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Eagle Bulk Shipping, six million shares.
There has been a 350% rise in bulk shipping rates in the past two years.
She looked into bulk shipping operations, seaborne freighters — whoever could get the boxes to transfer points in Kuwait or Bahrain.
Jeffrey Landsberg, of Commodore Research, a shipping consulting firm, said that bulk shipping vessels carrying grain to Japan had been able to unload using Japan's undamaged southern ports.
CAI intends to relaunch a slimmer Alitalia next month, after merging its operations with Air One, a domestic rival.Abandon shipThe Baltic Exchange Dry index, which measures the cost of dry bulk shipping, continued to drop.
According to Howe Robinson, a London shipbroker, the fourth quarter of 2003 saw an unprecedented spike in charter rates for bulk shipping, mostly due to a 17% rise in Chinese industrial production.
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STX Pan Ocean, the country's biggest dry-bulk shipping company, jumped 14.9%, to 1,970 won ($2.09).
The dry-bulk shipping industry has been punished by the recent deceleration of global economic growth, which reduces demand for the transport of goods.
It's hard to fathom how far rates for dry-bulk shipping have plunged in the past few months but easy to see how bleak the future has become.
Higher shipping rates, meanwhile, could draw added capacity to the 7,000 vessels that make up the current global dry-bulk shipping fleet, of which 870 are the big capesize units.
The problems in the dry-bulk shipping industry just got worse: With ship values plunging up to 70.0%, a significant number of dry-bulk companies appear to have breached their bond covenants.
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