Safe Bulkers Inc

Most Recent

  • uploads///Conclusion
    Earnings Report

    Is the Net Asset Value Discount to NMM’s Price Justified?

    Due to NMM’s increasing spot rate exposure and older fleet, NAV (net asset value) is the best metric to get a sense of the company’s floor valuation.

    By Anuradha Garg
  • uploads///NAV
    Company & Industry Overviews

    How Does NMM’s Stock Compare with Its Adjusted Net Asset Value?

    Navios Maritime Partners’ adjusted NAV (net asset value) shows that it is currently trading at a 46% discount to its NAV.

    By Anuradha Garg
  • uploads///NAV diagram
    Company & Industry Overviews

    How Does Net Asset Value Measure Navios Maritime’s Valuation?

    NAV (net asset value) is a valuation method under which a company’s value is equal to the difference between its assets and liabilities.

    By Anuradha Garg
  • uploads///Dry bulk companies performance
    Company & Industry Overviews

    Navios Maritime Partners Falls in the Current Dry Bulk Rout

    Since releasing its 3Q15 results on November 3, 2015, Navios Maritime Partners (NMM) has fallen by 71%.

    By Anuradha Garg
  • uploads///TC Rates
    Macroeconomic Analysis

    Dry Bulk Time Charter Rates Paint a Grim Picture

    Time charter rates for dry bulk vessels have fallen considerably over the last few months. Capesize one-year rates have fallen by 40% in the last three months to $7,750 per day.

    By Anuradha Garg
  • uploads///Valuation
    Company & Industry Overviews

    The Relative Valuation of Dry Bulk Companies

    Diana Shipping is proactively investing in vessels to take advantage of the current low point for vessel valuation, and it can most likely outlast a prolonged downturn. So its valuation appears more or less full.

    By Anuradha Garg
  • uploads///Dividend yield
    Company & Industry Overviews

    NMM Is the Only One Paying Dividends: Should Investors Care?

    Navios Maritime Partners (NMM) cut dividends by 52% in its 3Q15 results given the weak outlook for the dry bulk industry. But even after a cut, it’s boasting of a yield of 30%+.

    By Anuradha Garg
  • uploads///Financial health
    Company & Industry Overviews

    Which Dry Bulk Company Has a Strong Financial Standing?

    Since the market isn’t showing encouraging signs of a significant pickup next year, dry bulk companies might need to weather a prolonged downturn and manage their liquidity prudently.

    By Anuradha Garg
  • uploads///Leverage ratios
    Company & Industry Overviews

    An Analysis of Financial Leverage for Dry Bulk Companies

    Scorpio Bulkers (SALT) has the lowest financial leverage with debt-to-assets of 31.8% and debt-to-equity of 42.6% as of September 30, 2015. But this doesn’t give the full picture.

    By Anuradha Garg
  • uploads///Time charter vs spot
    Company & Industry Overviews

    How Are Dry Bulk Companies Changing Their Chartering Strategies?

    Navios Maritime Partners (NMM) and Diana Shipping (DSX) have a chartering strategy to charter the bulk of their vessels for the long term, thus holding high fixed-rate exposure.

    By Anuradha Garg
  • uploads///Daily vessel operating expenses
    Company & Industry Overviews

    Low Vessel Operating Expenses Help the Downturn in Dry Bulk Rates

    In the current scenario of a weak dry bulk market, companies with lower operating expenses are preferred, since pressure on revenues makes operating leverages work negatively.

    By Anuradha Garg
  • uploads///Fleet age
    Company & Industry Overviews

    Scorpio, Safe Bulkers Have Young Dry Bulk Fleet: Does It Matter?

    Scorpio Bulkers held an IPO in December 2013 and started to focus on only newbuild fleet. That’s the reason it has the youngest dry bulk vessel fleet with an average age of just 0.4 years.

    By Anuradha Garg
  • uploads///Charter rates
    Company & Industry Overviews

    Are Navios Maritime Partners’ Distributions Sustainable?

