Navios Maritime Holdings Inc. (NM)

[Ecomike]

I doubt it, but I am watching long term for effects of the mega China silk road project initiative to have positive and negative effects on the BDI. Positive short term as they import coal and iron ore to build it all (good for NM if it can overcome the drop and slowdown in other China building), and bad long term when completed as it will be a land route that competes with ocean shipping?

But the land route is to Africa and Europe.

And not to Australia or South America or the US where NM does their business, so who knows. If Alibaba can pull off massive US exports to Asia (there new growth plan per the CEO this week) and fill the empty cargo ships returning to Asia that are usually empty it might help other cargo container shipping stocks, but ti do not think NM has those ships???.

Right now I suspect there will be waves of BKs in shipping stocks on the next down turn, so it is hard to say if any bounce is possible for years. Dilution, and bad for stock holders mergers is my biggest fear here. The Greeks could hurt the sector bad if they leave the Euro zone or default and spill over into NM.