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Shipping stocks track lower freight rates

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Capital Market
Last Updated : Oct 01 2013 | 11:55 PM IST

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.

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First Published: Oct 01 2013 | 9:47 AM IST

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