Florida boutique bank Noble Capital has dropped analyst coverage on half of the eight shipping names in its portfolio.

Noble equity analyst Michael Heim announced on Friday that the bank will no longer provide research on dry bulk owners Genco Shipping & Trading, Pangaea Logistics Solutions and Grindrod Shipping, plus product tanker specialist Pyxis Tankers of Greece.

Other shoe dropping

It continues to follow bulker owners Eagle Bulk Shipping, Seanergy Maritime and EuroDry, as well as container ship owner Euroseas.