Baltic Dry Index Closes 2.7% Higher, Capesize Leads the Way (DRYS) (PRGN) (ESEA)
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DryShips (Nasdaq: DRYS) may be in for a stronger session following new Baltic Dry Index market data.
The BDI closed up 2.7 percent -- or 25 points -- to 965 points in London. Of the total, Capesize rates improved 6 percent to $15,422 per day, Supramax was up 0.5 percent to $6,822 per day, Handysize fell 0.4 percent to $5,911 per day, and Panamax dropped 0.3 percent to $5,772 per day.
Shares are flat in early trading. Peers like Paragon Shipping (NYSE: PRGN), Euroseas (Nasdaq: ESEA), FreeSeas (Nasdaq: FREE), Eagle Bulk (Nasdaq: EGLE), and others might also see some movement on the session.
The BDI closed up 2.7 percent -- or 25 points -- to 965 points in London. Of the total, Capesize rates improved 6 percent to $15,422 per day, Supramax was up 0.5 percent to $6,822 per day, Handysize fell 0.4 percent to $5,911 per day, and Panamax dropped 0.3 percent to $5,772 per day.
Shares are flat in early trading. Peers like Paragon Shipping (NYSE: PRGN), Euroseas (Nasdaq: ESEA), FreeSeas (Nasdaq: FREE), Eagle Bulk (Nasdaq: EGLE), and others might also see some movement on the session.
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