Back

Latest Forum Topics / User Research/Opinions

Post Reply

Baltic Dry Index Post Reply Rate topic
hohokit Veteran	06-Feb-2009 09:05        hohokit About Contact  Quote this Post!
x 0   x 0  Alert Admin	BDI 1,498  +182 See how much the index has drop.
Useful To Me  Not Useful To Me
hohokit Veteran	09-Jul-2008 10:05        hohokit About Contact  Quote this Post!
x 0   x 0  Alert Admin	BDI  9,147  +183
Useful To Me  Not Useful To Me
hohokit Veteran	04-Jul-2008 10:03        hohokit About Contact  Quote this Post!
x 0   x 0  Alert Admin	BDI 8,925  -214
Useful To Me  Not Useful To Me
hohokit Veteran	03-Jul-2008 09:20        hohokit About Contact  Quote this Post!
x 0   x 0  Alert Admin	BDI 9,139  -240
Useful To Me  Not Useful To Me
hohokit Veteran	02-Jul-2008 08:59        hohokit About Contact  Quote this Post!
x 0   x 0  Alert Admin	BDI 9,379  -210
Useful To Me  Not Useful To Me
hohokit Veteran	27-Jun-2008 09:24        hohokit About Contact  Quote this Post!
x 0   x 0  Alert Admin	BDI 9,473  +229
Useful To Me  Not Useful To Me
hohokit Veteran	26-Jun-2008 09:20        hohokit About Contact  Quote this Post!
x 1   x 0  Alert Admin	BDI 9244 +105
Useful To Me  Not Useful To Me
hohokit Veteran	25-Jun-2008 09:25        hohokit About Contact  Quote this Post!
x 0   x 0  Alert Admin	BDI 9139  -72
Useful To Me  Not Useful To Me
178investors Veteran	24-Jun-2008 15:14        178investors About Contact  Quote this Post!
x 1   x 0  Alert Admin	index is so called "dry" for a reason.... sooner later... many too will find pockets "dry-dry" like what happened in the last commodity boom.
Useful To Me  Not Useful To Me
hohokit Veteran	24-Jun-2008 09:45        hohokit About Contact  Quote this Post!
x 0   x 0  Alert Admin	BDI 9,211 -217
Useful To Me  Not Useful To Me
yunglee Member	14-Jun-2008 18:26        yunglee About Contact  Quote this Post!
x 0   x 0  Alert Admin	now 9646, it went down further...
Useful To Me  Not Useful To Me
jackjames Elite	13-Jun-2008 19:09        jackjames About Contact  Quote this Post!
x 0   x 0  Alert Admin	thank you all for the news, no wonder all the shipping stocks drop... good info!
Useful To Me  Not Useful To Me
nickyng Supreme	13-Jun-2008 17:20        nickyng About Contact  Quote this Post!
x 0   x 0  Alert Admin	Drybulk index posts largest-ever 1 day drop Key drybulk index posts largest-ever 1 day drop as demand sinks for largest drybulk vessels June 12, 2008: 03:03 PM EST NEW YORK (Associated Press) - A key shipping index measuring drybulk vessel activity posted its largest one-day drop Thursday, dragged down as rates for the sector's biggest ships lost significant ground. The Baltic Dry Index, which measures drybulk shipping rates on 40 routes across the world, sank 963 points Thursday to reach 10,142. The index had wavered, but remained above 11,000, since hitting an all-time high on May 20 of 11,793. The index, managed by the Baltic Exchange in London, had previously posted its biggest one-day skid of 443 points on Jan. 17. The index's reading for Capesize vessels _ the largest drybulk carriers _ fell 16 percent. The average Capesize vessel now costs about $180,000 per day, compared with prices of more than $230,000 per day last week. Capesize vessels are so named because they are too big to fit through the Suez or Panama canals, and must instead sail around the Cape of Good Hope or Cape Horn to travel between oceans. Cantor Fitzgerald analyst Natasha Boyden said in an interview the significant drop was the result of Chinese iron ore importers working through their stock piles of the commodity instead of bringing more into the country. With the huge demand for iron ore, steel and other commodities carried by drybulk ships soaring, Boyden said Chinese importers turned to their own supplies as ports clogged and drybulk rates skyrocketed. But Fitzgerald noted that the Chinese only have about three to four weeks worth of iron ore stockpiled. After its resources are used up, Boyden said drybulk ships will again be in high demand to deliver goods to the country. "This (pull back) is merely temporary," she said. "Painful, but temporary." JPMorgan analyst Jonathan Chappell said in a client note that he expects the Baltic Dry Index to continue to fall through the third quarter, as the typically slow period will be compounded by an expected lull in trading around the Beijing Olympics and further draw downs of existing inventory by Chinese steelmakers. Although drybulk's decline should not be as significant as the slip seen from November to January, Chappell suggests that investors hold off until a buying opportunity emerges in the fourth quarter. In afternoon trading, shares of DryShips Inc. fell $6.44, or 8.3 percent, to $71. Navios Maritime Inc. lost 27 cents, or 2.8 percent, to $9.52, while Danaos Corp. gave up 70 cents, or 3 percent, to $22.83. Genco Shipping and Trading Ltd. sank $4.51, or 7.9 percent, to $52.85. Diana Shipping Inc. pulled back $1.17, or 3.9 percent, to $29. Excel Maritime Carriers Ltd. retreated $4.21, or 10.3 percent, to $36.60, and Eagle Bulk Shipping Inc. slipped $2.32, or 8.1 percent, to $26.21.Euroseas Ltd. fell 27 cents, or 2.1 percent, to $12.92
Useful To Me  Not Useful To Me
178investors Veteran	13-Jun-2008 16:03        178investors About Contact  Quote this Post!
x 0   x 0  Alert Admin	head n shoulder formed... heeh ... no problem to scoop low low
Useful To Me  Not Useful To Me
nickyng Supreme	13-Jun-2008 11:24        nickyng About Contact  Quote this Post!
x 0   x 0  Alert Admin	YES !! STX PO is coming down...come on babe !!! BBs pls bring it further down..hee :P READY to SCOOP low low :D
Useful To Me  Not Useful To Me
EastonBay Master	13-Jun-2008 10:22        EastonBay About Contact  Quote this Post!
x 1   x 0  Alert Admin	YZJ is a pure shipbuilding, i.e. it has no shipping biz...   however, there is always psychological influence when such index goes up and down. Idea is that when shipping co is earning big margin and there is good demand for shipping biz, it may result in demand for more ships to be built.
Useful To Me  Not Useful To Me
syrix11 Member	13-Jun-2008 10:15        syrix11 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I thought YangZiJiang also impacted? edcifer      ( Date: 23-May-2008 13:28) Posted: stx pan, courage marine
Useful To Me  Not Useful To Me
nickyng Supreme	13-Jun-2008 09:50        nickyng About Contact  Quote this Post!
x 0   x 0  Alert Admin	hee...can some1 pls SHORT down STX PO leh..so i can scoop low low :P hee... cheers!
Useful To Me  Not Useful To Me
hohokit Veteran	13-Jun-2008 08:53        hohokit About Contact  Quote this Post!
x 0   x 0  Alert Admin	BDI  10,142 -963-963963
Useful To Me  Not Useful To Me
edcifer Member	23-May-2008 13:28        edcifer About Contact  Quote this Post!
x 0   x 0  Alert Admin	stx pan, courage marine
Useful To Me  Not Useful To Me

                                                         First   1-20 of 50   Older>   Last