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October 2013

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Is the shipping sector returning to glory?

October 14, 2013 – Comments (8) | RELATED TICKERS: DSX

It’s been pretty dim for the shipping industry since 2009 and one sector that has lagged in the recovery epically shippers associated with the BDI. However, the recent rise in shipping rates has me scratching my head and wondering is this going to be a yoyo or something that will be trending higher. If the increase rates (hold or move higher) this could be great news going forward especially in 2014 when you’ll see the true results in quarterly earnings if the BDI continues its current path.   [more]

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