Navios Maritime Holdings Inc

Most Recent

  • Energy & Utilities

    Why a pullback in orders is normal in a dry bulk shipping upcycle

    On November 1, ship orders for all key dry bulk vessel classes fell. Ship orders reflect managers’ expectations of future supply and demand differences.

    By Xun Yao Chen
  • uploads///China Industrial and Electricity Output
    Energy & Utilities

    China’s key economic conditions: Industrial and electricity output

    Because reporting entities sometimes like to dress their numbers up a bit to look nice, analysts also look at electricity output—where government officials say they don’t have much incentive to cook the numbers.

    By Xun Yao Chen
  • Energy & Utilities

    Why China’s iron ore port inventory is marginally higher

    China buys around two-thirds of the world’s iron ore—iron ore supply in China outpaced demand by 52 million tons in the first half of 2014, according to the China Iron and Steel Association (or CISA).

    By Katie Dale
  • uploads///Floor Space Under Construction
    Energy & Utilities

    Chinese investing in cars and real estate drives dry bulk demand

    As long as developers continue to snatch up land, more iron ore and coal will be needed at steel mills, which is generally positive for dry bulk shippers.

    By Xun Yao Chen
  • Energy & Utilities

    Why Diana kept buying after its fleet capacity grew 23.75% in 2013

    The year 2013 was characterized by significant expansion of Diana Shipping Inc.’s (DSX) fleet, as the dry bulk shipping industry turned a corner.

    By Katie Dale
  • Industrials

    We just need decent ship orders for dry bulk shippers to recover

    Managers remain optimistic From September 13 to 20, ship orders for Capesize vessels fell by 0.25%, from 10.53% to 10.28%, as a share of the existing number of ships. Orders for Panamax improved from 15.34% of existing ships to 15.87%, while those for Supramax were up slightly, rising 0.04% to 4.64%. Analysts use a percent […]

    By Xun Yao Chen
  • uploads///Article
    Earnings Report

    Despite dividends, Navios is still unattractive to many investors

    Dividend yield for Navios Maritime Partners currently stands at 15.8% with the company recently paying a dividend of $0.4425 per common unit.

    By Katie Dale
  • uploads///Untitled
    Energy & Utilities

    Capesize rates take out 2012 high, a key driver of share prices

    Taking out 2012’s high is important because it reflects tighter supply and demand dynamics than last year, which means higher revenue and earnings from Capesize vessels this year compared to 2012.

    By Xun Yao Chen
  • uploads///Article
    Macroeconomic Analysis

    Why China’s iron ore and coal imports declined

    China imports almost 60% of the world’s seaborne iron ore while its coal trade accounts for almost a quarter of the global trade.

    By Katie Dale
  • uploads///Baltic Shipping Index by Ship Class    e
    Industrials

    Why shipping rates for Capesize vessels continue to outperform

    Investors can look forward to higher Capesize rates during the second half of this year compared to the first half, which is positive for dry bulk shippers.

    By Xun Yao Chen
  • uploads///Analysts ratings
    Company & Industry Overviews

    What are Analysts Recommending for Navios Partners?

    Of the 12 analysts covering Navios Maritime Partners, two analysts have “buy” recommendations, seven have “hold” recommendations, and three have “sell” recommendations.

    By Anuradha Garg
  • uploads///Article
    Materials

    Dry bulk shipping industry players and performance

    China accounts for a major share of dry bulk commodities’ imports and exports. In the past three months, the Guggenheim Shipping ETF (SEA) dropped 6.1%.

    By Katie Dale
  • uploads///Baltic Shipping Index by Ship Class    e
    Industrials

    Shipping stocks rise as Capesize rates approach $20,000

    From August 23 to 30, shipping rates for Panamax, Supramax, and Capesize vessels stood relatively unchanged.

    By Xun Yao Chen
  • uploads///YOY BDI
    Energy & Utilities

    The Baltic Dry Index fell in January but annual growth is positive

    The Baltic Dry Index (a benchmark that reflects the overall shipping rate for transporting dry bulks such as iron ore, coal, and grain across the ocean) has fallen quite a bit since the start of the year.