    Navios Maritime Partners LP (NMM) is less sensitive to shipping cycles due to its long-term charters and staged expirations.

    By Anuradha Garg
  • uploads///Dividend yield
    Company & Industry Overviews

    Navios’s Dividend Yield Remains Attractive in Dry Bulk Space

    Navios Holdings and Safe Bulkers have dividend yields of 8.8% and 1.3%, respectively. In contrast, Naviois Maritime Partners has an attractive 21% dividend yield.

    By Anuradha Garg
  • uploads///Current ratio
    Company & Industry Overviews

    Investors Should Look at Liquidity Profile of Dry Bulk Companies

    Investors should take note of the short-term liquidity profile for dry bulk companies. In a weaker shipping rates environment, short-term liquidity could come under increasing pressure.

    By Anuradha Garg
  • uploads///Price performance
    Company & Industry Overviews

    How Has the Dry Bulk Shipping Industry Performed This Year?

    Major players in the dry bulk shipping space have taken a hard fall this year. SEA, an index weighted with dry bulk shipping companies, has lost 14.5% so far in 2015.

    By Anuradha Garg
  • uploads///Companies YTD Performance
    Macroeconomic Analysis

    Where Is the Dry Bulk Shipping Industry Headed?

    In this series, we’ll discuss some of the important metrics that drive the dry bulk shipping industry. Investors can gain exposure to commodities through the SPDR S&P Metals and Mining ETF (XME).

    By Anuradha Garg
  • uploads///Valuation
    Company & Industry Overviews

    Which Company Can Offer an Upside in the Weak Dry Bulk Market?

    Navios Maritime Partners (NMM) seems like a good way to play the current weak dry bulk market. It has an upside in case of an eventual recovery.

    By Anuradha Garg
  • uploads///Dividend yield
    Company & Industry Overviews

    Navios Partners Offers Highest Dividend Yield in Dry Bulk Space

    Navios Holdings and Safe Bulkers have dividend yields of 6.4% and 1.3%, respectively. NMM has an attractive 17% dividend yield. DryShips and Diana haven’t paid dividends in a long time.

    By Anuradha Garg
  • uploads/// yr charter rates
    Company & Industry Overviews

    Diana Shipping and Navios Partners Have to Weather Rollover Risk

    For Diana Shipping, contract rollover is a near to medium-term risk. Among its Capesize fleet, almost all of the 12 contracts will expire within about a year and a half.

    By Anuradha Garg
  • uploads///Vessel operating expenses
    Company & Industry Overviews

    Why Low Vessel Operating Expenses Are a Positive

    For 1Q15, Navios Maritime Partners reported daily vessel operating expenses of $5,107. This is very low compared to 1Q15 expenses per day for DryShips and Diana Shipping.

    By Anuradha Garg
  • uploads///Fleet profile
    Company & Industry Overviews

    Why Is the Fleet Profile for Dry Bulk Companies Changing?

    In this article, we’ll look at the fleet profiles for the major dry bulk companies. Various classes of vessels are employed depending on volume, trade routes, and geographical limitations of ports.

    By Anuradha Garg
  • uploads///YTD Perfromance
    Company & Industry Overviews

    Dry Bulk Shipping Companies: How Are They Doing This Year?

    Major players in the dry bulk shipping space have taken a hard fall this year. China’s appetite for iron ore and coal has waned, driving the current oversupply in the market.

    By Anuradha Garg
  • uploads///BDI
    Macroeconomic Analysis

    Baltic Dry Index Inches Up in June: Highest Level in 2015

    The BDI (Baltic Dry Index) is a leading indicator for the bulk shipping industry. It rose for nine consecutive days to reach a level of 779 on June 19.

    By Anuradha Garg
  • uploads///TC rates
    Company & Industry Overviews

    Do Time-Charter Rates Still Have More Downside?

    Based on shipping companies’ fixed operating expenses, we can estimate that current time-charter rates shouldn’t go down much further. We’re witnessing pretty much the floor at prevailing rates.

