Sector-Wise Stock Performance and Trends

• Dry Bulk Shipping Know-How: Probably no companies have had more beneficiaries in terms of increased demand for raw materials than dry bulk carriers such as “Star Bulk Carriers” and “Golden Ocean Group. The companies are building upon these higher commodity prices, specifically for iron ore and coal, through gross infrastructure spending and industrial activity that has come as a result of China's growth. As spending in other economies slows, and as China continues to moderate its growth rate, this business sector likely will be hit more than some of the larger macro trends do in the global economy going forward.