Why Safe Bulkers, Star Bulk, and Danaos Corporation Stocks All Jumped Today

Shares of dry bulk shipping stocks are on a tear this Monday morning. In 11:25 a.m. trading, Safe Bulkers (NYSE: SB) stock is up 10%, Danaos Corporation (NYSE: DAC) is up 10.1%, and Star Bulk Carriers (NASDAQ: SBLK) is leading the whole pack higher with an 11.8% gain.

And why? The "BDI." That's why.

Image source: Getty Images.

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Source Fool.com