You can almost use Jack Ups in that water. The Noble Discoverer can only drill in depths up to 1000 ft. It was upgraded in 2009. Transocean Polar Pioneer is rated to 1650 ft. and was upgraded in 1999. The big concern with these units is the blow out preventers are not up to current standards. Discover has an older 4 ram and the Polar Pioneer even older two ram. The are asking for trouble.
They are not limiting drafts now. They say they MIGHT. And that does not force shippers to USE SMALLER SHIPS YOU MONKEY. And the BDI does NOT affect FREE's revenue. ONLY the BHSI does and it is DOWN from the last quarter.
is just rolling around. When the weather starts to choke off traffic in the Bosphorus and Northern ports, rates will hit $75,000 also on some routes for this class.
season is just rolling around. The average will probably end up over $30,000 with some routes paying over $75k a day at times.
I love how stupid you are. You don't even know where to look for tanker rates. Tanker rates for Q3 have averaged 80% higher in Q3 over Q2. Rates for Panamaxes yesterday were $6942, up 100% in Q3 so far and this is just the START of the busy season for bulkers. I thought you checked those rates daily? You lie about that too or are you lying in your post just now? And that debt at ORIG? That's what happens when you buy $650 million dollar drillships that earn so much money. You don't seem to understand that either. You really are pretty stupid.
And I wasn't talking EBITDA, you lying punk. I said ONLY depreciation. I included interest and DRYS doesn't pay any taxes. I'll bet you didn't even know what EBITDA stood for before you read this post. You really are a moron
First one needs a new contract in Q2 2015. Perfect timing as that is when many of the two and three decade old rigs need new contracts as well and they will be taken out of service because there are rigs ilke the Mykonos available. Now shut your face before I shut it for you punk.
You're an idiot. They don't have ANY contracts the need renewing at this moment. You are such a little pansy.
You punks are liars.
It might go up. It might not. It IS a piece of junk company with tired old, tiny vessels. 1/3 of which are not even working. LOL!
BULL. If you had listened to me, you would NOT have lost the "thousands" (YOUR WORDS) that you did when you bought this in early June. Get lost liar.
I don't know why you lie but you do. You want anyone to believe what you say you do, post in real time. Easy. That way no one can call you a liar. Like I am. You are lying.