skipper54

Will All Shipping Companies Suffer Equally?

Forget dividends for a long while.....we are seeing only the tip of the iceberg (and just look what happened to the 'unsinkable' Titanic). The debt being carried by most Dry Bulk Shipowners is simply unserviceable on this market. It is impossible to cover daily running costs yet alone financing costs on ships bought for up to 10 times their current value (if there is such a concept as 'current value' in today's market). The only reason the Banks are not taking some of these companies to the wall is - what the hell are the Banks going to do with a fleet of ships? Sorry for the doom and gloom but this is no longer a case of Optimism versus Pessimism. It is quite simply Realism.