Scorpio Bulkers shares rocketed

CEO Emanuele Lauro led bulker and tanker owner Scorpio Bulkers shares rocketed 15.8% to close at $5.85. Most analysts believe in 2017 will be a more optimistic for dry bulk carrier market.  Scorpio Bulkers shares upgraded to “buy” from “hold” by Deutsche Bank analyst Mehrotra who believes the bulker market bottomed in 2016. Deutsche Bank analyst Mehrotra sees these dry bulk stocks are “undervalued”. Other US listed shipowners stocks rocketed like Star Bulk Carriers from rising 11.2% to $5.68 and Diana Shipping gained 9.3% to close at $3.30.