Jay Goodgal

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


Friday, March 28, 2014
chinese yuan money banking finance
finance

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 it occurred… What goes around comes around....

March 28, 2014
Total Views: 1

Monday, March 17, 2014
golden shadow bulk carrier
News

Bulk Carriers Continue to be Built While China Says GDP is “Flexible”

In February 2014, the dry bulk shipping fleet and orderbook continued to grow. Shipowners and investors continued to order larger vessels more than offsetting newbuilding deliveries. The fleet also grew in each...

March 17, 2014
Total Views: 1

grain elevators
Maritime News

Reduced Expectations for Dry Bulk Shipping as Harvest Predictions Turn Negative

Dry bulk shipping was relying on a strong grain season in South America. Shipowners, investors and analysts, in particular, may need to reevaluate their expectations and forecasts. On March 12,...

March 17, 2014
Total Views: 0

Friday, March 7, 2014
Chinese Shipyard
News

Shipyards Incentivized: Expect Yards to Expand Orderbook and Maintain Production

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 and see less ships...

March 7, 2014
Total Views: 0

Monday, March 3, 2014
Shanghai Waigaoqiao Shipbuilding
Maritime News

Overcapacity Builds in the Dry Bulk Sector

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 million deadweight tons (dwt),...

March 3, 2014
Total Views: 7

Monday, December 16, 2013
china gdp growth
finance

Chinese Growth: An Unstable Financial System Upon Which a Shipping Recovery is Based

The shipping recovery that is currently be discussed and propounded by analysts, shipowners, private equity investors and bankers is based upon an unstable financial system in China. China’s financial system...

December 16, 2013
Total Views: 3

Shanghai Waigaoqiao Shipbuilding
Maritime News

An Alternative View to Morgan Stanley’s Dry Bulk Market Predictions

“Dry bulk recovery on the way: We are upgrading our maritime industries view to “In-Line” from “Cautious” as we see improved market fundamentals entering into 2014. We expect dry bulk to outperform...

December 16, 2013
Total Views: 1

Sunday, December 15, 2013
national iranian tanker company
Maritime News

Reactivating the National Iranian Tanker Company Fleet, and Its Negative Impact

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 activities, Iran will benefit from approximately $7 billion in...

December 15, 2013
Total Views: 7

Monday, December 9, 2013
bulk carrier mississippi river dry bulk ship shipping
Maritime News

Shipowners and Investors Contributing to Their Own Demise

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 vessels.  On the demand side,...

December 9, 2013
Total Views: 0

Wednesday, November 27, 2013
stock market display investing
finance

Investing in the Shipping Markets?

How does one invest in the shipping markets when the global economy is manipulated by central banks?

November 27, 2013
Total Views: 0

Tuesday, November 26, 2013
Shanghai Waigaoqiao Shipbuilding
Maritime News

Too Many Bloody Ships

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 of...

November 26, 2013
Total Views: 0

Monday, November 25, 2013
bhp billiton port hedland western australia bulk carrier
Maritime News

Fleet Supply Exceeds Requirements of Iron Ore Production Until 2016

The data is there and we had it checked by a producer in the industry...

November 25, 2013
Total Views: 0

Friday, November 22, 2013
bulk carrier panama canal dark skies ship shipping vessel
Maritime News

The Sword of Damocles | Accounting Changes That Will Cause Financial Stress for Shipping Companies

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 shipping companies’ balance sheets. Any...

November 22, 2013
Total Views: 1

Thursday, November 21, 2013
Maritime News

Dry Bulk Shipping Will be Negatively Impacted as Chinese Growth Slows

"Without fundamental reform to rebalance the economy toward consumption and stimulate productivity growth through deregulation, [China's] growth is likely to slow considerably"

November 21, 2013
Total Views: 1

Wednesday, October 9, 2013
bhp billiton port hedland western australia bulk carrier
Maritime News

Shipowners Love Ships: Don’t Expect Them to be Scrapped so Quickly

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 industry’s biggest scrapping program in at least...

October 9, 2013
Total Views: 0

Monday, October 7, 2013
asia gdp growth
Maritime News

It’s Time to Lower Expectations for a Shipping Recovery

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 most populous country as well...

October 7, 2013
Total Views: 1

Friday, September 27, 2013
corn grain
Maritime News

China’s Gonna Need More Corn

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 firm China National Cereals, Oils...

September 27, 2013
Total Views: 11

asia 2014 gdp growth
Maritime News

Pressure on Dry Bulk as Asia’s Economic Prospects Show Steady Decline

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 to 6.3% as of September 23rd.  For...

September 27, 2013
Total Views: 1

Thursday, September 26, 2013
billion dollars money finance cash
Blog

Shipping Cynic – If You Had $1 Billion to Invest in Shipping?

I received an email from a friend containing the following cynical view of the shipping markets. It highlights the frustration among many older shipping industry participants regarding the flood of capital...

September 26, 2013
Total Views: 5

Wednesday, September 25, 2013
jim chanos o'neil
finance

Chanos, O’Neill on Chinese Economy and Real Estate

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 Goldman Sachs Asset Management, about...

September 25, 2013
Total Views: 1