Replies to post #85467 on China Growth Stocks

[cleezdeez]

OT; Shippers, Cosco, a Chinese shipping firm whose largest shareholder is the Chinese govt, signed a number of these long-term charters in 07/08 when capesizes were going for 50K/day. Now they don't like being stuck in these charters that are roughly four times the going rate so they're withholding payment to the ship owners (of course, all Western)..already had a few boats seized..crazy stuff.

[ratobranco]

BDI - not going up anymore ;-) Steady downtrend despite today's market rally.

http://www.bloomberg.com/apps/quote?ticker=BDIY:IND