Dry bulk shippers: Stocks fall on lower capesize rates
16 Mar 2015 – Reuters
BUZZ-Dry bulk shippers: Stocks fall on lower capesize rates** Shares of dry bulk shippers down 1.2-5.5 pct
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** The capesize index down 1.59 percent at 372 points
** Average daily earnings for capesizes, which typically transport 150,000-ton cargoes such as iron ore and coal, fell $60 to $3,922
** Reports of laid up capesizes have started to mount and the BDI rates (rates for ships carrying dry bulk commodities) are showing no signs of recovery, Morgan Stanley analysts Fotis Giannakoulis says
** Star Bulk Carriers Corp down 5.5 pct; DryShips Inc down 4 pct; Navios Maritime Holdings Inc down 3 pct; Scorpio Bulkers Inc down 1.7 pct; Knightsbridge Shipping Ltd down 1.5 pct; Safe Bulkers Inc down 1.2 pct
DRYSHIPS INC(DRYS:NASDAQ, US)
0.7256USD![Decrease]()
0.0339(-4.46%)Volume:
0.0339(-4.46%)Volume: Above Average
As of 19 Mar 2015 at 10:05 AM EDT.
QUOTE DETAILS
Consensus Recommendation Provided by Thomson Reuters
3.25
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Strong Sell
Strong Buy
COMPANY DESCRIPTION
DryShips Inc. (DryShips) is a provider of marine transportation services. The Company is the owner of drybulk carriers and tankers that operate across the world. The Company provides its services to dry bulk and petroleum cargoes. Through its owned subsidiary, Ocean Rig UDW Inc., DryShips owns and operates 13 offshore ultra deepwater drilling units, consisting of 2 ultra deepwater semisubmersible drilling rigs and 11 ultra deepwater drillships
