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BDI to help shipping stocks continue to be strong

Source: Internet
Author: User
Keywords Continued strong shipping rally
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Hong Kong's dry-bulk shipping stocks rallied to the strength of the Baltic Dry Bulk Shipping Index (BDI), which rose 11.5% per cent to 4,106 points yesterday, up 131.7% per cent in the past 22 trading days.　　Kelvin Yim, of state-Ho Capital, said BDI is expected to continue the rally in the short term as China continues to import iron ore, but advises investors to sell shipping stocks at high prices because it is hard to predict when the current strength will end, fearing that a glut of ships could lower the index in the second half. Pacific Shipping (02343-HK) rose 12.39%, China Ocean (01919-HK) rose 5.28%, and the Chinese Ocean Development (01138-HK) rose 8.74%.

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