Baltic Dry up over 200%

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Baltic Dry Index is up more than 200% year to date.  We are now seeing China ( FXI , quote ) restocking  its coal and steel after 6 to 9 months of de-stocking.

[caption id="attachment_58679" align="alignright" width="300"] Image courtesy luisrock62: http://www.renderosity.com/gallery.ez?ByArtist=Yes&Artist=luisrock62 The bulk carrier 'Tupungato' undergoing repairs and re-painting at a shipyard[/caption]

This means - you have legs on this trade which at one point only looked like a "trade".

In other words, ore, steel, and shipper stocks were so beaten up not a surprise to see bounce.


But this is more than dead cat.

I like large cape size shippers here but watch the balance sheets.

Bigger is better...

sg2013092653936



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , International , Stocks

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