Reason for drys

With all the booming economies in the world looking for coal, iron ore, grain etc. there is strong demand for drybulk carriers. They are adding a 170,000 Dwt (Capesize) vessel to their fleet. I like the aggresive approach that management is taking as far as new builds rather than outchartering. This is a healthy way to utilize their strong cash position. Analysts have been raising their forecasts for 2008 and beyond. Looks like smooth sailing for this financial vessel.