    By Xun Yao Chen
  • uploads///Baltic Dry Rates e
    Industrials

    Shipping indexes rise, driving dry bulk shipping company shares

    It’s been a while since the dry bulk shipping index has had such as large impact on the share prices of shipping companies. This reflects the fact that the market wasn’t really expecting such an increase.

    By Xun Yao Chen
  • uploads///Valuation
    Company & Industry Overviews

    The Relative Valuation of Dry Bulk Companies

    Diana Shipping is proactively investing in vessels to take advantage of the current low point for vessel valuation, and it can most likely outlast a prolonged downturn. So its valuation appears more or less full.

    By Anuradha Garg
  • uploads///Industry Sector and Market Performance    e
    Energy & Utilities

    An ETF that invests in Soros’s dry bulk shipping experiment

    Investors seeking exposure to dry bulk shipping who don’t want to buy six companies like Soros did can use the Guggenheim Shipping ETF (SEA).

    By Xun Yao Chen
  • uploads///Coal imports China
    Macroeconomic Analysis

    Should Dry Bulkers Expect Much from Coal Imports in 2016?

    Many market participants are forecasting a further fall in coal imports for China in 2016.

    By Anuradha Garg
  • uploads///OECD Leading Indicator
    Energy & Utilities

    Why the OECD leading indicator drives dry bulk shipping cycles

    Because the month-to-month data can contain short-term statistical noise that doesn’t reflect long-term fundamental changes, a six-month change or year-over-year change is often used.

    By Xun Yao Chen
  • uploads///Cyclicality
    Energy & Utilities

    Recommendation: Capitalize on dry bulk shipping’s cyclical waves

    The dry bulk shipping industry is cyclical mainly due to economic or business cycles as well as a long lead time between the placement of orders and the delivery of new vessels.

    By Xun Yao Chen
  • uploads///BDI
    Earnings Report

    What Prompted Navios Maritime Partners to Suspend Dividends?

    Navios Maritime Partners (NMM) suspended its dividends altogether in 4Q15 after a cut of 52% in 3Q15.

    By Anuradha Garg
  • uploads///Baltic Shipping Index by Ship Class    e
    Industrials

    Why Capesize vessels are outperforming other ship vessels in rates

    Supply and demand drives dry bulk shipping companies Unlike imports data that aren’t widely available on a weekly basis, shipping rates (which reflect the difference in supply and demand) are collected daily at the London-based Baltic Exchange and published as the BDI (Baltic Dry Indexes). These indexes reflect the daily shipping rates to transport key […]

    By Xun Yao Chen
  • Energy & Utilities

    Must-know: Baltic Dry Index bouncing from its 52-week low

    The Baltic Exchange Dry Bulk Index (BDIY) is a composite of rates for different ship sizes factoring in the average daily earnings of capsize, panama, supramax, and handysize dry bulk transport vessels.

    By Katie Dale
  • uploads///Article
    Macroeconomic Analysis

    Why the dry bulk shipping industry is weakening

    Numerous factors like world economic growth and commodity supply and demand affect the dry bulk shipping industry.

    By Katie Dale
  • uploads///Article
    Earnings Report

    Diana Shipping’s Investment Strategy and Market Outlook

    Diana Shipping’s investment strategy is to preserve the strength and integrity of its balance sheet and gradually increase its leverage as asset values weaken.

    By Katie Dale
  • uploads///BDI
    Macroeconomic Analysis

    What are the Rate Expectations for Dry Bulk in 2016?

    Though increased scrapping and minimal ordering activity could provide some relief on the supply side, the outlook for 2016 isn’t looking good for dry bulk.

    By Anuradha Garg
  • Energy & Utilities

    Must know: China’s crude steel production edging upwards

    China’s steel production mills are reluctant to reduce output for fear credit could be cut off and market share captured by rival producers.

    By Katie Dale
  • uploads///Article
    Macroeconomic Analysis

    Why the Baltic Dry Index dipped in November

    Despite a decline in fuel prices, the Baltic Dry Index has recorded an approximate 40% drop since the start of November and a 62% decline year-to-date.

    By Katie Dale
  • uploads///
    Fund Managers

    What’s the Outlook for Star Bulk Carriers?

    If dry bulk demand picks up, Star Bulk Carriers (SBLK) with its large fleet would be in a position to capitalize on the upswing.

