BofA Downgrades Ocean Shipping and Drybulk Companies
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BofA downgrades Britannia Bulk Holdings (NYSE: DWT), Genco Shipping & Trading (NYSE: GNK), Navios Maritime (NYSE: NM) and TBS International (Nasdaq: TBSI) from Buy to Neutral.
Navios Maritime Holdings Inc. is a global, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities, including iron ore, coal and grain.
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