Shipping Stocks That Soared After the Election Have Now Tanked

Shortly after President Donald Trump was elected on Nov. 8, the stock prices of a slew of shipping companies soared by more than 1000 percent on hopes that commodity prices would rise and U.S. manufacturing would rebound

Saudi Oil Shipments Soared Ahead of OPEC Production Cut

Saudi Arabia’s crude exports surged to a 13 1/2-year high in November, just before it led global producers in restricting supplies to curb the worst glut in decades.

Apr. 7 BDI soared to 517 points

Due to the rapid rise in the demand of Capasize carriers and the increase in all kinds of ships’ activities, BDI climbed 17 points to 517 points on Apr.7 (Thu.).

Jun.17 BDI soared to 725 points

Supported by the increase in the freight rate of all kinds of bulk carriers, BDI soared by 44 points (6.46%) to 715 points on Jun.17 (Wed.), which was the 7th consecutive daily rise.

Jan. 13- BDI saw sharp rise for BCI soared

Rate for Capesize vessels began to surge from this Monday, driving BDI to gain for second day in this week...