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OMG that is a steal!!!!!!1 how can i get those?
Nailed the NM Oct $7.50's at .05 and .10!
I'm with ya bro keep it coming, I might have to grab some calls!
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=35331602&txt2find=nm
NM will be the #1 shipper this expansion cycle in the shipping markets, replacing old leaders like EXM, DRYS, DSX, this is a given!
did the research, have more money in the bank than any other shipper, have nearly 300 million in treasury bonds ready for the next spin off, which you would own if you buy NM, and its run by the best management with the most resources in the business, also the CEO angeliki Frangou is on a date with destiny to be #1 and fulfill her dad's shoes! There is no question, I can go on for hours telling you why.
Upgrade story about SSW from BofA/Merrill Target to $14 from $6. :theflyonthewall.com
NM how do you come to that conclusion?
I like NM a lot but they are far from the number 1, maybe top 10 though, lol!
NM is the #1 shipper in the world! that's the only one you could ever need!
huge move over the 200dma
perhaps sign that this industry is ready to move
Shippers are on the move, Ibox has a lot of nice big candles starting!
SSW is my Fav!
DRYS after a headfake yesterday is moving up nicely!
SSW insider continues to buy here...
http://www.seaspancorp.com/investors/secfiling.cfm?filingID=1193125-09-190118
DRYS moving in PM, Shippers have to heat up if the market is going to stay so Bullish!
CAPITAL LINK LAUNCHES A SERIES OF STOCKMARKET MARITIME INDICES
http://www.capitallink.com/press/CLMaritimeIndexPR.pdf
Baltic bounce
Baltic bounce
A sustainable dry-bulk market rebound is becoming more likely as international steel mills join China in upping their activity in the freight markets, Dahlman Rose says.
In response it has upped its rate estimates for the second half of 2009 and into 2010 and suggests asset prices are due a big shot in the arm.
In the bank's latest dry-bulk update, analysts Omar Nokta and Sam Margolin say steel producers in the US, Europe and Asia have raised prices and guided higher production due to increased demand during the past two weeks.
They said: “Last month we argued that dry-bulk carries substantial optionality on an improving worldwide steel market and we are seeing the beginnings of such a rebound.
“ArcelorMittal, Nippon, US Steel, Nucor, Severstal, AK Steel and others have announced price and production increases this month.”
More spot coal activity into China and now Japan is also a positive development, the analysts note.
With capesize rates now above $50,000 daily Nokta and Margolin believe the panamax and supramax markets are likely to piggyback on that success.
They said: “The longer the capesize market stays at such high levels, the higher the pull on the mid-size vessel classes and we look for panamax and supramax rates to push towards $30,000 per day in the coming weeks.”
Nokta and Margolin now forecast capesize rates for the third and fourth quarters of $50,000 daily, up from the $35,000 and $40,000 previously expected.
For next year, the analysts are tipping rates of $45,000 daily, up $5,000 per day from their previous guidance.
Improving freight markets have lifted ship prices by around 11% over the past month and the pair expect further climbs in the coming weeks.
“The Baltic Exchange currently assesses five-year-old capesizes at $54m but current six-month and 12-month time charter rates in excess of $50,000 per day suggest values closer to $75 million,” Nokta and Margolin said.
“While most stocks have limited exposure to improving freight rates in the near-term, we believe increasing asset values will put [listed owners] in stronger standing with their creditors and enhance their loan-to-value position.
“We expect that will lead to increased control over cash flows and allow for further dividends and reinvestment.”
Following the update, Nokta and Margolin have upgraded Navios Maritime from “hold” to “buy".
They are also sticking by their buy ratings in Diana, Eagle Bulk, Genco, Paragon and Safe Bulkers.
By Andy Pierce in London
I just read that its hedgefunds that are covering their shorts with call options. They were short selling the living daylights out of FRO and Teekay and OSG. Recent reports indicated that the rates bottomed and they all scrambled to cover their shorts by buying these call options. Now other investers must have seen them do this and copied the movement seeing it as bullish for oil. It now became an Oil play..
That is good, somebody is betting that FRO is heding up...
What do you make of all that?
June 10 FRONTLINE LTD (Services/Shipping) - FRO Quote - OI/Vol. - Sector Details
3 month record high call volume
Frontline Ltd. options are actively traded this morning. Total of 6229 calls (4.06x the average) and 1496 puts have traded so far today. Most of the volume is in the June 30, July 35 and August 35 calls.
FRO (FRONTLINE LTD NEW) is at 27.75 +2.08
Calls: Ask Bid Volume Open Interest
09 Jun 30.00 0.35 0.40 1867 720
09 Jul 30.00 1.15 1.30 945 375
09 Aug 35.00 0.65 0.75 1157 755
09 Jul 35.00 0.25 0.35 1006 0
Xanadu,
If you still around could you let me know your feelings on Golar i am really in the dark as to what their plans are and what you think of the whole think.
Also Golden Ocean was upgraded today by Parento of Norway and i was just wondering you opinion of that since Chins's ore stockpiles seem to have grown to the breaking point...
Thanks
Joe
They had planned to split up Golar a while back and it looks like JF was not happy with the way Gary Smith was running things. Seeing how he himself is taking the reins of the company i can see a definate plan developing where the shipping arm will spin off and the order book will be steered away from the spot market and more to time charters. Then the energy regasification terminal ships will be spun off to a seperate entity with a new name....
I am waiting because i want to see this baby rise already...
Don't really know the sector that well, updated the board so I could start keeping a better watch on things...
