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Excel Maritime stock dives after Reuters exclusive 09.26.2008 Shares of New York-listed Greek shipping company Excel Maritime dropped as much as 26 percent after its CEO told Reuters that the credit crunch is slowing global trade and leaving some cargoes stuck on docks in a Sept. 26 exclusive interview. Already down 7 percent before the Reuters headlines ran, the company’s stock fell as low as 26 percent and wiped out $188 million market value. The Reuters story was cited o CNBC and widely picked up by other media. Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here	firsts across any industry Commodities & Energy Energy, metals, agricultural and environmental markets FX & Money Markets Macroeconomics, monetary policy, FX and money markets Politics & Risk Politics and political risk Equity & Derivatives Companies, sectors, M&A and the financial industry Fixed Income Sovereign and corporate debt, credit, and ratings firsts by region Americas View stories from this region Europe / Middle East / Africa View stories from this region Asia View stories from this region Emerging Markets View stories from this region

Equity & Derivatives

Companies, sectors, M&A and the financial industry

Excel Maritime stock dives after Reuters exclusive

09.26.2008

Shares of New York-listed Greek shipping company Excel Maritime dropped as much as 26 percent after its CEO told Reuters that the credit crunch is slowing global trade and leaving some cargoes stuck on docks in a Sept. 26 exclusive interview. Already down 7 percent before the Reuters headlines ran, the company’s stock fell as low as 26 percent and wiped out $188 million market value. The Reuters story was cited o CNBC and widely picked up by other media.

Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here