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Old 02-27-2008, 06:52 PM  
TheAgent
Confirmed User
 
Join Date: Feb 2008
Location: Dirty Jersey
Posts: 265
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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