BDRY & company?

BDRY is an ETF that attempts to track the Baltic Dry index. It does so by purchasing %'s of future category indices and T-bills

For some reason, BDRY is up over 7% today.

The “& company” part refers to this new development. A financial firm, US Global Investors, is trying to revive the former Shipping ETF (SEA)…

Well, so not direct competitors since BDRY focuses on dry bulk indices, and SEA will be shipping companies (so other categories of shipping come into play.

The above article also mentions another shipping-related ETF - BOAT.

Quick look at BOAT holdings would suggest it would be more like SEA than BDRY.
The current Top 10 holdings seem to be container shipping names.

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