Tag: Equity
Drewry: Dry Bulk Equity Index Down 15.2% This Year
The Drewry Dry Bulk Equity Index dropped 15.2% YTD as a 28.5% slump between March and May was more than enough to offset an 18.4% jump in the first two months of 2023 and a 5.7% gain in June and July. Sell-side pressure in the aftermath of the banking crisis, a contraction in China’s manufacturing…
Drewry: Container Equity Index Up 10.4% in July
Container shipping equities have started recovering after significant declines in 2Q23, anticipating an uptick in demand with the peak season’s arrival, albeit later than historical standards. The Drewry Container Equity Index increased 10.4% in July (as of 21 July 2023), but due to the 24.0% decline in 2Q23 (vs 1Q23: +11.3%), the index fell 6.7%…
