Clarkson Share Discussion Threads

[maksud] 18/2/2005 08:30

bdi up again, ckn must be due for a re-rating .also nice to hear ckn believe higher rates will continue medium term.

[andrbea] 18/2/2005 08:26

"Demand for cargo space to North America from Asia will probably rise by as much as 12 percent this year, according to the Transpacific Stabilization Agreement, which counts Neptune Orient among its 14 members.

Neptune Orient and the shipping group's other 13 members plan to boost freight rates to the U.S. for a third straight year as demand for Chinese goods increases and fuel costs rise. The cost of carrying a 40-foot container to the U.S. West Coast from Asia will rise by $285, or as much as 7.6 percent, starting May 2005, according to the group. Rates to the U.S. East Coast and Persian Gulf via the Panama and Suez canals will rise by $430. "

[andrbea] 18/2/2005 08:25

Today (South Africa: plus a small reference to Clarkson)

Clark added that, with shipping markets having been exceptionally strong, resulting in record high ship prices, Grindrod took the opportunity to exercise a well-priced option to sell one of the seven 37 000-dwt tankers under construction in Korea, which will be delivered to her new owners in November this year.

"When Grindrod ordered the tankers, average daily earnings on the spot charter market were around $14 000 per day. The current daily rates are in the region of $25 000, and even time charter rates are now at similar levels," he explained.

"Since placing our order for these tankers it has become mandatory on many important trade routes to move cargo in double-skinned tankers, and over the next few years, all single-skinned vessels will be phased out. This has surged orders for these vessels to the extent that most shipyards capable of building them have full order books well into 2008. It has also increased substantially the value of our subsidiary Unicorn's tanker fleet," he said.

Although the tanker market has been bullish for several months -- pushed further by the seasonal demand during the Northern hemisphere's winter -- London shipbroker Clarksons believes that the trend will continue well into 2008. A shortage of refinery capacity in the US, against a growing demand for refined products, will not be fulfilled in the medium-term as environmental lobbies have succeeded in curtailing the expansion of North American refineries.

China, analysts believe, will continue to absorb huge volumes of imported energy adding substantially to the tonne-mile demand.

Clark added that Grindrod's 32 000 dwt handysize bulk carrier The Durban Bulker will be used in the worldwide IVS/Lauritzen handysize joint venture pool, which is currently enjoying high rates and in which Grindrod has a substantial number of low cost handysize bulk carriers employed at much higher rates.

"In addition, Grindrod recently took delivery on long-term charter of two newbuilding panamax vessels, the IVS Pinotage and IVS Merlot. These ships were ordered and chartered in when shipping markets were low and have been chartered out for three and five years, respectively, at much higher rates with good counter parties.

Grindrod will be announcing its results for the year to December 2004 on February 24, and has issued a trading update which indicates that the results will be between 130% and 140% up on 2003 levels"

[rivaldo] 18/2/2005 08:13

The markets don't seem to be taking any notice, but the BDI is on the rise yet again - up another 92 to 4,685...

[nirvs] 17/2/2005 11:12

thank you andrbea. and thanks for all the great posts!

[andrbea] 17/2/2005 11:09

"Shipping industry achieves 38 pc growth

Kochi, Feb 16: Indian shipping industry has achieved a 38 per cent growth, thanks to the tonnage tax regime introduced by the UPA government, Union Shipping Minister T R Baalu said today.

He was speaking at a function here in which Prime Minister Manmohan Singh laid the foundation stone for the International Container Transhipment Terminal (ICTT) project. "

[andrbea] 17/2/2005 11:08

Thursday February 17, 1:06 PM
Hong Kong Port's Container Traffic Rose 8% On Year In Jan

[nirvs] 17/2/2005 11:00

andrbea - do you know when the next results etc are? TIA

[andrbea] 17/2/2005 10:25

"Teekay Reports Record Fourth Quarter and Annual Earnings

NASSAU, Bahamas--(BUSINESS WIRE)--Feb. 16, 2005--Teekay Shipping Corporation (NYSE:TK):


Highlights:

-- Highest ever fourth quarter net income of $224.6 million, or $2.50 per share (after deducting specific items which reduced net income by $51.3 million) "

[andrbea] 17/2/2005 10:22

Feb. 16 (Bloomberg) -- The cost of shipping iron ore, coal and other so-called dry-bulk commodities rose to a one-month high on demand for vessels from Chinese importers following the end of Lunar New Year holidays.

