‘Astronomical’ gain for dry bulk shipping but rally looks fleeting

chart of dry bulk shipping stocks vs. BDRY ETF

Dry bulk shipping is the world’s largest ocean shipping market by volume and boasts the world’s largest freight futures market. After spending most of this year on the sidelines, dry bulk shipping is suddenly back in the spotlight again.

Spot rates have gone parabolic over the past four weeks. Freight futures trading has been frenetic. Dry bulk stocks are up double digits.

A week that shipowners ‘dream of’

Rates for Capesizes — larger dry bulk vessels with capacity of around 180,000 deadweight...


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