DryShips Inc (fka DRYS)

[Net-Man]

For the last 2.5 years the BDI has been stair stepping higher. With the world economy expanding at a faster relate today, it seems likely that rates will continue to move higher. While the BDI is currently back above 1400 keep in mind this is still about 1000 points lower than the 20 year average. So there would seem to be a lot of room for growth. As long as owners keep to the current pace of newbuilding and scrapping, my guess is by end 2019 all shippers will be priced significantly higher.