CD International Enterprises Inc (CDIIQ)

[nokomis]

Iron ore imports by China increasing. CDII could get a lift with the turnaround. EGLE's August earnings transcript included bullish sentiment. "After the drybulk market hit an all-time low in February on the back of sluggish demand and a flood of new building deliveries, rates experienced a material recovery during the second quarter. The improvement in spot market can be attributed to a number of factors, including an increase in iron ore imports and steel exports by China, and grain exports out of the Black Sea and East Coast South American regions. There was also a pickup in certain minor bulk such as cement as well as pet coke exports out of the US Gulf primarily destined for India, all of which are important to the Supramax subsegment of drybulk."
http://finance.yahoo.com/news/edited-transcript-egle-earnings-conference-185517475.html

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