Baltic Shipping rate is dropping Freight charge will be reduced further if oil price keep dropping also BullMarket.com wrote: "Some of the price action is related to the ebbs and flows of the Baltic Dry Index, which measures prices charged for shipping commodities. Shipping prices weakened in Q1 in large measure because the big mining companies in Brazil were negotiating iron ore prices with their Asian customers, so shipments declined. But spot prices roared back in the current quarter due to strong demand for iron and coal, two topics we have touched on in the recent past." http://www.investmenttools.com/futures/bdi_baltic_dry_index.htm
My posting is for my own entertainment, do your own DD before pushing your buy/call button
From what I remember, DRYS has been struggling to break out from $83 area, that's why I stopped following it. I think there are better sectors out there.
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