05-09-2011, 10:50 AM
Sorry I completely missed this when you postedd t last month.
I don't know their financial situation since they are bigger vsls than I am used to but I am familiar with the shop.. Problem is those capesize vessels they have are rapidly becoming worthless as the sectors severely overtonnaged (daily rates dropped from 20k to 4k within a couple months) so I would be cautious.
I don't know their financial situation since they are bigger vsls than I am used to but I am familiar with the shop.. Problem is those capesize vessels they have are rapidly becoming worthless as the sectors severely overtonnaged (daily rates dropped from 20k to 4k within a couple months) so I would be cautious.