    By Anuradha Garg
  • uploads///Operating expenses
    Company & Industry Overviews

    Lower 1Q15 Vessel Operating Expense Boosts Navios Distributions

    Navio Maritime Partners’ lower daily vessel operating expenses suggest that a larger share of revenue will be distributed to investors and the general partner.

    By Anuradha Garg
  • uploads///BDI
    Macroeconomic Analysis

    Baltic Dry Index up 8% in May: Can the Momentum Continue?

    The Baltic Dry Index is a leading indicator for the bulk shipping industry. It tracks a number of shipping routes and the transportation costs.

    By Anuradha Garg
  • uploads///Dry bulk industry Intro
    Macroeconomic Analysis

    Dry Bulk Shipping Industry: Performance in 2015

    Dry bulk shipping got a major boost from China’s increased appetite for iron ore and coal almost eight years ago. Large ship orders are driving the current oversupply.

    By Anuradha Garg
  • uploads///Hedland export
    Macroeconomic Analysis

    Port Hedland Records Higher Iron Ore Exports

    On a month-over-month basis, iron ore exports to China from Port Hedland increased marginally to 30.25 million tons in February 2015.

    By Katie Dale
  • uploads///China crude steel
    Macroeconomic Analysis

    Chinese Crude Steel Production Takes a Break

    In the first two months of 2015, China’s crude steel output dropped 0.21% year-over-year to 130.5 million tons, according to government data.

    By Katie Dale
  • uploads///China coal imports
    Macroeconomic Analysis

    China’s Coal Imports Fall on Quality Inspections and Lower Demand

    In 2014, China coal imports dipped year-over-year for the first time in six years. Imports fell 10.9% to 291.6 million tonnes.

    By Katie Dale
  • uploads///China iron ore imports
    Macroeconomic Analysis

    China’s Iron Ore Imports Dip on Suspended Construction Activities

    China’s iron ore imports declined for the second straight month in February 2015, down 13.5% to 67.94 million tonnes over January 2015.

    By Katie Dale
  • uploads///China PMI
    Macroeconomic Analysis

    China Surprises with Marginal Growth in February

    Just before the release of the official PMI data, the central bank in China cut interest rates by 0.25 percentage points.

    By Katie Dale
  • uploads///Brazil export
    Macroeconomic Analysis

    Brazilian Iron Ore Exports Surge in February

    Seasonality in Brazilian iron ore exports may improve the pace of shipments for the rest of 2015 and possibly buoy Capesize rates.

    By Katie Dale
  • uploads///Dry bulk secondhand
    Macroeconomic Analysis

    Secondhand Vessel Prices Approach 15-Year Lows

    Like the cost of newbuilds, secondhand vessel prices are also on the slide. Five-year old Capesize prices dropped to $33.1 million in February 2015.

    By Katie Dale
  • uploads///Dry bulk industry
    Macroeconomic Analysis

    What’s on the Horizon for the Dry Bulk Shipping Industry?

    In this series, we’ll look at some of the important metrics that drive the dry bulk shipping industry such as the price of commodities.

    By Katie Dale
  • uploads///Article
    Earnings Report

    Diana Shipping’s Investment Strategy and Market Outlook

    Diana Shipping’s investment strategy is to preserve the strength and integrity of its balance sheet and gradually increase its leverage as asset values weaken.

    By Katie Dale
  • uploads///Article
    Earnings Report

    Analyzing Dry Bulk Vessels’ Orderbook, Supply, and Slippage

    In 2014, the newbuilding orderbook for dry bulk carriers reported 746 orders—145 Panamax vessels, 132 Capesize vessels, and 19 VLCCs.

    By Katie Dale
  • uploads///Article
    Earnings Report

    Diana: Rising Coal Stockpiles Will Likely Hamper Dry Bulk Shipping

    Coal stockpiles reached 8 million tons. The continued rise may negatively impact the near-term coal import prospects.

