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.
Blake Bos has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.