In an alert issued Monday morning Erik Nikolai Stavseth of Arctic Securities reminded clients that the other segments in which the Nasdaq-quoted operator is active are still suffering.
“Despite the improved market for crude tankers, the majority of DryShips’ business is still struggling within a challenging market,” the forecaster explained.
“Both the dry-bulk and drilling markets are currently facing headwinds, and we do not see any near-term improvements [on the horizon for either sector].”
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