Mon, Sep 22, 2014, 2:50 PM EDT - U.S. Markets close in 1 hr 10 mins

Recent

% | $
Quotes you view appear here for quick access.

EXCEL MARITIME CARR Message Board

  • audiophul audiophul Jan 31, 2013 6:02 PM Flag

    Time charter erosion. My term. Accurate reflection of the situation at EXM.

    This year:

    Iron Miner $17k ends in March or sooner. Will reset at $10k or so...
    Kirmar $49k ends in May or sooner. Will reset a little lower, it's older than the Miner
    Iron Beauty $12,250 ended in Dec.12. Likely to reset at the same as the Kirmar
    Iron Manolis $14,000 ended in Dec.12. Likely to reset at $8k (Kamsarmax)
    Iron Brooke $11,250 ends in March or sooner. Likely to reset at $8k.
    Pascha $14,000 ended in Oct. 12. Likely to reset at $8k
    Coal Gypsy $11,250 ends in May or sooner. Likely to reset at $8k
    Iron Anne $14,000 ended in Dec.12. Likely to reset at $8k
    Iron Vassilis $11,000 ends in July or sooner. Likely to reset at $8k
    Iron Bill $11,250 ends in April or sooner. Likely to reset at $8k
    Ore Hansa $11,250 ends in May or sooner. Likely to reset at $8k
    Iron Kalypso $11,250 ends now. Likely to reset at $8k
    Iron Fuzeya $12,750 ends in Nov or sooner. Likely to reset at $8k
    Santa Barbara $14,000 ends in June or sooner. Likely to reset at $8k
    Coal Hunter $14,000 ends in June or sooner. Likely to reset at $8k
    Iron Bradyn $12,000 ended in Nov. 12. Likely to reset at $8k
    Grain Harvester$11,250 ends in April or sooner. Likely to reset at $6.5k
    Grain Express $11,000 ends in July or sooner. Likely to reset at $6.5k
    Iron Knight $12,250 ends now. Likely to reset at $6.5k
    Isminaki $11,000 ended in Nov. 12. Likely to reset at $6.5k
    Angela Star $11,000 ended in Nov. 12. Likely to reset at $6.5k
    July M. $10,000 ended in Oct. 12. Likely to reset the same.
    Mairouli $10,000 ended in Oct. 12. Likely to reset the same.
    Princess I $9,000 ended in Oct. 12. Likely to reset at $8k

    As you can see, the earnings will continue to crash this year as time charter coverage erodes. Many of these are likely to go on spot as they will find it tough to GET time charters.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
EXMCQ
0.0730.000(0.00%)Jan 27 3:58 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.