• 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