EdgeWater 2/18/2011 12:38:15 AM
News / Business

Shipping Stocks Mostly Lower (DryShips Inc., GMR, GNK, FRO)

Shipping Stocks Mostly Lower

DryShips Inc. (NASDAQ:DRYS) slid 0.89% to $5.03. The stock has a 52-week range of $3.28-$6.82.

The stock has average daily volume of 14.73 million shares. At current market price, the market capitalization of the company stands at $1.48 billion.

General Maritime Corporation (NYSE:GMR) added 1.50% to $2.71 after it made its fresh 52-week low of $2.64. General Maritime Corporation is a provider of international seaborne crude oil transportation services.

The stock opened at $2.64 and is trading within the range of $2.64-$2.75.

Genco Shipping & Trading Limited (NYSE:GNK) lost 0.55% to $12.72. The stock has a 52-week range of $11.15-$24.52. The stock has average daily volume of 1.59 million shares. At current market price, the market capitalization of the company stands at $451.90 million.

Genco Shipping & Trading Limited is engaged in transporting iron ore, coal, grain, steel products and other dry bulk cargoes along worldwide shipping routes.

Frontline Ltd. (USA) (NYSE:FRO) is down 1.77% to $26.60. The stock opened at $26.67 and is trading within the range of $26.51-$26.91.

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