and the market crumbles at the same time:http://www.lloydslist.com/ll/news/capesizes-anchored-as-daily-earnings-plummet/20017583457.htmBut don't worry, it's only trading at 0.00 times earnings so its REALLY cheap right now right? Plus oil will help the bottom line! And its trading below book value!Keep dreamin boys- keeeeeeeeeeep dreamin.
boy, the miners are looking real stupid now....ships daily being tied to docks and they're wasting their time investing in new ships???could be by bhp/rio/vale are trading like crap. now's the time to cut excess investment and outsource.