Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
The shipping sector in Europe experienced a strong performance, with several companies showing significant gains. BELCO rose by 4.5%, HSHP by 4%, MPCC by 3.5%, HAUTO by 3%, and FRO by 2.5%. Additionally, the Capesize index saw a notable increase, ending the week up 4,000 points to 19,200, with a 7% rise. Tankers also performed well, with HAFN rebounding nearly 5%. Dry Bulk showed strength, with FFAs up over 3% and GNK gaining 6% post-earnings. The Cape FFAs saw an increase of 800-1000 for November and December, and a prompt curve rise of 5-8%, indicating a robust market. Specific routes also saw gains: Brazil/China +5%, China/Japan RV +5%, and Transatlantic RV +6%.
(US) Select Premarket Movers: Upside: -LICY +41% (earnings, guidance) -DOCS +34% (earnings, guidance) -FTRE +33% (earnings, guidance) -INOD +31% (earnings, guidance) -INDI +22% (earnings, guidance) -LITE +22% (earnings, guidance) -FIVN +21% (earnings, guidance) -UPST…
Stronger for Capes lately amidst decent volumes and thinning tonnage list. A very nice day for our FFAs, with the prompt curve +5-8% Capesize index +7% to $19k/d Brazil/China +5% to $16k/d China/Japan RV +5% to $20k/d Transatlantic RV +6% to $16k/d #DryBulk #shipping https://t.co/PuCRa504uL
The Capesize index rebounded this week, ending up 4,000 to 19,200. $NMM $SBLK $BDRY $HSHP $GOGL $GNK $PANL $SB $SHIP
