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Re: Sparks111111 post# 550

Friday, 11/15/2013 11:10:08 AM

Friday, November 15, 2013 11:10:08 AM

Post# of 1012
No risk no reward, pull the trigger once you do the proper DD.

The Korean Shipping Industry is pushing for Government financial support via a Korea Shipping Guarantee fund worth about $46 billion dollars which should benefit both the Korean shipbuilders and shippers. Estimated timeframe 2014

This should help restore value to the Korean Line Corporation (KLC)and benefit EGLE shareholders. The other benefit is when shipbuilders back-log increases then the cost of newbuilds rise which should restore value of the EGLE shipping fleet.

"When there is a gold rush on, it's a good time to be in the pick and shovel business." Mark Twain

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