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Medical Marijuana, Inc. Message Board

before_its_news 247 posts  |  Last Activity: 10 minutes ago Member since: Aug 7, 2012
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  • before_its_news by before_its_news 10 minutes ago Flag

    MMs having a real hard time holding the price

  • Reply to

    MMs really building up the ask

    by before_its_news 1 hour 50 minutes ago
    before_its_news before_its_news 1 hour 46 minutes ago Flag

    Nevern mind, somebody just bought a whole capesize of shares

  • before_its_news by before_its_news 1 hour 50 minutes ago Flag

    trying to keep the price down. Its going to be very hard for tem to hold the price if the BDI keps rising

  • Reply to

    opportunity to accumulate shares

    by before_its_news Aug 20, 2014 3:15 PM
    before_its_news before_its_news Aug 20, 2014 3:19 PM Flag

    all you can eat at $3.21 - $3.22 a share. Get 'em while they're hot. When they run out, they're gone forever.

  • before_its_news by before_its_news Aug 20, 2014 3:15 PM Flag

    It looks like they are not going to let the price rise today, so its a good time to get some shares on the cheap just before Golden September and Silver October.

  • Urbanisation drive on mainland expected to push up the fuel’s imports at Qinhuangdao port, which is seen as a barometer of economic health

    Qinhuangdao, home to the mainland’s largest coal port that has been called an indicator of Asia’s biggest economy, is set for record commodity deliveries over the next three years as urbanisation boosts demand for the fuel.

    Shipments of mainly coal and ores via the port may rise by 20 million to 30 million tonnes by 2017, said Xing Luzhen, the chairman of Qinhuangdao Port. Supplies hit a record high of 279 million tonnes in 2011.

    Power demand on the mainland, the world’s largest energy consumer, is accelerating as a growing rural population uses more household appliances and as urban residents buy more electric cars, according to Xing. The country depends on coal for 66 per cent of its energy, data from the National Energy Administration show.

    “Qinhuangdao port’s coal business will keep rising together with China’s coal consumption, a trend that may last for at least the next 20 years,” Xing said.

    The port, the delivery point for about 40 per cent of the mainland’s seaborne coal, is a barometer of the economy, former premier Wen Jiabao said in 2008. Gross domestic product rose 7.5 per cent in the April-June period from a year earlier, the first acceleration in three quarters.

    Qinhuangdao Port, listed in Hong Kong, also operates two facilities in the Bohai Rim in the mainland’s northern area and had a record throughput of 365 million tonnes in 2013. Its new terminal in Caofeidian, with an annual capacity of 50 million tonnes, may begin trial operations this year, Xing said.

    The company offers integrated services in container cargo, crude and oil products as well as liquid chemicals. It began as an independent dry-bulk facility that relied on coal for 90 per cent of its business until 2002. The fuel’s share of total volumes handled declined to about 70 per cent last year, mainly displaced by container cargoes and metal ores, according to Xing.

    Qinhuangdao Port will benefit from having stable contracts of as long as 10 years that cover about 70 per cent of throughput, according to Xing.

    The company, which made one of the six largest Hong Kong initial public offerings last year, will report first-half earnings on August 22.
    “Every year we’re looking at buying overseas ore and coal ports,” Xing said, adding they studied facilities in Europe and Canada.

  • China Import: Iron Ore Imports Rising Sharply, To be Steady in August

    Aug. 12, 2014


    Iron Ore imports is rising sharply and is espected to be steady in August.

    In July 2014, imports of iron ore and concentrates of China was 82.52 million tons, an increase of 12.82 percent on a YoY basis and an increase of 10.67% compared with that of last month; average unit price of imported iron ore and concentrates was U.S. $92.28/ ton, a decrease of 22.10% on a YoY basis and a decreaseof 9.96% compared with that of last month. In July 2014, influenced by the improved operation of steel mills, the profitability of the domestic crude steel production goes high. As a result, high operating rates makes great contribution to higher iron ore imports.

  • before_its_news before_its_news Aug 20, 2014 12:19 PM Flag

    "Leaviss added that the timing of the Russian sanctions against the EU and the rise in the index might not be a coincidence, possibly reflecting that Russia might be having to ship goods, including food, from further away now that it cannot import from the EU."