    By Katie Dale
  • uploads///Article
    Earnings Report

    Diana Shipping Expects Chinese Steel Output to Fall in 2015

    According to Diana Shipping’s (DSX) management, world crude steel production reached 1.66 billion metric tons in 2014. It was up by 1.2% compared to 2013.

    By Katie Dale
  • uploads///Article
    Earnings Report

    What Investors Should Know about Diana Shipping’s 4Q Earnings

    Diana Shipping is a global shipping company. It specializes in dry bulk vessel ownership. It reported the results of its 4Q earnings on March 4, 2015.

    By Katie Dale
  • uploads///Article
    Earnings Report

    Investing in the Dry Bulk Industry: Fleet Supply Analysis

    DryShips (DRYS) commented that its total dry bulk fleet’s compound annual growth rate for 2005 to 2014 stood at 9.1%. Its fleet increased by 4.4% in 2014.

    By Katie Dale
  • uploads///Article
    Earnings Report

    DryShips Should Find Support from the Dry Bulk Market Recovery

    World Maritime News comments that it expects a fundamental and sustainable dry bulk market recovery in the second half of 2015 and throughout 2016.

    By Katie Dale
  • uploads///Article
    Earnings Report

    DryShips’ Fourth Quarter Earnings and Fleet: Investor Snapshot

    In this series, we’ll discuss DryShips’ fourth-quarter earnings in detail and the company’s 2015 outlook. We’ll also analyze the company’s strategy.

    By Katie Dale
  • uploads///Article
    Earnings Report

    Shipping industry: Steel demand and imported iron ore substitution

    In 2014, Chinese iron ore imports were up 14% YoY. Domestic iron ore production only increased by 5%. There are planned expansions for global iron ore mines.

    By Katie Dale
  • uploads///Article
    Earnings Report

    Lower net fleet growth will likely improve the rate environment

    In 2015, the net fleet growth is forecast to be below 4%. The forecast is lower than last year. It’s expected to be lower than the demand growth.

    By Katie Dale
  • uploads///Article
    Earnings Report

    Global growth may drive the shipping industry higher

    History reveals that increases in world GDP growth generally led to increases in marine transportation rates. Since June 2014, crude oil prices fell 50%.

    By Katie Dale
  • uploads///Article
    Earnings Report

    A snapshot of Navios Maritime Holdings’ fourth quarter earnings

    Navios Maritime Holdings (NM) is a global seaborne shipping and logistics company. It’s focused on the transport and transshipment of dry bulk commodities.

    By Katie Dale
  • uploads///Article
    Earnings Report

    Navios Maritime Partners: Bet on dry bulk depends on world growth

    The dry bulk industry is broadly affected by factors like global economic growth, which positively correlates with raw material consumption.

    By Katie Dale
  • uploads///Article
    Macroeconomic Analysis

    Why China’s coal imports are declining

    In 2014, China’s coal imports recorded their first year-over-year dip in six years. Imports dropped 10.9% to 291.2 million tonnes.

    By Katie Dale
  • uploads///Article
    Macroeconomic Analysis

    Port Hedland’s iron ore exports are on the rise

    Shipments through Port Hedland represented 55% of Australia’s iron ore exports last year, and more than 80% of cargoes go to China.

    By Katie Dale
  • uploads///Article
    Macroeconomic Analysis

    China’s January PMI is below the expansion level

    China’s official purchasing managers’ index (or PMI) declined to 49.8 in January 2015 from its December 2014 levels of 50.1.

    By Katie Dale
  • uploads///Article
    Macroeconomic Analysis

    How have key players in the dry bulk shipping industry performed?

    To date in 2015, the Guggenheim Shipping ETF, an index weighted with dry bulk shipping companies, increased 1.3%, while the Baltic Dry Index declined 28.3%.

    By Katie Dale
  • uploads///Article
    Basic Materials

    China’s coal imports are rising due to cheaper coal overseas

    For 2014, the total coal imports were 291.22 million tonnes—compared to 327.1 million tonnes in 2013. This was after many years of double-digit growth.

