Shipping stocks track lower freight rates

Five shipping stocks fell by 0.4% to 3.51% at 9:51 IST on BSE after the Baltic Dry Index, which tracks rates to ship dry commodities, fell 2.10% in London on Monday, 30 September 2013.

Essar Shipping (down 3.51%), Mercator (down 2.3%), Varun Shipping Company (down 2%), Great Eastern Shipping Company (down 0.93%) and Shipping Corporation of India (down 0.4%), edged lower.

The BSE Sensex was down 33.56 points, or 0.17% at 19,346.21.

Powered by Capital Market - Live News