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Shipping Industry Stocks: DSX, DRYS, FRO, GNK, NAT, TNP

Fri, 21 Aug 2009 18:53:38 GMT

Perhaps there is no industry more sensitive to global economic activity than the international shipping industry. The financial crisis became a category 5 hurricane last September and blew the entire global shipping industry off course. All sectors of the shipping industry were affected – from oil tankers to dry bulk shippers to container ships. The sudden drying-up of credit, including trade finance, and collapsing trade volumes have changed the industry’s concerns completely. Only a year or so ago the concern in the shipping industry was whether the infrastructure of many countries, especially port facilities, was expanding rapidly enough to handle break-neck growth in shipping traffic volumes. As shipping rates have plunged, the concern now is whether the bottom in the shipping industry has been reached or whether there is further to go on the downside. The good news is that “green shoots” are appearing – again ships are waiting in[More...]

Cramer Gets Behind Fuel Systems Solutions (FSYS) - Again

Fri, 14 Aug 2009 21:05:47 GMT

One of the better earnings report this quarter was from one of our old holdings - Fuel Systems Solutions (FSYS). This was a sort of secondary play on the commodity mania we enjoyed in latter 2007 through summer 2008; they make natural gas fuel systems. We dropped the last portion of our position in September 2008 at $46 with a nearly $23K gain (in our old portfolio in Marketocracy.com) Sometimes we forget what sort of times we lived through in September and October 2008 (20% drop in 1 week on the indexes) and again in mid Jan - early March 2009, but the stock fell as low as $10. [More...]

Nordic American Tanker (NYSE: NAT) – Income And More

Wed, 01 Jul 2009 21:07:00 GMT

Nordic American Tanker – Income and More Tony Daltorio, The Investment U Research Team One sector that is extremely sensitive to global economic activity is the international shipping industry. As the financial crisis turned into a category 5 hurricane last year, it blew the entire global economy off course –and along with it, the shipping industry. The sudden drying up of credit, finance institutions and collapsing trade volumes led to a sharp drop in shipping rates. Fast forward to today, and we’re now seeing ships being backed-up in Chinese and Australian[More...]

Tough Times For Oil Tankers

Tue, 14 Apr 2009 15:39:05 GMT

The oversupply of oil and oil tankers and the decrease in energy demand is leading to hard landing for oil tanker rates over the next couple of quarters.[More...]

Baltic Dry Index accelerates gains

Thu, 05 Feb 2009 16:41:00 GMT

Yesterday (Wednesday) the Baltic Dry Index (BDI) tacked on 14.6% to close at 1,318. The Capesize (BCI) and Panamax (BPI) indexes gained 13% each. Here is a listing of the three Baltic indices, their recent low and date of low and gain since then: BDI: 663 on 12/05/08, now 1316, +98.5% BCI: 830 on 12/03/08, now 2380, +187% BPI: 442 on 12/11008, now 1000, +126% The indices are now moving upward at a pace comparable to the downward run last fall. It will be interesting to see how long and far this rally carries. My tracking of the dry bulk stocks shows their results continuing to the positive and they average an 8.34% share price gain so far in 2009. On the other side of the shipping world, it appears that rates are definitely softening for the oil tankers. The oil price cantango storage trade is winding down and the OPEC production cuts[More...]

New Global Transport Composite Index

Sat, 17 Jan 2009 18:22:00 GMT

The accompanying table (click to enlarge) presents 45 companies with market caps of at least $200M from each of the five new ETF Innovators global transport indexes, including a database of about 300 companies worldwide. The Transport Composite Index is a dynamic, semi-active index with quarterly rebalancing which consists of 45 companies on an equal weight basis from each of the five global transport indexes listed below with the indicated number of top rated companies chosen from[More...]

Weekly Watchlist 01/05

Mon, 05 Jan 2009 14:21:00 GMT

Welcome back from the weekend! As the rest of the market returns from the holiday break, we should see more volume and volatility creep back into stocks. Only tomorrow will tell as to whether or not this is a positive or a negative for stock prices. At the moment, futures prices are trading slightly lower. The Dow is off by 44 points, the S&P down 5 points, and the Nasdaq is down 7 points. Crude oil is up another buck, trading at $47.30. As we talk technicals, take a look at a 5 day chart of the mini S&P futures contract. [More...]

