Browse by ▼

Ocean Rig UDW Inc.

  • Stay Away From Shipping Stocks

    By Ishtiaq Ahmed - May 1, 2013 | Tickers: DRYS, ESEA, ORIG, PRGN

    There are few industries that have been hit harder than the shipping industry in the past five years. The shipping industry is always at the forefront of economic growth and is hit most severely if the economy starts to slow down. However, the fall of the shipping industry in the past five years cannot only be attributed to the poor economic conditions – the industry was the architect of its own more »

  • Is There Hope for this Struggling Shipper?

    By Fani Kelesidou - February 19, 2013 | Tickers: DRYS, NMM, ORIG

    Back in 2008, DryShips (NASDAQ: DRYS) used to be the crown jewel of the shipping industry. With a fleet size second to none, and a market capitalization greater than $3 billion, DryShips dominated the market and held a special place in investors' hearts.

    Yet over the past five years, the gloomy demand environment within the dry bulk sector nearly sunk the company. As the Baltic Dry Index kept bumping along more »

  • Greek Shippers Might Pay the Price After All

    By Fani Kelesidou - January 21, 2013 | Tickers: DSX, DRYS, ORIG

    For years, Greek shippers have maintained a leading position in the international maritime business. The long shipping tradition of their home country provided a major competitive advantage that enabled them to establish a strong foothold in the global shipping industry. Greek ship owners have the largest merchant marine fleet worldwide. In particular, they control about 16% of the global dry bulk fleet and operate about ¼ of the world's more »

  • The Ship, the Sea, and...the Value Opportunity?(Part one)

    By Fani Kelesidou - January 14, 2013 | Tickers: DSX, DRYS, EGLE, NMM, ORIG

    At the moment, a typical investor would stay far away from shipping stocks. Weak global demand has led to an unprecedented oversupply within the industry. In turn, over the past five years, ship owners have been struggling with declining chartering rates and diminished profits. On the other hand, a contrarian investor would probably think to dig deeper into the market's trends seeking a possible value opportunity. As Baron Rothschild more »

  • Three Shipping Stocks to Consider for Industry Recovery

    By Dr. Osman Gulseven - October 15, 2012 | Tickers: DRYS, EGLE, FRO, NM, NMM, ORIG, SBLK

    Since the subprime crisis, the shipping industry is under distress and is facing numerous challenges. The recent global economic meltdown and the prevalent oversupply in the sector are serious setbacks for investors. Most of the shipping giants are dealing with revenue losses due to low market demand. As a result, their debt is growing at a fast pace. Currently, most shipping companies are struggling to generate enough revenue to survive more »

  • Smaller Offshore Drillers Find a Niche

    By Chris Mascarenhas - August 24, 2012 | Tickers: CVX, COP, DRYS, NATDF.PK, ORIG, PACD, SDRL

    Typically, a company would have to own quite a few assets to have a billion dollars worth.  In the offshore drilling sector,  a new drilling asset costs between $200 million (Jack-up rig) to over $600 million (Ultra Deepwater (UDW) drillship).  A company could own just a pair of Jack-up rigs and a UDW drillship, or a couple of UDW drilling assets, and have over a billion dollars in assets.  This more »