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#1 |
Confirmed User
Join Date: Feb 2008
Location: Dirty Jersey
Posts: 265
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DryBulk Shipping Industry Good For Long Term Investment
check out http://shipping.capitallink.com/
I have been holding Dryships and TBS International since mid January Dryships got in at 54.18 currently 80 TBS International got in at 23.25 currently at 38 Reason I recommend this sector is because there is consistent demand rapidly growing economies such as India and China. These countries have a strong demand for coal, iron ore, grains, and minor bulks, such as phosphate, fertilizers and steel products. The quantity of ships in the global market to supply these growing economies does not meet the demand so hence prices have risen dramatically that the ships charge per day.
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