The world’s shipping industry has been beaten hard over the past six months. But news reports out this week are proving the sector may be on the rise. Excel Maritime (NYSE:EXM) surprised analysts today. Who’s next?
It is turning out to be a fantastic week for investors with a strong enough stomach to stand the recent fallout in the shipping industry. Until yesterday, we were left wondering how deep the abyss may be. But thanks to some industry debt restructuring and word that revenues could be on the increase, the rising tide is lifting all ships today.
South Korea Plans $10.8 billion Stimulus; KKR IPO Delayed Again; DryShips Posts 71% Profit Growth; Oil Slides Below $64; Manufacturing Hits 26-year Low; Viacom Profit Down 37%; Cars Sales Plummet
Greetings. There’s plenty to talk about this week as usual — and plenty of topics to catch up on. We’ll start off by checking in with your friend and mine, incognito hedge fund manager Cash McDash.
It may be the twenty-first century, but this planet still faces some major food issues. We could be in for some tough times.