I feel history today and do a quick study. Is like a review after a great battle. I am not vested in Oil and Shipping Industry directly but that doesn't mean I should not read up on it. So whatever I find and understand is subjective and conclusion could be wrong. Started with an article from BT dated FEB 16, 2016. http://www.businesstimes.com.sg/transport/sembmarine-cosco-buffeted-by-s1-billion-in-combined-q4-losses "THE strain of low oil prices on the offshore and marine sector was in full display on Monday, as two heavily-exposed Singapore-listed companies reported a combined S$1 billion in fourth-quarter losses." "The losses were partly the result of the reversal of profits already recognised for the construction of oil rigs and ships that might now never be delivered." Next, reading latest reported AR. Profits for 2Q 2016 is $10,737 ('000). Down from 2Q 2015 $113,167('000) So will we see even ...