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Keyword: shipping

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  • Pacific Shipping Rates Surge To Record Highs -- Now 183% Higher Than 2009

    06/21/2010 7:19:23 AM PDT · by blam · 12 replies
    Pacific Shipping Rates Surge To Record Highs -- Now 183% Higher Than 2009 Vincent Fernando, CFA Jun. 21, 2010, 9:38 AM Pacific shipping rates tracked by research firm Drewry (Their Trans-Pacific Charter Rate Benchmark) spiked 18.9% in just the last week, hitting a record high for Drewry's five-year old index. A 40-foot container from Hong Kong to Los Angeles cost $2,607 to ship as of June 14th, which is markedly higher than $2,193 just a week before. JOC: The apparent jump in spot pricing comes as demand on trans-Pacific lanes remains strong even as space on vessels remains tight and...
  • Freight And Truck Traffic Point To Recovery

    06/10/2010 6:46:02 AM PDT · by blam · 13 replies · 43+ views
    Seeking Alpha ^ | 6-10-2010 | Edward Harrison
    Freight And Truck Traffic Point To Recovery by: Edward Harrison June 10, 2010 One common metric used by analysts to gauge how the economy is doing comes from freight or rail tonnage. If the economy is doing well, then more goods will be shipped via trucks and trains. This is exactly what is happening. Andy Lees showed this via a few Bloomberg charts in a note earlier today. Of note: The seasonally adjusted truck tonnage index is at its highest level since September 2008. US railcar container index which is just 4% off its all time high. The ConTex container...
  • After Several Months Of Gains, Rail Traffic Softens In May

    06/07/2010 2:44:42 PM PDT · by blam · 4 replies · 15+ views
    The Business Insider ^ | 6-7-2010 | Calculated Risk
    After Several Months Of Gains, Rail Traffic Softens In May Calculated Risk Jun. 7, 2010, 5:00 PM From the Association of American Railroads: Rail Time Indicators. The AAR reports traffic in May 2010 was up 15.8% compared to May 2009 - and traffic was still 11.8% lower than in May 2008. Image: AAR Click on graph for larger image in new window. This graph shows U.S. average weekly rail carloads. Traffic increased in 18 of 19 major commodity categories YoY. From AAR: • U.S. freight railroads originated 1,153,675 carloads in May 2010, an average of 288,419 carloads per week. That’s...
  • Amid The Financial Turmoil, One Economic Indicator Is Soaring

    05/25/2010 2:42:28 PM PDT · by blam · 7 replies · 649+ views
    The Business Insider ^ | 5-25-2010 | Oilprice.com
    Amid The Financial Turmoil, One Economic Indicator Is Soaring Oilprice.com May 25, 2010, 5:18 PM The financial world is coming unglued again. Greece has pushed the E.U. to the brink. Global stock markets are tumbling. And yet, at the same time at least one economic indicator is soaring. The Baltic Dry Index. Today, the BDI jumped nearly 9%. The largest daily jump in at least the last six months. In fact, the index is up 40% since the end of April. A jump that has roughly coincided with the recent decline in global stock markets. The BDI tracks global shipping...
  • Shippers Are Blowing Off European Problems And Rushing Vessels Back Into Action

    05/25/2010 10:45:46 AM PDT · by blam · 2 replies · 344+ views
    The Business Insider ^ | 5-25-2010 | Vincent Fernando, CFA
    Shippers Are Blowing Off European Problems And Rushing Vessels Back Into Action Vincent Fernando, CFA May 25, 2010, 1:20 PM Despite the concerns about Europe, global trade continues to show signs of a continued rebound. For example, average freight rates and volume reported by the container shipping company NOL (a leading player) have both continued to rise thanks to strength between North America and Asia. Moreover, ship owners are bringing vessels back into action based on demand growth expectations. Fearnly Fonds: The idle container fleet fell to 4.1% or 549,000 TEUs (263 ships) from 5.3% or 306 ships two weeks...
  • Shippers Launch New Export Route TO Asia From The U.S. In Response To Huge Demand (US Exports)

    05/12/2010 6:20:31 AM PDT · by blam · 4 replies · 253+ views
    The Business Insider ^ | 5-12-2010 | Vincent Fernando, CFA
    Shippers Launch New Export Route TO Asia From The U.S. In Response To Huge Demand Vincent Fernando, CFA May. 12, 2010, 7:58 AM Shipping companies are creating a new Oregon route from the U.S. to Japan, in response to demand for U.S. exports. We should probably get used to these trade trends: Seatrade Asia: Starting on July 11, the monthly service will provide space for more than 200 containers per month under a six month contract. Once successfully established, Port officials say the service could quickly increase in both volumes and frequency of vessel calls.
 “While this will start relatively...
  • TFT INSTRUMENTS Company has designed a new flight simulator that can be used for entertainment

