•Dry bulk shipping rates are rising again: Overnight, capesize rates rose 5.2% (or $2,206/day) to $42,211/day, panamax rates rose 8.9% (or $1,144) to $13,989/day, and supramax rates rose 2.6% to $10,579/day.
•Since Aug. 12, capesize rates are up 300%, largely driven by higher iron ore shipments to China out of Brazil and Australia, while panamax rates are up 87%, largely driven by coal activity and anticipation of a good amount of shipments from a bountiful U.S. harvest
Panamax coal freight rates on established routes from South Africa and Indonesia to India continued their positive trend this week having gained 50 cents across the board on Tuesday, supported by strong fixture activity, sources said Wednesday.
Platts assessed the daily Panamax coal freight rate from South Africa's Richards Bay to India's west coast at $16.50/mt and to the east coast at $17.10/mt, both up 20 cents on the day.
Platts also assessed the daily Panamax coal freight rates from South Kalimantan to India's west coast at $12/mt and to the east coast at $10.60/mt, both up 10 cents.
Operators said fixtures for Panamax vessels are likely to be concluded at about $13,000-14,000/day levels, with more fixtures expected later this week.
comprising 10 Capesize, 28 Panamax, 2 Supramax and 2 newbuilding Very Large Ore Carriers (VLOC) with a combined deadweight tonnage of approximately 4.4 million tons, and 10 tankers, comprising 4 Suezmax and 6 Aframax, with a combined deadweight tonnage of over 1.3 million tons
rates are up on all ships...
In 2014 it will double
The street knows this
don't fight the trend
Posted by Scott Davis on Sep 25th, 2013 //
Equities research analysts at Dougherty & Co dropped their target price on shares of BioScrip from $15.00 to $10.00 in a research note issued to investors on Wednesday, American Banking News reports. The firm currently has a “buy” rating on the stock. Dougherty & Co’s price objective would indicate a potential upside of 18.06% from the stock’s previous close.
It's a gamble at 50 cents but so are most stocks under $1
you are right
SIRI was a 5 cent stock
The stock is down over 50% in one month