cos1000

Staying Afloat: A Primer on the Shipping Industry

A good primer.... thanks for the effort. A follow up on some companies that fit your conclusions going forward would move your writings from being just a teaser to a paid subscription as WACG has pointed out. Shouldn't be too hard to pick a winner with the BDI index being what it is and your obvious understanding of the industry.....

Will All Shipping Companies Suffer Equally?

vatexes645

Good point. FRO only has 8 vessels out of their 76 that are capable of transporting ore, O/B/O types, 10.5% of their fleet. SFL has 8 of their vessels being O/B/O types and only 1 dedicated Dry Bulk vessel, of their 58 vessel fleet or the potential for 15.5% of their business effected by dry bulk rates. Using the happenings of the BDI, BPI, or BCI to explain the quarterly results of these companies is only as effective as the percentage of their business participating in this type of transport IMHO. Reporting on the effect of the oil transport industry for both of these companies would seem to be more meaningful, with dry bulk sprinkled in as a punctuation mark of the economic downturn for this sector in general..

Tanker Stocks: Bargains Here?

I've got to tell you that finding good information on the variety of shipping models out their is tough to do, ie, oil shippers, vs dry bulk, vs containers. So as a new investor to this industry (NM), only a 1000 shares to learn my lesson, I appreciate any article that gets the conversation going.

Just listening here to the variety of knowledge and varied experiences is helpful, (although some may be bored). So Let the guy give his view and let me continue to listen to you guys/gals tear him up. It's all relative to wherever your at in the learning curve.

I'm more into "dry bulk" because you have to pay the shipping if you need the "goods", and less liability for on/off shore mishaps. DRYS, NM, DSX are of interest