Good Morning Ned, With regards to shipping, i'm thinking it will...

Good Morning Ned,

With regards to shipping, i'm thinking it will come down as players drop off out of the market, this tied with congestion at the Chinese ports should abate eventually.
i don't do predictions of prices unfortunately, i don't know that much, however i can calculate rough figures as a guide.

I'm curious of what GWR can come up with at these prices and am awaiting the announcement, i suspect if GWR does go into care and maintenance (hope fully they don't) that FEL will pick up some of their drivers as FEL has hedged and is of a higher grade.

GWR still makes coin off a deal with FEL i believe its 40%, so in my opinion if GWR stops they will keep the contractors close with FEL.

Apologies to the FEX people in advance for going off topic.

I sold SCN and have the buy in order here at FEX as by the time SCN J/V gets up and running we could have another 2-3 dividends from FEX, plus FEX gets majority share being the 70%.
So when i looked at it like that, it was a scarecrow (no brainer wizard of oz)

In short FEX is a good buy at these levels if you have time on your side.

Good luck Ned,

Rooks