It was a week when dry bulk rates went one way — up — and New York-listed bulker equities headed the other.
Investor anxiety over waning US stimulus activity and Covid-19 spread overcame even the highest Baltic Dry Index (BDI) level since 2010 and capesize rates approaching $50,000 per day for the first time in a decade.
That sent dry bulk equities under the coverage of investment bank Jefferies into a one-week declined of 2% on Friday, nearly mirroring the 2.2%
