Register
Hello, !
Edit Profile | Logout

Beautiful Things.

Rating: 1.25 (192 votes)    Vote: Terrible (-3)Worse (-2)Bad (-1)So-so (0)Good (+1)Better (+2)Best (+3)
User name*: '    Password*:
or register if you are a new user
User name*:
First name*:
Last name*:
Password*:
E-mail*:
Retype e-mail*:
Opt-In: Yes, send me email from InvestorPlace Blogs regarding blog post notifications and voting/commenting bulletins, along with The Investor Post weekly e-letter. Please un-check this box if you would prefer not to receive email from us.
Privacy Policy
InvestorPlace Blogs is powered by Marketocracy. Marketocracy has authorized Investor Place Blogs as an official registrar for voting through Marketocracy's Investment Research Rating service. Registered members of InvestorPlace Blogs are linked with a Marketocracy account to establish voting power based on their performance of trading and posting on stocks.

Ahoy Mates,

May every life be replete with joy.

Yesterday and today I rearranged, reshuffled, readjusted, and messed with my Crow's Nest portfolio of shipping stocks.

What did I do?

Increased positions in TBS International Limited (TBSI), Euroseas Ltd. (ESEA), & Quintana Maritime Limited (QMAR).

Decreased positions in Danaos Corporation (DAC), Tsakos Energy Navigation Limited (TNP), StealthGas Inc. (GASS), Aktieselskabet Dampskibsselskabet Torm (TRMD), & Seaspan Corporation (SSW).

Added two new positions: OceanFreight Inc. (OCNF) and Omega Navigation Enterprises, Inc. (ONAV).

Let the others be.

The end result of all this was to increase the portfolio's exposure in drybulk shippers and lessen it's exposure to tankers (crude, product, & gas) and container shippers.

Why?

Drybulk shippers are enjoying the highest shipping rates ever and all the variables that affect them have lined up in their favor. Those include more demand for ships than existing supply, port congestion, and an insatiable demand for the cargos they ship all over the world.

Tanker rates are at four year lows and the variables that affect them are constantly changing and often unknown. Those include the price of oil and it's effect on demand, the weather, and politics.

Container rates are more stable, more linked to global GDP, and don't have much of a spot market.

I would recommend any of the shippers in Crow's Nest portfolio to other SLO players. I believe each has enormous potential and that they represent the best from a great sector.

What's more, all ships are beautiful things.

Robert

BWBW1270.jpg


Tuesday October 16, 2007 : 01:19 PM

Post a comment

You are logged in as . Log out


Comment Preview
Preview your comment here

You must be logged in to comment. Click here to register.