Diana Containerships Inc (DCIX)

[l_winthorpe]

I think it is. Shipping has been battered for some time and is now starting to show some life. In addition, the Baltic Index is steadily rising, indication that shippers are able to charge higher prices. In a fixed cost industry such as shipping, a $1 of revenue increase goes straight to the bottom line. Also, we are finally starting to see shipping space inventory shrink as ship builders finish deliveries and there isn't the building frenzy there was before prices collapsed.