tag:blogger.com,1999:blog-2335748440449035592.post4090035332563161967..comments2008-11-04T07:28:55.406-05:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2335748440449035592.post-62980701018202235172008-11-04T07:28:00.000-05:002008-11-04T07:28:00.000-05:00Seems that it is going to take sometime for the dry bulk market to look up,,<BR/>However,,, several New Building orders getting cancelled, buyers not finding funds, yards not able to raise fianance, marine machinery makers with surplus capacity built over the past 4 years or so, under capacity utilisation of China's steel mills, many leading banks having plunged into ship owning business, acute shortage of marine personnel,<BR/>With such pluses and minuses, seems the market will move on it's own,,,speculations may not work for few years,,,<BR/>Whatelse may happen !!!!<BR/>IndianNagarajan Mhttp://www.blogger.com/profile/16710060641747845466noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-39543887937261450962008-11-03T20:21:00.000-05:002008-11-03T20:21:00.000-05:00Couldn't figure why my drybulk shipper PRGN jumped 13% today.. A related article that probably explains why her (RE: DRYS) <BR/><BR/>http://www.forbes.com/markets/2008/11/03/drys-shipping-economou-markets-equity-cx_ra_1103markets28.html<BR/><BR/>Course the Baltic dry is now down to 824 from the value quoted in the article.<BR/><BR/>Based on the Dry Bulk rates, credit freezes and excellent articles by Michael Pettis, outlining the problems with employment and banking in China, I just don't see the world economy picking up any time soon. <BR/><BR/>jeganjeganhttp://www.blogger.com/profile/05850061548373752817noreply@blogger.com