Seanergy Maritime Holdings Corp. (SHIP)

[investorwisdom]

the only problem i see with that rationalization is that SHIP does dry-bulk with Africa, they don't capitalize on the China trade, also the dry-bulk fleet is expanding at the fastest rate in history, tonnage doubling, and also demand from China is down and expected to stay down. So rates are expected to stay low because a new capesize ship hits the water every other day this year and next while the demand from China is staying low. So if you need your goods shipped, who would you use a old inefficient boat that will make the trip take a couple extra days, or a brand new ship, faster more efficient for the same price? were talking simple economics here.