InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,591.96
(
0.00%
)
US TECH 100
18,872.40
(
0.10%
)
Dow Jones
41,335.05
(
0.59%
)
Brent Oil
78.69
(
-0.10%
)
Bitcoin
59,239.38
(
-0.26%
)
Post# of 1210
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Milner

Send PM Follow Ignore
Followers 1
Posts 208
Boards Moderated 0
Alias Born 03/06/2008

Milner

Re: Milner post# 794

Saturday, 07/12/2008 7:33:16 AM

Saturday, July 12, 2008 7:33:16 AM

Post# of 1210
SHIPBROKER EA Gibson says this week’s hike in steel prices has placed an unspecified number of shipyards in South Korea and China in ‘dire straits’, with as many as 150 capesizes on order “that will not be delivered”.

That represents about 20% of the existing orderbook of nearly 720 vessels,

Xanadu,

This may signal a decline in the overall fleet for new dwt. If 20 percent of newbuildings dont get built after all its going to give rates alot of bouyancy... Looks good. You were right on the money.......

Joe
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next
Join InvestorsHub

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