February 23rd:Third Dry-Bulk Shipper Files For Bankruptcy In Past 3 Weeks (h/t Adrian)
12 Replies to “It’s Probably Nothing”
The big shipping companies are buying and running lots of new, very large container ships. The new ships are much larger and therefore more efficient than the smaller ships. This puts a lot of pricing pressure on shipping rates, which are what the Baltic Dry Index measures.
It would be interesting to see if the actual port cargo volumes are up or down?
An interesting array of news items this AM – all related to business failures – commodity shipping, indicating a productivity slump – green energy fail, putting in doubt the sustainability of “sustainable energy” – and fish farming succumbing to the adverse cold conditions of the last few years, indicating global warming hysteria is unfounded.
The common thread in all these factual occurrences is that they contradict the MSM/PC narratives of the day. We are told the economy is recovered, we are told green energy is our saviour, we are told there is a carbon-fueled climate heating catastrophe – well ??? Who do you believe, your eyes or what you are told?
More important to those who prise freedom, financial independence and property indemnity is answering the question “cui bono” – who profits from the constant propagation of this deceitful public information – when we answer that question we will discover who the true enemies of western society and capitalism are – they make Islamic Jihad look like amateurs.
I’m just grateful the company I work for has been thriving the last several years. Especially when I’ve seen so many of my friends and family struggle in this economy.
Exactly.
Among many good comments to the article, my favourite, “weird, CANT Fed just print the dry bulk shipping demand? :P”
The emergence of conainerized movement of food grains is hurting the bulk carrier trade and this loss of market share is increasing rapidly, a container of grain is much easier to transport to end user. The bulk carrier fleet will be permanently reduced in capacity.
The Halifax Grain Elevator receives and delivers grain and feed products destined for local and global markets.
New to the port is “containerized bulk cargo.” The Grain Elevator has been adapted to handle containerized product with investments made into a “tip and load” facility. Today, the elevator handles pulse products, such as soybeans grown in Atlantic Canada, shipped halifax-grain-elevatorby container now to Asian countries via Halifax.
Ditto for Vancouver and soon PR.
Dry Baltic is an interesting measure.
More interesting is the rate of automation in industry. Middle class jobs continue to disappear. Those who do not fit on the high end of earners might be glad to get a McJob, better than nothing.
How long before China goes bust and all those factories come trickling back to North America, I wonder?
It would be nice to be able to buy a frickin’ hockey stick that was actually made in Canada, right?
I am pretty sure that the Baltic Dry Index does not measure container shipping. The index measures bulk shipment of dry materials (as the name suggests) such as iron ore, coal, grains, fertilizer etc.
As to shipping volumes, it was interesting to note that the bulk volumes are not down over the last few years, but are rather flat to slightly up. This implies to me that the main reason for the plunge in the index is the added capacity coming on stream due to the extremely high surge of the index about 5 years ago.
I am pretty sure that the Baltic Dry Index does not measure container shipping. The index measures bulk shipment of dry materials (as the name suggests) such as iron ore, coal, grains, fertilizer etc.
As to shipping volumes, it was interesting to note that the bulk volumes are not down over the last few years, but are rather flat to slightly up. This implies to me that the main reason for the plunge in the index is the added capacity coming on stream due to the extremely high surge of the index about 5 years ago.
Great one. Thanks for spotting that, Ken.
Great one. Thanks for spotting that, Ken.
Hey Phantom; it has defintely begun. This happening in spite of lower oil prices definitely in future contracts.
Recogonition of longer delivery times; additional order replenishment costs; spoilage and the ever present continual contract renegotiation difficulties and lack of reciprocal understanding when mutually induced emergency situations arise are now being factored into contract determinations..
Asian concept of “correctness” does not equate with North American (British) concepts of common law. Should have been taken into consideration earlier, but better late than never. Cheers;
The big shipping companies are buying and running lots of new, very large container ships. The new ships are much larger and therefore more efficient than the smaller ships. This puts a lot of pricing pressure on shipping rates, which are what the Baltic Dry Index measures.
It would be interesting to see if the actual port cargo volumes are up or down?
An interesting array of news items this AM – all related to business failures – commodity shipping, indicating a productivity slump – green energy fail, putting in doubt the sustainability of “sustainable energy” – and fish farming succumbing to the adverse cold conditions of the last few years, indicating global warming hysteria is unfounded.
The common thread in all these factual occurrences is that they contradict the MSM/PC narratives of the day. We are told the economy is recovered, we are told green energy is our saviour, we are told there is a carbon-fueled climate heating catastrophe – well ??? Who do you believe, your eyes or what you are told?
More important to those who prise freedom, financial independence and property indemnity is answering the question “cui bono” – who profits from the constant propagation of this deceitful public information – when we answer that question we will discover who the true enemies of western society and capitalism are – they make Islamic Jihad look like amateurs.
I’m just grateful the company I work for has been thriving the last several years. Especially when I’ve seen so many of my friends and family struggle in this economy.
Exactly.
Among many good comments to the article, my favourite, “weird, CANT Fed just print the dry bulk shipping demand? :P”
The emergence of conainerized movement of food grains is hurting the bulk carrier trade and this loss of market share is increasing rapidly, a container of grain is much easier to transport to end user. The bulk carrier fleet will be permanently reduced in capacity.
The Halifax Grain Elevator receives and delivers grain and feed products destined for local and global markets.
New to the port is “containerized bulk cargo.” The Grain Elevator has been adapted to handle containerized product with investments made into a “tip and load” facility. Today, the elevator handles pulse products, such as soybeans grown in Atlantic Canada, shipped halifax-grain-elevatorby container now to Asian countries via Halifax.
Ditto for Vancouver and soon PR.
Dry Baltic is an interesting measure.
More interesting is the rate of automation in industry. Middle class jobs continue to disappear. Those who do not fit on the high end of earners might be glad to get a McJob, better than nothing.
How long before China goes bust and all those factories come trickling back to North America, I wonder?
It would be nice to be able to buy a frickin’ hockey stick that was actually made in Canada, right?
I am pretty sure that the Baltic Dry Index does not measure container shipping. The index measures bulk shipment of dry materials (as the name suggests) such as iron ore, coal, grains, fertilizer etc.
As to shipping volumes, it was interesting to note that the bulk volumes are not down over the last few years, but are rather flat to slightly up. This implies to me that the main reason for the plunge in the index is the added capacity coming on stream due to the extremely high surge of the index about 5 years ago.
I am pretty sure that the Baltic Dry Index does not measure container shipping. The index measures bulk shipment of dry materials (as the name suggests) such as iron ore, coal, grains, fertilizer etc.
As to shipping volumes, it was interesting to note that the bulk volumes are not down over the last few years, but are rather flat to slightly up. This implies to me that the main reason for the plunge in the index is the added capacity coming on stream due to the extremely high surge of the index about 5 years ago.
Great one. Thanks for spotting that, Ken.
Great one. Thanks for spotting that, Ken.
Hey Phantom; it has defintely begun. This happening in spite of lower oil prices definitely in future contracts.
Recogonition of longer delivery times; additional order replenishment costs; spoilage and the ever present continual contract renegotiation difficulties and lack of reciprocal understanding when mutually induced emergency situations arise are now being factored into contract determinations..
Asian concept of “correctness” does not equate with North American (British) concepts of common law. Should have been taken into consideration earlier, but better late than never. Cheers;