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  • Top commodity trading and broking companies in India-585.67( -0.72%) 01-Aug-2025
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Sensex 80599.91 -585.67  (-0.72) 01-Aug-2025
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Company News Details

Velox Shipping and Logistics Ltd
Industry :  Trading
BSE Code
ISIN Demat
Book Value()
506178
INE092P01017
10
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
N.A
30.93
13.56
EPS(TTM)
Face Value()
Div & Yield %
0.55
10
0
 

Velox Shipping & Logistics Ltd
Shipping stocks sail higher as Baltic Dry Index hits 8-month high
Jun 13,2025
The Baltic Dry Index (BDI), a global benchmark that tracks the cost of transporting dry bulk commodities like coal, iron ore, and grains, jumped 9.6% to 1,904, marking its highest level since October 7. The rally in BDI reflects strong activity in global trade routes.

On the back of this, Shipping Corporation of India (SCI) (up 5.16%), Velox Shipping and Logistics (up 5%) and Great Eastern Shipping Company (up 2.63%) surged.

A rising BDI typically boosts earnings potential for shipping companies as it directly translates into higher freight revenues per voyage.

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