Lay-ups loom in the dry freight market

I stare out my office window on the 23rd floor and there they are, stretched out as far as my eyes can see, dry bulk vessels sitting pretty in the Singapore strait. 

Although each vessel is of a different shape and size they all have one common enemy — unemployment. 

With the engines running and crew on board, these vessels are burning fuel into thin air, literally waiting for orders. 

Owners are holding steady, with many unwavering in the face of historical lows in the freight market.

DYI Comments:  World wide economy dancing on a pin between slow growth and recession. Appears that the possibility is increasing for a downturn to be notice by all this summer.  If this occurs stocks and junk bonds will be hammered along with an interesting Presidential election cycle.

DYI