Net-Man Tuesday, 10/10/17 09:39:57 AM Re: None Post # of 147 The short answer is yes. Shipping is in a recovery and growth period. "The pickup in global growth anticipated in the April World Economic Outlook remains on track, with global output projected to grow by 3.5 percent in 2017 and 3.6 percent in 2018." http://www.imf.org/en/Publications/WEO/Issues/2017/07/07/world-economic-outlook-update-july-2017 Capesize and Panamax fleets are growing at slightly over 1% at the same time demand for shipping is increasing. Demand is catching up with the supply of ships and other factors will begin to kick in that will slow the supply side of the equation. Ship age isn't a factor today. However, low sulfur fuels and ballast water treatment systems are. These regulations will begin to have an effect and ships will either be scrapped or sidelined for upgrades. Either way supply becomes constrained and rates will move up. Holding NMM.