Navios Maritime Partners L.P.

Most Recent

  • uploads///Charter rates
    Company & Industry Overviews

    Are Navios Maritime Partners’ Distributions Sustainable?

    Navios Maritime Partners LP (NMM) is less sensitive to shipping cycles due to its long-term charters and staged expirations.

    By Anuradha Garg
  • 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
  • uploads///Dry Bulk Capacity    e
    Energy & Utilities

    Current positive data shows supply to grow below 7% in 2013

    In a highly commoditized industry like the shipping industry, capacity is an important metric that directly impacts companies’ top line, or revenue performance. When capacity grows faster than demand, competition will rise among individual shipping firms as they try to utilize idle ships and cover fixed costs. This will lower day rates, which will negatively […]

    By Xun Yao Chen
  • uploads///
    Fund Managers

    What Do Fundamental Bulk Shipping Indicators Say?

    The BDI (Baltic Dry Index) is a leading indicator for the bulk shipping industry. It’s a measure of the cost of shipping major bulk commodities on a number of shipping routes.

    By Santiago Solari
  • 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
  • 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///Exposure Chart
    Energy & Utilities

    Why can Navios Partners give out higher distributions?

    While Navios Maritime Partners (NMM) is less sensitive to shipping cycles because of its longer-term contracts and staged expirations, it’s still subject to market rates when contracts roll over.

    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///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///China Imported Iron Ore Price    e
    Industrials

    Iron ore shipments rose in June due to demand, positive for dry bulk shipping

    China’s iron ore import data China’s iron ore import is a key driver of shipping demand, making up more than 75% of the world’s total iron ore shipments. So China’s import rising is positive for shipping rates—Capesize vessels in particular—which can give short-term support to share prices and a medium-term boost to companies’ financials. While […]

    By Xun Yao Chen
  • uploads///China Interbank Repo  Months    e
    Industrials

    China’s interbank lending rate falls below 6.0%, positive for dry bulk shipping?

    Update to Must-know: Shipping companies hit by China’s financial woes The impact of China’s financial industry The financial industry is an essential part of any economy. Without a stable financial system—one that supplies liquidity to businesses and individuals and bridges the gap between savers and borrowers—an economy can’t function as efficiently and productively as it […]

    By Xun Yao Chen
  • uploads///China Daily Steel Output    e
    Industrials

    Early July steel output falls steeply, worrisome for dry bulk shipping stocks?

    China’s steel output China’s steel output is a leading indicator of iron ore and coal demand. When steel output declines, the fall is often due to adjustments to weaker demand. As China makes up 70% of the world’s total iron ore imports, lower steel output will translate to fewer iron ore imports. This will hurt […]

    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///China Interbank Repo  Months    e
    Energy & Utilities

    Must-know: Shipping companies hit by China’s financial woes

    The impact of China’s financial industry The financial industry is an essential part of an economy. Without a stable financial system—one that supplies liquidity to businesses and individuals and bridges the gap between savers and borrowers—an economy can’t function as efficiently and productively as it could. So, a collapse in the financial industry would grind […]

    By Xun Yao Chen
  • Industrials

    Shipping capacity growth breaks below 7%, first time since 2009

    Why is capacity important? Capacity is an important factor that directly impacts companies’ top line (revenue) in a highly commoditized industry, like shipping. When capacity grows faster than what’s demanded, competition rises among individual shipping firms as they try to use idle ships and cover fixed costs. This lowers day rates, which negatively affects bottom […]

    By Xun Yao Chen
  • uploads///Global Iron Ore Imports    e
    Industrials

    Why China’s interbank rates have an impact on dry bulk shipping companies

    The impact of China’s financial industry The financial industry is an essential part of any economy. Without a stable financial system—one that supplies liquidity to businesses and individuals and bridges the gap between savers and borrowers—an economy can’t function as efficiently and productively as it could. So, a collapse in China’s financial industry would grind […]

    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///Dry Bulk Shipping Stocks    e
    Industrials

    Why you should watch 7 key industry indicators for shipping fundamentals (Part 1)

    Dry bulk shipping companies lag behind economic recovery Despite the U.S. stock market surpassing its 2008 highs recently, with the Dow Jones Industrial Index hitting 15,464.30 and S&P 500 hitting 1,680.19 as of July 12, 2013, dry bulk shipping companies have done poorly. These companies primarily transport raw materials such as iron ore, coal, and […]

