DryShips (DRYS) and Genco (GNK) face falling rates on Panamax shipping as China continues to...

|About: DryShips Inc. (DRYS)|By:, SA News Editor

DryShips (DRYS) and Genco (GNK) face falling rates on Panamax shipping as China continues to hoard coal. The companies rely on the transport of coal for their supersized vessels in an industry already pressure by an oversupply of ships.