U.S.-listed shippers buoyed by Globus Maritime's upbeat earnings

EuroDry

13/11/2018 17:53

(Updates share movement, adds peers)
    ** Shares of U.S.-listed shippers rose after dry bulk
shipper Globus Maritime Ltd  GLBS.O  posted its first Q3 profit
per share in four years  
    ** GLBS jumps 10.20 pct, Pyxis Tankers Inc  PXS.O  soars 39
pct, EuroDry Ltd  EDRY.O  up 13.2 pct 
    ** GLBS says Q3 profit was helped by reducing operational
costs by ~25 pct from the last quarter which did not hamper
operations, utilization of the fleet  urn:newsml:reuters.com:*:nGNX4tXfzz
    ** GLBS also posts higher Q3 revenue helped in part by
strong demand for dry bulk vessels
    ** Among other gainers, shares of Top Ships Inc  TOPS.O , 
EuroSeas Ltd  ESEA.O , Diana Containerships Inc  DCIX.O  and 
DryShips Inc  DRYS.O  rose between 13.2 pct and 3.4 pct      
    ** GLBS shares cut losses with session's gains but still
down ~25 pct for the year

 (Reporting by Amy Caren Daniel & Shreyashi Sanyal in Bengaluru)
 ((Reuters Messaging:
Amy.CarenDaniel.thomsonreuters.com@reuters.net))