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What Do They Know?

Despite positive signs of economic growth emanating out of China and deliveries still slipping, two of the most market savvy owners engaged in what we considered some conservative chartering activity last week.

During its second quarter earnings announcement, Pankaj Khanna announced that DryShips had fixed 12 Panamax bulkers for $16,000 per day for two years in a strategic move designed to secure its cash flows in any given environment, particularly in light of recent market volatility. The logic is impeccable when you consider that $1.1 billion in revenue has been locked in for the next 2 1/2 years with

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Written by: | Categories: Freshly Minted, The Week in Review | August 6th, 2009 |

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