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SHIP - Why The Breakwave Dry Bulk Shipping ETF May Gain Due To IMO 2020
Seanergy Maritime Holdings Corp
Shipping rates are notoriously volatile with huge swings in both directions. Most recently, the swing has been up. In the past month, the Baltic Dry Index has gained just over 75%. And the Breakwave Dry Bulk Shipping ETF (BDRY), which provides a direct exposure to the daily change in the price of dry bulk freight futures.
And the upswing has a good chance of continuing due to IMO 2020, a marine regulation requiring the shipping industry to burn cleaner fuels, which comes at a cost. And that cost is sure to translate into