Dry bulk shares have shot up in the first months of 2017

Shares in the biggest listed dry bulk carrier, such as Golden Ocean, Norden, Scorpio Bulkers, and Star Bulk Carriers, are skyrocketing on the back of expectations for better days ahead.

Photo: Norden

Investors' renewed interest in dry bulk shares has sent the prices of major listed dry bulk carriers soaring in the first part of 2017, which is now nearing the end of the first quarter.

On Wednesday, the price of a share in John Fredriksen's Golden Ocean was up close to 10 percent on the New York Stock Exchange to USD 7.74 per share following the news that the carrier is buying 16 newer dry bulk vessels in a transaction worth more than USD 412 million.

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