It is time to buy two Shippers

In spite of what we are hearing on the news, the worlds economies have not come to an end, and as long as international trade exists, we'll need to ship goods between countries. For that we need big boats.

The first big boat company is Nordic American Tanker Shipping Ltd. (NAT)

Nordic American Tanker Shipping Ltd., an international tanker company, owns and operates crude oil tankers. It operates its vessels in the spot market, on time charters, or on bareboat charters. As of December 31, 2008 the company owned 15 double hull Suezmax tankers. Nordic American Tanker Shipping Ltd. was founded in 1995 and is headquartered in Hamilton, Bermuda.

The second is: Navios Maritime Partners L.P. (NMM)

Navios Maritime Partners L.P operates as an international owner and operator of drybulk carriers in Greece. The company engages in the seaborne transportation services of a range of drybulk commodities comprising iron ore, coal, grains, and fertilizers, as well as chartering its vessels under medium to long term charters. As of December 31, 2008, it operated a fleet of 10 vessels, including 8 Panamax vessels and 2 Capesize vessels. Navios GP L.L.C. serves as the general partner of the company. Navios Maritime Partners was founded in 2007 and is headquartered in Piraeus, Greece.

At todays prices:
NAT is $30.50 a share, with a distribution yield of 11.5%
NMM is $9.40 a share and has a 17% distribution yield.

Both of these companies are well funded and should have no problem holding their payouts at the current level and then increasing the distributions in an improved economy.

Current Charts
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July 15th update

Both NAT and NMM are moving higher.

NAT closed today at $31.86, or 4.5% higher than the buy point. It is still a buy.

NMM closed today at $10.20, or 8.5% higher than the buy point. It is still a buy.