Baltic Dry Index Floats Shippers

Mon, 15 Dec 2008 17:24:00 GMT

Baltic Dry Index Floats Shippers The Baltic Dry Index (BDI) is up over 10% to 711 in the past few weeks. It doesn’t mean much, considering it’s down over 93% for the year. In fact, if you consider this move in terms of this summer’s price high of 11,793 - it’s moved barely half a percent. But that doesn’t mean you shouldn’t be keeping an eye on the BDI. The BDI is the price used to determine global shipping rates and prices. Like blood pressure does for humans, BDI measures the flow of goods for the economies of the world. And just like us, excessively low or high readings are bad. Because it isn’t traded, the BDI cannot be moved artificially. It’s one of the best ways to judge the true health of global trade and our economy. It’s why Louis Basenese[More...]

Shipping Stocks: Global Economic Barometer & Good for Trading

Mon, 08 Dec 2008 14:21:00 GMT

The accompanying table (click to enlarge) includes statistics for the 61 companies included in the ETF Innovators (ETFI) Global Maritime Transport Index, which must have market caps of at least $100M. The index has lost about 64% over the past year on an equally-weighted basis, compared to declines of about 29% for the iShares Dow Transports ETF (IYT), 42% for the S&P 500 SPDR (SPY), and 62% for the Claymore/Delta Global Shipping ETF (SEA) – with SEA launched only recently in early September just before the global economic slowdown and credit/equity market turmoil gained momentum. As an example of the extreme valuations placed on shipping stocks at[More...]

Friday Stock Fun: Tanker Shortage?

Fri, 05 Dec 2008 20:33:00 GMT

Last week the spot rate for Suezmax tankers was in the low $40k per day range. Yesterday, I check the rates and they have popped to over $90k this week! VLCC (very large crude carriers, i.e. supertankers) rates have not jumped as much but appear[More...]

Pickens Says Interest in Energy Plan Growing

Tue, 20 Oct 2009 16:47:00 GMT

Oct. 20--More than a year after introducing a grand scenario for reshaping America's energy infrastructure and breaking the proverbial addiction to oil, Texas oil billionaire T. Boone Pickens is still trying to get the rest of us to see what he sees.
And he thinks he is making progress.
Second, he is being invited as a speaker, at $125,000 per appearance, to talk about his singular focus, the Pickens Plan.

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Pickens Predicts Energy Legislation By Year's End

Wed, 10 Jun 2009 17:47:00 GMT

Jun. 10--BILOXI -- The creator and namesake of the "Pickens Plan" for more renewable energy and less foreign oil said Tuesday he expects significant energy legislation by year's end.
T. Boone Pickens -- well-known for the $58 million advertising campaign for his energy plan -- addressed the Southern Growth Policies Board, which Gov. Haley Barbour chairs, on the last day of the group's conference here.
According to Pickens, the United States presently uses about 25 percent of the world's oil, but only represents 4 percent of the global population.

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Pickens Predicts Energy Legislation By Year's End

Wed, 10 Jun 2009 14:08:00 GMT

Jun. 10--BILOXI -- The creator and namesake of the "Pickens Plan" for more renewable energy and less foreign oil said Tuesday he expects significant energy legislation by year's end.
T. Boone Pickens -- well-known for the $58 million advertising campaign for his energy plan -- addressed the Southern Growth Policies Board, which Gov. Haley Barbour chairs, on the last day of the group's conference here.
According to Pickens, the United States uses about 25 percent of the world's oil, but only has about 4 percent of the global population.

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Nordic American Tanker Shipping Ltd. (NAT)-(NYSE: NAT) Letter to Shareholders From the Chairman and CEO - Dividend Policy Remains Firmly in Place

Tue, 29 Sep 2009 13:50:00 GMT

Nordic American is in an excellent situation in a tanker market which has declined during the last few months primarily due to weakened international economic conditions.
Based on its clean balance sheet and available liquidity resources, Nordic American has a significant upside potential and a limited downside.
SOURCE: Nordic American Tanker Shipping Ltd

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Nordic American Tanker Shipping Ltd. - (NYSE: NAT) - Cancellation of Director and Employee Stock Options

Fri, 14 Aug 2009 09:48:00 GMT

HAMILTON, BERMUDA -- -- 08/14/09 --[More...]

Nordic American Tanker Shipping Ltd. (NYSE: NAT) - Announces Dividend for the 48th Consecutive Quarter - the 2nd Quarter Report of 2009. No Change to Dividend Policy.

Fri, 07 Aug 2009 09:50:00 GMT

Nordic American Tanker Shipping Ltd. ("NAT" or "the Company") today announced its dividend and results for the 2nd quarter of 2009.
The Company will pay a dividend of $0.50 per share on or about September 4, 2009, to shareholders of record as of August 21, 2009.
Non-cash G&A items for the quarter, including one-time costs in connection with the follow-on offering in May 2009, constitute $0.09 per share, resulting in net income of $0.00 per share.

