Dry bulk stocks best performers in 2017

Dry bulk stocks best performers in 2017

Dry bulk equities have recorded the largest gains of all the shipping segments over the past month, indicating, what Alphabulk describes in its latest weekly report as “added confidence in the market going into 2017”.

“Although asset values and spot rates were flat or down over the past month, shares for the five largest bulk listed entities have risen nearly 15% over the last four weeks,” Alphabulk noted.

In contrast to the stocks, the average sale and purchase value of bulkers over 35,000 dwt has risen just 2% over the past month, while the Baltic Exchange Dry Index is down by 12%.

A recent report by Norwegian securities house Pareto shows Golden Ocean Shipping and Diana Shipping saw the biggest gains, at over 20%.

In a poll being carried at the moment by Splash dry bulk was ranked as the second best prospective sector in shipping for 2017 after LNG. The poll, results of which are due in the next issue of Maritime CEO magazine, looks at prospects for all sectors in shipping in 2017, it has no need for registration and takes just two minutes to fill in. Have your say by clicking here.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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