Parsad Posted January 15, 2014 Share Posted January 15, 2014 [amazonsearch]Viking Raid[/amazonsearch] From the author of "The Shipping Man". Endorsed by Mohnish as well: http://www.marketwatch.com/story/wall-street-shipping-industry-leaders-welcome-the-release-of-viking-raid-sequel-to-the-shipping-man-2014-01-14?reflink=MW_news_stmp Link to comment Share on other sites More sharing options...
OracleofCarolina Posted January 15, 2014 Share Posted January 15, 2014 Looks interesting..I loved the Shipping Man...although a novel, it showed me how clueless I was about the shipping industry. Link to comment Share on other sites More sharing options...
ScottHall Posted January 15, 2014 Share Posted January 15, 2014 [amazonsearch]Viking Raid[/amazonsearch] From the author of "The Shipping Man". Endorsed by Mohnish as well: http://www.marketwatch.com/story/wall-street-shipping-industry-leaders-welcome-the-release-of-viking-raid-sequel-to-the-shipping-man-2014-01-14?reflink=MW_news_stmp Thanks, Parsad! I had no idea a new one was out. Link to comment Share on other sites More sharing options...
Liberty Posted January 15, 2014 Share Posted January 15, 2014 Thanks, added it to the wish list :) Link to comment Share on other sites More sharing options...
nkp007 Posted January 15, 2014 Share Posted January 15, 2014 The first book did its job. I intend to stay far away from this industry. If I ever forget that, I'll read the second book. Link to comment Share on other sites More sharing options...
yadayada Posted January 15, 2014 Share Posted January 15, 2014 The first book did its job. I intend to stay far away from this industry. If I ever forget that, I'll read the second book. aww you chicken Link to comment Share on other sites More sharing options...
augustabound Posted January 15, 2014 Share Posted January 15, 2014 The first book did its job. I intend to stay far away from this industry. What in particular keeps you away? Capex needs, debt? Link to comment Share on other sites More sharing options...
nkp007 Posted January 16, 2014 Share Posted January 16, 2014 The first book did its job. I intend to stay far away from this industry. What in particular keeps you away? Capex needs, debt? Yes. 1) High levels of capex many years out which means that you could get a supply of new ships at times when you may not need them anymore. This can devastate an industry for quite some time 2) With dry-bulk, you're looking at the ultimate commodity type situation. Absolutely no pricing power most of the time 3) Generally very high levels of debt If things got cheap enough, I would take a look. But I wouldn't be able to get comfortable with the lack of recurring earnings combined with the high levels of debt. Link to comment Share on other sites More sharing options...
yadayada Posted January 17, 2014 Share Posted January 17, 2014 This story needs to be watered down a bit, and then turned into a movie. The colorfull characters are perfect for this. Kind of like that credit crisis movie with kevin spacey. Link to comment Share on other sites More sharing options...
Phaceliacapital Posted January 24, 2014 Share Posted January 24, 2014 Margin Call? I ordered this one couple a weeks ago, sent it to my folks house who I am visiting this weekend so fingers crossed! Loved every page of the shipping man :) Link to comment Share on other sites More sharing options...
yadayada Posted January 25, 2014 Share Posted January 25, 2014 any thoughts on lng shipping? Iv gone ahead and read some articles. If you can find some cheap names on a fcf basis out there it looks like an interesting niche to invest in. looking at the orderbook and potential demand in the next few years at least. Link to comment Share on other sites More sharing options...
Phaceliacapital Posted January 27, 2014 Share Posted January 27, 2014 Read it in two sessions, don't know if I agree with the plot twist but it was amusing nonetheless. You definitely notice the difference in the two books in that the author is really trying to educate the reader. Great read. Link to comment Share on other sites More sharing options...
dcollon Posted February 24, 2014 Share Posted February 24, 2014 This was a great book. Thanks for the initial recommendation. Link to comment Share on other sites More sharing options...
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