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
Many analysts, public and private equity investors and shipowners seem to believe the dry bulk order book has declined materially over the past eight and one-half months and that the dry bulk market...
Jim Rogers is seriously concerned about the impact of continual and expansive monetary policy coordinated by central banks around the globe. We have even seen the Chinese central bank conduct...
In an article yesterday in ZeroHedge, Tyler Durden recalls from earlier this summer, “problems with the industry-specific data underlying the Chinese Purchasing Manager’ Index (PMI) numbers.” “Fast-forward to last week,” notes...
Why has there been a relatively sudden demand spike for dry bulk shipping since June 2013? The origins lead directly back to an “Unofficial Economic Stimulus” plan instituted by Premier...
The real estate problems in China dwarf those experienced in the U.S. from 2006 to 2010 by a significant factor. Supported by economic programs encouraging the development of large and uninhabited cities,...
Containership owners such as Maersk Line, CMA CGM, Seaspan, SinOceanic, Costamare, Ignazio Messina, Capital Shipmanagement, CIMC and others are all moving forward with plans to expand their fleets amid a market that can...
The World Steel Association, whose members represent approximately 85% of world steel production, reported that world crude steel production for the 64 reporting countries was 132 million tons (mt) in June 2013, an increase of 1.9% as compared to June 2012.
If Jim Chanos is correct in his assessment of Caterpillar and the commodity supercycle, particularly the mining business, the implications for dry bulk shipping are decidedly negative. Caterpillar, through its mining, road...
It was reported on gCaptain last week, DNB ASA and Nordea Bank AB, two of the world’s largest shipping lenders, are seeing signs of an end to the maritime industry’s...
The first decade of the 21st century was marked by Chinese demand for industrial commodities to build and expand cities and infrastructure. The Chinese government’s policies led to one of the greatest...
One should not expect that shipyards in China will disappear so quickly. For the most part, shipyards in Jiangsu, China’s largest shipbuilding province, is pressured by limited newbuilding orders. Given the current...
At the end of 2012 the dry bulk fleet comprised approximately 672.8 million deadweight (“dwt”) or 9,275 ships, including Handysize, Handymax, Panamax and Capesize vessels. By June 30, 2013, the...
Since early 2013, I have argued in numerous articles that the traditional shipping markets, containers (liner), dry bulk and tanker markets will take longer to recover than most investors, shipowners...
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