Dry Bulk is Soaring!
Spot rates are roaring to new highs even as concerns about 'trade wars' intensify. I've recently taken profits and hedged several positions due to concerns here, but dry bulk is doing much better.
Chinese tariffs against soybeans? This might open up new triangulation trades between the US, South America, and China, arguably boosting demand for these vessels.
Furthermore, China is responding by instilling a major domestic stimulus plan which includes heavy infrastructure spending - benefiting the coking coal and iron ore trades. Adding gasoline to an already lit fire!
Dry Bulk Firms
Some of the companies in the dry bulk sector include: Scorpio Bulkers (SALT), Diana Shipping (DSX), Star Bulk Carriers (SBLK), Dry Ships (DRYS), Eagle Bulk (EGLE), Genco Shipping (GNK), Safe Bulkers (SB), Navios Maritime Partners (NMM), Navios Maritime Holdings (NM), and Seanergy Maritime (NASDAQ:SHIP).
Want to compare fleet metrics, receive full earnings coverage to include detailed previews and reviews, and find out which ones are both the best trades and the best investments today?