Seeking Alpha

Shipping stocks continue to suffer as forecasts for shipments of coal and iron ore are revised...

Shipping stocks continue to suffer as forecasts for shipments of coal and iron ore are revised lower with China and Europe showing demand below expectations. After making an impressive run in Q1, the Guggenheim Shipping ETF (SEA) is now off over 15% for the following two quarters. Despite the malaise, analysts see some light at the end of the tunnel for 2013 as lower capacity helps support pricing in the sector.
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