Some of you might complain but for me holding Maybulk needs patience.. I doubt it won't move if BDI continues to go up which I think will reach 4500 or more in a few months time..
But seriously in case all her vessels are stranded or sangkut due to Port congestion then is the demurrage enough to profit MBC despite the low ships turnover.
hmm, my point of view. since MBC borrowing still high 188 millions, and no one can tell how long this high BDI can withstand, i will wait till the borrowing go down to below 100 million then only consider to buy, safer.
from the June 2021, the debts repayment of MBC is high, so i think the time it borrowing reduced to below 100 million maybe will be within this year.
Guess the Big Players do not like the way MBC leadership team manage MBC while kept disposing assets in the midst of foreseeable rising charter rates. Who will, i mean who keeps disposing your precious tools that will generate handsome revenues.
This counter is starting to piss me off, should have gotten freight better even thought the net profit is less than maybulk but at least the fella can fly because got coverage from Banks with a tp of 1.27 !!!!
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KML889
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Posted by KML889 > 2021-08-17 15:43 | Report Abuse
Big kaki throwing and v don't know y.