Some Good News For Shipping Sector Despite BDI

27 March 2014

Seanergy Maritime +27% on Q4 earnings, leads shipping names higher • 11:40 AM

  • Seanergy Maritime (SHIP +27.1%) shares are surging after the dry bulk shipper reported Q4 net earnings of $7.5M vs. a $117M loss in the prior-year quarter.
  • SHIP says 2013 saw a significant reversal in dry bulk market conditions, as increased China imports of iron ore and the expected slowdown in vessel deliveries over the next years led to higher freight rates in Q4, and sees continued strength in 2014; time charter equivalent rose 7% in the full year to $8,006 from $7,465 in 2012.
  • Other shipping names are mostly higher: GNK +9.2%EGLE +3.2%SBLK +2%BALT +1.1%SB +0.9%NM+0.2%DSX +0.2%FREE -0.6

Baltic Dry Index (BDI)    -84   1412 
Rates

BCI

(Cape index)

BPI

(Panamax index)

BSI

(Supramax index)
INDEX

2579

-182

1018

-44

1139

-41

SPOT 4 TCE AVG (USD)

19853

-2043

8210

-351

11914

-426

YESTERDAY (USD)

21896

8561

12340

YEAR AGO (USD)

4678

9412 9866

DRYSHIPS INC(DRYS:NASDAQ, US)

BuySell
3.17USDDecrease0.055(-1.71%)Volume: 
Above Average
As of 27 Mar 2014 at 1:53 PM EDT.

 

QUOTE DETAILS

Open 3.25 P/E Ratio (TTM)
Last Bid/Size 3.16 / 533 EPS (TTM) -0.58
Last Ask/Size 3.17 / 352 Next Earnings
Previous Close 3.22 Beta 2.67
Volume 8,701,280 Last Dividend
Average Volume 9,474,303 Dividend Yield 0.00%
Day High 3.32 Ex-Dividend Date
Day Low 3.10 Shares Outstanding 432.7M
52 Week High 5.00 # of Floating Shares 396.9353M
52 Week Low 1.65 Short Interest as % of Float 2.59%
chart

DIANA SHIPPING INC(DSX:NYSE, US)

BuySell
11.88USDIncrease0.13(1.11%)Volume: 
Average
As of 27 Mar 2014 at 1:54 PM EDT.

 

QUOTE DETAILS
Open 11.71 P/E Ratio (TTM)
Last Bid/Size 11.87 / 2 EPS (TTM) -0.27
Last Ask/Size 11.88 / 7 Next Earnings 19 May 2014
Previous Close 11.75 Beta 1.62
Volume 397,917 Last Dividend
Average Volume 577,176 Dividend Yield 0.00%
Day High 11.91 Ex-Dividend Date
Day Low 11.56 Shares Outstanding 82.8M
52 Week High 13.93 # of Floating Shares 68.14085M
52 Week Low 9.00 Short Interest as % of Float 2.88%
chart

SAFE BULKERS INC(SB:NYSE, US)

BuySell
9.05USDIncrease0.12(1.34%)Volume: 
Below Average
As of 27 Mar 2014 at 1:55 PM EDT.

 

QUOTE DETAILS

Open 8.89 P/E Ratio (TTM) 8.5x
Last Bid/Size 9.03 / 1 EPS (TTM) 1.05
Last Ask/Size 9.05 / 1 Next Earnings 12 May 2014
Previous Close 8.93 Beta 1.80
Volume 119,606 Quarterly Dividend 0.0600
Average Volume 557,620 Dividend Yield 2.65%
Day High 9.19 Ex-Dividend Date 6 Mar 2014
Day Low 8.80 Shares Outstanding 83.4M
52 Week High 11.48 # of Floating Shares 35.96139M
52 Week Low 4.59 Short Interest as % of Float 1.03%
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