Something good for global sea transportation is happening in China. For a few months in a row the imports of iron ore have been growing quite strongly; similar situation is in other sectors as well.
Due to that improvement the rates in bulk shipping are on the rise - this can be seen in the behaviour of the Baltic Dry Index (BDI). Yesterday BDI broke out above the resistance line at 1150.
This is a bullish sign for the prices of dry bulk transportation companies (and maybe for some others, e.g. container carriers). The pattern is that BDI goes first and stock prices of dry bulk carriers follow it after some time.
Below is the chart:
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