  • before_its_news by before_its_news Aug 20, 2014 12:17 PM Flag

    On Monday one of the major container shipping organisations urged fleet owners to raise rates on their Asia to US routes by at least $600 per 40-foot container, an increase of 14% from current levels.

    Transpacific Stabilisation Agreement (TSA), a lobby group for operators between the US and Asia, said the planned increase followed strong cargo demand and higher capacity levels in recent months, which forward bookings suggest will continue through September.

  • Baltic Dry daily index of costs for shipping freight up more than 40% in a month, indicating sharp rise in demand

    A measure of global trade has soared over the past fortnight, signalling a possible return to health of the world economy.

    The Baltic Dry daily index of shipping costs has jumped by more than 40% in a month, soaring to 1,042 since it hit a post crash low of 732 in July.

    The jump in prices for sending freight goods around the world indicates that shipping firms are seeing a sharp rise in demand for their services.

    Figures from Lloyds List show the index performed badly throughout 2013 and the first half of 2014, when many shipping companies reported losing money on each container ship, many of which sailed half empty. A gentle rise in prices charged by shippers since early July has accelerated in the last two weeks, taking many analysts by surprise.

    Jim Leaviss, head of fixed interest at M&G Investments, said: "Although it's a pretty volatile indicator there is a strong relationship between the cost of shipping bulk cargo – generally intermediate goods like metals – and the strength of the global economy. So the recent 40% rise in the Baltic Dry Index might well be telling us that the global recovery is back on track after a pretty patchy first half of 2014."

    Leaviss added that the timing of the Russian sanctions against the EU and the rise in the index might not be a coincidence, possibly reflecting that Russia might be having to ship goods, including food, from further away now that it cannot import from the EU.

    David Blanchflower, professor of economics at Dartmouth College, New Hampshire, and a former Bank of England policymaker, said the Baltic Dry was traditionally a key indicator of the health of global economy, illustrated by the sharp fall in the index between May and December of 2008.

    "The fall in 2008 was the most catastrophic collapse of any indicator in the Great Recession. The question now is, does it indicate a turnaround? The rise might be driven by an increase in demand, or a fall in ship supply, or both."

    On Monday one of the major container shipping organisations urged fleet owners to raise rates on their Asia to US routes by at least $600 per 40-foot container, an increase of 14% from current levels.

    Transpacific Stabilisation Agreement (TSA), a lobby group for operators between the US and Asia, said the planned increase followed strong cargo demand and higher capacity levels in recent months, which forward bookings suggest will continue through September.

    Its members include 15 of the world's biggest container shipping lines such as Denmark's Maersk Line, a unit of A.P. Moller-Maersk, privately owned Switzerland-based Mediterranean Shipping Company (MSC), French privately held CMA CGM, China's COSCO Shipping and Korea's Hanjin Shipping.

    TSA executive administrator Brian Conrad said prices should go up from 1 September to reflect higher demand and offset losses from last year.

    "Lines have made modest revenue gains to date this year, but they continue to struggle in terms of returning to profitability," he said.

    The container shipping industry has been struggling as vessel capacity has outstripped the volumes of goods for transport in the global economic downturn.

    More than 90% of the world's trade is carried by sea, but the overcapacity meant freight rates plunged to unprofitable levels for most carriers in 2013.

    Spot freight rates are calculated and published every week by Shanghai Shipping Exchange. Last week rates for transport of 40-foot containers from Asia to the U.S. West Coast stood at $4,218.

    The Baltic Dry, which is a composite of costs across all major shipping routes, is issued daily by the London-based Baltic Exchange and provides "an assessment of the price of moving the major raw materials by sea".

    Mearsk parent, AP Møller-Maersk, gave a further indication of a return to health on global shipping route after it said better than expected profits in the second quarter of the year meant it would offer shareholders a £1bn buyback.

    The Danish owner of the world's largest container shipping line also upgraded its prediction of full year profits to more than $4.5bn, up from its already raised forecast of $4bn three months ago.

    Maersk Line, which transports about 15% of seaborne freight, is considered a good proxy for global trade.

  • Reply to

    The Revival Of The Dry Bulk Shipping Industry

    by before_its_news Aug 20, 2014 10:11 AM
    before_its_news before_its_news Aug 20, 2014 11:54 AM Flag

    I agree completely. I don't remember ever seeing so many job openings.

