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Mixed Fleet - Listed Company News
Sep 05, 01:07 PM - EUROSEAS LTD. TO PRESENT AT THE WACHOVIA 2ND ANNUAL 2008 TRANSPORTATION AND PACKAGING CONFERENCE Sep 05, 07:38 AM - Zacks #1 Rank Additions for Friday (Zacks.com) Sep 04, 06:47 PM - Euroseas Ltd. to Present at the Wachovia 2nd Annual 2008 Transportation and Packaging Conference Sep 03, 10:35 PM - Zacks Releases Four Powerful ''Buy'' Stocks: ManTech International Corp., General Dynamics Corp., Aeropostale and Euroseas Limited » More News.. Mixed Fleet - Industry Reports March 10, 2008 DRYBULK NEWSLETTER - Barry Rogliano Salles Sentiment turned again last week in the dry bulk market and substantial gains were logged across the board. In particular the Capesize and Panamax indices recorded increases of close to 15%. There was no clear reason for the turnabout, although stems from Brazil have started to pick up again and the outlook looks good for April.  View Report
February 28, 2008 Dry Bulk Insight - Drewry Shipping Consultants Ltd The New Year started on a very negative note for the dry bulk market as it suffered severe downward revisions. The Baltic Dry Index (BDI) came off its historic high levels to a six month low of 5,615 points, after starting the year at 8,891 points and setting an historic record of 11,039 points in mid November. The Drewry Earnings Index also fell by 19% over the month to reach 980 points. A number of factors affected activity levels; the Chinese withheld their iron ore imports because of the iron ore price negotiations and drew from inventory stock. Coal supplies to the country were also disrupted by severe weather conditions in China and power crisis in some of the major exporting countries. View Report
February 18, 2008 DRYBULK NEWSLETTER - Barry Rogliano Salles The Baltic Dry Index jumped 1,000 points last week as confidence returned to the dry bulk market and expectations grew for more iron ore cargos. Freight rates have now returned to mid-January levels. Optimists were quickly rewarded with the signing of the first major iron ore contract. Asia's three largest steelmakers, Posco, JFE and Wuhan, announced they will pay Brazil’s Vale a 65% price increase for ore in 2008. JFE also confirmed it will pay a 71% increase for Vale’s higher grade ore. This has fuelled speculation that Australia’s mines will seek a similar amount based on the quality of their product. It is the sixth year in a row that iron ore producers have won record price increases. More good news out of Brazil, meanwhile, after Vale confirmed it would re-open its Itaguai ore terminal on February 19. The closure of the terminal, which handles 68,000 tonnes of ore per day, was regarded as a major factor in January’s rate correction. Meanwhile, the Panamax market recorded the biggest improvement last week – an increase of over 20% - as disruption continued in the coal markets. Rio Tinto became the fifth Australian coal miner to declare force majeure due to weather-related problems. Market confidence has already spread to the futures market and forward rates for the remainder of 2008 were well above spot levels in all sizes last week. View Report
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