The Breakwave Dry Bulk Shipping ETF (BDRY) declined by 10% this week. Capesize rates and capesize FFA values have fallen by a large amount. Overall, the sharp decline and volatility in capesize rates has been normal; such a decline often ultimately occurs after spot vessel availability has experienced sudden extreme tightness as has been seen …
The post BDRY Correction This Week first appeared on Hellenic Shipping News Worldwide.