New visitor? Consider subscribing by RSS or by email.Air Industries (AIRI.OB) announced another long-term agreement with Sikorsky, valued at $15M. “This brings the total value of all contracts from Sikorsky announced this year to [...]
On October 19th, I wrote that the long rally in dry bulk shippers was likely to end. I was a few days early, but today it did just that. On RealMoney.com, Tony Crescenzi explains why: “there is a lot of chatter today about a decline in shipping rates. Panamax rates are said lower [...]
I have been a fan of the dry shippers in general, and Excel Maritime [[EXM]] in particular, for almost two years. As the Baltic Dry Index of spot prices doubled and doubled again, the dry shippers started to print money, and their shares shot up. Excel Maritime, for example, surged from around 11 [...]
When I first profiled dry shipper Excel Maritime (EXM) (articles), I said that I would keep the trade on so long as the trend remained in both EXM stock and the Baltic Dry Index of freight rates. EXM is still trending, but it looks like the Baltic Dry Index is turning down. That [...]