A Look At The Baltic Dry Index And Performance Of Shipping Stocks

A Look At The Baltic Dry Index And Performance Of Shipping  Stocks

 

The Baltic Dry Goods Index has had a rather difficult year. The index on a  year-to-date basis is down approximately 44 percent.

This is a critical assessment, as  "Changes in the Baltic Dry Index can give investors insight into global supply  and demand trends."

The delta is considered a leading indicator, with rising values indicating  growth and decreasing values indicating as a contraction.

On a macro scale, this is critical. The index has had a major move to the  upside in the past month. For October 2014, the index is up 20 percent and in  the last two weeks, BDIY is up from the lows of 930, to post a 38 percent  gain.

This could fuel a move to the upside of Dry Bulk Shippers, but a cursory  look yields surprising results

Read more: http://www.benzinga.com/general/education/14/10/4962624/a-look-at-the-baltic-dry-index-and-performance-of-shipping-stocks#ixzz3IdC0D2w7

Freight Rate Peak for 2016

November 03, 2014

Freight Rate Peak for 2016

BY MAREX

The supply/demand imbalance that drove dry bulk markets down to 2009 levels during the first half of the year is set for adjustment, with Newport Shipping Group predicting an improved tonnage balance over the next couple of years, resulting in a freight rate peak in the 2016/2017 period.

“The dry bulk markets during the first half of 2014, especially Panamax, Supramax and Handysize, have not been at these low levels since the financial crisis in early 2009,” said Harald Lone, Chairman of Newport Shipping Group [pictured].

“Strong supply growth combined with a decline in most of the major coal trades pushed spot earnings for Panamaxes to just above US$3000 per day in Q1 2014, well

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DP World: Jebel Ali and London Gateway Volumes Grow

WMN 28.10.2014

 

DP World Limited handled 44.8 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first nine months of 2014, with gross container volumes growing by 9.0% on a like-for-like basis. 

On a reported basis gross container volumes grew by 10.1% with new volume at London Gateway (UK) and Embraport (Brazil) contributing to the increase.

Growth for the nine month period was largely driven by the Asia Pacific and India Subcontinent region, Europe and UAE terminals. The UAE delivered another strong performance handling 11.4 million TEU, representing growth of 12.6% year-on-year. We remain encouraged by the performance in Europe, which continues to display strong volume growth.

At a consolidated level, DP

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Charter specialist Danaos has a ‘solid’ Q3, despite ‘weak’ container shipping market

Charter specialist Danaos has a ‘solid’ Q3, despite ‘weak’ container shipping market

By Mike Wackett
10.30.2014 · Posted in Loadstar posts, Sea Add to favorites

Greek boxship owner Danaos has warned that the continued delivery of ultra-large container vessels (ULCVs) for deployment on the Asia-Europe tradelane, and the subsequent cascading of smaller ships into other routes is negatively impacting both freight and charter rates.

Announcing the New York Stock Exchange-listed company’s third-quarter results today. chief executive Dr John Coustas said the demand-supply fundamentals of the container market “remained weak”,

“As the super post-panamaxes continue to be delivered and deployed in the Europe-Far East route, the capacity being cascaded inevitably creates overcapacity in the remaining routes, adversely affecting box freight rates and charter rates. Demand is not helping either, as world

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US shipping share blues

US shipping share blues

New York-listed shipping stocks took a beating Monday as negative sentiment failed to take a day off for the Veterans Day bank holiday.

Shares were down on the New York Stock Exchange.

At least 24 cargo shipping company stocks lost more than 5% in the day, including several of the two exchanges’ largest shipowners by market capitalisation.

Analysts tied the drops to negative data out of China, including the announcement of a coal import tariff, not to mention concerns about oil growth and the global economy.

DryShips led the charge, as TradeWinds already reported earlier today, plunging by 21% to $1.47 after the George Economou-led company announced that it was withdrawing a notes offering.

Greece’s Costamare led declining containership owning shares

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