DryShips (DRYS -0.8%) and Paragon Shipping (PRGN -4.7%) are lower on Dahlman Rose's expectations...


DryShips (DRYS -0.8%) and Paragon Shipping (PRGN -4.7%) are lower on Dahlman Rose's expectations that today's pop in the Baltic Dry Index likely will fade as Chinese steel prices are pressured. The firm notes that spot rates for Atlantic Basin product carriers are pulling back on lighter volumes.

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Comments (1)
  • Paulo Santos
    , contributor
    Comments (34791) | Send Message
     
    The recent pop has been fading for more than one month already.
    22 Aug 2012, 02:59 PM Reply Like
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