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

    Maturing contracts present significant downside for certain shipping firms

    The two main markets for shipping companies, such as DryShips Inc. (DRYS), Diana Shipping Inc. (DSX), Navios Maritime Partners LP (NMM) and Safe Bulkers Inc. (SB), are spot (voyage) and time charter (period). Companies that engage in the spot market will charge a one-time fee that customers pay to have a certain amount of goods […]

    By Xun Yao Chen
  • Energy & Utilities

    Capacity growth portrays short-term negative but long-term positive for shipping

    In a highly commoditized industry, like the shipping industry, capacity is an important metric that directly impacts companies’ top line, or revenue performance. When capacity grows faster than demand, competition will rise among individual shipping firms as they try to utilize idle ships and cover fixed costs. This will lower day rates, which will negatively […]

    By Xun Yao Chen
  • Energy & Utilities

    Shipping recovery continues with additional purchases, long-term opportunity

    Ship orders apply most to long-term investments Ship orders reflect managers’ assessments of the industry’s future demand and supply balance. Dry bulk shipping companies will often place new orders when future demand is expected to increase more than supply, on the condition that they expect to generate profits with new vessels.[1. Dry bulk shipping companies […]

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

    Dry bulk shipping rates rise due to restocking, but likely downside looming

    The dry bulk shipping industry’s service is commoditized. So, supply and demand balance is one of the most important drivers for dry bulk companies’ top- and bottom-line performances.

    By Xun Yao Chen
  • uploads///Dry Bulk Vessel Prices  Years Old    e
    Industrials

    Ship prices rise to 8-month high, supporting dry bulk shipping recovery

    Why should you watch ship purchase prices? Purchase prices for ships are often good indicators of financial health in the shipping industry. When shipping demand grows more than the supply of ships, shipping companies place additional orders, which drives up purchase prices. Additionally, when firms are able to charge higher prices for transporting goods across […]

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

    Why iron ore prices rising to two-month high is positive for dry bulk shippers

    Commodity prices and shipping Commodity prices are leading indicators of an economic cycle. Because suppliers of raw materials require time to ramp up production, an increase in demand during an economic expansion will often lead to higher prices. As a result, commodity prices correlate highly with shipping. Iron ore prices On July 25, the price […]

    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
  • uploads///Valuation
    Company & Industry Overviews

    Which Company Can Offer an Upside in the Weak Dry Bulk Market?

    Navios Maritime Partners (NMM) seems like a good way to play the current weak dry bulk market. It has an upside in case of an eventual recovery.

    By Anuradha Garg
  • uploads/// yr charter rates
    Company & Industry Overviews

    Diana Shipping and Navios Partners Have to Weather Rollover Risk

    For Diana Shipping, contract rollover is a near to medium-term risk. Among its Capesize fleet, almost all of the 12 contracts will expire within about a year and a half.

    By Anuradha Garg
  • uploads///Global Iron Ore Imports    e
    Industrials

    Why China remains a risk for dry bulks as bank interest rate stays above average

    The impact of China’s financial industry The financial industry is an essential part of any economy. Without a stable financial system—one that supplies liquidity to businesses and individuals and bridges the gap between savers and borrowers—an economy can’t function as efficiently and productively as it could. So a collapse in China’s financial industry would grind […]

    By Xun Yao Chen
  • uploads///Steel producers in developed Asian countries e
    Industrials

    Contrarian approach: why high valuation multiple is positive for shipping stocks (dry bulk)

    Valuations can often tell investors the outlook of equities in the near future. Although value investors often look for valuations that are low, high valuations can often signal better times ahead. This is especially true for cyclical companies, such as steel producers and shipping companies, as has been mentioned by Peter Lynch in his famous […]

    By Xun Yao Chen
  • uploads///NAV diagram
    Company & Industry Overviews

    How Does Net Asset Value Measure Navios Maritime’s Valuation?

    NAV (net asset value) is a valuation method under which a company’s value is equal to the difference between its assets and liabilities.

