Weakness in both the dry and wet cargo markets made September a month to forget for those investing in shipping stocks. RS Platou Markets show that only 4 companies out of the 35 it covers showed any meaningful increase in their share price.
Bulk of the losers were dry bulk stocks with Navios Maritime down 37%, closely followed by Golden Ocean which ended the month 32% lower. Baltic Trading and Knightsbridge Tankers were also big losers posting month-on-month declines of 27% and 25% respectively.
Dry Bulk Shipping News - Shipbroker Notes