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Naturally Advanced Technologies Enters Agreement for the Manufacturing of Crailar Organic Fibers

Wed, 29 Jul 2009 11:00:00 GMT

- Agreement with G. J. Littlewoods & Son, Inc. Enables Crailar Organic Fibers to Project Initial Revenue in the Fourth Quarter of 2009 - PORTLAND, OR, July 29 /CNW/ - Naturally Advanced Technologies Inc. (NAT, OTCBB: NADVF, TSXV: NAT) a company committed to unlocking the potential of renewable and environmentally sustainable biomass resources from hemp and other bast fibers, signed an agreement with G.J. Littlewoods & Son, Inc. to manufacture Crailar(R) Organic Fibers for use in commercial products made by apparel companies.[More...]

Nordic American Tanker Shipping Ltd. - (NYSE: NAT) Announces Delivery of Its 16th Vessel- Bolstering the Company's Dividend Capacity

Tue, 07 Jul 2009 10:48:00 GMT

Hamilton, Bermuda, July 7, 2009
Nordic American Tanker Shipping Ltd. (the "Company") today took delivery of the suezmax vessel that the Company announced in May this year it had agreed to acquire.
The vessel will be employed in the Company's cooperative arrangement with the Stena Group of Gothenburg, Sweden.

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Capital Link Launches a Series of Stockmarket Maritime Indices

Mon, 29 Jun 2009 11:56:00 GMT

NEW YORK, NY -- -- 06/29/09 -- Capital Link, Inc., a New York based Investor Relations and Advisory firm with a strategic focus on shipping, announced the launching of a series of stockmarket Maritime Indices.[More...]

Nordic American Tanker Shipping Ltd. (NAT)-(NYSE: NAT) Letter to Shareholders From the Chairman and CEO - May 19 2009 10:19AM

Tue, 19 May 2009 14:14:00 GMT

Hamilton, Bermuda, May 19, 2009
In short, Nordic American is well positioned for further strong growth and increase of its dividend capacity.
Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker market, as a result of changes in OPEC's petroleum production levels and world wide oil consumption and storage, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to piracy, accidents or political events, vessels breakdowns and instances of off-hire, failure on the part of a seller to complete a sale to us and other important factors described from time to time in the reports filed by the Company with the Securities and Exchange Commission, including the prospectus and related prospectus supplement, our Annual Report on Form 20-F, and our Reports on Form 6-K.

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Nordic American Tanker Shipping Ltd. (NAT)-(NYSE: NAT) Announces Pricing of Public Offering. - May 13 2009 6:54AM

Wed, 13 May 2009 10:49:00 GMT

Nordic American Tanker Shipping Ltd. (the "Company") today announced the pricing of its previously announced underwritten public offering of 4,000,000 common shares at a price of $32.00 per share.
The Company expects to close the sale of the common shares on May 18, 2009, subject to customary closing conditions.
As previously announced, the Company is conducting the offering in order to fund further acquisitions under planning and for general corporate purposes.

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Nordic American Tanker Shipping Ltd. (NAT)-(NYSE: NAT) Announces Public Offering.

Tue, 12 May 2009 20:47:00 GMT

In order to fund further acquisitions under planning and for general corporate purposes, Nordic American Tanker Shipping Ltd. (NYSE: NAT) (the "Company") today announced an underwritten public offering of 3,500,000 common shares.
When available, copies of the prospectus and prospectus supplement relating to the offering may be obtained from the offices of Morgan Stanley at 180 Varick Street, Second Floor, New York, New York 10014, Attention: Prospectus Department or by email at prospectus@morganstanley.com.
The Company is an international tanker company that owns 13 modern double-hull Suezmax tankers and has agreed to acquire an additional three double-hull Suezmax tankers, of which two are newbuilding Suezmax tankers and one is an existing Suezmax tanker.

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Nordic American Tanker Shipping Ltd. (NYSE: NAT) -- Announces Dividend and Earnings in Respect of the 1st Quarter of 2009

Tue, 05 May 2009 07:54:00 GMT

Nordic American Tanker Shipping Ltd. (NYSE: NAT) ("NAT" or "the Company") today announced its results for the 1st quarter of 2009.
Based on its results for the quarter, the Company will pay a dividend of $0.88 per share on or about June 3, 2009 to shareholders of record as of May 20, 2009.
Following this dividend payment, the Company will have paid a dividend for 47 consecutive quarters since the autumn of 1997 when the first three vessels in the Company's fleet were delivered and commenced operations.

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