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  • antonio_479 antonio_479 Sep 28, 2008 12:27 PM Flag

    Credit Crunch will break down MANY ships due for 2010+ delivery

    A lot will depend on whether BDI bounces or stays at low range.

    Shipping companies are not going to follow-though on new-build aggreements with BDI below 5,000. Today, BDI is below 4,000.

    For now, I do not think Audio's thesis that shipping over-supply will drive down BDI is not a realistic threat. Instead, we have to worry about low BDI.

    Best regards,

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