Hey, moron, any idea how much ore a cape can haul in a year? How much more ore is a 5% increase in demand? How many capes will be added this year for real? Shut up already, nobody cares about your fictitious trading.
"read it somewhere 2nd half of the year we will see 550 ships coming that's freaking huge"
You're an idiot. That's across all classes and types of ships. There are about 240 bulkers "scheduled". 100 of them won't make it and many of them are fictitious orders placed years ago at yards the were never built. They don't fall off the order book until the deals are beyond the final date of non-compliance.
And the importation of coal last year spiked due to the huge drought making hydro untenable. What a moron.
It's been solid for me since it listed on the NYSE. I think it's been four years now. And almost every day someone says that the dividend isn't "safe", yet they pay me every quarter without fail. Seems pretty safe to me, especially with a cost basis in the mid 20's.
"The full Valemax fleet would be able to haul about 44 million tonnes a year to China, which consumes more than two-thirds of the world's 1.2 billion tonne seaborne iron ore trade.
Rio de Janeiro-based Vale first decided on the VLOC (very large ore carrier) strategy to help it compete with BHP Billiton, Rio Tinto and Fortescue Metals.
Vale plans to up its production by as much as 50% before the end of the decade to 450 million tonnes per year, but is losing market share to its Australian rivals which enjoy much shorter and cheaper routes to Chinese ports."
Yes, Fortescue ordered them. You are off base on the impact of these handful of vessels. 30 of the 35 on order for Vale are on the water now.
Vale's overall carrying capacity, while growing, is NOT that much more than a year or two ago.
And yes they are in the order book. Where'd you get that idea?
It was an uncontracted new build coming out of Hyundai's yard in 2015.
and compare those to the dimensions of a Capesize vessel? It's like rocket science to you I'll bet. Takes about one minute for the rest of the world.
Its their choice. One year at $550k, actually 265 days, two years at $500k or three at $485k. We'll see what they decide.
No I don't. Look at when they deliver and the different types they ordered. They likely have plans and customers in mind for all of them. New DO contract shows there is still demand for UDW rigs.
$485 if Murphy Oil wants it for three.
for new build UDW drillship to arrive in 2015.
LOL! Three month old opinion. SDRL hasn't sold any new build rigs, so he missed that one. And they have billions in cash so they don't NEED to sell any. This "lull" happens now and then, then it reverses quickly. New areas are being permitted and the SDLP deal with Rosneft my take some SDRL rigs.