GMR General Maritime Corp. New Common Stock

Shipping companies of all types could be in for a rocky fourth quarter. Drybulk shippers continue to negotiate a massive oversupply of ships, while oil transporters and container shippers face a downturn in demand. The Paragon Report examines the outlook for companies in the Shipping Industry and provides investment research on General Maritime Corporation (NYSE: GMR) and Horizon Lines, Inc. (NYSE: HRZ). Access to the full company reports can be found at:

www.paragonreport.com/GMR

www.paragonreport.com/HRZ

Earlier this week, an article courtesy of The Financial Times argued that the recent strength in the Baltic Dry Index (BDI) could suggest that fears of an Asian slowdown are overdone. The BDI has risen 52 percent over the last month or two as China has continued to suck in unprecedented quantities of iron ore and coking coal.

There is a danger that the BDI's monumental run could be short-lived, however. Reports from Reuters state that the dry bulk fleet -- responsible for shipping iron ore, coal and other commodities -- is expected to grow 13 percent this year to top a record 600 million deadweight tonnes despite demand rising by just 5 to 8 percent.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Shipping Industry register with us free at www.paragonreport.com and get exclusive access to our numerous stock reports and industry newsletters.

Oil Transporters are also bracing for a downturn in use. In North America and Europe, oil demand is way down. Western countries already were expecting to see declining demand as their economies struggle to grow. Those concerns grew last Wednesday when the U.S. reported unexpectedly large crude supplies and weak gasoline demand.

In the container shipping segment, the outlook is even worse. Sunny Ho, executive director of Hong Kong Shippers Council, warns that the world's container shipping market may remain bleak for the rest of the year, after seeing shipping rates halved in the third quarter as western buyers tighten their purse strings amid growing fears of a global recession. The Shanghai Containerized Freight Index (SFCI) for European routes tumbled 56 percent to an average of $807.86 per 20-foot-equivalent unit (TEU) in the third quarter from $1,842.67 in the same period last year.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.paragonreport.com/disclaimer.

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