MWM,
What do you think about the Golar situation. Looks like Smith is out and Fredrickson is back at the helm. They are going to split Golar into 2 or 3 companies to enhance shareholder value. Whats your take?
I did it to help retards like you...
hehe!
Ibox Updated
Ibox backup
http://www.dryships.com/pages/report.asp
BDI Index http://www.dryships.com/pages/report.asp
Yahoo industry browser Shippers
http://biz.yahoo.com/p/775mktu.html
Xanadu,
If you are still following them. Let me know what you think about the Golden Ocean debt problem. They sold off heavily today from an already diminished share price and it looks pretty bleack do you think they will even survive at all.
Bilung said he thinks so but they have a note due in March they cant cover apparently....
Thanks
Joe
MORE BAD NEWS FOR DRY BULK SHIPPERS
(really, that's the title;-0))
http://www.fundmymutualfund.com/2009/02/guest-post-zero-hedge-some-more-bad.html
No - it was a comparison with Aegean Marine Petroleum (ANW)
Both stocks are performing similarly. I cross posted a link to their charts on the NM board.
Navios,
I didnt even know that. So they provide marine fuel like gasoil and bunker nice...
I will have to check them out more closely.
Thanks
From Gappers Board
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35427006
referring to http://shipping.capitallink.com/stockmarket/
Navios Holdings (NM) has outperformed all other listed stocks on a 3mos weekly comparison.
Aegean Marine Petroleum (ANW) is the only reasonably close stock performer. "operates as a marine fuel logistics company that supplies and markets refined marine fuel and lubricants to ships in port and at sea. It provides fueling services to ocean-going and coastal vessels, such as oil tankers, container ships, drybulk carriers, cruise ships, and ferries."
http://finance.yahoo.com/q/pr?s=ANW
Good article.... thanks blackcat.....
Good Morning, Sorry if previously posted.
Commodity Shipping Index Advances the Most Since at Least 1985
http://www.bloomberg.com/apps/news?pid=20601085&sid=ah6n4sxikADs&refer=news
By Alistair Holloway and Alaric Nightingale
Feb. 4 (Bloomberg) -- The Baltic Dry Index, a measure of shipping costs for commodities, rose the most since at least 1985 in London as the number of idled capesizes fell to almost zero, indicating strengthening demand for iron ore.
Capesize rates have risen more than ninefold from a record low of $2,316 a day on Dec. 2. Steelmakers may be replenishing stocks in China after they fell 22 percent by mid-January from a record in September. Producers abroad, faced with an oversupply of iron ore, may also be shipping ore to China for storage.
“This has been the first day of the year when the buzz has been back,” Michael Gaylard, strategic director at Freight Investor Services Ltd., a shipping-derivatives broker, said by phone from London. “There’s no doubt that enquiry for physical tonnage is consistent and strong.”
Shipping rates collapsed last year as demand slumped for steelmaking raw materials and Japan, the U.S. and Europe grappled with their first simultaneous recessions since World War II. The steel industry accounts for almost half of all dry-bulk cargo at sea, according to shipping line Golden Ocean Ltd.
The Baltic Dry Index advanced 168 points, or 15 percent, to 1,316 points. The gauge’s 70 percent gain in 2009 is its best start to the year since at least 1986. It fell as low as 663 points on Dec. 5, the lowest since 1986, and rose to a record 11,793 points on May 20.
Daily rates for capesizes rose 17 percent to $21,810 a day, the highest since October. Smaller panamax ships, the largest to fit through the locks of the Panama Canal, increased 14 percent to $8,005 a day. Daily operating costs are $6,500 for capesizes and $5,000 for panamaxes, according to Erik Nikolai Stavseth, an analyst with shipbroker Lorentzen & Stemoco in Oslo. Both ships compete to haul coal and iron ore.
Idled Capesizes
There are almost no idled capesizes, Oslo-based Fearnley Fonds ASA analyst Rikard Vabo said. As much as a quarter of the world capesize fleet of about 800 ships was probably idled by owners two months ago in response to plunging rates.
BHP Billiton Ltd., the world’s third-largest producer of iron ore, said Chinese steelmakers are returning to the iron ore market after inventories were used up.
“You are starting to see the underlying demand of the Chinese economy,” Chief Executive Officer Marius Kloppers told journalists today. “We have seen in the steel business in China that the de-stocking cycle is almost complete and that means people are coming back into the market and buying.”
China announced in November a 4-trillion yuan ($586 billion) economic stimulus package running through 2010. That may boost infrastructure projects and steel demand.
Capesize forward freight agreements, derivatives used by traders to bet on future shipping rates, rose 14 percent to $30,375 a day for the second quarter. Panamax futures jumped 12 percent to $16,375 for the same period. The data are from Oslo- based broker Imarex NOS ASA.
Steel stocks gained, with all nine members of the Bloomberg Europe Steel Index trading higher, led by ArcelorMittal. The 13 members of the Bloomberg Metal and Mining Index also advanced, led by Kazakhmys Plc.
I just checked that out. They have FRO right above Tidewater.
They are both U.S. listed maritime sector companies but FRO is the worlds largest crude oil shipper and Tidewater has the largest fleet of tug boats. Tidewater is in the offshore supply boat sector along with other things. They operate anything from legacy boats to ahts. FRO has VLCC's and Suezmax vessels. They are different...
If the economy recovers fairly soon we are in great shape either way. Lets just hope that happens soon.....!!!!1
Thanks for the info, I just copied it from this yahoo index of the shippers...
http://biz.yahoo.com/p/775mktd.html
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