Losses shrank q/q; improving results in 4Q could driveshare price rebound 3Q13 result and mgmt call takeaways in line,turnaround of terminal business a major positive Slight earnings miss, interbank activities still active Mid October steel output slows further Mixed signals - improving asset quality butdeteriorating NIM Q313 loss narrowed, better Q4 outlook 3Q13 results beat expectations and could drive short-shortcovering Daily Dry Freight Report Daily Tanker Report Slower growth given uncertain macro backdrop