Dahlman Rose & Co. Issues Maritime Industry Report ( ANW, BALT, DSX)

Dahlman Rose & Co. released a maritime industry report stating that the very large crude carriers' (VLCC) values will continue increasing, which informs the analysts' positive industry outlook. New VLCCs are now valued over 20 percent higher than in the beginning of 2010. The Marine Money Conference was held in New York last week and the companies' representatives announced their confidence in the recovery of oil demand, which would lead to an increase in crude oil transport. The analysts are also expecting that a price decline in iron ore could have a positive impact in the last quarter of 2010. The company set new target prices and buy ratings for several maritime transportation companies. For example, the new target prices are: Aegean Marine Petroleum Network, Inc. ANW $39.00, Baltic Trading Limited BALT $18.00, and Diana Shipping Inc. DSX $22.00