DryBulkers Shrug Off China Data, Look to Extend Streak
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Dry bulkers are up again on the session as the Baltic dry index continues its march higher.
According to the latest market data, the Baltic dry index rose 0.8 percent to 1,129 today, its fourth consecutive day of positive gains.
Recent concerns have hit the segment after China reported an unexpected drop in exports earlier this week. On Wednesday, China said overseas shipments fell 3.1 percent in June, with estimates looking for a gain of 3.7 percent.
Moving on the session today include names like DryShips (Nasdaq: DRYS), Navios (NYSE: NM), and Capital Product Partners (Nasdaq: CPLP) up today.
According to the latest market data, the Baltic dry index rose 0.8 percent to 1,129 today, its fourth consecutive day of positive gains.
Recent concerns have hit the segment after China reported an unexpected drop in exports earlier this week. On Wednesday, China said overseas shipments fell 3.1 percent in June, with estimates looking for a gain of 3.7 percent.
Moving on the session today include names like DryShips (Nasdaq: DRYS), Navios (NYSE: NM), and Capital Product Partners (Nasdaq: CPLP) up today.
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