    By Katie Dale
  • uploads///Article
    Basic Materials

    Monthly crude steel production’s YoY growth – 2014 declined

    The National Bureau of Statistics revealed that the December crude steel output in China increased 7.6% to 68.09 million tonnes. Steel output was up 1.5% YoY.

    By Katie Dale
  • uploads///Article
    Energy & Utilities

    Why increasing Newbuild vessel prices discourages buyers

    On a weekly basis, vessel prices indicate the current trading prices of Capesize, Panamax, Supramax, and Handymax vessels. They also indicate the weekly changes.

    By Katie Dale
  • uploads///Article
    Energy & Utilities

    Baltic Dry Index – Why December dipped in red

    The Baltic Dry Index, or BDI, measures the price of transporting dry bulk. It’s a combination of rates for different ship sizes.

    By Katie Dale
  • uploads///Article
    Basic Materials

    Dry bulk shipping industry players and performance

    China accounts for a major share of dry bulk commodities’ imports and exports. In the past three months, the Guggenheim Shipping ETF (SEA) dropped 6.1%.

    By Katie Dale
  • uploads///Article
    Earnings Report

    Why maturing contracts are a risk to Navios Maritime Partners

    Navios Maritime Partners has a modern, diverse fleet of 32 vessels with 3.3 million DWT and an average age of 7.5 years for its combined fleet.

    By Katie Dale
  • uploads///Article
    Earnings Report

    Despite dividends, Navios is still unattractive to many investors

    Dividend yield for Navios Maritime Partners currently stands at 15.8% with the company recently paying a dividend of $0.4425 per common unit.

    By Katie Dale
  • uploads///Article
    Earnings Report

    How Navios Maritime Partners manages and increases is fleet

    Since its IPO in May 2007, Navios has grown its distribution by 26.4% and its fleet capacity by over 400%.

    By Katie Dale
  • uploads///Article
    Earnings Report

    Overview and fleet portfolio of Navios Maritime Partners

    Since Navios Maritime Partners (NMM) reported its earnings, the stock has dipped 28.3%, touching its 52-week low of $9.67 on December 15.

    By Katie Dale
  • uploads///Bulk secondhand
    Macroeconomic Analysis

    5-year and 10-year ship prices for dry bulk companies

    Vessel prices are very close to bottom levels that occurred back in the period from December 2012 to January 2013.

    By Katie Dale
  • uploads///Article
    Macroeconomic Analysis

    Why China’s iron ore and coal imports declined

    China imports almost 60% of the world’s seaborne iron ore while its coal trade accounts for almost a quarter of the global trade.

    By Katie Dale
  • uploads///Article
    Macroeconomic Analysis

    Brazil iron ore export dips in November

    Brazil is the second largest iron ore exporting country, accounting for almost 25% of market share.

    By Katie Dale
  • uploads///Article
    Macroeconomic Analysis

    Why the Baltic Dry Index dipped in November

    Despite a decline in fuel prices, the Baltic Dry Index has recorded an approximate 40% drop since the start of November and a 62% decline year-to-date.

    By Katie Dale
  • uploads///Article
    Macroeconomic Analysis

    Why the dry bulk shipping industry is weakening

    Numerous factors like world economic growth and commodity supply and demand affect the dry bulk shipping industry.

    By Katie Dale
  • Energy & Utilities

    Dry bulk industry trends mean positive outlook for DryShips

    Looking ahead, many factors are likely to positively influence the shipping market and the companies that play in it. For example, India’s increasing appetite for coal has caused Capesize and Panamax rates to surge by 94% and 49%, respectively.

    By Katie Dale
  • Industrials

    DryShips’ dry bulk and crude tanker fleet statistics

    Orderbooks of Suezmax and Aframax fleets remain at manageable levels, with the majority of new orders due for delivery in the second half of 2016 or later.

    By Katie Dale
  • Industrials

    DryShips’ common equity and secured credit facilities

    George Economou, the company’s chairman, president, and chief executive officer, purchased $80 million, or 57.1 million shares of common stock at the public offering price. With this purchase, Economou increased his ownership in DryShips to 16.9%.

