Will These Shippers Sink or Swim in 2012?
The following video is part of our "Motley Fool Conversations" series, in which industrials editor/analyst Brendan Byrnes and industrials editor/analyst Isaac Pino discuss topics around the investing world.
In today's edition, Brendan and Isaac discuss the dry bulk shipping industry and its current dynamics. DryShips recently reported disappointing earnings, swinging to a loss, and its dry bulk segment continues to struggle. Dry bulk shippers are being hurt by an overcapacity problem, which has greatly reduced the spot rates that they are paid to transport cargoes. The industry has also been hurt by the struggling global economy. Check out the following video for Brendan's take on the state of the industry and whether it can recover anytime soon.
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At the time this article was published Brendan Byrnes,Isaac Pino, and The Motley Fool have no positions in the stocks mentioned above. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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