Some weaker shipping companies must go BK in order for the shipping industry to thrive again.
Maybe you should be looking at US LTL carriers like YRCW or ABFS.... This shipper (DRYS) screwed tis sharehodlers too many times and nobody cares about if they sink now.
They (esp. YRCW) did a massive reorg the last few years andafter stellar earnings last Friday, stock up almost $10.00PPS and going higher back to its previous old levels years ago...
September is expected to be the high point for the banks taking back ships, this year will be the shakeout.
How will that help? They don't sink their ships when the company goes BK.
No, they don't sink the ship.....but the ship is not in use.
Fewer ships, less competition.
Less competition, higher shipping rates.
If Walmart was the only retail outlet, do you think their prices would be so low?
they already did osg free and some i cant think of.