Debt ReductionThe sale of an older ship has reduced debt and operating expenses, positively impacting financial forecasts.
Financial PerformanceAnalyst recommends maintaining a Buy rating and increases the price target to $12, indicating confidence in the company's future performance.
Free Cash FlowPotential for generating free cash flow could allow the company to acquire more ships, maintain its dividend, or reduce debt.
Market DemandGuinea's significant increase in bauxite exports and Brazil's iron ore prices support resilient demand for SHIP's services.