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Re: maybe_this_time post# 292

Sunday, 10/20/2013 2:40:31 PM

Sunday, October 20, 2013 2:40:31 PM

Post# of 3785
I am not currently in shipping stocks, but they made an unexpected new 3 year high rally on freight rates, that I am still a little stunned at the recent rally in the CAPEX BDI rates. It is a sector to watch closely for many reasons. I spent a good year studying the dry bulk shipping, NM, NMM, DRYS, and about 6 othersw in the sector and stocks, dry bulk shipping and container cargo shipping stocks in 2009. I even played them off and on, but I had to jump ship as the sector drowned in the new ship builds hitting the water as China slowed. Iron ore shipments to China have made a sudden new 3 year high this is one to watch closely the next 12 months.

http://www.investorschronicle.co.uk/2013/10/17/comment/chronic-investor-blog/charts-of-the-week-october-Soh56GKqjVzNOLXjlvp5SL/article.html

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