International Shipholding Corp
It is expected that the oversupply in the dry-bulk shipping market could potentially stabilize in the second-half of 2013. I do agree with this, because I believe that the rapid decline in the new-dry bulk vessels deliveries in 2013 should pull down the gap between demand and supply of dry-bulk.
But the market is likely to remain challenging, given that demand would still have to grow to offset the significant more »
Billionaire Wilbur Ross is a renowned debt investing expert who has turned bullish on the shipping industry; believing there are a number of opportunities in the dry bulk and container ship markets. Ross started his own firm in 2000, specializing in distressed investing (check out all the stocks Ross owns).