If you read the Chinese article below, you will understand why even though capesize index is correcting yet maybulk will enjoy higher profits in the coming quarters..

https://m.cnyes.com/news/id/4752797?utm_source=fbfan&utm_medium=news&exp=b

Remember, panamax, supramax and handysize indices are sky high, and even if they have some minor correction maybulk will still reporting the highest eps in a decade's time...

Capesize will have to correct, USD60k-90k charter rate per day is way too high already.. The whole world, our country including you and I will be the victims and suffer if it continues to shoot and doesn't correct..

As for Maybulk, by disposing two older ships at a +75% premium price will turn it around into a net cash company.. And for a cash rich shipping company, what makes us think that it can't purchase more modern and more carbon efficient ships in the coming quarters? Don't forget maybulk bought in 3 new kamsarmax around 2019, at the time when bdi was very much lower than now..

From my observations, more and more medium-long term investors are coming in... and that's really good news... by looking at the history, it can't help but has to go through the process.. if it manage to get over this, 2.00 is going to be a reality.