Rickmers Maritime & FSL

Have been follwoing the shipping industry for a few years now. Read about shipping (both construction and orders) over capacity to the tune of 125% above that is required. However, I feel for the next 1-2 years, both Rickmers and FSL are good investments - FSL being slightly better than Rickmers.

I wont write here how I arrived at my target price, but will just mention the TP. Let us wait and see if what i say will be true or not.

Rickmers (Buy range): $0.51-0.54 until sept/oct 2009 (with CD for quarter) and $0.48-0.51 between oct2009 and april 2010 (XD for oct).

Rickmers (Sell range): $0.59 and above until september 2009 and $0.55 and above between Oct2009 and April2010.

FSL ( Buy range): 0.58-0.61 until December 2009. Too early to predict for 2010.

FSL ( Sell range): 0.68-0.70 until December 2009.