The downgrade came as Dahlman Rose noted a charter linked to a VLOC newbuilding mayhave been shredded.
GHS analyst NatashaBoyden has relabelled the George Economou-led firm at neutral hot on the heelsof a large third quarter earnings miss.
Boyden, whotrimmed the owner from buy, explains the expiration of “legacy dry bulkcharters” will see dry-cargo become more of a drag on earnings going forward.
