“BDI” and We Don’t Mean the Index

Leave it to Peter G. Current thinking suggests that the investing world is trading dry shares as a proxy for the BDI. So what does Peter G do? Through his dry bulk operating company, Genco Shipping and Trading (“Genco”) he forms a new subsidiary called interestingly enough, Baltic Trading Limited (“Baltic”) The goal of the new venture is to provide shareholders with the opportunity to invest in a company with a strategic focus on the drybulk spot market, which utilizes little to no leverage and seeks to distribute regular dividends based upon earnings. 

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