There is overcapacity for sure. I kept Navios Marine and Safe Bulkers from the last runup in 2014 but Navios has been a dog of late. Book value does not mean much of there is overcapacity and the ships canto be sold anyway.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.