Very good points. I think there is definitely a bottom forming in shipping. There is room for a lot of consolidation. The R/S Kings repeatedly burn investors. It’s no solution if you ask me.
BDI freight rates will be the primary determinant of the failure or survival of NM.
I'm betting that the rates will continue to jog higher as the world economy continues to improve and further dig itself out of the 2008-9 market crash.
This BDI recovery has been trumpeted by many more dry bulk shippers than NM alone, and from the numbers and the world news, I tend to believe them.
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