bottoms are tough to pick unless you're an ape, then its socially acceptable, nay, socially required. as is de-lousing.
i think this sector will see more pressure, esp. if the greeks decide to exit stage left of the Eurozone. i expect a ton (i mean a TON) of "sky is falling and earth is ending" kind of fear if that happens. these little dry bulk shippers will take that on the chin.
if you're looking to hold for a long time, then don't sweat it. if you may need to liquidate in the near-term, be advised the volatility is unlikely to be kind.
RIO TINTOS billion ton of iron ore scheduled for the next couple of years will be moved by someone.I wonder how many 200000 ton ships needed to carry a billion ton ron? Shipping stocks hit bottom. Mark my word.