    By Santiago Solari
  • Energy & Utilities

    Overview: Maintaining a perfect, modern, and young fleet size

    SB has paid six additional new eco-design newbuild vessels on order.

    By Katie Dale
  • uploads///Article
    Industrials

    Star Bulk comments on coal and grain

    Star Bulk believes the recent coal import restrictions were minimal, while the freight rate agreement signing between Australia and China can be a positive development.

    By Katie Dale
  • Energy & Utilities

    Why the fundamental stock analysis is positive for the future

    DryShips expects that iron ore production will increase in the next three years, which will increase the demand for transportation.

    By Katie Dale
  • uploads///China Manufacturing State PMI BDI    e
    Financials

    Why it pays to be patient about China’s manufacturing activity

    Because China is the largest importer of raw material in the world, China’s manufacturing is a key driver that affects shipping demand and rates.

    By Xun Yao Chen
  • uploads///TCE
    Energy & Utilities

    Why declining time charter rates dented revenue

    During the quarter, Safe Bulkers operated 31 vessels with a time charter equivalent rate of $11,642—compared to 26 vessels with time charter equivalent rate of $17,116 during 2Q13. The weighted average time charter equivalent of the Baltic Panamax (or BPI) and Baltic Capesize (or BCI) indices stood at $6,846 for 2Q14.

    By Katie Dale
  • uploads///Cyclicality of BDI
    Energy & Utilities

    Why we could see fewer volatile swings in dry bulk shipping stocks

    The recent volatility we’ve seen among dry bulk shippers can scare people into thinking they should trade in and out of the stock.

    By Xun Yao Chen
  • uploads///Article
    Earnings Report

    Why maturing contracts are a risk to Navios Maritime Partners

    Navios Maritime Partners has a modern, diverse fleet of 32 vessels with 3.3 million DWT and an average age of 7.5 years for its combined fleet.

    By Katie Dale
  • uploads///Article
    Industrials

    Depreciation expense increases; Star Bulk addresses capex fund

    Star Bulk’s depreciation and interest costs Star Bulk Carriers Corp.’s (SBLK) depreciation expense increased to $10.7 million for the third quarter of 2014, compared to $4.0 million for the third quarter of 2013. The increase was due to the increase in the company’s average number of vessels in its fleet and the corresponding increase in […]

    By Katie Dale
  • uploads///Article
    Industrials

    What is Star Bulk’s vessel financing status?

    Due to rapid expansion, Star Bulk’s financing levels are higher compared to its industry peers.

    By Katie Dale
  • uploads///Article
    Industrials

    Changes in Star Bulk’s management fees and operating and net income

    Star Bulk’s management fee income is at $0.3 million compared to $0.5 million for 3Q13, due mainly to a decrease in the number of vessels under management.

    By Katie Dale
  • uploads///Article
    Industrials

    Star Bulk’s liquidity and cash flow

    This part covers Star Bulk’s cash flow numbers given the company’s rapid expansion of its fleet size through acquisitions and other related developments.

    By Katie Dale
  • uploads///Article
    Industrials

    Dry bulk trade demands Star Bulk dynamics

    Star Bulk management stated that commodity demand remains healthy, while substantial supply expansion has resulted in surpluses across various commodity markets.

    By Katie Dale
  • uploads///Article
    Industrials

    Overview: Star Bulk Carriers’ earnings and fleet

    Star Bulk Carriers’ fleet includes 52 operating vessels, 16 second-hand vessels yet to be delivered, and 35 newbuilding vessels still under construction.

    By Katie Dale
  • uploads///Article
    Industrials

    Perfect timing for Star Bulk’s fleet acquisition

    Star Bulk merged with Ocean Bulk in July, right after the high price levels of March weakened. It took advantage of even lower vessel prices in its Excel acquisition in August.

    By Katie Dale
  • Industrials

    DryShips improves its time charter equivalent and outlook

    DryShips notes that it has significant leverage in the dry bulk and tanker spot markets. So, positive developments in these sectors will result in substantial cash flow to its bottom line.

    By Katie Dale
  • uploads///Coal
    Materials

    Why China’s coal and grain trade increased

    Coal trade saw significant changes over the past few years. China was a net coal exporter in 2009—only five years ago. Today, it’s the world’s largest importer.

