RE: Baltic Dry index"...If the baltic was ready explode DRYS would be trading a little higher. (they do have other issues)
https://finance.yahoo.com/q?s=drys ..."
Yes, they do have other issues. And that is why DRYS currently probably isn't the best representative of the dry shippers. Paragon (
PRGN ) is probably among the healthier dry shippers these days.