“We are thrilled to bring such an innovative product to the market, allowing investors to participate directly in the exciting world of dry bulk shipping,” John Kartsonas, Founder and Managing Partner of Breakwave Advisors LLC, said in a note. “Freight futures have historically exhibited strong cyclical returns, but for most investors it has been a very hard-to-access market. For the first time, through BDRY, a wide range of market participants can now directly access the dry bulk market using a simple, transparent, equity-like investment product.”

Shipping Is a Vital Component in Global Economy

Shipping is a key part of the global economy and an integrated part of commodity trading, covering many widely used resources like crude oil, iron ore and coal, among others.

China dominates the demand side with over 80% of incremental seaborne volumes going to China over the past decade.

“Dry bulk shipping is an essential part of the global commodity markets and a major beneficiary of infrastructure spending,” Kartsonas added. “A highly cyclical industry, dry bulk shipping is in an upturn again following several years of underperformance, in a strengthening commodity environment supported by improved industry fundamentals.“

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