SoCalsurfbum

Will 2009 Be the Year of the Bull for Shippers?

Your 3 paragraph commentary tells me you don't understand the industry and are just dipping your toe in... let me give you a hint... your evidence is wrong.

Shipping is driven by only 2 factors. 1) capacity utilization and 2) freight rates. That is it.

Right now there is a glut of capacity that cannot be fully utilized in the coming years so capacity utilization of the ships is way down. By the way they are reporting that 7% of global capacity has been anchored so far, which the companies you want to buy still have to pay for (un-utilized capacity)... and there still is too much capacity. And this over-capacity leads to severly depressed freight rates.

Good luck with your speculative play.