poor&unemployed

3 Shippers Buoyed by Positive Movement from the Baltic

Because it isn’t traded, the BDI cannot be moved artificially.
======================...
Do you even know how they calculate BDI?
Do you know which old men decide what the index would be on any given day?
Do you know anything about this business or any other business?

I am surprised they actually allowed you to post here.

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.

Are Frontline and Overseas Shipping Worth Another Look?

What is not cheap? Some of the bluest of blue-chip companies have lost more than 50% of value. We are talking about the companies, which are in US and are accountable to laws and accounting rules.

Try getting any meaningful information from any shipping company. Try to get information on how the worldscale translates into Dollars and cents.

There are too funds which have to invest in the "transports" so some of the money has to go in to stocks likes of FRO and Dryship.

Value of a vessels - New or Old is directly proportional to freight rate. So some of these companies have lost more than 90% of asset value. Much like CDO and other derivatives which brought the banks down due to lack of price discovery, expect the shipping is a ticking time bomb.