According to Ziad Nakhleh, CFO of DryShips (NASDAQ: DRYS ) , "The bull market is just around the corner." It's DryShips' position that the global market for shipping rates is poised to escalate in 2014 and 2015. Diana Shipping (NYSE: DSX ) appears to feel the same way. When the much more conservatively operated Diana Shipping agrees with anything optimistic reported by DryShips, investors should listen.
Why it even mattersAccording to Nakhleh, DryShips is "well positioned" to take advantage of rising rates by allowing its fleet to operate based on the daily fluctuating spot rates. For this reason, it's obvious why the volatile short-term rates matter to DryShips. DryShips gives