  • Reply to

    The Revival Of The Dry Bulk Shipping Industry

    by before_its_news Aug 20, 2014 10:11 AM
    before_its_news before_its_news Aug 20, 2014 10:27 AM Flag

    Also, I don't know if anyone has noticed, but there are a LOT of job opening listings for workers in the dry bulk industry. I saw one list that had 76 openings for Operations Managers. Nice salaries too, anywhere from 100-500K per year.

  • The Baltic Dry Index is on its way up, on the back of greater iron ore shipping, indicating a strengthening global economy

    Published: August 20, 2014 at 9:22 am

    The Baltic Dry Index (BDIY) – which tracks the movement of the average prices of shipping goods by sea – has seen a revival in the last month. The index had slumped 67.8% since the beginning of the year, recording a low of 723 points on 22 July. It has since made a comeback, however, having sharply risen to 1,040 points – up 38.3% since the start of August.

    Iron ore producers blamed unfavorable weather for the lower production in the initial months of the year, which caused a drop in the demand for shipping. The decreased demand compelled shipping companies to operate at lower capacity (running their ships half-empty at times), which resulted in lower revenue per voyage.

    The revival of the Index is a testament to the strengthening global economy, with increasing prices the result of greater demand for shipping in the last month. Analysts believe that the shipping price increase is largely driven by iron ore shipments.

    The three companies that dominate the global production of iron ore – Rio Tinto plc (RIO), BHP Billiton Limited (BHP) and Vale SA (VALE) – announced an increase in iron ore production in their second-quarter operational reviews.

    BHP Billiton said second-quarter iron ore production was 56,643 kt, 19% more than production at the same time last year, and 15% higher than in its first fiscal quarter.

    Rio Tinto produced 73.1 mt of iron ore, 11% greater than the same quarter last year, and 10% higher than the preceding quarter.

    Vale produced 79,448 kt of iron ore, 12.6% higher than the second quarter last year, and 11.8% greater than the previous quarter.

    Dry Ships Inc. (DRYS) and Navios Maritime Holdings Inc. (NM) are the largest players in the global shipping industry, and the movement in the stocks has largely followed the Baltic Dry Index’s trajectory.

    Dry Ship stock declined 33% January-July, but gained 14% in August. Navios Maritime stock was down by around 25% in the same period, but has also surged back in August, rising 14.8%.

  • THE demand side for container shipping continues to improve on a global scale. The winter weakness in the United States of America and still-sluggish demand in Europe has been offset by continued strong demand on North-South trades in the Atlantic basin and improving conditions on the ever-strong intra-Asian trading lanes, the Baltic and International Maritime Council (BIMCO) said in its latest report.

    Demand-side growth is outstripping supply-side growth now, which is something that improves the fundamental balance in the market. This difference is 1-2%, not a landslide change from one day to the next, but a most welcome move in the right direction.

    The spot freight rate average of 2014 (January-August) is USD 1,281 per TEU, 19.5% higher than the USD 1,072 per TEU recorded for the same period last year. On trans-Pacific to US West-Coast, rates have fallen 14% over the same period.As operators on the Far East to Europe trading lanes tread very carefully in order to avoid putting too many ships into service on that market, freight rates have responded positively to the effects of slow-steaming, blank sailings, and outright cancellations.

    As reported by BIMCO, the time charter market for Panamax sized ships and those smaller in capacity and with a beam less than 32.25 metres is not doing well at the moment.

    "The prospects of any significant change are not good, as cascading takes its toll and more efficient and cost-effective ships make their way down through the trading lanes," BIMCO explains.

    Current daily charter rates are between USD 4,600 and USD 9,400 per day for ships with a capacity ranging from 700 TEU to 5,300 TEU. For the larger ship sizes, wide-beamed 5,000 TEUs and those with higher capacity, charter rates are stronger, but still not impressive.

    The optimism in the freight market is reflected by the redeployment of idle ships into active service, in particular those with a charter party attached.

    When looking at the supply side growth in 2014 so far, the reintroduction of tonnage must also be considered as part of the equation. This has added another 540,000 TEU to the newbuilt deliveries before subtracting ships sold for demolition. According to Alphaliner, 119 ships with a combined capacity of 230,900 TEU were idle as at 28 July.

    For the full year 2014, BIMCO expects ships with a combined capacity of 500,000 TEU to be sold for demolition. This is why BIMCO believes that idling is a very effective, but also temporary, tool to adjust the deployed fleet growth up as well as down. Year-to-date scrapping amounts to 305,000 TEU.

