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Containers - Listed Company News
Sep 05, 04:45 PM - Matson lowers fuel surcharge (at bizjournals.com) Sep 05, 01:52 PM - Alexander & Baldwin to trade on NYSE Sep 04, 02:09 PM - ALEXANDER & BALDWIN INC Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Sta (EDGAR Online) Sep 04, 02:05 PM - Alexander & Baldwin to trade on NYSE Sep 04, 11:22 AM - Don't jump into these high-dividend stocks right now (at MarketWatch) Sep 04, 09:19 AM - Alexander & Baldwin, Inc. Announces Intent to List on New York Stock Exchange » More News.. Containers - Industry Reports September 05, 2008 WEEKLY MARKET REPORT - Weberseas September 03, 2008 WEEKLY MARKET REPORT - Fearnleys August 29, 2008 WEEKLY MARKET REPORT - Golden Destiny August 27, 2008 WEEKLY - Fearnleys The massive decline in VLCC rates seen over the last several weeks came to a halt mostly because the extreme threshold of pain from an owner´s perspective had already been reached. With owners slow steaming to effectively reduce the size of the position list as well as refusing to accept previously established rates, we have begun to see something of a turnaround in this market. The WAF Suezmax market also experienced a bottoming out and a marginal increase in rate levels even though tonnage for the moment remains plentiful. There were also hints that Suezmaxes in the Med/Bsea are seeing the first signs of a burgeoning firming tendency in spite of ample availability of tonnage. Aframaxes in the Med saw rates come off a bit due to reduced activity as did Aframaxes in the Nsea. Nonetheless, the tonnage list in the Nsea was visibly shorter and this could bode well for the future. Aframaxes in the Caribs experienced a considerable increase in rate levels (now at ws245) in brisk trading... August 22, 2008 WEEKLY MARKET REPORT - Weberseas Another correction of the indices this week, with the exception of the supramax index which rose by 4.5%. The capesize index lost a bit more than 10% this week with subdued activity as the Olympic games come to an end this weekend (please note that it rose almost 15% last week). Of course, this was to be expected since shipping as we know is a cyclical business with reduced activity in the summer months. Therefore, this is not the end of the market boom but rather an expected correction. We expect September to be an interesting month as we are slowly starting to see an increase of cargoes for that month... |
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