EdgeWater 12/15/2010 11:20:42 PM
News / Business

Shipping Stocks Ended Mixed (DryShips Inc., GMR, EGLE, Frontline)

Shipping Stocks Ended Mixed

DryShips Inc. (NASDAQ:DRYS) dropped 1.39% to $6.21. DryShips Inc. is a holding company. The Company is 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 stock has average daily volume of 23.77 million shares. At current market price, the market capitalization of the company stands at $1.83 billion.

General Maritime Corporation (NYSE:GMR) is down 5.90% to $3.35. General Maritime Corporation is a provider of international seaborne crude oil transportation services. The Company also provides transportation services for refined petroleum products.

The stock opened at $3.54 and is trading within the range of $3.35-$3.56. The stock made its fresh 52-week low of $3.35.

Eagle Bulk Shipping Inc. (NASDAQ:EGLE) added 0.39% to $5.15. The 52-week range of the stock is $3.91-$6.08. The stock is up more than 4% year-to-date.

The stock has average daily volume of 1.56 million shares.

Frontline Ltd. (USA) (NYSE:FRO) lost 2.35% to $25.31. The 52-week range of the stock is $24.98-$38.85.

The average daily volume of the stock is 1.39 million shares. At current market price, the market capitalization of the company stands at $1.97 billion.

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