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.

Who knows or how do you find out who ships what and from where?  As coal demand continues to grow,  would like to know.  Same for other dry bulk cargos.

Thanks for the help.  GFS

Further to my prior posting please read Bank of America upgrade of Genco of 7/2/08. Agrees fully with what I stated.

... BofA initiates Genco Shipping and Trading (GNK 65.63) with a Buy and an $84 tgt following pullback and based on the co's performance track record, return-focused decision-making and experienced management team.

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FARHAN MUSTAFA