GLG News by VLCC Experts

Vijaya IswaraDirectorFastFix Inc.

Piracy a real threat to global trade

August 14, 2011

Analysis of:Study finds Somali piracy could cost global economy $12 billion | www.businessdailyafrica.com

Piracy off the coast of Somalia is causing serious issues to ship owners, cargo owners and governments alike. The new study estimates it can cost about $12billion to global and regional trade. Damage from piracy is across the industry segments ranging from fisheries to containers and bulk goods to oil tankers. The burden of legally stabilizing and containing the problem is weighing heavily on Kenya and Seychelles due to gaps in global legal options.

Vijaya IswaraDirectorFastFix Inc.

Arctic shipping routes - good or bad?

July 7, 2011

Analysis of:Arctic shipping routes unlikely to be Suez of the north | euobserver.com

New shipping routes in arctic are being considered as an alternative channel to cut transit times from northern europe to far east destinations. Norway, Russia and others are attempting to improve the markets for natural resources in Asia.However, certain operational challenges and environmental concerns will remain unaddressed for the foreseeable future.

Vijaya IswaraDirectorFastFix Inc.

Spot Freights stagnant. I suggest "FREIGHT BANKERS"

September 28, 2010

Analysis of:Dry Bulk: Freight Rates Continue to Fall on Low Activity | www.hellenicshippingnews.com

Fortunes in dry bulk sector remain stagnant due to lack luster Chartering activity in spot markets. Holidays in many asian countries contributed to this negative trend. Chinese government restrictions on electricity usage, shut down of steel mills, existing stock piles of ore, leveled off demand for ore and coal are some of the reasons attributed to near term threat to dry bulk freight rates.

Jonathan FefferPresidentJF Maritime, Inc.

Moratorium on offshore drilling in US GoM

June 1, 2010

The President has announced a 6 month moratorium on all drilling in water depths 500 feet or more

Vijaya IswaraDirectorFastFix Inc.

Ore wars and collateral damage

April 18, 2010

Analysis of:Steelmakers grappling with iron ore dilemma | joongangdaily.joins.com

Steel makers from Korea and Japan are teaming up against iron ore giants opposing the price increases. They complain that rising raw material prices will hurt the steel demand from autos, shipbuilding industry and consumers. After reporting increasing sales and profit figures steel makers feel cornered about the situation with their raw material suppliers.

Vijaya IswaraDirectorFastFix Inc.

How to value a Ship.

December 27, 2009

Analysis of:What Is a Ship Worth? | finance.yahoo.com

In this article "What is Ship Worth?" I commend the efforts of Mr. Demetris Nenes of OceanFreight (OCNF) to answer such an elementary but relatively complex question. He points out the importance of attaching certain "extra premium over NPV of future cash flows" and also counts in the mean volatility experienced over past decades. He opines higher volatility will command higher premium because of an investor's expectation of eventual higher return. Let us review it from a different perspective.

Vijaya IswaraDirectorFastFix Inc.

FFA disputes and capital losses

November 15, 2009

Analysis of:Futures fray | www.tradewinds.no

FFA dispute between Marine Trade, Luxembourg, Pioneer Futures, China and Armada of Singapore ended up in London court for US Dollar settlement under the terms of FFABA master agreement. It is unclear in the article if the trade went through Oslo's Imarex and NOS clearing. Due to precipitous drop in baltic indices during 4Q08, 1Q09 such cases became common. FFAs a channel that was promoted as risk management tool for freight contracts has failed to achieve its very fundamental purpose for users.

Vijaya IswaraDirectorFastFix Inc.

Do bribery or spying really exist in international trade?

August 12, 2009

Analysis of:Rio Tinto staff formally charged with spying, bribery | www.marketwatch.com

Rio employees were arrested by Chinese government officials on charges of corporate espionage and bribery. This is a surprising twist in Chinese attitude towards their key iron ore suppliers. In post Beijing olympics world, is China taking a closer look at her important purchasing decisions or is it more than that? Is this really special to China and iron ore trade or is it more prevalent in other commodity trades also. Corporate espionage and bribery are not foreign concepts to foreign trade.

Craig MarstonManaging DirectorCEM Marine

Economou Deserving Of Some Criticism

June 16, 2009

Analysis of:CEO pilloried | www.tradewinds.no

While not the epitomy of evil that Jim Kramer describes, George Economou has lost his way somewhat.

Craig MarstonManaging DirectorCEM Marine

Jinhui Shipping's Gloomy Outlook

June 4, 2009

Analysis of:Dry reality check | www.tradewinds.no

Jinhui Shipping (Oslo:JIN.OL) reported disappointing numbers coupled with a gloomy outlook on the near-term market, despite the recent recovery in dry bulk rates.  I agree with their market forecast, but Jinhui's near-term prospects have more to do with capacity.

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