【出版时间及名称】：2009年11月美国干散货海运行业研究报告
        【作者】：
        【文件格式】：PDF
        【页数】：
        【目录或简介】：
Table of Contents
Investment Perspective Page 2
Rates Assumptions & Forecasts Page 3
Change in Tanker & Dry Bulk Forward Sentiment Page 4
Morgan Stanley Valuation Summary & Estimates Page 7
Consensus EPS Revisions Page 9
TCE Expectations & Charter Exposure Matrix Page 10
Asset Markets, Trading & Valuation Summary Page 14
Relative Valuation and Comparative Metrics Page 16
Net Asset Value Calculations: Tankers and Dry Bulkers Page 18
Shipping Market Indicators Page 20
Tanker Supply / Demand Model Page 24
Dry Bulk Macro Indicators Page 25
Dry Bulk Supply / Demand Model Page 27
Equity Market Overview: Tankers and Dry Bulkers Page 30
Stocks Performance Review Page 31
Historical Price / NAV per Share: Tankers & Dry Bulkers Page 32
Valuation Methodologies and Investment Risks Page 46