Recent recovery of the much-watched Baltic Dry Index can be summed up in three words, Navios...

|About: Navios Maritime Holding... (NM)|By:, SA News Editor

Recent recovery of the much-watched Baltic Dry Index can be summed up in three words, Navios Maritime (NM) president Ted Petrone says: "China, China, China." With widespread speculation that the Chinese are just topping off their stockpiles, and with the country's ports in bedlam, few believe the rally has much more juice.