美林：亚太地区航运行业分析  11月23日  PDF  11页

1.We mark to market our BDI forecasts for 2007

2.Forward curve imply strong 1Q and 2Q08 rates

3.Seasonal trends indicates downside risk in 2H08

4.Vessel conversions and delays in deliveries

5.Near-term conditions remains stable

6.Selected stocks to see continued upside