    By Katie Dale
  • uploads///Dry Bulk Shipping Stock Performance    e
    Industrials

    Dry bulk shippers aren’t celebrating, but their silence is golden

    It’s times like this, when nobody is saying anything, that investors are slowly building positions and advancing like silent troops in the night.

    By Xun Yao Chen
  • Industrials

    Why dry bulk shipping supply growth below 4% is possible for 2014

    With good shipyards fully booked until 2016 and beyond, based on CEOs’ inputs, investors should view the current trend as a medium-to-long-term positive.

    By Xun Yao Chen
  • Industrials

    Why Capesize vessel construction fell to a level unseen for years

    The importance of ships under construction Ship orders reflect managers’ expectations for future supply and demand differentials. But new ship orders don’t always translate into new constructions right away. Sometimes shipping firms specify a particular date of delivery for the new orders. If the delivery date is farther out, ship construction firms will delay work. […]

    By Xun Yao Chen
  • Industrials

    Lower dry bulk ship supply growth is a catalyst for higher rates

    Why is capacity important? Analysts evaluate capacity growth to see whether it will exceed demand growth, instead of solely relying on indicators such as ship orders and ship prices that reflect managers’ perspective of future supply and demand dynamics. When capacity grows faster than demand, competition rises among individual shipping firms as they try to […]

    By Xun Yao Chen
  • Industrials

    With robust Panamax orders, dry bulk fundamentals are improving

    Managers remain optimistic From September 27 to October 4, ship orders for Capesize vessels fell slightly from 10.34% to 10.32%, after rising from 10.28% on September 20. Supramax vessels also registered a decline from 4.66% to 4.59% over the same period, while orders for Panamax vessels surged ahead from 16.04% to 16.64%. Analysts use a […]

    By Xun Yao Chen
  • Industrials

    We’re at the start of higher fleet utilization, so rates will rise

    Annual capacity growth remains positively in a downtrend From September 27 to October 4, year-over-year growth in dry bulk capacity, measured in deadweight tonnage (DWT, the weight a ship can safely carry across the ocean) and published weekly by IHS Global Limited for Capesize vessels fell from 4.70% to 4.63%. Year-over-year growth for Supramax vessels […]

    By Xun Yao Chen
  • uploads///Bulk Vessel Newbuild Price    e
    Industrials

    Scorpio and Diana’s higher purchase prices support dry bulk stocks

    The significance of vessel values The prices of new builds are useful indicators that reflect the dry bulk shipping industry’s future fundamental outlook. New prices often rise because of higher orders for ships. Usually, this is the result of managements’ speculation that future shipping rates (which can increase or stay the same from the current […]

    By Xun Yao Chen
  • uploads///Baltic Shipping Index by Ship Class    e
    Industrials

    Idea: Do dry bulk stocks actually follow the Baltic Dry Index?

    For new investors, the government shutdown crisis could be a great opportunity if the long-term fundamental outlook remains positive for shipping.

    By Xun Yao Chen
  • uploads///China Iron Ore Inventory    e
    Materials

    Iron ore inventory still low, good for dry bulk shipping stocks

    Iron ore inventory Iron ore inventory at Chinese ports can be an important factor that affects shipping rates, since it reflects the safety net and the imbalance between iron ore supply and steel mill demand. When inventory levels are high, they reflect possible over-purchases by importers, which may prompt importers to cut back on imports […]

    By Xun Yao Chen
  • uploads///Bulk Vessel Newbuild Price    e
    Industrials

    Higher new build prices mean higher dry bulk shipping share prices

    What new build prices reflect The prices of new builds are useful indicators that reflect the dry bulk shipping industry’s future fundamental outlook. New prices often rise because of higher orders for ships. Usually, this is the result of managements’ speculation that future shipping rates (which can increase or stay the same from the current […]

    By Xun Yao Chen
  • uploads///Bulk Vessel  Years Old Value Relative to Newbuilds    e
    Industrials

    Why second-hand ship values suggest dry bulk shares will climb

    The significance of second-hand ship values The prices of older vessels are another indicator that reflects the fundamentals of shipping companies. Because these vessels are sold and bought in the secondary market, it doesn’t take as long for the buyer to receive these vessels. So price movements in older vessels often reflect nearer-term fundamental outlook […]

    By Xun Yao Chen
  • Industrials

    Ship construction activity stabilizing, good for shipping stocks

    Stabilizing construction activity means managers are expecting rates to recover to adequate levels that can generate good returns for existing constructions soon.

