I agree, it seems most lost interest before they stated that they are currently leasing vessels, which they are re-leasing for a much higher rate. They own purchase options on the ships for very low strike prices, and that they are a great candidate for growth in good and bad dry bulk markets. If the current rates continue to move up as they should, then they will slowly roll existing charters at lower levels to the higher rates. Can't beat their business strategy, and they have the lowest operating costs in the entire industry.
I think you should re-read the article. They have yet to increase their charter rates, and will do so slowly. Morningstar gives them a buy since a downturn in the dry bulk market, which isn't going to occur for a long while, wouldn't affect them as much, how can you go wrong? Morningstar is saying the NM is their dry bulk choice. At these levels, you should be buying while everyone is in a panic and selling.