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Net-Man

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Net-Man

Re: None

Wednesday, 08/09/2017 10:01:12 AM

Wednesday, August 09, 2017 10:01:12 AM

Post# of 58072
BDI is up again today @1050. Spot rates have remained in a range that would make DRYS Panamax fleet profitable. The question then becomes what was their utilization rate in 2Q? OSVR fleet is a loss. The only good news there is the ships are laid up minimizing costs. A big unknown is what impact the new ships had to the bottom line during the quarter.

Should prove to be an interesting financial report and, perhaps more importantly, what 3Q and beyond is shaping up.
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