The Baltic Dry Index, which measures rates across different ship sizes and routes, rose for a sixth day reaching 4593 points in London, the highest since Jan. 17. On the benchmark route from Australia to China, iron ore shipping costs rose to $16.39 a ton, up 2.8 percent from yesterday, according to the Baltic Exchange.

[andrbea] 17/2/2005 10:22

nol:

SINGAPORE: Neptune Orient Lines Ltd (NOL) has beaten market expectations with a 165% jump in fourth-quarter net profit and forecast a "strong" 2005.

Supported by China's export boom and a tight supply of ships, freight rates have risen sharply, benefiting NOL – Singapore's biggest shipping firm – and other regional shipping lines such as Malaysia International Shipping Corp.

[rivaldo] 17/2/2005 09:50

BDI up again, 82 points to 4,593.

[andrbea] 16/2/2005 16:31

"Spot market freight rates, an important cif ARA coal price component, were indexed at around $21.8 on the benchmark Richards Bay/ARA capesize carrier route from South Africa to Europe. This was up from $19 during the middle of last week.

Freight rates for April, which last week were quoted at around $21, rose to around $22.5, said traders."

[andrbea] 16/2/2005 16:29

APL, which operates the world's sixth-biggest container ship fleet by capacity, handled 528,600 40-foot containers in the fourth quarter, 26 percent more than a year earlier. The company's average freight rate rose 7 percent to $2,807 per 40-foot box.

[rivaldo] 16/2/2005 11:30

Petewest, to explain in incredibly simplistic terms, the BDI represents a measure of freight rates in the dry bulk sipping sector. CKN is a shipping broker. So if rates go up, so do CKN's commissions.

And the BDI was up another 65 points to 4,511 yesterday.

[andrbea] 15/2/2005 14:22

Dry Bulk newsletter 14.2.05

The wait and see feeling which was widely shared last week doesn't seem to be charterers' one any longer. The volume of business this week has been firmer on almost all segments of the dry bulk markets. Capes reacted first in an already tight market and rates recorded some sharp increases especially in the Pacific where r/v are now heading towards the $75,000 per day figure. "

[andrbea] 15/2/2005 14:19

"Research puts Suezmax 2005 forecast at US$58,000 per day

By Oscar Jacobsen in Oslo
Published: 14.02.2005 "

[andrbea] 15/2/2005 14:18

"We think this sector will continue to see strong freight rates in 2005, supported by a continuing lack of tonnage availability as compared to demand," says Saginaw in the lastest research note from McQuillings. "

[petewest] 15/2/2005 13:24

forgive me for asking but what's the significance of the BDI chart

[rivaldo] 15/2/2005 07:50

BDI starting to motor nicely again - up 68 to 4,446.

[andrbea] 14/2/2005 15:17

just look how bullish people are about billiton:

Riding a global boom in demand for industrial commodities, mining giant BHP Billiton Ltd./Plc.

could see its first-half profit double to $2.5 billion, analysts said on Monday.

[andrbea] 14/2/2005 15:15

Tks hawks11
We just have to await the 2004 results from ckn (patience..).
The iron ore, grain and container markets look particularly strong.
while the vlcc rates have shown their volatility over the last 2 months.

China - commodities - demand & supply is 1 equation
China - oil prices is the other
And high shipping rates are giving the US west coast a definite cost advantage over the east coast. West coast congestion there is giving more overflow trade to the north, eg Portland.

And then there's Dubai (with Clarkson's new office) - the new brokerage centre for spot prices on tanker charters?

[hawks11] 14/2/2005 15:05

Thanks for you continued input andrbea. I am still holding on to CKN for all the right reasonsand I am encouraged when you dig yet more good news on the shipping front. I suppose we need something from the company to open the flood gates.
Regards
H11