A double-digit fall in capesize bulker rates did not go unnoticed — or unpunished — by US investors as shipowners in the dry-cargo trade led shipping stocks downward.
Shares in US-listed bulker owners suffered an average weekly decline of 5% on Friday, as a benchmark Baltic Exchange index plunged nearly 17% on the week. That helped send the 31 stocks under coverage of investment bank Jefferies to a 1.6%
