poor&unemployed

The Baltic Dry Index Gets Moving

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It is not a poorly stated sentence. It is lack of understanding. IMHO unless someone who can explain what BIFFEX stands for, should not be writing about BDI. Now go figure that! Let me know what useful information you need about shipping industry and I will try to give it if time permits.

Most if not all the publically held shipowning companies have defaulted on the mortgages. They are living on a borrowed time like any homeowner, who hasn't made a mortgage payment for six months and has received foreclosure notice from a bank. Exact date when he would be evicted is not known but one thing for sure, he will get evicted sooner than later.

This is not a negative comment. It is a made to warn the unsuspecting investors. Cheerleading should not be a oneway street, when it involves people's hard earned money. I do not have anything to sell or anything to gain. Check my other comments - they are consistant.

On Apr 14 12:40 PM auto44 wrote:

> Poorly stated sentance dosen't mean the author dosen't understand
> the subject. Expert? I guess you are one!!!!!!! How about some useful
> information then. Anyone can produce negative comments.

The Baltic Dry Index Gets Moving

The Baltic Dry Index, an index that follows the cost for cargo and goods traveling by sea.
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Another EXPERT giving opinion on BDI without knowing the underlying components.

God help America!

SEA: Stable Returns in a Choppy Market?

Investing in shipping sector is not as simple as it sounds. Most of the time people are swept with the tide and confuse it to understanding the business.

Shipping is similar to real estate - floating real estate.

Sectors include - raw materials, construction, residential, commercial, leisure, homes, apartments, rental buildings, malls, office buildings, warehouses, land, management, brokers, insurance, .... virtually every sector in real estate has a peer in the shipping.

CNBC labeled SSW’s stock movement the “Christmas indicator” due to the high percentage of consumer items that are transported by the company. _ THEY HAVE NO IDEA WHAT SO EVER ABOUT WHAT THEY ARE TALKING! MAY BE THEY HAVE NOT HEARD OF COSCO, AP MOLLER (MAERSK), HAPPAG, HAMBURG SUD, CMA-CGM, HANJIN. THESE COMPANIES CARRY/CONTROL MOST OF THE CONTAINERS IN THE WORLD.

Seaspan vessels are leased to above players on contracts like many other. Many of Seaspan vessels are on lease back deals. They purchased the old vessels from likes of Maersk and leased them back for a few years. (it is opposit of lease to purchase)

COSCO, MAERSK, HAPPAG, EVERGREEN reflect on actual container cargoes.

IMHO - SEA is a vehicle to unload shipping shares to unsuspecting investors.

Look at the bath this sector has taken in past 6 months.