Why $20 is not gonna happen?
More dilution if this reaches$5
Huge market cap
Too many unknowns spy, bdi
Q1 2015 too many vessels will be kissing the salty waters
Wallstreet most likely will be done pumping by then and about to be done dumping
Todays market conditions everything possible
I tradE drys $10 is a very realistic target but if it goes over take it
All yours, enough for me $7
I won't be greedy especially if markets crash or pullback withtaperin bs
Brokers reported there was Vessel shortage in ports
Go read on PRGN board l copied bunch of stuff, even the most bearish ship broker is now bullish on rates
Should be a good week
drys prgn and nm,nmm, balt have very bullish chart set ups,
daily, weekly, and monthly great
"But Cape rates should be nothing to get excited about for the first half" if you can tell me who you are, then maybe this will make much more sense,
but even the shipbroker fearnes was very bearish on BDI wehn bdi fell back down to 1500 a week ago, all of a sudden he changed his sentiment.
ron-ore shipping costs extended a surge as demand accelerated to move the commodity from Australia and Brazil, the two largest supplier nations.
Rates for Capesize ships hauling 150,000 metric tons or more of the commodity jumped 16 percent to $33,475 a day, according to data from the Baltic Exchange, a London-based publisher of freight costs on more than 50 maritime routes. Swaps that traders use to bet on, or hedge, that same price jumped 11 percent, according to data from SSY Futures Ltd., a London-based broker of the contracts.
Record construction of ships over the past several years to transport commodities is starting to slow. The fleet’s combined transportation capacity expanded 6 percent this year, the least since 2009, according to data compiled by Bloomberg from IHS Maritime, a Coulsdon, England-based research company. Trade in iron ore, the main Capesize cargo, will grow about 7 percent this year and next, according to Clarkson Plc, the world’s largest shipbroker.
“It’s competition between the two supply centers: Brazil as well as Australia,” Alex Gray, the London-based chief executive officer of Clarkson’s derivatives business, said by phone. “Everyone this morning was well aware that the physical market was a lot stronger” and that caused swaps to gain.
Forward freight agreements traded at about $30,000 a day compared with a closing price of about $27,000, according to SSY Futures, a unit of Simpson, Spence & Young Ltd.
Australia is the largest iron ore exporter followed by Brazil. China buys about 65 percent of all seaborne cargoes.
China's iron ore imports are expected to rise 6.3 percent to a record of 850 million tonnes next year as steel output and consumption of the world's top consumer also push to new highs, an industry group said on Friday.
Steel demand in China, the world's largest producer and consumer, is expected to grow modestly next year as steel-consuming sectors except for shipbuilding improve from 2013, the institute said.
It forecast China's steel output to increase 3.8 percent to a fresh record of 810 million tonnes from an estimated previous record of 780 million tonnes for this year. Steel consumption will rise 3.2 percent to a new high of 715 million tonnes from 693 million tonnes, it said.
"The economy both at home and abroad is improving next year, but a significant recovery will be unlikely," China Metallurgical Industry Planning and Research Institute, an industry group that provides consultancy for government policies, said in a statement.
China imported a total of 668.3 million tonnes of iron ore during the first ten months of this year, up 10 percent from a year earlier, due to strong steel production, government data showed. Iron ore imports are forecast to hit 800 tonnes for the full year.
Steel output rose 8 percent to 652.5 million tonnes for January-October from a year earlier.
round this time of year, back in 2008, i.e. five years ago, the shipping markets were plagued with the aftermath of the global financial crisis that caused the biggest crash in freight markets in decades. Most carriers, both dry bulk and tankers were sidelined by their owners who chose not to operate them, as it was consting them more to run the vessels, than what the market was offering at the time.
Fast forward five years later and both the dry bulk market, as well as the wet one are experiencing positive signs of improvement, although the fundamentals aren't equally positive for the long run. Starting with the dry bulk market, the BDI has firmly rebounded once again above the 2,000-point mark, poised to end the year on a high note, with the final months of the year proving to be a happy period for most ship owners active in the dry market.
According to shipbroker Fearnleys this week, "the spike in Capesize rates that was expected and anticipated for this quarter finally became a reality and the average tc rates are approaching $30,000 p/d. The iron ore is the main driver, with Brazilian, Australian and South African exports active at the same time. This has resulted in a lack of early tonnage, and rates are still improving at the time of writing. The period rates are improving accordingly, with one year rates presently being concluded in excess of usd $20,000 p/d".
In the Panamax market, Feanleys noted that "the firm tendency continues. The Atlantic is tight for tonnage with Owners increasing their rates or holding back for the better deal tomorrow. Charterers paying $16.000 p/d for T/A and $26.000 p/d for fronthaul to cover prompt requirements. US grains is still moving at about 55 pmt. The firm sentiment is also reflected in the Eastern Hemisphere, predominantly by Indonesian coal and some short period activity. Levels from $12.000 p/d up to healthy $15.000 p/d for Aussie rounds reported. Short period up to a year at about $12.000 p/d. Seasona
To $ 1 I will stop posting. This is a message boart and everything we talk here is related to VASO
If you don't like use ig
Did she have any money?
She lost all in TSL last time he bought was $14