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Sea Cargo Charter disclosure report published for the first time by energy, agriculture, mining, and commodity trading companies, disclosing impact of their shipping activities.
Bulk commodity shipping stocks kept rising in May even as the broader market fell, offering shelter from the storm. Not so in June. With few exceptions, dry bulk and tanker stocks that previously held up are sinking. Declines for container shipping stocks have accelerated. Shipping stocks have been “unable to escape the torrent,” wrote Clarksons ...
What happened Since topping out at 3,369 two weeks ago, the Baltic Exchange Dry Index (BDI) — which tracks the prices that ocean transporters can get for carrying cargoes of coal, iron, grain, and other dry bulk commodities — has tumbled 25% in just 16 days. As of today, the index sits at just 2,514. ...
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Brokerages expect Eagle Bulk Shipping Inc. (NASDAQ:EGLE – Get Rating) to post $147.39 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Eagle Bulk Shipping’s earnings, with estimates ranging from $133.73 million to $160.80 million. Eagle Bulk Shipping posted sales of $105.33 million in the […]