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Tag: DSX
who is the big gorilla...coal?
by gfsaunders August 12, 2008 11:29 AM Who knows or how do you find out who ships what and from where? As coal demand continues to grow, would like to know. Same for other dry bulk cargos. Thanks for the help. GFS Comments (2)
INQUIRY
by farhanmustafa50@yahoo.com June 25, 2008 02:48 AM Dear Sir Kindly send me below inquiry Best Regard FARHAN MUSTAFA Comments (0)
Baltic Dry Index Has Record Decline as Port Congestion Eases - June 12 (Bloomberg)
by June 13, 2008 04:09 PM Baltic Dry Index Has Record Decline as Port Congestion Eases By Alistair Holloway and Alaric Nightingale June 12 (Bloomberg) -- The Baltic Dry Index, a measure of shipping costs for commodities, posted a record decline as port congestion eased and on speculation China may buy less iron ore. The index tracking transport costs on international trade routes dropped 963 points, or 8.7 percent, to 10,142 points, according to the Baltic Exchange in London today. Rates for so- called capesize vessels that typically haul iron ore for making steel fell 15 percent to $180,237 a day. ``There's potential for slowing iron-ore buying in China'' after the nation's stockpiles rose to a record, Peter Norfolk, a London-based shipping analyst at Simpson, Spence & Young Ltd., said by telephone. ``We have seen signs of port congestion coming down in China and Australia.'' Chinese authorities said today the nation's ports should submit plans by June 20 to cut inventories, reducing congestion. China, the world's biggest steelmaker, imported a record 42.9 million metric tons of iron ore in April. Rental rates for capesize carriers, normally used to ship about 170,000 metric tons of iron ore, have fallen 23 percent since climbing to a record $233,988 a day on June 5, according to the exchange. Chinese steel producers have yet to agree to new annual contract prices with Australian iron-ore suppliers such as Rio Tinto Group and have bought more ore from Brazil. BHP's Chief Executive Officer Marius Kloppers said on June 5 it ``would not be smart'' to forecast when agreement may be reached. Domestic Chinese iron-ore prices has been ``slipping a little bit down,'' Andreas Vergottis, a London-based research director at Tufton Oceanic Ltd., the world's largest shipping hedge fund, said by phone. Combined with shipping costs from Brazil there's less incentive for Chinese steelmakers to import iron ore, Vergottis said. Shipment of as many as 30 trainloads of iron ore to Brazil's ports was halted by protesters today. Iron-ore cargoes from Brazil to China are the largest market for commodity carriers, based on volumes and the amount of time it takes, according to Simpson, Spence & Young. ``We expect freight rates to fall further in the next few days, which could put further pressure on the sector companies,'' Petter Narvestad, a shipping analyst at Fondsfinans ASA in Oslo, said in a note to clients today. To contact the reporters on this story: Alistair Holloway in London at aholloway1@bloomberg.netAlaric Nightingale in London at Anightingal1@bloomberg.net Last Updated: June 12, 2008 11:25 EDTComments (1) |
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Shipping Companies
Message Board » Aegean Marine Petroleum (ANW) » Alexander & Baldwin Inc. (ALEX) » American Commercial Lines (ACLI) » Aries Maritime (RAMS) » Arlington (ATB) » Atwood Oceanics Inc. (ATW) » B & H Ocean (BHO) » Britannia Bulk (DWT) » Capital Product Partners (CPLP) » D'Amico International Shipping S.A. (DIS.IT) » Danaos Corp. (DAC) » Diana Shipping (DSX) » Double Hull (DHT) » DryShips (DRYS) » Eagle Bulk (EGLE) » Energy Infrast. (EII) » Ensco International Inc. (ESV) » Euroseas (ESEA) » Excel Maritime (EXM) » Freeseas (FREE) » Frontline (FRO) » Genco Shipping (GNK) » General Maritime (GMR) » Global Ship Lease, Inc. (GSL) » Globus Maritime Ltd (GLBS.L) » Golar LNG (GLNG) » Goldenport Holdings (GPRT.L) » Grupo TMM S.A.B. (TMM) » GulfMark Offshore, Inc. (GLF) » Hellenic Carriers Limited (HCL.L) » Hercules Offshore, Inc. (HERO) » Horizon Lines, Inc. (HRZ) » Hornbeck Offshore Services (HOS) » International Shipholding Corporation (ISH) » K-SEA Transportation Partners LP (KSP) » Kirby Corporation (KEX) » Knightsbridge (VLCCF) » Navios Holdings (NM) » Navios Maritime Acquisition Corp. (NNA) » Navios Maritime Partners L.P. (NMM) » Noble Corp. (NE) » Nordic American (NAT) » Oceanaut, Inc. (OKN) » OceanFreight (OCNF) » Omega Navigation (ONAV) » OSG America LP (OSP) » Overseas Shipholding Group (OSG) » Paragon Shipping (PRGN) » Pride International Inc. (PDE) » Rowan Companies Inc. (RDC) » Safe Bulkers (SB) » Seacor Holdings (CKH) » Seanergy Maritime (SRG) » Seaspan Corp. (SSW) » Ship Finance (SFL) » Star Bulk Carriers Corp. (SBLK) » StealthGas (GASS) » TBS International (TBSI) » Teekay LNG (TGP) » Teekay Offshore Partners L.P. (TOO) » Teekay Shipping (TK) » Teekay Tankers Ltd. (TNK) » Tidewater Inc. (TDW) » Top Ships (TOPS) » TORM (TRMD) » Transocean, Inc. (RIG) » Tsakos Energy Navigation (TNP) » Ultrapetrol (ULTR) » US Shipping Partners LP (USS) |
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