    By Xun Yao Chen
  • Industrials

    Construction activity signals dry bulk shipping recovery in 2014

    On August 30, the number of ships under construction as a share of existing vessels held steady from the previous week, based on four weeks of data to smooth out short-term noise.

    By Xun Yao Chen
  • Industrials

    Panamax and Supramax supply growth slides more, supporting rates

    With construction levels falling, it’s just a matter of time until capacity growth falls even further, especially for Panamax and Supramax ships.

    By Xun Yao Chen
  • Industrials

    Star Bulk could become largest U.S. dry bulk shipping company

    Star Bulk Carriers Corporation (SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, is en route to becoming the largest U.S. listed dry bulk shipping company.

    By Katie Dale
  • Industrials

    Star Bulk’s countercyclical Excel Maritime acquisition

    Star Bulk Carrier’s (SBLK) acquisition from Excel Maritime is well-timed from a short-term and a long-term point of view. The company acquired Panamax/ Kamsarmax vessels at historically low prices, with Panamax vessel prices currently at the lowest level in 2014, a 21% decline compared to its peak in April.

    By Katie Dale
  • uploads///Newcastlemax
    Industrials

    Star Bulk eco fleet and Newcastlemax vessels a benefit for the company

    By using Newcastlemax vessels, Star Bulk Carriers Corporation (SBLK) experiences a significant reduction of dollar per ton cost on major routes during a high bunker environment. The benefits of eco are improving cash flow during a high-freight market and downside protection during a low-freight market.

    By Katie Dale
  • Financials

    Why should you understand spot exposure and contract coverage?

    There are two main types of contracts in the dry bulk shipping industry, spot charter contracts and time charter contracts.

    By Yanyu Mao
  • uploads///Grain Imports and Exports
    Industrials

    Major importers and exporters of grain and oilseed

    Compared to iron ore and coal, the grain and oilseed trade makes up a much smaller part of overall dry bulk shipments—about 10%.

    By Xun Yao Chen
  • uploads///Dry Bulk Global Trade Estimate
    Industrials

    Investing in dry bulk shipping: A must-read overview

    This series covers key suppliers of various commodities in the seaborne market as well as indicators pertaining to economic and industry fundamentals.

    By Xun Yao Chen
  • uploads///NM CEO
    Industrials

    CEO profile: Navios Holdings’ Angeliki Frangou helps NM and NMM

    Angeliki Frangou has been Navios Maritime Holdings Inc.’s chairman and CEO since August 25, 2005.

    By Xun Yao Chen
  • uploads///Bulk Vessel Newbuild Price    e
    Industrials

    Keep it simple: New build prices are key dry bulk stock drivers

    Shipping rates are subject to seasonal factors and can be volatile. To overcome that problem, investors should follow new build prices.

    By Xun Yao Chen
  • uploads///Raw Beta
    Industrials

    Tip: Accept dry bulk shipping volatility and make better decisions

    The combination of high fixed costs and variations in shipping rates are two factors that make industrial companies more volatile.

    By Xun Yao Chen
  • Industrials

    Overview: DryShips’ fleet management and 1Q earnings turnaround

    In regards to the management agreement, TMS Bulkers is entitled to a fixed management fee of $2,069 per vessel, per day, payable in equal monthly installments in advance.

    By Katie Dale
  • Industrials

    Overview: DryShips’ bank compliance and effective balance sheet

    As compared to its earlier periods, DryShips’ (DRYS) value to loan compliance situation has improved significantly.

    By Katie Dale
  • Financials

    Must-know: What caused the Greek, Irish, and Spanish debt issues?

    Tourism revenues—a key revenue component for all these countries—declined substantially because foreign tourists stayed away during the aftermath of the Great Recession. Key industries were also affected—notably cyclical industries like shipping.

    By Phalguni Soni
  • Energy & Utilities

    Baltic Dry Index on the downfall with capsize rates down

    In trading, the Baltic Dry Index declined to 850 on June 30, 2014, from 934 at the beginning from the month.

