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.

Photo: PR-foto

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs