look how drys and exm are getting killed. I think the CEOs of all these companies better start thinking about buybacks and dividends rather than fleet expansions. the money is there. Otherwise these stocks will pullback another 25% to 50% by the end of January.
Well, it is better to expand the fleet, as long as you can keep booking them. However, if there is a global down-turn next year, they may find themselves with excess capacity.
If so, that will be the time to buy ships at a bargain. So maybe they should have waited to buy more ships? I would need to know if they are way overbooked or not. If they are overbooked (as most are) then buying now is still a better plan.