The BDI, aka the Baltic Dry Index broke out to the upside from a long base after huge declines over the last several years. There has been accumulation of the dry bulk shipper stocks for some time as evidenced in the stock charts. There is undoubtedly some short covering going on also.
Look at the BDI numbers here at the DryShips site
I look at the BDI chart at http://ycharts.com/indices/%5EBDIY
The others are DRYS, DSX, and EGLE.
Is anyone listening. If you are you are making money today.