Dry bulk and container freight rates set to stay elevated this year, say industry players hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Investors snap up Maybulk shares, trading volume swells to record high
Shares in Malaysian Bulk Carriers Bhd (Maybulk) rose to a three-year high in active trade, tracking rising dry bulk freight rates currently at their 11-year high.
Maybulk shares rose as much as 11 sen or 15.17% to 83.5 sen today, with trading volume surging to a record 135.7 million almost 14 times its two-month average of 9.78 million shares.
On market close, the stock pared a little of its gains to close at 82 sen, still up 9.5 sen or 13.1%, valuing the dry bulk carrier at RM820 million. The counter has gained over 50% since the start of the year.