“If you are fed up with too many ships, then buy land. As Mark Twain said: ‘They’re not making it anymore’.”
Advice from hedge fund manager turned country boy, Jay Goodgal, who has a new found interest in ploughing and reaping after noticing that rather a lot of ships continue to pour out of the yards.
(Goodgal ‘forgets the ship; buys the cargo’ with float)
“We believe that the spot dry bulk market is in line for a positive jolt as three key pieces have lined up positively for the first time in several months: rising steel prices, wider steel margins and cheaper imported iron ore into China.”
But
