenues. Operating expenses increased 1.6% year-over-year to $90.9 million, mainly due to an increase in general administrative expenses. Adjusted earnings before interest taxes depreciation and amortization (EBITDA) for the quarter came to $59.1 million, compared to $110.1 million for the year ago quarter. An average of 47 vessels were operated during the quarter, earning a blended average time charter ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(DRYS) The Baltic Dry Index: A Solid Gauge of Global Economic Health</title>
		<link>http://www.stockbloghub.com/2009/10/14/drys-the-baltic-dry-index-a-solid-gauge-of-global-economic-health/17561</link>
		<comments>http://www.stockbloghub.com/2009/10/14/drys-the-baltic-dry-index-a-solid-gauge-of-global-economic-health/17561#comments</comments>
		<pubDate>Wed, 14 Oct 2009 15:55:58 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Services]]></category>
		<category><![CDATA[Shipping]]></category>
		<category><![CDATA[Claymore-Delta Global Shipping]]></category>
		<category><![CDATA[DRYS]]></category>
		<category><![CDATA[DryShips]]></category>
		<category><![CDATA[Eagle Bulk Shipping Inc]]></category>
		<category><![CDATA[EGLE]]></category>
		<category><![CDATA[Excel Maritime Carriers Limited]]></category>
		<category><![CDATA[EXM]]></category>
		<category><![CDATA[Genco Shipping & Trading Limited]]></category>
		<category><![CDATA[GNK]]></category>
		<category><![CDATA[SEA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=17561</guid>
		<description><![CDATA[Tony Daltorio, Investment U Research Funny how bulls and bears can look at exactly the same data, yet come to completely different opinions. Take the Baltic Dry Index, which measures charter rates for ships carrying bulk commodities, for example. Bulls use a high reading as proof that worldwide demand is picking up, whereas bears see it in a more pessimistic light. And with the index down nearly 50% from its June 3 high, bears claim it shows the fragility of demand in China, which drives much of the global demand for commodities. But I believe the Baltic Dry Index is a key gauge of global economic activity. And it begs two questions. What is it doing and how can we make money from it? The Baltic Dry Index &#38; China’s ]]></description>
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