Global Oceanic Carriers Share Discussion Threads

[sjgadvfn] 19/2/2007 15:03

Some volume today (circa 80,000 shares traded as at 3.00pm) in anticipation of Wedenesday's results.

[abubryn] 16/2/2007 18:06

Little dip today could well continue mon /tues as mm try to get hold of a few ready for what should be good news on wednesday .

[andrbea] 07/2/2007 13:07

if billiton is paying those kind of rates (31 to 51k) for capesize

bodes well IMO for goc's current rates (15 to 21k)
GO Public PANAMAX 71,761 1993 $15,750 5-7 months May 2006
$ 21,000 24 months December 2006
GO Faith PANAMAX 65,125 1984 $ 23,000

results 21 FEB
let's wait & see

[andrbea] 07/2/2007 11:54

example (6 Feb) of billiton chartering a dry bulker:

NEW YORK (AFX) - Greek shipping company Diana Shipping Inc., which specializes in dry bulk cargo, said Tuesday it plans to buy a Capesize vessel currently under construction for $98 million, and has already placed it on charter.

Shortly after delivery around June 15, the Semirio will go under charter by Diana Shipping Marketing AG for four years, with an option for an additional year.


BHP Billiton will charter the vessel at a daily rate of $51,000 during the first two years and at $31,000 during the third and fourth years.

[andrbea] 06/2/2007 14:46

china + iron ore:

looks good...

Shipping costs may surge this year
By Lu Haoting (China Daily)
Updated: 2007-01-12 09:31

As the world's largest iron ore importer, the world's second-largest oil importer and the world's third-largest exporting country, China is finding itself increasingly exposed to fluctuations in international shipping rates.

China's iron ore importers should be alert to a possible surge in dry-bulk shipping rates this year, analysts said.

Although Chinese steel mills have agreed with the world's main iron ore suppliers on a 9.6 percent price rise for 2007, which is much lower than the 19 percent increase last year and the 71.5 percent hike in 2005, the ultimate price they pay could largely depend on international dry-bulk shipping rates.

"Dry-bulk shipping rates are expected to stay high this year and the average rate could possibly be higher than last year," said Yu Jun, a transportation analyst with CITIC Securities.

The possible rise is a result of the slow growth of the dry-bulk fleet and strong iron ore demand.

"The global fleet expansion in recent years has concentrated on supertankers and container ships. Shipbuilders also prefer to use the limited space in shipyards to build more expensive vessels rather than dry-bulk carriers," said Li Lei, an analyst with China Securities.

The Baltic Dry Index, the main indicator for the shipping cost of "dry goods", such as iron ore and grain, shot up to 4,000 last September from only 2,000 last March. It has been fluctuating around that high level over the last few months.

Part of the reason is strong seasonal demand for coal in winter. But China's strong iron ore imports and skyrocketing steel exports also helped push the rates to record highs, said Li.

China is expected to import 325 million tons of iron ore in 2006, up 18.2 percent year-on-year, according to statistics from the China Iron and Steel Association. The imports will account for almost half the global iron ore trade.

The country's finished steel products exports doubled year-on-year to 37.46 million tons in the first 11 months of last year, the association said.

[andrbea] 06/2/2007 14:00

dry bulk sector:

a major acquisition went through last week

so DB sector IMO is seen as profitable going forward

Hubline's break into bulk business bodes well, says research house

By Yeow Pooi Ling

PETALING JAYA: Hubline Bhd's move to break into the bulk business bodes well for the group given the stable outlook on bulk shipping rates, a local brokerage said on Friday.

On Wednesday, the company signed an agreement to buy 50.2% in dry bulk carrier Highline Shipping Sdn Bhd for RM86.6mil.

The proposed acquisition, which is likely to be completed within three months, will be financed via internal funds and borrowings.

[andrbea] 06/2/2007 13:57

sector interest

Morgan Stanley expands dry freight charter business
Mon Feb 5, 2007

[chester] 06/2/2007 10:00

Well done you guys.

[papalpower] 06/2/2007 09:59

Well, either a bid is coming or this is getting tipped at the weekend.........

[papalpower] 06/2/2007 09:20

Getting a bit excited today........

[abubryn] 05/2/2007 09:34

Ok then how about 10p for full year before tax any comments ?How many say more, how many less ,and how many dont give a toss .

[abubryn] 02/2/2007 15:58

Any brains out there prepared to take a stab at eps given a full year without exceptionals and the fact that now 5 active vessels and more shares in circulation .?

[sjgadvfn] 02/2/2007 15:01

According to the chart above, the next support level appears to be 90p.

[abubryn] 01/2/2007 13:10

Starting to show the signs of improvement that I expected when buying in .
The chart is starting to look better ,and slowly we may be heading back from whence we came.

[abubryn] 05/12/2006 12:28

Thanks for link,e mailed a question to company about 4 days ago on same lines as post189 the rns appears to be my answer albeit probably by coincidence .
A few small buys going through, but will not be many floating shares and any buying of a sizeable amount would presumably move the share price quickly .

[tuckswood8] 04/12/2006 15:14

Yes, news release below:



Also board appointments:

[abubryn] 28/11/2006 09:08

Can anyone confirm that the Go Patoro has been delivered and working for GOC now ?

[abubryn] 30/10/2006 17:01

My rights shares not yet into my account .Anyone else have same situation .?

[ron manager] 24/10/2006 08:04

RESULTS OF RIGHTS OFFERING


Global Oceanic Carriers Limited, the AIM listed Greek based dry bulk shipping
company, announces that the 1 for 1 Rights Offering of 20,016,396 New Ordinary
Shares at 65 pence per share as detailed in the circular sent to Shareholders
dated 6th October 2006 closed at 11.00 a.m. on 21st October 2006.



The Company received valid acceptances in respect of 16,779,638 New Ordinary
Shares from Qualifying Shareholders, which represents an aggregate take-up of 84
percent.



The remaining New Ordinary Shares not taken up or subscribed for were taken up
by those Shareholders identified in Part V of the Circular.



It is expected that the New Ordinary Shares will be credited to CREST accounts
today and that definitive share certificates in respect of New Ordinary Shares
in certificated form will be dispatched on 31 October 2006.



Unless the context otherwise requires, defined terms shall have the meanings
given to them in the Circular.

[calumofthenorth] 11/10/2006 15:10

Hi all,

Updated my valuation model and analysis at :

CalumoftheNorth

[abubryn] 07/10/2006 10:20

Take it all back this company does now appear to be in sound hands .
The forward earnings should be impressive and a great set of results this time next year should ensue .To make a profit even after loosing money on the aborted ship purchase, bodes well for a full year of operating 5 ships ,hopefully fully chartered.
The prospect of even further ships being added means this company could well come in for rerating .Might even get the share price back to earlier giddy heights and beyond .
Nice to see raising funds by RI giving all investors chance to increase their holdings

[abubryn] 20/9/2006 12:30

Would have thought a prudent management would resolve most of the things they are going to advise later before they agreed to buy 2 ships .
The last management fell into the trap of agreeing to buy a vessel only to find later that it was not economically viable. that cost them two millionor so sterling

[tuckswood8] 18/9/2006 16:43

Well here is the news, but I think rather more details are required.
At least it moved the price up.

[abubryn] 15/9/2006 16:02

Well just had a little punt ,dont know why but every time I have had a go on shipping shares over the years I have made money so heres hoping .
Shouldnt there be news soon had a while to bed in the new guys .?

[empirestate] 10/8/2006 16:58

with freight markets and ship asset values improved significantly over the past month or so i am suprised this one hasn't moved further north