Ultrapetrol (Bahamas) Limited
[Continued from part 3]
Tom Herzfeld: Now that Trailer Bridge is out of the picture, we’re actively searching for shippers with shallow-draft vessels that meet our investment criteria. Recently, I haven’t been too impressed with the performance of our holding in Ultrapetrol Bahamas (NASDAQ: ULTR), but as I look more »
A "Perfect Storm" of factors has gathered that has shipping stocks sailing higher in recent trading.
While The Great Recession sank many shipping companies, others have started to recover. Over the last month of market action, Frontline Inc (NYSE: FRO) and Starbulk Carriers (NASDAQ: SBLK) were both up more than 20%. For the last four weeks, Costamare Inc. (NYSE: CMRE) rose by 18.93%. Genco Shipping & Trading (NYSE: GNK) jumped more »