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Shipping ETF Riding A WaveTom Lydon • Wed, Mar 27 -
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GlobeNewswire (Mar 21, 2013)
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ETFs That Are Overexposed To Companies With Questionable FundamentalsGary Gordon • Wed, Sep 19, 2012 -
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Is The Shipping ETF About To Hit An Iceberg?Zacks Investment Research • Tue, Feb 21, 2012 -
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Outperforming ETFs Of 2012Stookle • Fri, Feb 3, 2012 -
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Is The Shipping ETF About To Hit An Iceberg?Zacks Investment Research • Tue, Feb 21, 2012
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Guggenheim Shipping ETF: Finally Ready To Set Sail?Tom Lydon • Wed, Sep 21, 2011
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Global Trade Could Jolt Dry BulkCharles Payne • Wed, Nov 10, 2010 -
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Choppy Economic Waters Can't Stop SEAEric Dutram • Tue, Aug 10, 2010 -
Global Shipping: Heading for Choppy Seas?Tom Lydon • Mon, Jul 19, 2010
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Claymore’s Shipping ETF Makes Its ComebackTom Lydon • Mon, Jun 14, 2010
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Claymore Brings Back Shipping ETF as Global Economies Pick Up SpeedKevin Grewal • Sun, Jun 13, 2010 -
SEA Sets Sail on Second SojournRon Rowland • Fri, Jun 11, 2010
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Shipping ETF Riding A WaveTom Lydon • Wed, Mar 27
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ETFs That Are Overexposed To Companies With Questionable FundamentalsGary Gordon • Wed, Sep 19, 2012
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Outperforming ETFs Of 2012Stookle • Fri, Feb 3, 2012
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7 Niche ETFs For An Increasingly Globalized WorldKevin Quon • Mon, Jan 16, 2012 -
There are no Transcripts on SEA.
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GlobeNewswire (Mar 21, 2013)
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at MarketWatch.com (Feb 1, 2012)
SEA vs. ETF Alternatives
SEA Description
The Guggenheim Shipping ETF* (NYSE:SEA), seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called Dow Jones Global Shipping IndexSM. The Index measures the stock performance of high dividend-paying companies in the global shipping industry. The index universe is defined as all equity securities in the Dow Jones indexes database that are involved in the shipping industry globally that primarily transport goods and materials. Companies solely involved in shipping passengers are excluded from the Index. Stocks also must pass liquidity screens to be considered for the Index. The Index is weighted by float-adjusted market capitalization. The weights of individual components are capped at 20%.
See more details on sponsor's website
See more details on sponsor's website
Sector: Services
Country: United States
Key Info
- In Your Portfolio: A Guide to Sector ETFs
- Asset Class Performance: Themes & Subsectors, Sectors
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Friday, March 22, 9:04 AM Guggenheim Shipping ETF (SEA) announces quarterly distribution of $0.043. 12 Month yield of 2.98% (as of 03/15/2013). For shareholders of record Mar. 26. Payable Mar. 28. Ex-div date Mar. 22. Comment! [Dividends]
- Wednesday, March 13, 11:35 AM Wilbur Ross continues the P-E rush into beaten-down shipping, marketing a $500M fund to buy distressed assets in the sector, reports Bloomberg. Often early, Ross spent $900M buying crude product tankers in 2011. SEA +6.9% YTD. 2 Comments [Global & FX]
- Friday, March 8, 12:58 PM Shipping stocks (SEA) take a speculative run higher as data from China, Japan, and the U.S. provides some optimism over the global economy. The topsy-turvy trading in the sector isn't for the feint of heart, as the glut of oversupply in dry-bulk shipping keeps analysts extending out their call for a recovery which will take hold. Advancers: EGLE +13.3%, PRGN +18.4%, GNK +10.9%, SB +4.4%. 1 Comment [Consumer, On the Move]
- Monday, January 7, 12:37 PM 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%. 1 Comment [Consumer, On the Move]
