Excel Maritime Carriers Ltd. (EXM) May Offer Opportunity as Old Contracts Expire and Higher Rates Kick In
There are certain sectors that bear watching as a poor economy struggles with various issues. These sectors indicate trends that offer a roadway to where the profit may lie, even in a down cycle. As the world is obviously a global system of trade, shipping is one such sector. Containers shipped are a signal of export growth and contraction along with money flows. Bulk shipping, however, is a sign of manufacturing and wealth generation. As this sector moves, so does the real world economy (in an economic economist sense.) Excel Maritime Carriers Ltd., a dry bulk shipping company, operates a…