Singapore Shipping Corporation is the only marine industry stock to have a positive PE.
Good yield of 3.52% and revenue and earnings for past quarters have been improving. CEO has mentioned they will be looking out for potential acquistions. Net gearing ratio is very healthy for a capital intensive company.
Chairman has been buying up shares lately since June.
Thanks for putting this on our radar screen. btw, it's not the Chairman but the CEO who has been doing a lot of accumulation. Today got announcement of another purchase made on 8 July 150K shares at 28 cents.