Drewry: Shipping earnings down 25 percent

Analyst agency Drewry's All Earnings Index continues to dive across segments. The index declined 25 percent in September.

Drewy's earnings index, which covers all cargoes from wet to dry, dived 25 percent in September, down to 115 points.

The massive decline follows in the wake of similar developments in August for the tanker and LPG carriers. The drop in Drewry's All Earnings Index would have been significantly bigger if not for a still-rising trend in the dry bulk market due to iron ore and coal, according to the analyst agency.

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