ships have 20 day port waits and it takes 7 days to unload one ship.........shippers say there's no ships out there because all ships are tied up at ports
I know why......specialist playing games with dcix stock price.....watch dsx and 12 west offer $2.51 for the rest of dcix they don't own........well I want more! lol
things from the container shipping market.......... with sharply lower oil prices she expects consumer spending to increase sharply thus increasing container shipments
Google the following to read the whole thing.
Boxship scrapping set to remain high after near-record level in 2014
Here's part of it, cut and pasted:
“The upcoming expansion of the Panama Canal will render the panamax design obsolete as larger vessels are expected to transit the new locks,” Clarksons says in its latest Container Intelligence Monthly.
“Operators servicing the transpacific trade are likely to prefer chartering larger and more fuel-efficient boxships leaving the panamaxes to find alternative employment.”
Although panamax scrapping has eased a little as demand for these ships picked up somewhat towards the end of the year, they nevertheless accounted for 30% of total capacity demolished in the second, third and fourth quarters of 2014.
Adding the past three years together, the 1m teu removed from the fleet through scrapping was the equivalent to 8% of capacity at the beginning of 2012. This was also equal to half of total boxship scrapping since 1996, according to Clarksons.
“This has been largely responsible for the contraction of the sub-3,000 teu and panamax fleets since 2012-2013, and it is hoped that this tightening of supply will eventually improve charter market earnings, which remained subdued in 2014,” says Clarksons.
“The continuation of elevated levels of scrapping will clearly be subject to demand from the demolition market, making scrapping levels difficult to predict. However, although improved panamax charter rates slowed containership demolition in the second half of 2014, earnings remain historically low. In this environment, scrapping levels may well remain robust in 2015.”
Seeking Alpha is almost always lost.
Although when they list the related tickers, they are relating all shipping stocks.
Seeking Alpha mistakes notwithstanding. Those on this board who might own this stock, or were interested in discussing it, should really be aware of the basic facts.
...perhaps it was Seeking Alpha that was most lost, as it included DCIX as one of the stocks listed in its doom-and-gloom drybulk rate article...GLTA
Are you guys lost?
Do you realize you are on the DCIX message board?
And that the BDI and Capesize rates are Dry Bulk?
Maybe you should send your money to Fidelity before you lose it.
Well, first of all, the BDI is for Dry Bulk shipping. Not Containerships. DCIX is all containers.
You want to watch Contex. Or bookmark the Harperpeterson website.
And Barrons articles have a lousy history of understanding shipping.
You are better off with Drewry, BIMCO, Compass, Hellenic Shipping, etc.
You have a 1% chance of finding an article on Seeking Alpha article that has a clue.
...but how much weight, then, do you give the futures prices when, according to the Seeking Alpha article just out, drybulk rates are currently at 30-yr lows?....will there be a sudden big upswing in the dbi, or is the futures pricing worthless?...I don't know, myself...would appreciate any opinions...GLTA
52 WEEK.........was in the 360's most of last 2 years....the direction is the main thing
...this is a small investment for me, but I like to follow your reports...for some context, is it a new 52 week high re rates or is the time period even longer?...thanks and GLTA....
They have faced very trying times. I understand your pain. However, their number one responsibility is assuring the future financial stability of the company. This trumps short term stockholder's needs. I do not see where management has acted irresponsibly. Shipping rates have been at very low levels. This was not their fault. Again, getting capital, assuring financial viability, and expanding the companies ships, when they are cheap, to me suggests that they are making prudent, long term decisions. And that is why a made a very sizable investment in the company at these levels. I believe in the next few years that the price of DCIX will double or triple. And if this is the case, I will have considered patience a smart move. Good luck to you in your investment in DCIX.