I agree.
The whole sector will make "waves", not just EXM, but we still aren't even close. It's everything you mention that holds us back...and it's times like these that one accumulates.
Of course - it makes me sea sick at times. :) I have a few drybulk carriers.
We tend to move with the BDI and the BDI has been improving, which is in our favor. I wonder if that is a leading indicator of the shift in dry bulks?
"It is in your moments of decision that your destiny is shaped."
~Anthony Robbins