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The dry bulk orderbook is an indicator that investors can track for the longer run, as dry bulk ships generally take one or two years to construct.
In December, the vessel values for five-year and ten-year Capesize vessels dropped to $39.5 million and $27.8 million, respectively.
Toward the end of trading Friday, the Dow traded up 0.53 percent to 17,412.13 while the NASDAQ gained 0.77 percent to 4,605.85. The S&P also rose, gaining 0.78 percent to 2,008.11. Leading and Lagging ...