ships will rust at sea as bdi down 194 more

at this rate there'll be many many ships rusting the waters. i remember this happening before. a while before the jackie kennedy / onasis time, for those with memories back that far.

we also had rusting drill rigs and mines full of water. with many mines not profitable we got used to a regular phrase, 'mine under care and maintenence'. will be many many of these pretty soon amongst those producing miners just starting up.

40 actually got pretty depressed this morning whilst reading some of the horror stories in the mkts. then he took a letter outa his box. that was from the recievers of a bond fund that went belly up back in may. a while later a strange car drew up. the guy put something in the mail box. 4 took that out and it was from the liquidators called in by the receivers. it was easy to see all this shyte coming by me but it wasn't easy seeing how hard it is for so many out there. just my wake up call i suppose.

15 October 2008

Baltic Dry Index (BDI) -194 1615
Rates

check the graph.
http://www.dryships.com/index.cfm?get=report

be good,

comrade 40.