poor&unemployed

The Gurus and the Little-Known Shipping Metric

Are others like SECOR and OSG even remotely correlate to BDI? Like I have stated many times on this board, taking BDI seriously is like asking NAR on the housing sales.

Can someone explain the related party charters affecting BDI?

eg. A large charterer has a panamax on longterm charter at $50k/day. When that vessel is chartered to his related company at spot market rate of $30K / day - is that a real rate while number of other vessels are willing to do the business at $10K or less.


On Jun 15 10:48 AM bdp1ConsultingLtd wrote:

> DSX has ties to the Baltic Dry Index, but its ships are mainly hedged
> out on timecharters now so the relationship is not day to day. TBSI
> may have ever so slight relationship if its multipurpose ships find
> their way into the spot market. But the others are not impacted by
> the Baltic Dry Index.
>
> There are also a group of tanker indices published by the Baltic
> Exchange which you might investigate.
>
> Barry Parker

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.