Shipping Industry 04 (Oct 16 - Feb 20)

Re: Shipping Industry 04 (Oct 16 - Dec 19)

Postby winston » Fri Jan 25, 2019 11:05 pm

Global shipping rates slump in latest sign of economic slowdown

by Henning Gloystein

The Baltic Dry Index, measure of ship transport costs for materials like iron ore and coal, has fallen by 47 percent since mid-2018.



Source: Reuters

https://www.reuters.com/article/us-ship ... SKCN1PJ0BQ
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Re: Shipping Industry 04 (Oct 16 - Dec 19)

Postby investar » Sat Jan 26, 2019 3:51 am

Crude oil shipper Euronav (EURN) posted decent results yesterday.

The CEO said the best buy at this moment are their own shares.
The stock did not react positively after the results, though.
Seems a good buy among the shippers.

from
https://www.marinelink.com/news/tankers ... art-462087

"VLCC (very large crude carriers) freight rates trading at rates not seen in the last two years demonstrate an already tight balance between tanker demand and supply," Chief Executive Paddy Rodgers said in a statement.

Though the final quarter of the year is typically the strongest for tanker companies because of seasonal oil demand, the company said returning OPEC barrels, rising U.S. exports and record Chinese imports were other factors driving freight rates.

The company said the average spot rate for VLCC fleet in the Tankers International pool in the fourth quarter was $34,959 per day and it further rose to $41,000 so far in the first quarter of 2019.
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Re: Shipping Industry 04 (Oct 16 - Dec 19)

Postby behappyalways » Fri Feb 01, 2019 7:29 pm

Drewry: World Container Index up by 11.7% on the Year
https://www.hellenicshippingnews.com/dr ... -the-year/
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Re: Shipping Industry 04 (Oct 16 - Dec 19)

Postby behappyalways » Sun Feb 17, 2019 4:27 pm

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Re: Shipping Industry 04 (Oct 16 - Dec 19)

Postby behappyalways » Wed Feb 20, 2019 8:40 am

Container Shipping: The Many Pitfalls In The Coming Months Will Decide The Fate Of The Year
https://www.hellenicshippingnews.com/co ... -the-year/
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Re: Shipping Industry 04 (Oct 16 - Dec 19)

Postby behappyalways » Sun Mar 03, 2019 3:43 pm

BIMCO’s Peter Sand Suggests Weaker Prospects Do Not Bode Well For Dry Bulk Or Container Sectors
https://www.hellenicshippingnews.com/bi ... r-sectors/
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Re: Shipping Industry 04 (Oct 16 - Dec 19)

Postby behappyalways » Tue Mar 05, 2019 12:11 pm

Scrap book 2018: a record breaking year
https://www.hellenicshippingnews.com/sc ... king-year/
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Re: Shipping Industry 04 (Oct 16 - Dec 19)

Postby behappyalways » Wed Mar 06, 2019 3:43 pm

CMA CGM’s debt levels to soar above $15bn this year
https://splash247.com/cma-cgms-debt-lev ... this-year/
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Re: Shipping Industry 04 (Oct 16 - Dec 19)

Postby behappyalways » Fri Mar 08, 2019 10:00 am

Maersk’s Skou bows out of box shipping’s arms race
https://splash247.com/maersks-skou-bows ... arms-race/
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Re: Shipping Industry 04 (Oct 16 - Dec 19)

Postby behappyalways » Thu Apr 11, 2019 1:43 pm

Martyn Wade, CEO of Grindrod Shipping, mused whether the sector’s business model is broken, memorably quipping: “We build ships for 25 years and get good rates for maybe four. We have to put in a Rolls-Royce but get paid for a Jallopy.”


Maritime CEO Forum: Is the dry bulk business model fundamentally broken?
https://splash247.com/maritime-ceo-foru ... ly-broken/
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