coprophagous

3 Shippers Buoyed by Positive Movement from the Baltic

The three stocks you mentioned are not in the dry bulk trades, two are tanker companies and one is a US domestic shipping company.
Also the BDI is totally unrepresentative of the overall dry market as it was represented by a very few actual fixtures.
The majority of dry bulk ships in the medium and large sizes are losing their shirts as rates if available are barely covering running costs and making no contribution to debt.
The Chinese outlook continues to worsen with manufacturing in Southern China off 50% from last and projected to drop another 50% in 2009.
Demand for steel is down dramatically and China is reducing its steel exports as the world steel markets have collapsed.
Expect all the dry cargo companies to struggle to stay solvent with many going bankrupt in the first quarter of 2009.
Tanker stocks will take a severe hit in Q1 2009 as rates decline sharply in response to reduced production and lower demand and delivery of new ships.