More like 15%, bdi down,other not very bullish news. Grin and bear it time and hope for stronger world growth especially in China. Badly need some good news.Rates are expected to rise in April per GE . I bought more shares at 4.15 so not a happy camper to say the least.
DRYS is in a much better capital position than last year but rates still need to rise significantly and stay up and ORIG, deep water drilling demand/outlook needs to strengthen for pps to take off. We have gotten hit with a double whammy this year, downgrades of the deep drilling sector and the crash of the BDI. The horror, the horror !