The pessimistic optimist

Drybulk Shipping: Prepare for a New Record High

To quote a term, I think she is spot on. There is already backlog in the shipyards and then drydocking for some co's carriers. As emerging markets are still vying for large shares of iron ore and coal not to mention grains and fertilizers I concur with the predictions. Those ships within companies that are in service will be kept busy. Lest we forget oil double hull tankers and then conversion rigs. Q4 looks promising. I agree that 09 looks cloudy but not bleak. Time will tell