When Will the BIFFEX Turn?

There is loads of chatter in the market these days about the fact that sharp declines we have seen in the BIFFEX are a pure repeat of what we’ve seen in previous years. The subject is particularly relevant for the many dry cargo companies, such as Wexford, Genco Shipping, Quintana, TBS and Eagle, that are planning to do IPOs in the coming months and would benefit from the dry markets regaining lost momentum.

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