    By Katie Dale
  • Industrials

    DryShips improves its time charter equivalent and outlook

    DryShips notes that it has significant leverage in the dry bulk and tanker spot markets. So, positive developments in these sectors will result in substantial cash flow to its bottom line.

    By Katie Dale
  • Basic Materials

    China’s iron ore imports are on a roll as coal imports narrow

    China is the world’s top iron ore and coal consumer. China imports almost 60% of the world’s seaborne iron ore, while its coal trade accounts for almost a quarter of the global trade.

    By Katie Dale
  • Energy & Utilities

    Crude steel production run-up affects dry bulk shippers

    China’s crude steel production is a key indicator that dry bulk shipping investors should watch. This is mainly due to iron ore primarily being used to manufacture steel.

    By Katie Dale
  • Energy & Utilities

    Older dry bulk ship values fall significantly, spelling weakness

    Newbuilds versus second-hand vessel values Second-hand vessels are characterized by faster deliveries, so they reflect short-to-medium term fundamentals. Second-hand vessel prices tend to be more responsive to changes in current rates compared to newbuilds, which are affect by changes from industry turnarounds. On the contrary, buyers and sellers of newbuilds have to wait for almost two years […]

    By Katie Dale
  • Energy & Utilities

    October dry bulk newbuild ship prices are relatively consistent

    An indicator to gauge bulk vessels’ fundamental prospects, ship prices include newbuild vessel prices and second-hand vessel prices.

    By Katie Dale
  • Industrials

    Dry bulk orderbook falls in October, showing lower expectations

    Ship orders’ importance Orderbook is an indicator that investors can track for the longer run, as dry bulk ships generally take one or two years to construct. Managers’ expectations of future supply and demand differences reflect in the number of ships they order. Rising and falling ship orders indicate the different market scenarios. When managers refrain from purchasing […]

    By Katie Dale
  • Industrials

    Assessing dry bulk shipping industry players and performance

    Growing construction activity in the global arena leads to significant demand for iron ore and coking coal, which expands the seaborne trade of these dry bulk commodities.

    By Katie Dale
  • uploads///Coal
    Basic Materials

    Why China’s coal and grain trade increased

    Coal trade saw significant changes over the past few years. China was a net coal exporter in 2009—only five years ago. Today, it’s the world’s largest importer.

    By Katie Dale
  • Basic Materials

    Why China’s urbanization is leading to a rise in iron ore imports

    For the rest 2014 and beyond, China’s continued development in urbanization is expected to contribute significantly to steel consumption.

    By Katie Dale
  • Industrials

    Why NMM is a low-cost operator with a solid coverage ratio

    Navios Maritime Partners’ (NMM) management commented that based on the normalized nine-month period in 2014, the company’s actual coverage is 1.2x.

    By Katie Dale
  • Industrials

    Why NMM has multiple growth avenues and an operating surplus

    NMM has multiple ways to grow its fleet size and distributions. Since its initial public offering (or IPO) in May 2007, the company grew its distribution by 26.4%.

    By Katie Dale
  • Energy & Utilities

    Why rising EBITDA and net income are positive for Navios Maritime

    NMM recorded an increase of $1.8 million in its EBITDA to $37.5 million for the three-month period ending September 30, 2014—compared to $35.6 million for the same period in 2013.

    By Katie Dale
  • Energy & Utilities

    Must-know: September’s 5-year and 10-year ship prices

    Second-hand vessel values were led by quicker deliveries. Price movements in second-hand vessels tend to reflect industry participants’ expectations for medium-term fundamentals.

    By Katie Dale
  • Energy & Utilities

    China’s thermal power output recorded a downfall

    China’s power consumption in August was 502.5 billion kilowatt hours (or kWh). This was a decline of 1.5% from the levels last year.

