Dry bulk shares took control of the shipping space in New York on Wednesday on the strength of a rates revival, higher iron-ore prices and perhaps a squeeze on short interests in the long-suffering stocks.
The gains in several cases were lusty, with Genco Shipping & Trading soaring 20%, Eagle Bulk Shipping gaining 19% and Diana Shipping rising 18%. Most of the dry stocks notched trading volumes two or three times the norm.
