In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘shipping crisis’

Is Baltic Dry a harbinger of doom?

Posted by smeddum on October 6, 2009

Is Baltic Dry a harbinger of doom?
Philip Coggan InvestmentAdviser

Monday , October 05, 2009

FTadviser

The pubs and coffee shops of Britain are probably not full of chat about the Baltic Dry index.

But it is worth a look all the same, as the index tracks the cost of moving raw materials by sea. It is thus a rough-and-ready guide to global trade activity, although of course it is also affected by shipping capacity. Read the rest of this entry »

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Baltic Dry is signalling new pullback in the stock market

Posted by smeddum on September 24, 2009

Baltic Dry is signalling new pullback in the stock market

Cityam

Tuesday, 22nd September 2009

Traders should be watching this leading measure of shipping rates for clues of how indices will move

Jessica Mead

GLOBAL trade volumes have dried up since the start of the financial crisis as Western demand for East Asian goods languished, depressing shipping activity as measured by the Baltic Dry Index. Read the rest of this entry »

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Revealed: The ghost fleet of the recession

Posted by smeddum on September 14, 2009

14/9/o9

dailymail

The biggest and most secretive gathering of ships in maritime history lies at anchor east of Singapore. Never before photographed, it is bigger than the U.S. and British navies combined but has no crew, no cargo and no destination  –  and is why your Christmas stocking may be on the light side this year

The 'ghost fleet' near Singapore

The ‘ghost fleet’ near Singapore. The world’s ship owners and government economists would prefer you not to see this symbol of the depths of the plague still crippling the world’s economies. Read the rest of this entry »

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Baltic Dry Index-No material signs of economic recovery

Posted by smeddum on September 13, 2009

Dry Bulk Shippers’ Shares Treading Water After Earlier Rise

By David Benoit
Of DOW JONES NEWSWIRES

SEPTEMBER 11, 2009

WSJ online

NEW YORK (Dow Jones)–Dry bulk shippers were in choppy trading seas on Friday, starting the day speeding right along with commodity stocks, before pulling back on the throttle and drifting along just slightly higher, with some stocks sinking into the red. Read the rest of this entry »

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Stock Market to crash again in 2009?

Posted by smeddum on August 18, 2009

Finance Markets

August 14, 2009

by Brian Turner

Stock Market to crash again?

Bob Janjuah, chief credit strategist at RBS, is predicting that we’re heading for another stock market crash this autumn.

Before the bulls cry “doomsayer!”, let’s note that at a similar time last year Bob Janjuah successfully predicted the stock market crash for the autumn of 2008.

Coverage is highlighted by Ambrose Evans-Pritchard at the Telegrah: RBS uber-bear issues fresh alert on global stock markets: Read the rest of this entry »

Posted in Financial crisis | Tagged: | 2 Comments »

The shipping index shows most stocks are heading down

Posted by smeddum on June 12, 2009

By Associate Editor David Stevenson Jun 12, 2009

Moneyweek


Have you been watching the Baltic Dry Index lately?

It may sound a bit dull. But it’s a key barometer of global freight activity – in other words, it measures the cost of ferrying raw materials around the planet.

The message it’s starting to send is very clear: shipping rates and commodity prices are set to tumble. And that means the share prices of many cyclical stocks – which have led the recent rally – will be heading south, too… Read the rest of this entry »

Posted in Financial crisis | Tagged: , | 1 Comment »

How Google Earth explains the financial crisis

Posted by smeddum on May 17, 2009

Thu, 05/07/2009 – Foreign policy.com

Want to get a sense of just how bad things are? Take a spin on Google Earth.

The latest issue of International Economy, edited by FP contributor David Smick, has a clever graphic showing the depth of the economic crisis, so I thought I’d share.

The above image, pulled today from Vesseltracker.com’s Google Earth file, shows container ships languishing off the Singapore coast. Welcome to the  largest parking lot on Earth. International Economy explains: Read the rest of this entry »

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Report presents doomsday scenario for shipping

Posted by smeddum on March 13, 2009

 

By Tony Gray

Friday 13 March 2009     

LLoyd’s List

AN apocalyptic vision of a future in which dysfunctional shipping markets trigger an outbreak of protectionism in trade and the creation of national fleets is outlined in a review of the current crisis by Consultants on Maritime Transport, an independent partnership. Read the rest of this entry »

Posted in Financial crisis | Tagged: | 1 Comment »

Greek vessels lay idle as financial crisis hits shipping -

Posted by smeddum on February 13, 2009

Greek vessels lay idle as financial crisis hits shipping -

: Fri, 13 Feb 2009

EarthTimes

Pireaus, Greece – In good times, Greek vessels criss-crossed the seas on global trade routes taking international crews around the world to discharge huge containers full of goods. Today, an eerie calm pervades for miles outside the bustling port of Pireaus, as hundreds of vessels, namely bulkers and tankers float idly, waiting for cargo.
Shipping, normally an industry of peaks and dips, is currently facing one of the worst crisis’ in decades and many experts say the scene off the port of Piraeus, with vessels anchored and awaiting orders is being repeated at dozens of other ports across the world.
“Charter rates for dry cargo vessels are at their lowest since 1985 and this makes it very difficult for vessels to break even after loan installments and operating expenses,” says Giorgos Gratsos, president of the Hellenic Shipping Federation and owner of Standard Bulk Transport. Read the rest of this entry »

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Greece – Shipping crisis

Posted by smeddum on December 23, 2008

Greece-Shipping crisis.
Farming UK

22/12/08

SHIPPING CRISIS.
At the moment in Argentina and Brazil, there is a glut of shipping vessels and very little cargo. In what is known as the slack time between November and March.

Global shipping is facing the worse crisis in decades, cargo rates have fallen by 90% since July of this year and the shipping boom has turned to bust. Read the rest of this entry »

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Global Crisis Hits Shipping Industry

Posted by smeddum on December 9, 2008

December 8, 2008,

Spiegel
Global Crisis Hits Shipping Industry
Freight and charter rates have plunged, jobs are being cut, and many ships are being parked for months at a time

By Thomas Schulz

Shipping benefits from globalization more than almost any other sector. But this has also made it more vulnerable to the global economic crisis. Freight and charter rates have plunged, jobs at shipping companies are being cut and many ships are being parked for months at a time. Read the rest of this entry »

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