When dry bulk shipping rates are very high and someone tells you they’re “volatile,” it’s a euphemism for: Don’t be surprised if they fall off a cliff.
They’ve fallen off a cliff. But on a positive note, the climber hasn’t plunged all the way to the valley. He’s still clinging to the rocks halfway down.
U.S.-listed shares of dry bulk owners followed rates downward Tuesday — but it wasn’t just dry bulk shares, even though they suffered the largest losses. Stocks of tanker owners and, more...
https://www.freightwaves.com/news/shipping-shares-in-sea-of-red-as-broader-stock-market-rises