Shipping stocks soar as the Baltic Dry Index rates rise after declining for 32 consecutive sessions and after hitting a 25-year low on February 1
The Baltic Dry Index rose 1 point overnight to 648, breaking a 32-session losing streak. Capesize rates continued declining and are now 84% lower from December 12 levels.
Related dry bulk shipping stocks include: DRYS, DSX, EGLE, EXM, GNK, NMM, PRGN, SB, TBSI, ULTR, SINO, SBLK, FREE BALT, GLBS. Leaders include: TBSI +22.0%, FREE +13.3%, EXM +11.7%, DRYS +9.6%, PRGN +6.5%, GNK +5.8%, EGLE +5.1%, NM +4.1%, DSX +3.0%, NMM +2.5%. |