• Shares of dry bulk shippers fall as companies feel pinch of lower rates for capesize vessels
  • Knightsbridge Shipping Ltd down 10.6 percent, Navios Maritime Holdings Inc down 9.7 percent, DryShips Inc down 9.1 percent, TOP SHIPS Inc down 9.7 percent
  • Average daily earnings for capesize vessels fall to $14,752 per day, their lowest since October 21, 2014
  • Baltic’s capesize index down 5.86 percent
  • Lower rates also weighed on Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities