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August 28, 2008 10:40 AM EDT
Maxim Group upgraded several dry bulk shippers this morning:
- Excel Maritime (NYSE: EXM) from Hold to Buy
- Eagle Bulk Shipping (Nasdaq: EGLE) from Hold to Buy, and
- Genco Shipping (NYSE: GNK) from Hold to Buy.
Excel Maritime Carriers, Ltd., a shipping company, engages in the ownership and operation of bulk carrier vessels.
Eagle Bulk Shipping, Inc. provides ocean transportation services for various major and minor bulk cargoes.
Genco Shipping & Trading Limited engages in the ocean transportation of drybulk cargoes worldwide through the ownership and operation of drybulk carrier vessels.
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