Shipping Rates Skyrocket: Is It Time to Invest?

The recent rise in shipping rates, as tracked by the Baltic Dry Index, has been nothing short of amazing -- average shipping rates are now up 82% over the last month. If you're an investor in shares of Dry Ships (NASDAQ: DRYS  ) , Diana Shipping (NYSE: DSX  ) , or any other shipper, then you may be wondering why their shares haven't taken off because of the news.

In the video below, Motley Fool analyst Blake Bos discusses the recent rate rebound and brings in some expert opinions on whether or not this rate rally is sustainable. He also looks at the industry over the last 10 years to see if investing in dry bulk shipping is losing bet.

3 Stocks Leaving Shipping in Their Wakes
Every good investor wants to build that perfect portfolio that they can set and forget forever. Fortunately, it's easier than anyone ever knew. We've uncovered the pillars of such a portfolio today and we're willing to share "The Motley Fool's 3 Stocks to Own Forever." Simply stated, we think they're the best stocks for true long-term investors to know about, and you can uncover them for free today, instantly; just click here now.

Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2658782, ~/Articles/ArticleHandler.aspx, 9/29/2016 9:38:42 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 11 hours ago Sponsored by:
DOW 18,339.24 110.94 0.00%
S&P 500 2,171.37 11.44 0.00%
NASD 5,318.55 0.00 0.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/28/2016 4:00 PM
DRYS $0.46 Up +0.02 +0.00%
DryShips CAPS Rating: **
DSX $2.79 Down -0.02 +0.00%
Diana Shipping CAPS Rating: ****