After posting its lowest average in 26 years in 2012 the Baltic Dry Index (BDI), a measure of costs to ship dry-bulk commodities such as grain, coal and iron ore, has soared approximately 65 percent in 2013. Although still down roughly 90 percent since its peak of 11,793 in May 2008, the rebound in shipping rates have helped buoy shipping stocks in 2013. The Guggenheim Shipping ETF (NYSEARCA: SEA) has gained over 10 percent year-to-date.

DryShips Inc. (NASDAQ: DRYS) shares traded in the range of $1.81 to $1.86 Wednesday before settling to close at $1.85, an increase of 0.54 percent. The stock appears to be facing resistance at the $1.89 and $1.92 levels with some support at $1.82. Shares of DryShips have gained approximately 15.6 percent in 2013.

More information on DryShips and access to the free equity report can be found at:
www.WallStreetFundamentals.com/DRYS

Diana Shipping Inc. (NYSE: DSX) shares traded in the range of $9.70 to $9.85 Wednesday before settling to close at $9.84, an increase of 0.92 percent. The stock appears to be facing resistance at the $10.06 and $10.22 levels with some support at $9.80. Shares of Diana Shipping have gained approximately 35.0 percent in 2013.

More information on Diana Shipping and access to the free equity report can be found at:
www.WallStreetFundamentals.com/DSX

Eagle Bulk Shipping Inc. (NASDAQ: EGLE) shares traded in the range of $3.12 to $3.38 Wednesday before settling to close at $3.37, an increase of 8.01 percent. The stock appears to be facing resistance at the $3.72 and $4.11 levels with some support at $3.28. Shares of Eagle Bulk Shipping have gained approximately 125 percent in 2013.

More information on Eagle Bulk Shipping and access to the free equity report can be found at:
www.WallStreetFundamentals.com/EGLE

Genco Shipping & Trading Limited (NYSE: GNK) shares traded in the range of $1.68 to $1.73 Wednesday before settling to close at $1.72, an increase of 1.18 percent. The stock appears to be facing resistance at the $2.12 and $2.48 levels with some support at $1.68. Shares of Genco Shipping & Trading have fallen approximately 50.0 percent in 2013.

More information on Genco Shipping & Trading and access to the free equity report can be found at:
www.WallStreetFundamentals.com/GNK

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