    By Katie Dale
  • Energy & Utilities

    Why the Baltic Dry Index is decreasing

    The Baltic Dry Index measures the cost of major raw materials. The raw materials are transported by sea in the global economy. It indicates a strict demand supply price situation.

    By Katie Dale
  • Energy & Utilities

    Must-know: Dry bulk shipping players and performance

    China is one of the largest commodity importers in the world. China’s manufacturing and real estate sector remains a key driver of dry bulk trade throughout the world.

    By Katie Dale
  • Energy & Utilities

    Ship line capital expenditures and financing overview

    What Ship Finance paid for the nine ships is only a fraction of construction costs and just marginally higher than current scrap values.

    By Katie Dale
  • uploads///Orderbook
    Energy & Utilities

    Why orderbook and scrapping are positive for dry bulk stocks

    For the first seven months of 2014, 30.6 million deadweight tonnes (DWT) were actually delivered versus the projection of 47.6 million DWT. The non-delivery rate through July was about 36%.

    By Katie Dale
  • Energy & Utilities

    Coal and grain shipments: Analyzing the impact on Navios Holdings

    In the past few years, the coal industry has undergone significant changes. China has become the world’s biggest importer of coal, formerly a net exporter of coal in 2009.

    By Katie Dale
  • Energy & Utilities

    Navios South American Logistics’ growth supports Navios Holdings

    Navios Logistics is one of the largest logistics companies in the Hidrovia region of South America and the cabotage trades along the eastern coast of South America.

    By Katie Dale
  • Energy & Utilities

    Why Navios Holdings’ low cost structure benefits the company

    Navios Maritime Holdings (NM) chairwoman and chief executive Angeliki Frangou once again commented that the company has created a significant competitive advantage through its in-house technical and commercial management.

    By Katie Dale
  • Energy & Utilities

    Why Navios Holdings’ low cash breakeven rate makes it attractive

    Navios Maritime Holdings’ (NM) low daily cash break-even rate allows the company to enjoy significant cash flow regardless of whether the market returns to historical norms.

    By Katie Dale
  • Energy & Utilities

    Rising time charter equivalents increased Navios Holdings’ revenue

    For the second quarter of 2014, Navios Maritime Holdings (NM) recorded revenue of $145.4 million compared to $125.6 million in the corresponding quarter a year ago

    By Katie Dale
  • Energy & Utilities

    China’s thermal power output records marginal growth

    Two main drivers suggest investments in renewable energies, nuclear power, and natural gas can be expected to take on greater importance for China.

    By Katie Dale
  • Energy & Utilities

    Must know: China’s crude steel production edging upwards

    China’s steel production mills are reluctant to reduce output for fear credit could be cut off and market share captured by rival producers.

    By Katie Dale
  • Energy & Utilities

    Iron ore and coal shipping: The China effect

    When import levels of iron ore and coal imports are up in China, demand is high and shipping rates rise.

    By Katie Dale
  • Energy & Utilities

    China stimulus to boost economic growth, benefit commodities

    The stimulus measures introduced by China follow a string of weak economic data released in August. With higher credit available, China’s big banks are expected to channel funds into areas of economic importance.

    By Katie Dale
  • uploads///Refinancing
    Energy & Utilities

    Why investors should look into DryShips’ financing commitments

    DRYS has received firm commitments for a total of up to $520 million from ABN AMRO and Nordea Bank. This is the first major milestone towards the refinancing of the company’s 5% convertible notes maturing in December.

    By Katie Dale
  • Energy & Utilities

    DryShips tries to reduce debt and improve its value-to-loan ratio

    There’s no denying that debt is DryShips’ main concern going forward. The company’s debt stood at a total of $6 billion at the end of the first quarter, up around $500 million quarter-over-quarter.

    By Katie Dale
  • uploads///Performance
    Energy & Utilities

    A must-read overview of DryShips’ 2nd quarter 2014 earnings

    Formed in September 2004, DryShips Inc. (DRYS) is a global shipping transportation company. It offers ocean transportation services for dry bulk cargoes and crude oil worldwide.

    By Katie Dale
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