LOL. Not laughing at you bud, but at the BOD's statement. Seems I heard those things before from SDRL and NADL, just before they cut out all dividends.
sarge, this looks to be in the containership business (finished goods) , which shouldn't affect SFL. Don't follow NAT so not sure but aren't they mostly tankers?
LONDON--Even as the shipping industry struggles with a capacity glut, China Shipping Container Lines Co. is looking to buy around 10 ultralarge container ships for around $1.5 billion to fulfill capacity commitments in its Ocean Three alliance with France's CMA CGM SA and the United Arab Emirates' United Arab Shipping Co., two people involved in the matter said.
The order, which is to be announced by the end of the year, would add to an estimated 30% excess capacity in the water between Asia and Europe. The glut has led to falling freight rates that often don't even cover the fuel cost of vessels.
The economic slowdown of emerging economies in Asia--including China , the world's biggest exporter of manufactured goods that are moved on container ships--has made things still worse for the shipping industry
from IV board.
green in my portfolio is my NRZ, and that, being by far my biggest position is keeping today's losses to a minimum, which eases the anxiety quite a bit. :~). I'm not even going to wonder why it's green..
Way back when, when NG soared to over $14 per whatever, the utility companies showed no compassion in raising their energy bills almost monthly to coincide with the commodity price rise. As the NG price dropped it took them many multiples of months and years to bring down the costs to consumers. Currently, with prices stable for a couple of years now they've gotten smart and have not linked any consumer price raises to the cost of the fuel. They now break down their bills (at least mine does) to Basic Gas Supply Service (cost of NG), Service charges, distribution charges, generation charges and Securitization Transition Charges (which covers a load of gobbledygook misc charges). They can raise any of these at any time regardless of the commodity price and get their raises stealthily. My current bill for NG is $9.50 for the commodity and $15.25 for all other charges.
Vin, right now this discovery is putting the pressure on Israel, which had discovered a major gas field off it's coast in 2010. It's been developing plans of how to exploit this major find and now those plans are in disarray because exporting gas to Egypt was a prime consideration.
No sarge, sold NMM about 2 weeks ago. Did increase my SFL this week after earnings. Also about time GLOP did something. I was getting tired of the constant red.
sarge, VZ would have been outstanding if gotten at the open on monday. It gapped down 17% before bouncing back on the early flash crash. Still a great buy here as it's gotten back most of the recent drop.
rb, mREITs like WMC will surely take a momentary dive when the FED raises rates. I'm holding off till then to buy back into some mREITS. I sold my WMC a few months back and will re buy it at that time. JMHO.
I almost always take after hours trades as MM's clearing their books for the day. Unless pertinent news is released late in the day or after market closing, after hours volume means little.