Maybulk to shine with high bulker rate


  • Business
  • Saturday, 07 Feb 2004

SHIPPING company Malaysian Bulk Carriers Bhd's (Maybulk) forward earnings are expected to see upward surprises, propelled by record high freight rates.  

“Maybulk is the best bet to ride the buoyant market as 45% of its expected current year revenue is derived from spot bulker rates,’’ CIMB Securities wrote in its recent report on the company. 

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