Thoughts on EXM?

I was thinking of picking up a shipper, and I have been leaning toward EXM, but there is one thing that concerns me and that is the age of their fleet. Does anyone have any thoughts on the shipping sector?

I like EXM, but also Diana (DSX) and Global too. The single most important thing is the day-rate for each ship, multiplied by the length of the contract they can tie it up for. The Baltic dry shipping rates can be found many places with a google search (I hesitate to endorse any one site) for a rough idea of current contracts. Panamax vessels coming off-lease go for about $80-90k/day right now. And, particularly a good sign, there is not much new tonnage coming on-line for '08!

Tankers appear to be a good buy here.

EXM is ok, however my top pick in the sector in TNP (Tsakos Energy Navigation), they appear to have the best and youngest fleet. GMR is ok as well.

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