Shipping stocks rise as vessel demand improves

Pyxis Tankers

13/09/2022 18:30

** Shares of shipping cos rise on Tues, bucking a broader
trend, as vessel demand improves
    ** The Baltic Exchange's main sea freight index  .BADI ,
racking rates for ships carrying dry bulk commodities, notched
up its biggest daily jump in seven months  urn:newsml:reuters.com:*:nL4N30K2F0
    ** Eagle Bulk Shipping  EGLE.O  up 7.1% after it expands its
fleet of vessels  urn:newsml:reuters.com:*:nL4N30K2G2
    ** Other dry bulk carriers Star Bulk Carriers  SBLK.O , Safe
Bulkers  SB.N , Diana Shipping  DSX.N , Navios Maritime  NMM.N ,
Seanergy Maritime  SHIP.O , Pyxis Tankers  PXS.O  and Genco
Shipping & Trading  GNK.N  up between 0.8% and 3.6%
    ** Breakweave dry bulk shipping ETF  BDRY.P  up 3.3%
    ** U.S. stocks fall sharply after hot August consumer prices
data  .N 

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))