Replies to post #893 on Stocks that Float: TANKERS & DRY BULK SHIPPERS (SHIPPERS)

[Milner]

Xanadu,

How do you think Golden Ocean will fare in this turbulence. They seem ok but who knows....?

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Rates:
The violence with which
shipping rates have fallen
from their highs made earlier
this spring is nothing short of
awe inspiring. The "day rate"
for dry bulk carriers has
fallen from nearly $230
thousand/day to $15 thousand
in a few months. As a gauge
of the health of the global
economy, the global economy is
nearly terminal in nature, or is
getting there swiftly