Baltic Dry Index
Today is a holiday in the U.S.. ASIA: Japan exploded higher. The rest of Asia rallied strongly as well, following U.S. markets' optimism from last Friday. Japanese exporters led the gains. Oddly, once again, the strong yen…Read
New shipper company Baltic Trading (BALT) completed its initial public offering on March 15th. The new company immediately took its 228 million and began buying ships - a selection of cheap ships of varying sizes. Was this…Read
The BDI data is critical for how the DryBulk Shipping Stocks such as DryShips Inc ( DRYS ), Excel Maritime Carriers Ltd (EXM), Diana Shipping Inc ( DSX ), Genco Shipping Trading Limited ( GNK ), TBS International Limited ( TBSI…Read
Chinas CFLP Manufacturing PMI for August increased slightly to 51.7 from 51.2 the first increase in 4 months. The uptick was in line with my forecast based on the historical seasonal pattern. Although the PMI is still above…Read
The report of a 56.3 reading on the latest Institute of Supply Management Index has been cheered by economists and with good reason.One surprising aspect of that report is that Apparel is a growing sector. Growth in this sector…Read
The BDI data is critical for how the DryBulk Shipping Stocks such as DryShips Inc ( DRYS ), Excel Maritime Carriers Ltd (EXM), Diana Shipping Inc ( DSX ), Genco Shipping Trading Limited ( GNK ), TBS International Limited ( TBSI…Read
China’s CFLP Manufacturing PMI for August has just been published. This post analyzes the numbers and spells out likely investment implications.…Read
GA_googleFillSlot("468x60"); China’s CFLP Manufacturing PMI for August increased slightly to 51.7 from 51.2 – the first increase in 4 months. The uptick was in line with my forecast based on the historical seasonal…Read
China’s CFLP Manufacturing PMI for August increased slightly to 51.7 from 51.2 – the first increase in 4 months. The uptick was in line with my forecast based on the historical seasonal pattern. Although the PMI is still above…Read
ASIA: Surged after yesterday's U.S. melt-up. Japan took the lead. Gartner increased its 2010 semiconductor sales forecasts to +31.5% growth vs. 2009, from 27.1% previously, helping chip makers in Asia. The Royal Bank of…Read
We initiate coverage for Excel Maritime Carriers Ltd. with a Neutral recommendation.…Read
The BDI data is critical for how the DryBulk Shipping Stocks such as DryShips Inc ( DRYS ), Excel Maritime Carriers Ltd (EXM), Diana Shipping Inc ( DSX ), Genco Shipping Trading Limited ( GNK ), TBS International Limited ( TBSI…Read
DryShips Inc.'s Neutral recommendation implies that the stock will perform mostly in line with the broader market.…Read
The BDI data is critical for how the DryBulk Shipping Stocks such as DryShips Inc ( DRYS ), Excel Maritime Carriers Ltd (EXM), Diana Shipping Inc ( DSX ), Genco Shipping Trading Limited ( GNK ), TBS International Limited ( TBSI…Read