"Why in the world would you think it is me?"
Hmmm.I could think of several reasons:
a) All of your posts, despite the fact that they contain no useful information, immediately get numerous five star ratings
b) Any of my posts that are responses to you immediately get numerous one star ratings
c) You mention stars in EVERY SINGLE ONE of your posts
d) You cry a lot about being picked on.
e) You have the intellectual firepower of an amoeba
f) You're basically a dweeb
g) all of the above
I'm gonna go with g
Hey audio, how's it going? Hey, I got a song for you:
Nothing but star wars
Using his logins
To star every post
It's star wars
srytwf's star wars
He just keep clicking
On one of those stars
PS. Does your boss know how many hours a day you're spending logging in and out of Yahoo?
Look at the BDI index comparing today's rates to last years.
You'll see how badly this has fallen.
Compare the BDI rate to the operating cost, and you will have the operating margin.
You THEN have to factor in your G&A and other expenses.
EXM is treading water.
"So, the current BPI is $14,391 and our breakeven cost to operate is $6,500...Naaa, this don't add up.
No, the cost to operate the vessel per day to EXM is about that. That $6500 does NOT include G&A, depreciation of $10-$11k daily for most of the fleet and interest expense in the $5-6k daily range.
There is much more to it than that. First, the BDI can rise or fall with one of the four classes doing all the lifting or dragging. You need to look at the fleet make up and determine which of the four indices are most important to EXM. You will discover it is the BPI.
EXM has ONE Cape on spot. The BDI is completely concerned with and only with SPOT voyages. For EXM, they have eight vessels on "time charters" that are tied to the BPI index. Paid bi-weekly on the average of the BPI for the preceding period. They have SIXTEEN panas (kamsars) on spot. They have six Supra/handies on spot. So far and away they are most sensitive to the BPI. The vessels cost about $6500 a day to operate, so you need to determine what the management fees are, the G&A, the commissions, the depreciation, the interest paid for each or an average across the fleet to get to the "turn a profit" level.
They have a LOT of debt left over from the disastrously timed QMAR acquisition.