    By Anuradha Garg
  • uploads///Steel Producers in Developed Asian Countries    e
    Energy & Utilities

    Divergence in steel multiples and share prices spell positive shipping outlook

    Valuations can often tell investors the outlook of equities in the near future. Although value investors often look for valuations that are low, high valuations can often signal better times ahead. This is especially true for cyclical companies, such as steel producers and shipping companies, as has been mentioned by Peter Lynch in his famous […]

    By Xun Yao Chen
  • Energy & Utilities

    Shipping industry recovery is real, but timing remains uncertain

    Ship orders reflect managers’ assessments of the industry’s future demand and supply balance. Dry bulk shipping companies will often place new orders when future demand is expected to increase more than supply, on the condition that they expect to generate profits with new vessels.[1. Dry bulk shipping companies engage in the transportation of dry raw […]

    By Xun Yao Chen
  • 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
  • uploads///Dry Bulk Vessel Prices  Year Old    e
    Industrials

    Dry bulk shipping weekly analysis (Part 10: Ship prices)

    Continued from Part 9 Why should you watch ship purchase prices? Purchase prices for ships are often good indicators of financial health in the shipping industry. When shipping demand grows more than the supply of ships, shipping companies place additional orders, which drives up purchase prices. Plus, when firms are able to charge higher prices […]

    By Xun Yao Chen
  • 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
  • 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
  • Industrials

    Must-know: Weekly dry bulk shipping industry fundamentals update (Part 2)

    Continued from Part 1 The importance of ship orders One measure that reflects managers’ expectation of future supply and demand differences is the number of ships on order. When managers expect future supply to increase more than demand, they refrain from purchasing new ships. However, when they expect demand to outpace supply growth, companies return to […]

    By Xun Yao Chen
  • 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
  • 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
    Basic 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
    Basic 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
  • 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///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
  • 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///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///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///OECD Leading Indicators    e
    Energy & Utilities

    Leading indicators suggest better outlook for shipping companies in 2013

    Dry bulk shipping demand is highly dependent on the global economy. One great tool that money managers and policymakers rely on to assess short to medium-term economic outlook is the composite leading indicator published by the OECD (Organization for Economic Co-operation and Development). The components of the composite leading indicators differ from one country another, […]

    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///Article
    Energy & Utilities

    Crude oil contango and offshore storage

    The drastic drop in crude oil prices created a situation in which the price of near-term crude is cheaper than the price of long-term crude.

    By Katie Dale
  • 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

    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
  • 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///Bunker Fuel Prices_Week
    Miscellaneous

    Crude Oil Rates and Bunker Fuel Prices in Week 7

    On February 15, 2018, the average bunker fuel price was $400.5 per ton—compared to $416 per ton on February 8.

    By Sue Goodridge
  • uploads///Bunker Fuel Prices_Week
    Miscellaneous

    Where Did Oil Prices and Bunker Fuel Prices Head in Week 5?

    On February 1, 2018, the average bunker fuel price was $444 per ton—compared to $445 per ton on January 25.

    By Sue Goodridge
  • uploads///Bunker Fuel Prices_Week
    Miscellaneous

    Where Are Bunker Fuel Prices Heading?

    Last week, Brent crude oil prices touched $70 per barrel on Tuesday following preliminary data published by API that US crude oil inventories fell.

    By Sue Goodridge
  • uploads///Bunker Fuel Prices_Week
    Miscellaneous

    Analyzing Bunker Fuel Prices in Week 2

    On January 11, 2018, the average bunker fuel price was $437 per ton—compared to $431 per ton on January 4, 2018.

    By Sue Goodridge
  • uploads///Crude OIl Prices_Week
    Miscellaneous

    Week 51: Crude and Bunker Fuel Prices

    According to EIA data, US crude inventories fell for the fifth consecutive week—down by 6.5 MMbbls for the week ending December 15, 2017.

    By Sue Goodridge
  • 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
  • uploads///Vessel values
    Earnings Report

    Could Navios Partners’ Dividend Cut Be a Long-Term Opportunity?

    Navios Maritime Partners (NMM) will save $72 million annually from the suspension of dividends (DVY).

    By Anuradha Garg
  • uploads///Dry bulk companies performance
    Company & Industry Overviews

    Navios Maritime Partners Falls in the Current Dry Bulk Rout

    Since releasing its 3Q15 results on November 3, 2015, Navios Maritime Partners (NMM) has fallen by 71%.

    By Anuradha Garg
  • uploads///TC Rates
    Macroeconomic Analysis

    Dry Bulk Time Charter Rates Paint a Grim Picture

    Time charter rates for dry bulk vessels have fallen considerably over the last few months. Capesize one-year rates have fallen by 40% in the last three months to $7,750 per day.

    By Anuradha Garg
  • uploads///Vessel prices
    Macroeconomic Analysis

    Low Dry Bulk Vessel Values Not Low Enough to Tempt Buyers

    Dry bulk shipping vessel values have fallen to very attractive prices, especially for secondhand vessels. But investors are still wary of the downside ahead.

    By Anuradha Garg
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