CMB Sees Promise for the Dry Bulk Industry

For CMB, the Belgian dry bulk shipowner, "The outlook for 2014 and 2015 looks promising," they note to their 3rd quarter earnings report today. It's been an uphill battle though for Bocimar, CMB's dry bulk division. In the first half of 2013, Bocimar had negative net earnings of 9.7 million, yet turned in around in the 3rd quarter with a gain of 5.375 million. CMB … [Read more...]

Prospect Of Higher Shipping Freight Rates Aids Belgium’s CMB

BRUSSELS, Aug 23 (Reuters) - Shares of Belgian dry bulk shipping group CMB rose for a sixth consecutive day on Friday, bringing their gains in the past two weeks to almost a quarter, due to improved market sentiment and the prospect of even higher freight prices. The Baltic Exchange's Capesize Index, which tracks rates for the larger ships which make up more than half of … [Read more...]