The Baltic Dry Index, an index covering dry bulk shipping rates, fell to 5,026 a large and rapid drop from its peak of11,793 in May.
All the dry bulk shipping companies, including my favorites like Genco and China COSCO, have dropped along with the BDI.
That drop won’t last and the dividend yield on thoseshippers are extremely attractive now. Genco, for example, is now showing a 9.7% dividend yield.
- China COSCO profit doubles China COSCO, the largest shipper in Asia, more than doubled itsprofits in the last quarter. In particular, COSCO said its...
- China COSCO gets cheap! If you live near the Pacific Ocean, you’ve probably seen hundreds of China COSCO’s ships in harbors. China COSCO fell...
- New ship orders fall by 50% in China China is the world’s third largest shipbuilder but says that it expects new orders to drop by 50% this year....
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