    By Katie Dale
  • uploads///Revenue Chart
    Industrials

    Navios Maritime Partners: A must-know company overview

    For the first quarter of 2014, Navios Maritime Partners’ revenue rose 14.4% year-over-year to $57.5 million, led by vessel acquisitions.

    By Katie Dale
  • Financials

    Why China’s March PMI is positive for dry bulk shippers

    China’s official PMI For the month of March, China’s official PMI (purchasing managers’ index) inched up to 50.3 as compared to 50.2 recorded in February, allaying fears of slowdown in the world’s second largest economy and a key driver of dry bulk shipping stocks such as DryShips Inc. (DRYS), Navios Maritime Holdings Inc. (NM), Diana […]

    By Katie Dale
  • uploads///new lonas
    Energy & Utilities

    Why dry bulk shippers can benefit from China’s record new loans

    Loans play an important role in helping an economy grow by stimulating consumption and investment and creating greater overall demand.

    By Yanyu Mao
  • uploads///part
    Energy & Utilities

    Why Indonesia’s nickel ore export ban affects dry bulk shippers

    As a major producer and exporter of oil, gas, and minerals (including gold, nickel, copper, tin, and thermal coal), Indonesia’s exports account for a significant share of Indonesia’s GDP.

    By Yanyu Mao
  • uploads///Baltic Dry Index YOY and Shipping
    Energy & Utilities

    Have dry bulk shippers like Navios gotten ahead of themselves?

    We’ve learned through previous research that week-to-week movements in the Baltic Dry Index don’t really have a strong relationship with week-to-week movements in dry bulk shipping stocks.

    By Xun Yao Chen
  • uploads///Diana Shipping TCE
    Energy & Utilities

    Timeline: Diana’s time charter fell despite higher BDI in 4Q13

    Diana Shipping Inc.’s (DSX) revenue for the fourth quarter, $39.5 million, missed analysts’ consensus of $42.6 million.

    By Xun Yao Chen
  • uploads///Drys CEO
    Industrials

    CEO profile: DryShips Inc. CEO George Economou’s key experience

    George Economou appears to have an empire of several kinds of shipping companies as well, including container ships and drill ships.

    By Xun Yao Chen
  • uploads///Baltic Shipping Index by Ship Class    e
    Energy & Utilities

    As the Baltic Dry Index turns, Soros tests dry bulk shipping

    The companies that Soros bought are some of the largest publicly traded dry bulk shipping companies in the world.

    By Xun Yao Chen
  • uploads///Steel Producers in Developed Asian Countries    e
    Energy & Utilities

    To see the future of shipping, you should follow steel profits

    Valuations and outlook Sometimes, instead of looking at what’s happening within the shipping industry, investors may gather more important insight by looking at how customers are doing—using steel producers. One quick way to find out the future outlook of a cyclical industry like steel is to look at how the valuations and share prices of […]

    By Xun Yao Chen
  • Energy & Utilities

    Why ship scrapping activity affects dry bulk shippers

    The significance of scrapping level and shipping rates While shipping scrappage activity does affect supply, it’s best suited to get an immediate to medium-term assessment of supply and demand dynamics (depending on how you slice and dice it). The rate at which companies scrap ships often reveals whether the dry bulk shipping industry is facing excess […]

    By Xun Yao Chen
  • uploads///China Real Estate Climate and Baltic Dry Index    e
    Industrials

    Why the real estate climate index affects the Baltic Dry Index

    Why is the real estate climate index important? China’s real estate activity has a significant influence on dry bulk shippers, as it uses a lot of steel. One indicator that reflects this activity is the Real Estate Climate Index. The National Bureau of Statistics developed the index to capture the trends and situation in the […]

    By Xun Yao Chen
  • uploads///Baltic Shipping Index by Ship Class    e
    Industrials

    Shipping rates maintain upward momentum, positive for shares

    Shipping indexes (rates) haven’t lost momentum despite analysts’ cautions. Shipping companies’ long-term outlook remains positive.

