Diana Shipping Healthiest in its Sector
Arjun Rudra submits:
Diana Shipping (DSX) is a shipping company of Greek origin quoted on the New York Stock Exchange. It is a global provider of shipping transportation services, specializing in transporting dry bulk cargo such as iron ore, coal, grain and other materials. As of March 1, Diana Shipping maintained a fleet of 14 Panamax vessels and eight Capesize vessels with a collective carrying capacity of 2.4 million dead-weight tonnage (the measure of weight a ship is carrying or can carry safely).
The Baltic Dry Index is the main indicator of the health of the dry bulk shipping market. The following chart illustrates the stock performances of Diana Shipping and competitor Eagle Bulk (EGLE) in comparison to the Baltic Dry Index.
Investing, Long Term Investment, stock market | admin March 12, 2010
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