- 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
Dry bulk shippers: Stocks sink under lower capesize rates
By: Reuters | Dec 01 2014 at 12:09 PM | Liner Shipping