Shipping Market Quietly In Danger as Chinese Shadow Banking Shows Vulnerability
Does anyone remember the financial crisis of 2008? Politicians, bankers and corporate executives were playing down the potential of a financial crisis before
Jay Goodgal is the Managing Member of Castalia Advisors LLC, the general partner of Castalia Straits L.P. and the Investment Manager of Castalia Straits Limited, a hedge fund primarily investing in the transportation market, with a focus on commodity trading and logistics, energy, infrastructure and maritime securities. In the United States, Mr. Goodgal is also President of J.C. Goodgal, Inc., which manages assets for high net worth individuals and corporate entities. Follow his blog HERE
Does anyone remember the financial crisis of 2008? Politicians, bankers and corporate executives were playing down the potential of a financial crisis before
In February 2014, the dry bulk shipping fleet and orderbook continued to grow. Shipowners and investors continued to order larger vessels more than
Dry bulk shipping was relying on a strong grain season in South America. Shipowners, investors and analysts, in particular, may need to reevaluate their
Shipowners, investors and analysts, who have been expecting for some time to see the dry bulk orderbook, as well as the overall shipping orderbook, to decline
The dry bulk shipping market continues to see the fleet and orderbook grow. In January 2014, the worldwide capacity of dry bulk vessels grew by nearly 8
The shipping recovery that is currently be discussed and propounded by analysts, shipowners, private equity investors and bankers is based upon an unstable
“Dry bulk recovery on the way: We are upgrading our maritime industries view to “In-Line” from “Cautious” as we see improved
For the tanker market, the breakthrough in Iranian talks in November will have a significant impact on the VLCC tanker market. For curtailing its nuclear
In 2013, the dry bulk fleet grew larger, the order book is increased, the age profile of the fleet is getting younger and shipowners slowed scrapping of
How does one invest in the shipping markets when the global economy is manipulated by central
With nearly 16+ percent of the world dry bulk fleet due for delivery in the next 2 1/4 years, there will not be enough demand to support total capacity
The data is there and we had it checked by a producer in the
Shipowners were lucky this year as newly proposed accounting standards have been delayed until at least 2015. The new rules would bring certain charters onto
"Without fundamental reform to rebalance the economy toward consumption and stimulate productivity growth through deregulation, [China's] growth is likely to
It was reported in Bloomberg’s “Chart of the Day” that the latest rally in iron-ore freight costs since 2009 has prompted shipowners to end
The World Bank lowered its economic growth forecasts for 2013 and 2014 for China and most of developing East Asia. It cited slower growth in the world’s
China’s corn self-sufficiency could fall to 93% by 2018 and to 90% by 2020, according to an executive in the corn division at state grain trading
The Bloomberg consensus forecast for Asia’s 2014 GDP growth has slipped steadily during the past four months from 6.9% at the beginning of May 2013
I received an email from a friend containing the following cynical view of the shipping markets. It highlights the frustration among many older
Tom Keene at the Bloomberg Markets 50 Summit in New York interviewed Jim Chanos, founder of Kynikos Associates Ltd., and Jim O’Neill, former chairman of
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