- Thursday, December 20, 2012, 6:45 PM The worst commodity shipping market in 26 years may persist next year as an oversupply of vessels continues to curb ship owners’ ability to boost charter rates, according to shipbroker Clarkson. Dry bulk shipping rates have plunged 71% since Nov. 28, with both capesize and panamax shipping rates declining for 16 straight days. Baltic Dry index -58.5% YTD. 7 Comments [Energy, Global & FX]
- Wednesday, December 12, 2012, 9:06 AM Probably not great news for global trade, the Baltic Dry Index plunges 8.2% to 826 this morning, the biggest drop since 2008. Shippers already struggling to hang on include: EGLE, ESEA, DAC, DHT, TNP. 7 Comments [Global & FX]
- Thursday, October 18, 2012, 3:50 PM With shipping rates diving, scrapping of merchant vessels through September hit 44.1M tons, exceeding the full-year record set in 1985. Ship broker Clarkson Plc expects the number will climb to 57M tons before year-end. Don't expect overcapacity to disappear yet, as the number of vehicles entering service this year has about doubled those being scrapped. Comment! [Global & FX]
- Friday, October 12, 2012, 8:48 AM 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. Comment! [Consumer, On the Move]
- Tuesday, August 21, 2012, 6:09 AM Ports from the Gulf of Mexico to the north east are spending up to billions of dollars in order to accommodate the supersize container ships that will be able to travel through the Panama Canal once it has finished its expansion in 2015. However, skeptics point out that West Coast ports can already handle the tankers and that with so many ports vying for business, there will be few beneficiaries. Comment! [U.S. Economy]
- Tuesday, July 10, 2012, 6:45 AM Low demand for coal in China will cut into demand for shipping, according to analysts. It's not the news that was needed to be heard in an industry already suffering from a significant oversupply of vessels. On watch: DRYS, PRGN, DSX. 3 Comments [Consumer]
- Tuesday, May 22, 2012, 10:43 AM Global Hunter fires up Buy ratings on a number of shipping stocks including Diana Shipping (DSX +2.5%), DryShips (DRYS +9.5%), Safe Bulkers (SB +2.1%), and Baltic Trading (BALT +4.5%) - while starting Eagle Bulk Shipping (EGLE -0.9%), Excel Maritime (EXM -1.8%), Genco Shipping (GNK +1.1%) with below-keel Reduce ratings. While individual names in the sector tend to get tied up with momentum trading, the overriding theme has been a moderate bounce back off of a 25-year low in the Baltic Dry Index in February. Guggenheim Shipping ETF (SEA) +8.1% YTD. 2 Comments [On the Move, Consumer]
- Tuesday, April 24, 2012, 2:45 PM Shipping stocks perk up as rates and bookings show some weekly improvement off of increased demand from China as it continues to import more oil from Africa as an alternative to Iran. The Baltic Dry Index +2.2% to $1,090, as the sector falls stocks back in favor for the day. Advancers: FRO +5.1%, OSG +5.1%, EXM +3.6%, GNK +1.5%, NM +1.6%, PRGN +1.8%, EGLE +8.1%, SBLK +2.2%, SB +2.8%. Comment! [On the Move]
- Friday, March 2, 2012, 6:24 AM The shipping industry is going to face a "crisis" year in 2012, warns Andrew Broomhead, CFO of Hong Kong's largest operator of dry-bulk vessels Pacific Basin. The industry must grapple with a lack of funding, an oversupply of ships and freight rates so poor that the Baltic Dry Index is already -56% YTD. Comment! [Global & FX]
- Wednesday, February 8, 2012, 11:22 AM The Baltic Dry Index pulls out of its death spiral to show a 1.9% gain. The move has all the earmarks of a dead cat bounce - instead of a confirmed market bottom - with shippers still willing to accept unprofitable charters due to an industry-wide oversupply of ships and weak demand. 1 Comment [Global & FX, On the Move]
- Tuesday, February 7, 2012, 3:31 PM The plunge in the Baltic Dry index to multi-decade lows has some warning about a economic slowdown and a hit to equities, but a check of the record shows to index has little correlation to stocks. The dive in shipping rates is what it is - a response to too many ships being built over the past years. - but, not much more. 4 Comments [Global & FX]
- Monday, February 6, 2012, 11:31 AM The collapse in shipping rates moves to the absurd stage, with Glencore getting paid $2K/day to hire a vessel. How could this happen? Ships deteriorate rather quickly if not kept seaworthy and moving, making transactions such as this necessary. (previous) Comment! [Global & FX]