INSIGHT OF A TRADITIONAL SHIPOWNER

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INSIGHT OF A TRADITIONAL SHIPOWNER

• IDENTICAL

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SHOCKING FIXTURES
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SWEET DREAM AFTER SUCH A LONG LASTING RECESSION
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PARADOX
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WHAT IS GOING ON
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RATES IN AVERAGE FOR HANDIES, PANAMAXES AND
CAPES HAVE INCREASED BY MORE THAN 100
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NEW BUILDING PRICES ARE UP MORE THAN 30 AND
IT CONTINUES TO RISE
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NEW BUILDINGS DELIVERIES2007
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WHAT IS THE REASON?
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• TERRORISM AND SARS
• DEMAND IS INCREASING
• CONGESTION IN THE PORTS

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CHINAS DEMAND FOR STEEL KEPTTHE CAPE SIZE
MARKET EXTREMELY BUOYANT
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TIME LAG BETWEEN THE PEAK OF THE STEEL MARKET
AND THE FREIGHT RATES
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SURGE OF COMMODITY TRADE IN BULK HAS PUSHED UP
FREIGHT AND CHARTER RATES
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SUPPLY DEMANDELASTICITY ?
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• THE MILLION DOLLAR QUESTION ?

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WILL THIS TREND OF INCREASE CONTINUE?...

• IF SO... HOW LONG?
• WHAT WILL BE THE LEVEL OF JUSTIFICATION

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WHAT SHOULD I DO NOW?
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THANK YOU