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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) was down 0.3% to $3.78.
  • Eagle Bulk Shipping(EGLE) dropped 5.6% to $3.72.
  • Diana Shipping(DSX - Get Report) fell 1.2% to $11.71.
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    EXM $0.00 0.00%
    EGLE $6.03 0.00%
    DRYS $0.20 0.00%
    DSX $7.09 0.00%
    GNK $3.50 0.00%


    Chart of I:DJI
    DOW 17,084.49 +33.74 0.20%
    S&P 500 2,014.89 +15.91 0.80%
    NASDAQ 4,830.47 +19.6820 0.41%

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