Shares & Derivatives
Courage Marine: Bought more at 10c per share.
By A Singaporean Stockmarket Investor (ASSI)  •  October 11, 2011
For a while, it looked as if a double top was forming in the Baltic Dry Index (BDI). Well, the potential double top formation has been negated as the BDI broke resistance and looks set to form a higher high.
As most of Courage Marine's business is on a per trip basis and at spot rate, a higher BDI is good news for the company. If the BDI continues to rise into winter, it could turn out to be quite a good quarter for Courage Marine and it looks like it could happen.
Bloomberg reported earlier in the year that freight rates are poised to rise after hitting a two year low as owners of ships carrying coal and iron ore scrapped the most vessels in 28 years. Indeed, Courage Marine recently sold one of its vessels to be scrapped as well. Also, Malaysian Bulker Carrier predicted that the dry bulk market could do well in the medium term ......
Read the full article
By A Singaporean Stockmarket Investor (ASSI)
Have a more secure financial future in an uncertain world by creating a stream of reliable passive income with high yields.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance