Two bulk shipping companies will compete for investors' attention next week when they are expected to go public, but analysts are questioning their ability to nab much cash. For more information regarding the most recent information taking place on Wall Street, make sure to visit the Most Exclusive and Leading in Depth newsletter website at: http://www.wallstreetgrand.com/.
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Two bulk shipping companies will compete for investors' attention next week when they are expected to go public, but analysts are questioning their ability to nab much cash. The first company, Baltic Trading, formed by dry bulk shipper Genco Shipping & Trading, based in New York. The second, Crude Carriers, is managed by Capital Maritime & Trading. Crude Carriers plans to buy and operate a fleet of oil tankers. Baltic Trading will ship dry goods.
It may not be the best time for a shipping company to ask investors to invest. The industry has been hurt by sluggish global demand for commodities like oil, cement and iron ore and coal. Making matters worse, the IPO market has been difficult as concerns about the economy have dulled investors' appetites.
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