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Milner

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Milner

Re: blackcat post# 926

Monday, 01/19/2009 10:23:52 AM

Monday, January 19, 2009 10:23:52 AM

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09 looks like a tough year all around. Dry Bulk will rebound but its going to take some time.

Common sense would dictate that quite a large percentage of the new order book will be impacted by bankruptcies especially in the Greenfield ship yard in the far east.

This will further be fueled by bankruptcy filings in the dry bulk sector such as Brittania and others who have defaulted on debt service ....

No question there will be a rise in dead weight tonnage but no where near the expected rise.....

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