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microcaps1

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microcaps1

Re: None

Tuesday, 05/03/2011 5:32:20 PM

Tuesday, May 03, 2011 5:32:20 PM

Post# of 91121
The shipping is far below 45/ton as per a pers comm from Bob. The ship didn't cost 1.5 mill. The faster(15 knots) newer(5-2010) and if I remember bigger Ioannis theo(57 k tons?) rents for ca 13k /day.
Shipping has been in a recession and too many ships-so shipping cost does not exceed the price of iron just ca 6 years ago. Thats insane.
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