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Shipping Industry Showing Signs of Recovery -- Diana Shipping and Frontline Look to Gain

NEW YORK, NY -- (Marketwire) -- 05/30/12 -- The Shipping Industry has continued to face adversity after experiencing a painful 2011. The industry reported widespread first quarter losses as a result of surging oil prices and a supply glut of shipping vessels. However, a mild recovery might just be around the corner as freight rates are gradually moving upwards. Five Star Equities examines the outlook for companies in the Shipping Industry and provides equity research on Diana Shipping Inc. (NYSE: DSX) and Frontline Ltd. (NYSE: FRO).

Access to the full company reports can be found at:

www.FiveStarEquities.com/DSX
www.FiveStarEquities.com/FRO

The Baltic Dry Index, which tracks worldwide shipping rates for dry-bulk cargoes such as coal, iron ore and grain, has increased to 1,100 this month. The BDI plunged to its lowest level since 2009 in February hitting 647. Recent hard work from container shippers to get freight rates back to respectable levels have paid off. According to an article in the China Daily recent industry data shows that the cost of shipping a container on the Asia-Europe route has increased from $500, at the end of 2011, to $1,700.

Five Star Equities releases regular market updates on the Shipping Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.

Diana Shipping Inc. is a global provider of shipping transportation services. It specialize in transporting dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes. The company earlier this month reported net income of $20.0 million for the first quarter of 2012, compared to net income of $33.1 million reported in the first quarter of 2011.

Frontline Ltd. is a shipping company. The company is engaged primarily in the ownership and operation of oil tankers and oil/bulk/ore (OBO) carriers. Frontline recently announced net income attributable to the company of $7.2 million, equivalent to earnings per share of $0.09, compared with a net loss of $343.7 million for the fourth quarter of 2011.

Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: www.FiveStarEquities.com/disclaimer

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