    Year-to-date, 997,000 TEU of new containership capacity has entered the fleet. BIMCO forecasts a six-year-high on new ship deliveries, amounting to a bit more than 1.4 million TEU.

    As the record scrapping level takes its toll, BIMCO expects the fleet growth to be 5.3% in 2014.

  • Qinhuangdao, home to China’s largest coal port that’s been called an indicator of Asia’s biggest economy, is set for record commodity deliveries over the next three years as urbanization boosts demand for the fuel.

    Shipments of mainly coal and ores via the port, also a popular resort where the late Chairman Mao Zedong holidayed, may rise by 20 million to 30 million metric tons by 2017, Xing Luzhen, the chairman of Qinhuangdao Port Co. (3369), said on Aug. 14. Supplies hit a record high of 279 million tons in 2011.

    Power demand in China, the world’s largest energy consumer, is accelerating as a growing rural population uses more household appliances and as urban residents buy more electric cars, according to Xing. The country depends on coal for 66 percent of its energy, data from the National Energy Administration show.

    “Qinhuangdao port’s coal business will keep rising together with China’s coal consumption, a trend that may last for at least the next 20 years,” Xing said in the northern city, where the Great Wall meets the Bohai Bay.

    The port, the delivery point for about 40 percent of China’s seaborne coal, is a barometer of the nation’s economy, former Premier Wen Jiabao said in 2008. Gross domestic product rose 7.5 percent in the April-June period from a year earlier, the first acceleration in three quarters.


    Photographer: Sarah Chen/Bloomberg
    The unloading facility at Qinhuangdao Port. The port, the delivery point for about 40... Read More
    Qinhuangdao Port, listed in Hong Kong, also operates two other facilities in northern China’s Bohai Rim and had a record total throughput of 365 million tons in 2013. Its new terminal in Caofeidian, with an annual capacity of 50 million tons, may begin trial operations as early as this year, Xing said.

    Coal Contracts

    The company currently offers integrated services in container cargo, crude and oil products as well as liquid chemicals. It began as an independent dry-bulk facility that relied on coal for 90 percent of its business until 2002. The fuel’s share of total volumes handled declined to about 70 percent last year, mainly displaced by container cargoes and metal ores, according to Xing.

    Qinhuangdao Port will benefit from having stable contracts of as long as 10 years that cover about 70 percent of throughput, according to Xing. Its long-term customers include Shenhua Group, China National Coal Group, China Datang Corp. and China Guodian Corp., he said.

    The company, which made one of the six largest Hong Kong initial public offerings last year, will report first-half earnings on Aug. 22.


    Source: Qinhuangdao Port Co. via Bloomberg
    Xing Luzhen, chairman of Qinhuangdao Port Co.
    “Every year we’re looking at buying overseas ore and coal ports,” Xing said, adding that Qinhuangdao Port has studied facilities in European countries and Canada.

  • before_its_news before_its_news Aug 19, 2014 11:48 PM Flag

    I posted the article. This does not seem to be a big deal. The ship is no longer detained.

  • before_its_news by before_its_news Aug 19, 2014 5:23 PM Flag

    Improvements in the dry cargo market slowed today after a strong run in recent sessions.

    Capesize rates inched up amid continued activity in the iron ore trades and suggestions another strong week is in store.

    Capesizes:

    Rio Tinto and BHP were both active today but there was no reported business out of Brazil which has been the source of much of the improvements in recent days.

    Rio Tinto has fixed a cape in Dampier for Qingdao at $8.95 per tonne, while BHP took the CHS World (built 2006) from Cargill at $8.80 per tonne on the Australia to China route.

    A SwissMarine cape is also making the Port Hedland for Qingdao crossing at $8.80 per tonne, while POSCO has taken in an Oldendorff vessel in Port Hedland for Kwangyang and or Pohang at $8.10 per tonne.

    Panamaxes:

    Brokers report limited activity in both basins with owners' and charterers' rate ideas some way apart.

    Marubeni has fixed the 77,100-dwt Kypros Land (built 2014) in South America for Singapore-Japan at $15,000 daily and a $500,000 bonus.

    Supramaxes:

    ICAP says rates off the North continent remain firm even if earnings have yet to hit levels owners have been requesting elsewhere in the Atlantic Basin. The Pacific also continues to firm, the broker says

    The 58,000-dwt Bernina (built 2011) was picked up for two laden legs out of Lisbon at $13,000 daily.

