Does anyone have happen to have some good references regarding the supply of dry bulk vessels in the marketplace??
I am contemplating the current drop in the BDI... As others on this message board have suggested, the BDI price action could be a result in a slowdown in Asia. It also could be a result of an additional supply of dry bulk vessels coming on-line currently or in the near term. I know many of the dry bulk shippers have mentioned that the credit crisis could negatavely affect the ship builders (DRYS earning call for instance), but I would like to see proof or non-proof of this.
The BDI price action could be a result in both: a slowdown in Asia, and an increase in vessels. One thing is for sure, when the current worldwide economic downturn abates, globalization will lead the correction and the shippers will be a great place to invest.
Any thoughts??
Any references would be greatly appreciated.
