Stock exchanges see major listed carriers go red
Stock-listed carriers take a beating across the board in the nervous global capital markets. Growing fear of insolvencies in Japan while the New York Stock Exchange sends the major dry bulk players tumbling.
BY OLE ANDERSEN
The severely struggling listed dry bulk carriers across the globe were also pulled down with Monday's dramatic slide on the stock exchanges. The negative developments among shipping shares, for which investors are already lukewarm - even for tanker carriers - continued on Tuesday on the Tokyo Stock Exchange where bankruptcies at the two dry bulk players Daiichi Chuo Kisen Kaisha and Sanko Steamship have spurred fears of additional carriers filing for receivership.
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