InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,071.63
(
0.00%
)
US TECH 100
16,825.20
(
-1.38%
)
Dow Jones
38,460.92
(
0.00%
)
Brent Oil
87.13
(
-0.11%
)
Bitcoin
63,319.36
(
-1.50%
)
Post# of 58072
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Net-Man

Send PM Follow Ignore
Followers 39
Posts 5453
Boards Moderated 0
Alias Born 06/10/2004

Net-Man

Re: None

Wednesday, 09/13/2017 2:25:38 PM

Wednesday, September 13, 2017 2:25:38 PM

Post# of 58072
IMF is expecting 3.4% and 3.6% worldwide GDP growth for 2017 and 2018 respectively. With nearly 2/3 of 2017 gone, Panamax and Capesize growth rate is 1.7% and 1.8% respectively. In short, the supply is slowing while demand is growing.

Shipping rates are a function of supply and demand and all indicators are pointing to higher rates going forward.

Like GE or not, the dry bulk business is improving and DRYS revenue will continue to move forward with rates. The BDI is up 40% so far this year and higher than it was at this time in 2014. DRYS will start the year with 4 contracted VLGCs. The back end of 2017 and all of 2018 should be very good for DRYS.
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

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.

Sign Up