Marine Link
Tuesday, September 27, 2016

CMB Downgraded By ING Barings

July 3, 2001

ING Barings downgraded Belgian shipping company CMB to "hold" from "buy" because of the poor short-term outlook for the sector. ING said it had also cut its price target for CMB to 85 euros ($72.09) from 100 euros. CMB's stock was off 2.29 percent at 72.50 euros in Brussels morning trade. "Interest in the stock was mainly fuelled by speculation on mergers and alliances to unlock hidden value," it said in a research note. "But trends in main tanker and dry bulk businesses are presently on the down side." - (Reuters)


Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News