DryShips Inc. (DRYS)

All Comments on DRYS

  • commenter
    GFS
    Jun 30 12:10 PM
    Rising Oil and the Future of Globalization: Implications for Transport Stocks [view article]
    Bulkers report daily cost at $6,000 to $9,000. That includes crew, insurance, prorated maintenance, etc,etc,etc. The ships mostly burn bunker fuel, literally the bottom of the barrel. Higher crude cost is a factor but not a big one. Shipping rates are controlled by negotiated charter rates and supply and demand of ships. Actual fuel cost is a smallish factor Reply
  • commenter
    User 219693
    Jun 30 08:55 AM
    Rising Oil and the Future of Globalization: Implications for Transport Stocks [view article]
    didn't mean to send that twice, sorry. Reply
  • commenter
    User 219693
    Jun 30 08:54 AM
    Rising Oil and the Future of Globalization: Implications for Transport Stocks [view article]
    Just because OIL prices go up another 40 some percent, does NOT mean that their costs go up 40 some percent. There are other things involved in their cost and its not a direct correlation at all. If you haven't noticed, the BDI has skyrocketed in the past year. If costs go up, so will the index. Plus there is always the chance they the price of OIL will drop, especially if the dollar rebounds. I completely disagree with your idea that High Oil Prices will negatively affect Dry Bulk Shippers. Have you not watched the BDI and shippers appreciate as OIL shoots up? Shippers trade with the BDI and on momentum, not oil prices. Reply
  • commenter
    User 219693
    Jun 30 08:50 AM
    Rising Oil and the Future of Globalization: Implications for Transport Stocks [view article]
    Just because OIL prices go up another 40 some percent, does NOT mean that their costs go up 40 some percent. There are other things involved in their cost and its not a direct correlation at all. If you haven't noticed, the BDI has skyrocketed in the past year. If costs go up, so will the index. Plus there is always the chance they the price of OIL will drop, especially if the dollar rebounds. I completely disagree with your idea that High Oil Prices will negatively affect Dry Bulk Shippers. Have you not watched the BDI and shippers appreciate as OIL shoots up? Reply
  • commenter
    mariposa
    Jun 30 08:08 AM
    Drybulk Shipping: Prepare for a New Record High [view article]
    Question: with the pressure on shipyard for new builds, will quality slip?
    One major accident due to poor quality control could sink a shipper!
    Generally, though the biggest percentage of my portfolio is in shipping.     Reply
  • commenter
    bones33
    Jun 29 10:25 PM
    Drybulk Shipping: Prepare for a New Record High [view article]
    The BDI will reach new records by Q4.The global demand for resources is growing exponentially.The shipyards will not be able to keep pace.Long DRYS and EXM.The forward PE for these two is below in the 5 range.Add now while still cheap. Reply
  • commenter
    SAMK
    Jun 29 02:34 AM
    Good News For Dry Bulk Shipping [view article]
    I think what one has missed here is that most of the Dry Bulk ships have long time contract. Therefore ,their profit is guaranteed and stocks will go up when their 2nd QR earnings are reported. As mentioned by others - it is true that the stock price is driven by how market is doing daily basis - although the financial of these shipping companies are very strong. Many times stocks are up when BDI is down and vice-versa. No doubt - the shipping industry stocks are highly volatile and will remain like this rest of the year - must be watchful particularly when to get in and and get out. At this time, the long term prognosis is bullish- all the best to investors. Reply
  • commenter
    seabrook
    Jun 28 07:25 AM
    Rising Oil and the Future of Globalization: Implications for Transport Stocks [view article]
    I do agree that the contractee's(traders/e... bear the brunt of the fuel costs...but they too pass these on to the final consumers through the chain of the trade. So it is you and me who finally pay for the increasing Oil price.
    At what point do we say, 'enough is enough', and start to cut back on our consumption., to some extent even to change our food habits. !!...     Reply
  • commenter
    greenjacket
    Jun 27 06:16 PM
    Rising Oil and the Future of Globalization: Implications for Transport Stocks [view article]
    rds1955 - thanks Reply
  • commenter
    rds1955
    Jun 27 04:35 PM
    Rising Oil and the Future of Globalization: Implications for Transport Stocks [view article]
    It's my understanding that most of the Contractee's bear the brunt of the fuel costs... not the shipping companies themselves... this was addressed in the last conference call of Eagle Bulk shippers a bit ago I do believe... Reply
  • commenter
    greenjacket
    Jun 27 12:13 PM
    Rising Oil and the Future of Globalization: Implications for Transport Stocks [view article]
    I own both Seaspan & Eagle and have a profit on both. They both charter out the ships they own.
    Seaspan charters long term (at least 8 years) to major shipping lines sch as Maersk, Cosco, etc. If part of the lease they will aso operate the ships for the line. They have contracts for new buildings and lease outs for the next two plus years. I have two concerns.
    First is there an opt out for existing leases, and opt outs and provisions for cost escalations on new buildings. It is assumed that the shipping line wll pay for any escalation in operating costs (fuel, wages, port charges, etc.)
    In the case of EGLE they have a new buildings program to increase their current fleet by about doube. The new buildings program goes out about 3-1/2 years. Their charters as far as I can tell are bare-boat charters, typically 1 to 2 years.
    For the present I plan to hold SSW to the end of this year and see if they can raise their dividend again. However, also monitor their forward looking statements when they report 2nd Q resuts.
    I agree with 163888 & beezebufo that bulk carriers are going to have a long play. EGLE is my preferred play not only because of the current yield, but as old charters on the current fleet expire they will be able to get higher day rates on new charters. Further their dividend policy is based on free cash flow so that one can expect significant dividend increase.
    Reply
  • commenter
    TKTK53
    Jun 27 12:00 PM
    My Website
    Drybulk Shipping: Prepare for a New Record High [view article]
    Kristian is correct
    Dry bulk has noware to go but up
    Ships are the only way to get the products from one place to another
    And the demand for those products is growing every day
    I purchased more when it took a dip to $12.90. A small price to pay for a stock that was at $16.71 just last month, so going by those figures you could make a fast 13% maybe even by next month
    BUT by holding it and reaping the dividens too you will be a winner
    TERRY TKTK53
    Reply
  • commenter
    Rocky77
    Jun 27 11:02 AM
    Drybulk Shipping: Prepare for a New Record High [view article]
    The points made in the article are well structured and the logic is good. Yet, I feel that if the US gets more and more into inflation -it seems to be the direction and the Fed ain't doing anything about it- the global machine will 'lose momentum' and DryShipping also (in the greater picture) will get seriously affected.

    Two significant events will give us a sneak preview of what lies ahead: the Olympics in August, and the US elections: September & December 2008 are bound to be amongst the most interesting months of the, well..., decade? Maybe     Reply
  • commenter
    JQ
    Jun 27 10:24 AM
    Drybulk Shipping: Prepare for a New Record High [view article]
    Bill,
    the author's point is a record later this year. what happens next year no one knows. but as he points out:
    'The well-known challenge is however the supply side, with a record high orderbook from late 2009 and early 2010.'
    balanced or not, 2008 has been great.     Reply
  • commenter
    billf921
    Jun 27 09:58 AM
    Drybulk Shipping: Prepare for a New Record High [view article]
    supply of new ships will cause rates to crater and when rates crater these stocks can fall 50 % or more.

    the ffa's all indicate lower rates in 2009 so if you think you can be th4e first guy out go ahead and buy.

    you need to add more balance to your article and mention what rates were for the last 30 years and why its different this time     Reply
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