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Shipping Industry Benefits From Falling Fuel Costs -- Baltic Dry Index Rises for 7 Consecutive Days

NEW YORK, NY -- (Marketwire) -- 06/25/12 -- The Shipping Industry has recently benefited from falling oil prices. Fuel has always been a major cost for shipping companies, and the recent slide in prices have allowed them to operate at more profitable levels. The United States Oil Fund (USO) this year has fallen nearly 23 percent, while the Guggenheim Shipping ETF (SEA) is up over 6 percent over the same period. The Paragon Report examines investing opportunities in the Shipping Industry and provides equity research on DryShips Inc. (NASDAQ: DRYS) and Eagle Bulk Shipping Inc. (NASDAQ: EGLE).

Access to the full company reports can be found at:

www.ParagonReport.com/DRYS

www.ParagonReport.com/EGLE

The Baltic Dry Index, which tracks worldwide shipping rates for dry-bulk cargoes such as coal, iron ore and grain, increased for the 7th consecutive day Wednesday. The index jumped 14 points to land at 938 points, while the Baltic's Panamax index gained 1.5 percent to 1,081 points. Although the Shipping Industry has been improving, freight rates are being pressured from growing ship supply.

"Although dry bulk shipping demand is expected to remain firm for the foreseeable future, we also believe the dry bulk shipping market is likely to remain challenging over the next 12 months given the significant number of new projected dry bulk carrier shipyard deliveries," Jefferies analyst Douglas Mavrinac said in a note.

Paragon Report 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.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.

DryShips Inc. is an owner of drybulk carriers and tankers that operate worldwide. The Company recorded net loss of $47.5 million for the three-month period ended March 31, 2012, as compared to net income of $25.8 million for the three-month period ended March 31, 2011. Adjusted EBITDA was $105.5 million for the first quarter of 2012 as compared to $107.1 million for the same period in 2011.

Shares of Eagle Bulk Shipping soared over 30 percent Thursday as the company that it has reached an agreement with a syndicate of its lenders led by Royal Bank of Scotland plc. This agreement resolves all outstanding issues with the Company's lenders and significantly improves the Company's position amid the ongoing, cyclical downturn in the shipping markets.

Paragon Report 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. The Paragon Report has not been compensated by any of the above-mentioned companies. We act as independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:

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