poor&unemployed

The Baltic Dry Index Gets Moving

Auto

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.

Why I Like TBS International

I hope you are still buying GM stock for the same reason. Developers in Miami are also fighting for their survival. How about some condos in Miami? Buy and hold for next 50 years and your grandchildren will have a place for winter vacation. You will save the economy too!



On Apr 10 10:54 PM PeteK wrote:

> We all know that in normal world economy, all these shipping companies
> are Kings & Queens of the Seven Seas.
> Most of these companies were very good and friendly to their share-holders
> in the past. They are fighting for survival right now and we should
> have patience to wait too.

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!

Why I Like TBS International

Greg either you are getting paid by TBS or you are a @#$%%. I would suggest you do little research on TBS and it's management going back to late 80's - early 90's and let me know what you find.

Also, learn little bit about shipping business and let me know the market value of the vessels purchased by TBS about 6 months ago.

Did I hear it right - $38 million dollar 20 year old junks are worth may be 2-3 million now?

How much money they owe to the banks??

Dry Bulk Shipping: Recent BDI Rise Is Heartening

David,

When some of the biggest banks in the world have gone under and more are on the way, do you actually believe China is going to save the day?

First lesson in CAPITALISM - you need capital. Without capital, farms grow weeds instead of corn.

Box trade is at grassroot level in the shipping industry. They have people in every port in the world, who know the expected cargo volumes. Box trade indicates total demand destruction for finished goods, which in turn means no demand for raw materials. Dry bulk vessels carry raw materials (including grain). Movement of BDI over next few months would be similar to movement of Fannie Mae stock. It will not be meaningful.

About BDI - It is not a representation of market when there is no liquidity. When 10 vessels are sitting SPOT and one gets the cargo - it is not a market rate. Large charterers have large holdings of publically traded shipping companies.

Similar to homeowners - if you can not pay the bank - you are out.

Dry Bulk Shipping: Recent BDI Rise Is Heartening

David

There are apples and there are oranges. INDEX AND RATES ARE DIFFERENT. Also, please remember BDI or BCI is not like SP-500 or DJ-30. Daily index is decided by few old men based on REPORTED FIXTURES and not actual contract values.

These are for today:

Baltic Exchange Dry Index 920 (UP 9)

Baltic Exchange Capesize Index 1888 (UP 24)

Daily Summary of the Baltic Exchange Time Charter Routes Rate ($/Day) Change

BCI

Average of the T/C routes $15684 (UP 449)



On Jan 14 09:40 PM David White wrote:

> poor&unemploye... Its actually higher today. The figure today
> was $15684. I just read the charts.

Dry Bulk Shipping: Recent BDI Rise Is Heartening

The Capesize index now stands at 15235??????????????


Another expert who has no clue about shipping or indexes!

Baltic Dry Index Signaling a Market Bottom?

BDI will make all time high by end of 2009, I will be billionaire and media will compare me to Warren.

If not life will go on for this poor and unemployed!

Are the Dry Shippers Value Traps?

Shipping has been around for 100's if not 1000's of years. Show me a single publically held shipping company which is 50 year old!

Try to enforce US laws in Greece!

Will All Shipping Companies Suffer Equally?

Finally -

www.forbes.com/2008/12...

Will All Shipping Companies Suffer Equally?

As the shipping companies cut the divident to "ZERO" and struggle with cash-flow, the investors and speculators will lose interest in shipping sector, shares of all the publically traded shipping companies will drop below one US dollar. Biggest investors - mutual funds would not be allowed to invest in them (due to share price) which will bring in private equity supported by the management.

Senior management will personally own all the vessels within next 5 years. - management 100 - Share holders - Zero.

It's same old game from 90's.

Looking Good: Genco in Particular, Shipping in General

Yeah maybe the ships are devalued and that may not look good on the balance sheet but they still float and they still carry goods and they still produce income. Your new car was worth $10,000 less after you drove it off the car lot but it will still get you to work for the next five years.

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Do you apply the same logic to real estate??? Wanna buy my condo in Las Vegas?

There is no such thing as low debt in Shipping.

Looking Good: Genco in Particular, Shipping in General

"I decided Monday to put in an order for some DryShips stock, since it was trading at $3.54 and a P/E of 0.17 at Friday’s market close - but it’s already too late for the first bounce, because the ask price at my broker was already up above $23."

_____________

THESE ARE NOT IGNORANT PEOPLE. THEY ARE PAID PUMPER!

Looking Good: Genco in Particular, Shipping in General

There is a old saying, which is much ignored by the "Shipping Pundits" - Hindsight is 20/20. Looking at past earnings and dividents of a highly cyclical company is like finding a hot blind date every Saturday.

There are several thousand vessels out there and above mentioned companies collectively own less than 200 of them. If you look at the 90's, you will find that the investors lost the money but the management of most companies went away with big smile on their faces and few vessels in the pockets.

Incidently, back then we had the "Asian Tigers" this time we have our hopes pinned on China.