• Shares of dry bulk shippers down 1.2-5.5 pct
  • 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