Genco Shipping & Trading Ltd.  (GNK) Trade Now »     Rate GNK  -  Discuss GNK  -  Add to Watch List        

The water transportation sector has seen incredible growth over the past years and has spawned well know success stories such as DryShips (DRYS). Like much of the rest of the market, the industry has been hit by the recent slowdown. There is no doubt in my mind, however, that when the market begins to recover, the water transport industry will be very attractive. That being said, I have found a couple of alternatives to DRYS, just in case you don't like it for one reason or another.

Genco Shipping and Trading (GNK) is a stellar company and big investors have noticed. It is almost 75% institu

If you're interested in a more conservative portfolio - one that provides an excellent yield (this one currently has 8.4%) and has a little growth potential - here's a starting point to start to put a diversified portfolio together. I'll be adding more candidates to the list in the future.

Canadian Oil Sands Trust (COSWF.PK)

Genco Shipping & Trading Limited ( GNK ) is an international shipping company that transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. The company's fleet of dry cargo vessels consists of Panamax, Handymax and Handysize vessels.

Genco, a Zacks #2 Rank (Buy), has a young fleet with an average age of six years compared to 16 years in the industry. The company's strategy is to manage and expand the fleet in a way that enables it to pay dividends to shareholders.

On Feb 13, Genco announced its fourth-quarter earnings a

Strong growth underpinned by strong coal and iron ore trades to China and india, should continue to propel material equity price appreciation over the course of the next 12 months, in my opinion. I believe, charter rates, already at a historical high point, will continue to positively affect dry bulk charter owners in major trading routes.

Considering the sub-par economic growth expectations in the U.S. for both 2008 and 2009, I suspect investors will begin to diversify away from the more U.S. cyclical sensitive names and gravitate towards the Asia secular growth plays. In my v