Shipping Stocks - Top Shipping Stocks

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Shipping Stocks to Buy 2017 - Top Shipping Stocks 2017

Shipping Stocks 2017 - Dry Bulk Shipping Stocks were explosive after the Presidential Election last year with DryShips (DRYS) and Sino Global America (SINO) surging the most.  At one point, DryShips (DRYS) surged from $5 to over $100 before the bubble popped.  Its really hard to say what caused this sudden surge in the shipping stocks but we need to watch this situation play out in 2017.  Most of the dry bulk shipping stocks have now come down to earth but will they skyrocket again at some point in 2017?  Below is a list of shipping stocks to watch and potentially buy.  These are the best shipping stocks that are trading in the stock market right now.

Shipping Stocks to Buy - (Diana Shipping NYSE:DSX) - If I had to highlight one shipping stock pick to buy right now, it would be Diana Shipping (DSX).  For me, Dry Bulk Shipping Stocks are all about risk management because right now the global exonomy is weak.  When I look at Diana Shipping (DSX), shares are higher by 32% in the last six months compared to the bad shipping stocks which are mostly down this year.  DSX is still down 54% over the last five years but if we see a sudden surge in dry bulk shipping rates, Diana Shipping will benefit.  DSX, in my opinion, remains the best shipping stock to buy in 2017.

Diana Shipping Inc. is a holding company. The Company is engaged in providing shipping transportation services. The Company is also engaged in the ocean transportation of dry bulk cargoes across the world through the ownership of dry bulk carrier vessels. Its fleet consists of over 45 dry bulk vessels, of which 22 are Panamax, four are Kamsarmax, three are Post-Panamax, 14 are Capesize and two are Newcastlemax vessels, having a combined carrying capacity of over 5.2 million dead weight tons. Its vessels include Danae, Dione, Erato, Leto, Myrto and Alcmene, among others. The Company's vessels are primarily used to transport iron ore, coal, grains and minor bulks, including steel products, cement and fertilizers.

Best Shipping Stocks - Another good but risky shipping stock in 2017 will be EuroSeas (ESEA).  The company recently bought a DryBulk Vessel company for several million and are prepared to grow if the shipping rates increase this year.  EuroSeas (ESEA) isn't the most popular shipping stock, that would be DryShips (DRYS).  However, I think it has a better long term outlook amidst the volatility that the shipping sector brings.  ESEA was up 22% last year and is a good shipping stock to watch in 2017.

Euroseas Ltd. is engaged in the shipping business. The Company is an owner and operator of drybulk and container carrier vessels and is a provider of seaborne transportation for drybulk and containerized cargoes. Eurobulk Ltd. manages the Company's operations. The Company also owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks, such as bauxite, phosphate and fertilizers. The Company has a fleet of 12 vessels, including Kamsarmax drybulk carrier, Panamax drybulk carriers and Handymax drybulk carrier, Intermediate containerships, Handysize containerships, and Feeder containerships

Other Shipping Stocks to Buy:

DryShips (DRYS)
Globus Maritime Limited (GLBS)
Seanergy Maritime Holdings Corp. (SHIP)
Genco Shipping & Trading Ltd. (GNK)
Sino-Global Shipping America, Ltd. (SINO)
Eagle Bulk Shipping Inc. (EGLE)
Scorpio Bulkers Inc. (SALT)
Rand Logistics, Inc. (RLOG)
Global Ship Lease, Inc. (GSL)
Navios Maritime Partners L.P. (NMM)
Diana Containerships Inc. (DCIX)
Top Ships Inc. (TOPS)
Navios Maritime Holdings Inc. (NM)