Clear Waters for Marine Industry - Research Report on DryShips Inc. and OceanFreight Inc.
13 June 2011 - 11:00PM
Marketwired
Today, www.EquityMarketsInc.com announced its research report
highlighting DryShips Inc. (NASDAQ: DRYS) and OceanFreight Inc.
(NASDAQ: OCNF). Full content and research is available at
www.EquityMarketsInc.com/research.php.
The fundamental outlook for the marine industry group remains
optimistic, reflecting more favorable global market trends, strong
demand eastbound from Asia. Industry experts predict that over the
next five years, consolidation will pick up further, which could
eliminate up to 33% of container lines as smaller carriers are
unable to survive difficult market conditions. The JoC reports that
industry consulting firms are predicting average capacity growth of
10% for 2011 and 2012, and global cargo volume growth of 7% to
8%.
Equity Markets has reviewed DryShips Inc. as a holding company
engaged in the ocean transportation services of drybulk cargoes
worldwide through the ownership and operation of the drybulk
carrier vessels and deepwater drilling rig services through the
ownership of ultra-deep water drilling rigs.The company owns a
fleet of 39 drybulk carriers consisted of seven Capesize, 28
Panamax, two Supramax vessels and two Panamax newbuilding vessels,
which have a combined deadweight tons of approximately 3.3 million
dead weight tons. The full research report on DryShips Inc.
(NASDAQ: DRYS) is available here:
www.EquityMarketsInc.com/researchfile4634.php.
Equity Markets is covering OceanFreight Inc. because it is a
provider of shipping transportation services. The Company is
engaged in transporting drybulk cargoes, including such commodities
as iron ore, coal, grain and other materials and crude oil cargoes
through the ownership and operation of nine drybulk carriers and
four tanker vessels. As of December 31, 2009, its fleet consisted
of six Panamax and three Capesize drybulk carriers, three Aframax
and one Suezmax tanker vessels with a total capacity of 1.4 million
dead weight tons (dwt) and a weighted average age of 10.7 years.
The full research report on OceanFreight Inc. (NASDAQ: OCNF) is
available here: www.EquityMarketsInc.com/researchfile4891.php.
About Equity Markets Our mission at Equity Markets is to be the
best source of content and research, while educating, enlightening
and informing investors. Equity Markets combines street smart
analysts and professional market researchers to provide investors
with detailed company profiles and market coverage.
Contact: Samuel Littman Email Contact
www.EquityMarketsInc.com
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