Shipping Stocks: DryShips, Genco

DryShips falls despite a revised loan agreement with Nordea Bank.
Author:
Publish date:

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 was the lone riser, up 3.5% to $12.32.

Excel Maritime was down 0.3% to $3.78.

Eagle Bulk Shipping dropped 5.6% to $3.72.

Diana Shipping fell 1.2% to $11.71.