"Shipping rates have about halved since then and E25 should be able to fill the ship almost completely so those rate will be much lower."
You are incorrect. The shipping rate has not halved from US$1.03/dmtu ie US$34/tonne
yowie13 had already dropped the shipping rate from US$1.50/dmtu to US$1.03/dmtu
The shipping may have slipped slightly but I'd doubt its under US$30/tonne .
I did say that " It could be a touch less."
To say that shipping rate had halved is complete nonsense. ie US$0.51/dmtu of US$17/tonne is fantasy for a supramax bulk carrier. Yes, this is possible for a Capex or Panamax.
"You are not interested in giving any fair and balanced commentary."
You are looking through rose coloured glasses.
From day one the E25 cheerleaders have been spruiking BS, which is not aligned with FACTS.
Anyone who points out FACTS on E25 is abused and ridiculed.
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