It's hard to know how low this one will go. If not for the...

It's hard to know how low this one will go.

If not for the support of its one buyer Mr Kum, it would have to be much lower SP. I'm thinking in the order of sub 10 cents!

Overnight we saw new lows on Tidewater and Gulfmark. With average at rates still going down and boats still going into stack it's pretty much impossible to see a bottom here.

Indeed it might be the right time for a cashed up patient player to build a super fleet. MMAs current balance sheet can't handle it.