ship numbers, page-10

Howdi,

The ships waiting at sea is still a good thing for DBCT....

Means that expanding the dock will still give a good ROI... if DBCT was being under utilised, BBI would get paid a similar amount (IIRC, it's something like 97% take or pay, not quite 100%... but.)....

However, there would be less potential to expand.

Since BBI get around 11.84% ROI if they expand it (and presumably sign new contracts)... If BBI had cash, they could expand it now and increase profit, EBITA, asset values, etc.

BBI, don't have cash, and can't consider expanding DBCT, but this means a new owner is more likely to.

An owner wanting to expand DBCT is more willing to pay for DBCT.

Also, if a user consortium purhased DBCT, they would have an extra benefit in expanding DBCT... so, even more reason to buy DBCT.