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Shipping Stocks: DryShips, Genco

Updated from 11:36 a.m. EST

DryShips (DRYS - Get Report) may have been granted some leniency by Nordea Bank, but investors were not so forgiving the next day.

DryShips and Nordea Bank announced a finalized deal for a covenant waiver on an $800 million loan, but that deal was not enough to lift the stock, which closed down 3.6% to $3.46 Friday.

Elswhere in the sector:

  • Genco Shipping (GNK - Get Report) was the lone riser, up 3.5% to $12.32.
  • Excel Maritime (EXM - Get Report) was down 0.3% to $3.78.
  • Eagle Bulk Shipping (EGLE - Get Report) dropped 5.6% to $3.72.
  • Diana Shipping (DSX - Get Report) fell 1.2% to $11.71.
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    SYM TRADE IT LAST %CHG
    GNK $0.00 0.00%
    EXM $0.00 0.00%
    EGLE $8.54 0.00%
    DRYS $0.69 0.00%
    DSX $6.25 0.00%

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