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In September when we first started to believe the world was at risk of suffering a winter energy crisis, coal stockpiles in China and India (the world’s two largest consumers of thermal coal) had fallen to low levels and remained on the decline. Each nation eventually began to aggressively increase their domestic coal production and ...
The Breakwave Dry Bulk Shipping ETF (BDRY) declined by 10% this week. Capesize rates and capesize FFA values have fallen by a large amount. Overall, the sharp decline and volatility in capesize rates has been normal; such a decline often ultimately occurs after spot vessel availability has experienced sudden extreme tightness as has been seen ...
The Breakwave Dry Bulk Shipping ETF (BDRY) increased by 6% this week. It reached an all-time high of $42.22 on Wednesday before ultimately finishing the week at $39.23. Sentiment has been volatile this week but spot freight rates remain very strong. As we discussed in our client note earlier this morning, China has returned from ...
The Breakwave Dry Bulk Shipping ETF (BDRY) increased by 14% this week and closed at another all-time high. Sentiment has continued to drastically improve following the sudden Evergrande-related panic that was seen two weeks ago. As we have continued to discuss in our weekly reports and client updates, actual dry bulk spot market fundamentals have ...
Share this article A dry bulk shipping exchange traded fund (ETF) has emerged as the top performing ETF in the first three months of 2021, reflecting a strong turnaround for the dry bulk sector. According to ETF.com, the Breakwave Dry Bulk Shipping ETF (BDRY) returned almost 120% in the first quarter, eclipsing the second best-performing ETF, Amplify Seymour Cannabis ETF (CNBS), which returned 66%. Provided by New York-based Breakwave Advisors, LLC, Breakwave Dry Bulk Shipping ETF “provides long exposure to the dry bulk shipping market through a portfolio of near-dated freight futures con...