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Hi coolprash,
Thanks for the link. Many of the points were not really too surprising.
1. I haven't had a dry bulk position in about 9 months mainly because I noted to myself
that just about all the dry bulk shippers have debt loads that simply cannot be supported
by their existing revenue streams (exceptions might be DSX and NMM). Yet, quite a few are
able to kludge together some type of deferment, or a stay from default (GNK, SBLK, EXM as
three examples)
2. The Q4 2012 SFL earnings call shed some light on the containership fleet glut. SFL
management suggested that container vessels are readily available (from those failed German
deals)
3. Certainly a lot of private equity involvement in shipping in recent years e.g. Wilbur Ross,
Blackstone, Oaktree Capital, Anchorage Capital, etc.
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