    By Xun Yao Chen
  • Industrials

    Cape-fleet growth finally breaks 5%, good for shipping stocks

    Annual capacity growth remains positively in a downtrend From September 13 to 20, year-over-year growth in dry bulk capacity, measured in deadweight tonnage (DWT, the weight a ship can safely carry across the ocean) and published weekly by IHS Global Limited, for Capesize vessels dropped from 5.26% to 4.00%. This is the lowest level in […]

    By Xun Yao Chen
  • uploads///China Imported Iron Ore Price    e
    Industrials

    Rising steel and iron ore prices support dry bulk shipping firms

    The relationship between commodity prices and shipping rates Commodity prices generally move together with shipping rates. When prices for materials such as steel, iron ore, coal, oil, and copper rise, it’s often due to higher growth in demand than supply. This also means higher shipments, which have a positive effect on shipping rates. So, when commodity prices […]

    By Xun Yao Chen
  • Industrials

    Should you worry about near-term dry bulk shipping capacity growth?

    There’s much debate over whether capacity will grow faster than demand this year. It’s difficult to say, since it depends on a variety of fluctuating factors.

    By Xun Yao Chen
  • uploads///Untitled
    Industrials

    Why this year’s fleet utilization could surpass last year’s high

    Golden Ocean Group, an international dry bulk shipping company controlled by the shipping billionaire John Fredriksen, had reported improved profits of $43.5 million for the second quarter.

    By Xun Yao Chen
  • uploads///Article
    Energy & Utilities

    Why increasing Newbuild vessel prices discourages buyers

    On a weekly basis, vessel prices indicate the current trading prices of Capesize, Panamax, Supramax, and Handymax vessels. They also indicate the weekly changes.

    By Katie Dale
  • uploads///India coal imports platts e
    Energy & Utilities

    Why India will face a coal deficit in fiscal year 2013–2014

    Given the country’s current economic situation, economic growth and coal demand could fall short.

    By Xun Yao Chen
  • uploads///Dry Bulk Shipping Stock Performance    e
    Industrials

    Why you should look beyond the U.S. market for dry bulk shippers

    Although the U.S. market has been falling over the past few weeks, and it may continue to fall further, it’s important to know that dry bulk shippers don’t exactly follow the U.S. market.

    By Xun Yao Chen
  • uploads///Article
    Energy & Utilities

    Baltic Dry Index – Why December dipped in red

    The Baltic Dry Index, or BDI, measures the price of transporting dry bulk. It’s a combination of rates for different ship sizes.

    By Katie Dale
  • Energy & Utilities

    Crude steel production run-up affects dry bulk shippers

    China’s crude steel production is a key indicator that dry bulk shipping investors should watch. This is mainly due to iron ore primarily being used to manufacture steel.

    By Katie Dale
  • Energy & Utilities

    October dry bulk newbuild ship prices are relatively consistent

    An indicator to gauge bulk vessels’ fundamental prospects, ship prices include newbuild vessel prices and second-hand vessel prices.

    By Katie Dale
  • uploads///Article
    Materials

    Monthly crude steel production’s YoY growth – 2014 declined

    The National Bureau of Statistics revealed that the December crude steel output in China increased 7.6% to 68.09 million tonnes. Steel output was up 1.5% YoY.

    By Katie Dale
  • uploads///Article
    Materials

    China’s coal imports are rising due to cheaper coal overseas

    For 2014, the total coal imports were 291.22 million tonnes—compared to 327.1 million tonnes in 2013. This was after many years of double-digit growth.

    By Katie Dale
  • Energy & Utilities

    Prudent chartering policy leading to stable growth

    For the remainder of 2014, open days for its fleet stands at 64% of anticipated ownership days, 85% in 2015, and 90% in 2016 offering substantial upside potential for revenue.

    By Katie Dale
  • uploads///What Moves Shipping Stocks Up and Down
    Energy & Utilities

    Must-know drivers that move shipping stocks up and down

    Shipping rates are driven by supply and demand: tighter supply results in higher rates, while looser supply and demand balance leads to lower rates.

    By Xun Yao Chen
  • uploads///Euro  years
    Macroeconomic Analysis

    Changing Dynamics in the Eurozone: The Global Effect

    The euro was first introduced at midnight on January 1, 1999, in non-physical form. The aim of the Eurozone was to have a common currency for 19 of the 28 participating EU nations.

    By David Meyer
  • uploads///NAV
    Company & Industry Overviews

    How Does NMM’s Stock Compare with Its Adjusted Net Asset Value?

    Navios Maritime Partners’ adjusted NAV (net asset value) shows that it is currently trading at a 46% discount to its NAV.

    By Anuradha Garg
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