    05/05/2010 9:00:30 AM PDT · by Niuhuru · 2 replies · 397+ views
    Associated Content ^ | Published May 05, 2010 by | Alice Winters
    In one of the many new age music albums, there is a song called "Fly Away" and the constant refrain is "Fly Away, Fly Away, Fly Away," and the refrain really describes what you can do with this new invention. The catch is of course with this, you can only fly away in your imagination. TFT INSTRUMENTS Company has designed a new flight simulator that can be used for entertainment (with both movie studio sets/movie productions), airports, and shopping centers.
  • U.S. Transport Stocks Are Rolling Over

    04/27/2010 6:17:28 AM PDT · by blam · 2 replies · 375+ views
    The Business Insider ^ | 4-27-2010 | Vincent Fernando, CFA
    U.S. Transport Stocks Are Rolling Over Vincent Fernando, CFA Apr. 27, 2010, 4:34 AM Continuing our digestion of recent sector and industry performance data, this chart below shows how multiple U.S. transportation industries (namely Trucking, Water Transport, Railroads, and Air Freight) underperformed the S&P 500 last week, despite outperforming during the last trailing month. This is highlighted by the dark grey vs. red bars below. On a year-to-date basis, all industries below have underperformed the S&P 500 except for Air Freight. Thus the one-month rally vs. the S&P 500 has been aborted (we're talking relative performance here), perhaps due to...
  • U.S. Rail Traffic Hits A Speed Bump

    04/12/2010 6:15:42 AM PDT · by blam · 11 replies · 418+ views
    The Business Insider ^ | 4-12-2010 | Vincent Fernando, CFA
    U.S. Rail Traffic Hits A Speed Bump Vincent Fernando, CFA Apr. 12, 2010, 12:23 AM U.S. rail traffic just slipped, with year over year growth slowing. Weaker traffic in coal, grain, construction materials, vehicles, and metal products were to blame. Journal of Commerce: For just the largest U.S.-owned railroads, new intermodal shipments fell to 196,257 loads last week from 210,914 a week earlier and were the lowest since Feb. 13. Rail freight traffic has maintained most of its recent strength, especially in carloads of bulk materials and equipment. Yet carloadings also slowed some for the North American majors, to 372,270...
  • Hijacked S. Korean tanker arrives in Somali waters

    04/07/2010 8:38:35 PM PDT · by Cheap_Hessian · 1 replies · 230+ views
    Yonhap News ^ | April 8, 2010
    SEOUL, April 8 (Yonhap) -- The crew of a South Korean supertanker seized earlier this week by Somali pirates in the Indian Ocean are still safe though their ship has arrived in Somali waters where the pirates are based, Seoul's foreign ministry said Thursday.
  • Australian Port Congestion Gives Clues To A Staggering Surge In Demand From Japan, Korea, And China

    04/06/2010 5:24:52 AM PDT · by blam · 8 replies · 545+ views
    The Business Insider ^ | 4-6-2010 | Vincent Fernando, CFA
    Australian Port Congestion Gives Clues To A Staggering Surge In Demand From Japan, Korea, And China Vincent Fernando, CFA Apr. 6, 2010, 7:57 AM Despite recent infrastructure expansions, Australian ports have been clobbered by an enormous rebound in demand for coal from Korea, Japan, and most notably... China. Thanks to the added disruptive effects of a recent cyclone, Australian coal terminals are now experiencing even more congestion than they experienced during pre-crisis boom times when the world experienced a commodities super spike. The map below shows a recent snapshot of the area around Hay Point, Australia.[snip]
  • And Now Rail Traffic Is On Fire

    04/01/2010 10:46:23 AM PDT · by blam · 25 replies · 1,064+ views
    The Business Insider ^ | 4-1-2010 | Joe Weisenthal
    And Now Rail Traffic Is On Fire Joe Weisenthal Apr. 1, 2010, 1:29 PM Courtesy of The Pragmatic Capitalist, here's the latest sign that the real economy is springing back to life. Rail traffic is surging to new highs. For the week ending March 27th rails originated 293K carloads which was the highest level since November 2008. This was 16.5% higher versus 2009, but down 11.6% versus 2008. Intermodal traffic is also making a sharp rebound with a 12% year over year increase, but a 5.3% decline versus 2008. Between this, the shipping rebound, the air-traffic rebound, and the factory...
  • Packed Containers Piling Up At Asian Ports Because There's Too Much Demand From West

    03/30/2010 6:53:39 AM PDT · by blam · 35 replies · 1,020+ views
    The Business Insider ^ | 3-30-2010 | Vincent Fernando
    Packed Containers Piling Up At Asian Ports Because There's Too Much Demand From West Vincent Fernando, CFA Mar. 30, 2010, 6:16 AM Packed containers are piling up at Asian ports as strong demand from the U.S. and Europe causes a lack of supply of ships. Shipping companies had purposefully idled capacity during the economic downturn, then started to bring it back recently. Yet they didn't do it fast enough to keep up with the robust pick-up in demand from the West.[snip]
  • Asia-U.S. Shipper Readies Huge Fleet Expansion After Reporting 37% Higher Volumes

