Buying DRYS and Some Coal Names
JPM notes the Surging week over week daily earnings on Dry Bulkers:
(Capesize daily earnings rose 122% w/w to $15.4K/day for the week ending August 15. Panamax daily earnings rose 42% w/w to $4.6K/day. Supramax/Handysize index rose 9%/5% w/w.) “Driven mainly by higher coal shipping demand from India China and Europe”.
We are buying DRYS and some coal names. Good Luck!
**other names we LOVE include BALT SBLK in the shippers
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