Dry bulk shipping stocks showed strong gains, led by Genco (GNK +12.3%) and DryShips (DRYS...

|About: Genco Shipping & Trading Ltd. (GNK)|By:, SA News Editor
Dry bulk shipping stocks showed strong gains, led by Genco (GNK +12.3%) and DryShips (DRYS +8.7%) as capesize shipping rates have doubled to $7,569/day since Friday. The Baltic Dry Index is up 15% since Friday following recent developments in Europe; many dry bulk shippers are based out of Greece.