    OOS has fixed the 57,900-dwt Bulk Uruguay (built 2011) in Map Ta Phut for South East Asia and Singapore at $8,500 daily.

  • before_its_news before_its_news Aug 19, 2014 4:49 PM Flag

    DryShips bulker detained

    A bulker controlled by the jewel of George Economou’s shipping empire appears to have landed in hot water with the US Coast Guard (USCG).

    DryShips, which trades the Marbella in the spot market, is led by chief executive George Economou.
    .

    The agency’s most recent rundown of port detentions includes an overview of an inspection involving the 72,600-dwt Marbella (built 2000), which was held in Mobile, Alabama when officials uncovered infractions related to the ship’s oil record book (ORB).

    The organisation questioned the authenticity of the documents that were presented to a port state control officer (PSCO) and the crew’s compliance with ​Annex I of The International Convention for the Prevention of Pollution from Ships (Marpol).

    “The soundings that are recorded in the ORB and the official soundings logged daily are not consistent with the soundings recorded in the vessel’s rough log, primarily related to the waste oil tank,” the USCG wrote in a report that detailed the findings of the inspection.

    According to the Equasis database the Marbella was detained for four days and underwent an inspection at the same port less than two weeks later. At the time, regulatory filings indicate that the panamax was controlled by diversified Greek owner DryShips.

    USCG spokesman says he “doesn't know” whether the agency intends to take further action but confirmed it’s not uncommon to see operators of tonnage cited for Marpol violations subjected to heightened scrutiny in the wake of a US detention.

  • before_its_news by before_its_news Aug 19, 2014 3:36 PM Flag

    getting close to market close.

  • before_its_news by before_its_news Aug 19, 2014 12:24 PM Flag

    Greek shipping company Freeseas continue to rise 28 percent, due to rising BDI achieve 11

    2014-08-19 10:22:18 | Source: great wisdom AAStocks Agencies | I want to share

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    Great wisdom AAStocks news agency August 19 hearing, the Greek shipping company Freeseas (NASDAQ: FREE) shares rose nearly 28 percent on Monday, significantly outperforming the broader market. Baltic Dry Index (BDI) to achieve eleven rising, promote company's share price rose sharply.

    As of Monday's close, Freeseas shares closed up 27.99 percent, to close at $ 0.91. Recently four days its stock rose a staggering 97.83%.

    Stocks of dry bulk shipping sector most other stocks also rose, outperforming the broader market. Paragon Shipping (NASDAQ: PRGN) shares closed up 4.84%; Navios Maritime (NYSE: NM) shares closed up 4.3%; Star Bulk Carriers (NASDAQ: SBLK) shares closed up 3.55%; Safe Bulkers (NYSE: SB) shares closed 3.36 percent; Diana ship (NYSE: DSX) shares closed up 1.96%; Baltic Trading (NYSE: BALT) shares closed up 1.71%; Dryships (NASDAQ: DRYS) closed up 1.56 percent.

    Freeseas is a NASDAQ-listed in the Greek shipping company, mainly engaged in the dry bulk transport, transport of goods, including iron ore, coal, grain and steel products. All along, FreeSeas's stock price is closely related to the degree measure of the global shipping industry boom of the Baltic Dry shipping price index.

    Message level, BDI closed up 2.66 percent, to close at 1,042 points, the highest since April 9 this year, a new high. It has the eleventh consecutive trading days ended higher, the cumulative increase reached 38.75%.

    Rising for the last eleven cases still occur in early March of this year. This year February 25 to March 11 this eleven trading days, BDI continuous rise, the cumulative increase reached 34.58%.

    SG Securities analyst Ji Yuntao said that the current state of the shipping industry at the bottom of the recovery, long-term bullish on the industry's supply and demand elasticity improvement and profitability, but production industry overcapacity more serious, and currently ship orders still more, to production is a slow process, the shipping industry in the coming years will show a moderate recovery trend.

    It is great wisdom Newswires comb (Micro Signal DZH_news), A-share market influenced by the BDI shipping companies including CSCL (601866.SH), China Shipping Development (600026.SH), COSCO Shipping (600428.SH), China COSCO (601919.SH) and CMES (601872.SH) and so on.

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