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Net-Man

12/03/18 1:23 PM

#57538 RE: kingsransome #57537

KR - that looks about right. Although GE has been issuing reports much faster these days. Could turn out to be sooner.

It would be nice to see something confirming the VLGC's have been transferred to new owners and how the debt and cash work out. Also wondering what, if any, cash outlays will be needed for the low-sulfur fuel and BWTS upgrades might be needed. Any that are required will have ships in dry dock 4-6 weeks and cost millions for the upgrades. That's a good news/ bad news situation for next year. On the one hand, any ships in dry dock won't be earning anything. Of course, that will affect a majority of the world's fleet. On the other hand, a lot of scrapping will likely take place next year because of the expense in getting the upgrades done. Shrinking the fleet will be a great thing for rate. DRYS pps should move significantly higher, as well.

kingsransome

12/06/18 10:46 AM

#57545 RE: kingsransome #57537

BDI indexs up $60,,trending up finally $$$$