Falling ship values are now wreaking havoc in the shipping world, and many shippers are starting to breach their bond covenants because of the loss of values. With the most recent sales of certain ships coming in at only $28 million, the value of these shipping vessels have dropped over 70% from their peak this summer, and this is bad news indeed because “most of the dry-bulk companies need to maintain their net-asset values at 130% of their outstanding loads,” according to Oppenheimer analyst Scott Burk, an expert on the dry-bulk industry.

Things have degenerated to the point where there have been only 10 reported sales of ships in the dry-bulk market, and “after a long absence of second-hand vessel sales during the rate decline since the end of summer, a couple of modern ships have been sold at prices 50% or more below prices previously recorded.”

Companies with greater debt have found themselves struggling against the current of an ever-weakening dry-bulk market, and many shipping companies have found their statuses changes from “overweight” (good) to “underweight” (bad), and many more have lost their status, having it changed to a “neutral” rating. Diana Shipping, however, was upgraded to “overweight,” mainly due to the fact that they have relatively little debt, and will be the best candidate for surviving this weak market.

Banks are still trying to work out a deal with some companies, but the going is slow, and many companies are looking toward alternate methods of making money, if only to make sure they don’t default on their loans and sink even more into debt.

This can spell bad news for a lot of consumers here, because most of our goods are now coming from overseas. If this is any indication of things to come, we’ll need to start growing our own food again, opening up our own toy factories and getting us away from the free trade system that has plunged this country into chaos. If the dry-bulk market is failing, it’s only going to get worse, and we need to start thinking about self-sufficiency, like we have in our domestic auto shippers.

Start stocking up, my friends; this is going to be a bumpy ride.

Electric cars and its hybrid technology is a burgeoning market, and the chance for America to become energy-independent is on everyone’s minds as of late. That’s why we at AutoShipping4U think it’s important to give everyone who visits our site a good idea of what’s going on in the alternate-fuel department. No one wants to be paying $4.00 or more for a gallon of gasoline, when an 8-hour charge can get them much, much more for their time and money.

When you read about these vehicles, keep in mind that this technology is new, but it’s reliable. The prices and range estimates come direct from the manufacturer, so you know that those figures are reliable, and it’s important that you, the consumer, know everything there is to know about these vehicles. So take your time, read up on them, and you’ll be an expert on electric cars in no time flat.

Links of Interest:
Electric Drive Transportation Association
Electric Car Schematic credit goes to Oil Blog

Electric Cars Available in 2008

Tesla Roadster Electric Car -

GEM Electric Car -

Dynasty iT Sedan Electric Car -

ZENN Electric Car -

Zap Xebra Electric Car -


Aptera Type-1 -

Now that we are all setup, we can start helping you out with key information delivered as blog postings right here at autoshippingforu.com!

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