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Note: This article was originally published July 12th onValue Investor's Edge, a Seeking Alpha subscription service.
Overview
2019 is turning into a roller coaster ride on the high seas for dry bulk shipping. It was just over four months ago when Splash247 reported:
Now, the Baltic Dry Index is setting fresh multi-year highs.
Source: stockcharts.com
Here, we take a look at the dry bulk shippers who specialize in transporting cargoes such as iron ore, coal, grain, and other materials around the world. The only ETF for the space is The Invesco Shipping ETF