Box Ships Inc (TEUFF)

[twosecure]

‘Zaadx ‘- What’s going on ? you asked. . ……

Many/most of these shipping companies did not follow the CEO of ‘TEUFF’ example.The CEO of ‘Teuff’ has scrapped just over 22% of its fleet. If all dry bulk shipping companies would scrap 22% of their fleet and not order any new vessels the dry bulk shipping business would be booming again as in the days when I watched ‘DRYS’ run up over $100.00 a share.(check 'DRYS' 05/21/08)

http://finance.yahoo.com/quote/DRYS/history?period1=1211266800&period2=1222326000&interval=1d&filter=history&frequency=1d

The article you mentioned via the Economist stated - The industry may still resist doing what many recommend, which is to tackle overcapacity directly by scrapping vessels.

http://www.economist.com/news/business/21706556-shipping-business-crisis-industry-leader-not-exempt-profits-overboard?fsrc=scn/tw/te/pe/ed/profitsoverboard

(Shipping Turnaround)
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