    03/29/2010 3:24:11 PM PDT · by blam · 3 replies · 330+ views
    The Business Insider ^ | 3-29-2010 | Vincent Fernando, CFA
    Asia-U.S. Shipper Readies Huge Fleet Expansion After Reporting 37% Higher Volumes Vincent Fernando, CFA Mar. 29, 2010, 10:28 AM Neptune Orient Lines, owner of the formerly U.S.-owned APL container shipping company, just reported a sharp 37% jump in container trade volume for February, crediting strength in both Intra-Asia and U.S. - Asia (Transpacific) demand. (Note that higher volume can come from APL taking share, total trade growth will be lower.) The charts below are from NOL's release.[snip]
  • Shipping Indices Highlight a Potential Commodities Sell off

    03/12/2010 9:57:44 AM PST · by goldenwings · 2 replies · 307+ views
    OilPrice.com ^ | 03/12/2010 | Dave Forest
    The China Containerized Freight Index has bee-lined upward in 2010. The index tracks shipping prices for goods sailing from China to 11 different regions around the world. Between January 15 and February 26, the index rose 17%. During the same period, the Baltic Dry Index (which tracks average shipping prices globally) fell 18%. As I mentioned, these numbers suggest a big increase in goods being shipping from China relative to the rest of the world. With anecdotal evidence that at least some of the exports were metals. The fear being that Chinese metals stockpiles are being drawn down and re-exported....
  • Goldman: Here's The One Way We Could Have A Double-Dip Recession

    02/19/2010 2:31:19 PM PST · by blam · 6 replies · 369+ views
    The Business Insider ^ | 2-19-2010 | Courtney Comstock
    Goldman: Here's The One Way We Could Have A Double-Dip Recession Courtney Comstock Feb. 19, 2010, 4:07 PM Goldman Sach's Tom Kim spoke about the global economy and the company's positive outlook on cargo-carriers at a recent Journal of Commerce event. The firm's outlook on the global economy is positive, providing policy-makers don't screw anything up. "We think [the risk of a double-dip] is largely related to policy and policy is the greatest threat to any recovery." Kim also talks a lot about his specialty, transportation, during the interview. He's pretty excited about container shipping: "The determination from the carriers...
  • Following The Bouncing Baltic Dry Index

    02/17/2010 7:30:55 AM PST · by blam · 2 replies · 448+ views
    Seeking Alpha ^ | 2-17-2010 | Hard Assets Investor
    Following The Bouncing Baltic Dry Index by: Hard Assets Investor February 16, 2010 Julian Murdoch Mid-February may seem like an odd time to look at 2009's shipping year in review. But as we enter earnings reporting season, now is actually the ideal time to revisit the things that were for shipping companies, as well as look ahead to what may come. And 2009 was a heck of a year. Just look at the Baltic Dry Index: As we've discussed previously, the Baltic Dry Index [BDI] gives an idea of the spot price for hiring a commodity-carrying ship at a given...
  • Hired guns secure ships, stir controversy

    02/14/2010 4:15:21 PM PST · by Jet Jaguar · 39 replies · 968+ views
    Stars and Stripes ^ | February 15, 2010 | By Sandra Jontz,
    NAPLES, Italy — As the world struggles to stop piracy in the waters off the coast of Africa and the Middle East, several companies have stepped forward to provide armed escort boats for commercial ships. Small, fast boats with a handful of armed mariners are an "emerging way to handle the [piracy] problem in a safe way," said Jim Jorrie, CEO of Espada Logistics and Security-MENA, a San Antonio-based company offering such services. But shipping industry experts frown on the practice. "It slightly smacks of vigilantism to me," said Tony Mason, secretary general of the International Chamber of Shipping and...
  • N.Korea declares 'no sail' zone off west coast

    01/26/2010 9:49:38 PM PST · by ErnstStavroBlofeld · 1 replies · 194+ views
    Space War ^ | 1/26/2010 | Seoul AFP vai Space War
    North Korea has announced a shipping exclusion zone off part of its west coast, a South Korean military official said Tuesday, a move which in the past has sometimes preceded missile test-launches. The official confirmed to AFP that the North had banned shipping from an area in the Yellow Sea but gave no details. Yonhap news agency said Seoul was watching to see if there were any preparations for a missile launch. The agency, quoting an unidentified Seoul military official, said the communist state declared a "No sail" zone south of the disputed sea border between the two countries. The...
  • Trouble Brewing For The Baltic Dry Index

    01/25/2010 3:01:58 PM PST · by blam · 37 replies · 883+ views
    Seeking Alpha ^ | 1-25-2010 | The Business Insider
    Trouble Brewing For The Baltic Dry Index by: The Business Insider January 25, 2010 The dry bulk shipping vessel orderbook is so massive over the next two years that even huge cancellation estimates would have trouble making it manageable, and thus saving the Baltic Dry Index (a measure of spot rates for bulk shipping). FTAlphaville highlights that broker Icap expects 1,400 vessels to be delivered in 2010, which equates to 120 vessels per month on average. (Even if in reality they won't be spread out evenly) How bad is 120 ships per month relative to what the market has had...