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Shipping stocks catch a wave with word out that shipping tycoon John Fredriksen might be looking...

Shipping stocks catch a wave with word out that shipping tycoon John Fredriksen might be looking to expand with a new order for vessels. The development gives some hope up that the Baltic Dry Index, up 1% YTD, bottomed out in December and will start the march back to 1,000. Daily advancers: FREE +26.4%, ESEA +4.9%, NEWL +12.7%, SB +1.4%, GNK +1.9%, EGLE +2.6%, SHIP +7.4%, EXM +10.6%, PRGN +15.3%.
Comments (1)
  • Jay Mooney
    , contributor
    Comments (25) | Send Message
     
    By the time these boats came on line - the excess capacity would almost be worked down ( but most likely not enough to raise
    rates to the stars) - Hopefully GNK is still floating by then.
    7 Jan 2013, 12:56 PM Reply Like
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