- Shares of dry bulk shippers fall premarket due to lower rates for capesize vessels, which typically transport 150,000-tonne cargoes such as iron ore and coal
- Knightsbridge Shipping Ltd down 5.2 percent, Navios Maritime Holdings Inc down 5 percent, DryShips Inc down 2.8 percent
- Baltic’s capesize index falls about 8.4 percent
- Rates also pull Baltic Exchange’s main sea freight index , which tracks rates for ships carrying dry bulk commodities, down about 3 percent
Dry bulk shippers: Lower capesize rates weigh on stocks
By: Reuters | Nov 28 2014 at 09:08 AM | Liner Shipping