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Broad gains for shipping and tanker stocks

Jul. 10, 2015 10:33 AM ETDryShips Inc. (DRYS) StockDRYS, DSX, FRO, SFL, TK, NAT, FRFHF, DHT, FREEF, TGP, DAC, PRGNF, NM, NMM, TNK, SB, TOO, SEA-OLD, GMLP, MATX, SMM, EURNBy: Clark Schultz, SA News Editor12 Comments
  • Notable movers in the shipping sector include DryShips (DRYS +3.1%), Danaois (DAC +5.6%), and Paragon Shipping (PRGN +1.6%).
  • Some names in the volatile sector has been trading off of developments in Greece even with many of the Greece-based companies deriving nearly all their revenue outside the nation.
  • On a broader look, the Baltic Dry Index is +21 to 874. The breakdown shows the Cape index is 1279 with a spot price of 9612 vs. 11,149 a year ago, the Panamax index is 1052 with a spot price of  8380 vs. 5432 a year ago, and the Supramax index is 767 with a spot price of 8021 vs. 7099 a year ago.
  • The Baltic Tanker Clean Index is 837 vs. 521 a year ago and the Baltic Dirty Index is 857 vs. 786 a year ago.
  • The Guggenheim Shipping ETF (NYSEARCA:SEA) is +1.43% on the day and -4.12% YTD.
  • Related stocks: TNK, EURN, TGP, NMM, SSW, SFL, TK, SMM, TOO, GMLP, DHT, NM, MATX, NAT, FREE, DSX, SB, FRO.

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DryShips Inc.