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Why The Dry Shipping Market May Be More Hopeless Than We All Thought

Ever get one of those "ah ha" moments that sink into the pit of your stomach when you realize the one big thing you've been missing has been right underneath your nose the whole time? I think I, and many investors/analysts/writers have been doing exactly that. I'll explain what it is and why it gives less hope than I had before for names such as Diana Shipping (DSX), DryShips (DRYS), Navios Maritime Partners (NMM), Safe Bulkers (SB), Star Bulk Carriers (SBLK), Baltic Trading Limited (BALT), Knightsbridge (VLCCF), and Navios Maritime Holdings (NM).

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But first the good news - these names and others seem to have had a good week last week at least in part due to reports that Li Xinchuang, executive vice secretary-general of the China Iron and Steel Association, stated at a press conference that China this year are expected to top 1 billion tons… Read More …