Probably drop $2500 more by years end. Most shipping "investors" don't know what the BDI is let alone TCE, however.
They lowered their breakeven to an average per vessel of $14.5k a day. The cash flow breakeven number is $9.4k a day. It's very doubtful that DSX will lose cash from ops on this cycle. Time to start nibbling again.
Wait until the summer crash for the BDI, the stock market as a whole and shipping stocks especially.