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  • The Gurus and the Little-Known Shipping Metric [View article]
    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
    Jun 15 15:08 pm |Rating: 0 0 |Link to Comment
  • Will All Shipping Companies Suffer Equally? [View article]
    Finally -

    www.forbes.com/2008/12...
    Dec 03 22:44 pm |Rating: 0 0 |Link to Comment
  • Will All Shipping Companies Suffer Equally? [View article]
    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.
    Dec 02 12:35 pm |Rating: +2 0 |Link to Comment
  • Are Frontline and Overseas Shipping Worth Another Look? [View article]
    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.
    Nov 18 20:34 pm |Rating: 0 0 |Link to Comment
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