Posted On: 12/06/2013 1:15:46 PM
Post# of 2561
China is still driving this rally with massive imports. Here is the BDI daily data chart from DRYS to watch to see if it can be sustained.
http://www.dryships.com/pages/report.asp
It shows the daily BDI spot rates for the dry bulk ships. The entire sector is on fire. Some of the BDI stocks still pay dividends like NM and NMM, they compete with DRYS in that sector. DRYS also is the drill ship rental business. NM also owns and operates some south america port and pipeline operations in addition to being the GP of NMM.
http://www.dryships.com/pages/report.asp
It shows the daily BDI spot rates for the dry bulk ships. The entire sector is on fire. Some of the BDI stocks still pay dividends like NM and NMM, they compete with DRYS in that sector. DRYS also is the drill ship rental business. NM also owns and operates some south america port and pipeline operations in addition to being the GP of NMM.
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