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Gdje su nestali pitanje i odgovor na dividendu?

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kako stvari stoje….

Dry bulk rates seen extending gains
Wednesday, 05.03.2008, 12:19am (GMT)

Shipping rates for commodities may extend their gains because of China’s demand for coal and iron ore and the start of the South American grain exporting season. The Baltic Dry Index, an overall measure of commodity- shipping costs on different routes and ship sizes, surged 5.9 per cent last week to 7,613 on Feb 29, after the previous week’s 2.3 per cent decline, according to data on the London-based Baltic Exchange. The measure rose 26 per cent last month from the end of January.
More iron ore cargoes are expected to be shipped prior to the April 1 increase in contract iron ore prices.
Vale do Rio Doce, the world’s largest iron ore producer, and China Steel Corp agreed to a 65 per cent price increase for the raw material used to make steel, the Rio De Janeiro-based Vale said on Feb 25. Baosteel Group Corp, China’s largest steelmaker, on Feb 22 agreed to pay Vale 65 per cent more for contract iron ore, accepting prices paid by Japanese and South Korean rivals.
‘I believe the rebound in the Baltic Dry Index will continue through the first half of this year,’ Ryu Je Hyun, an analyst at Mirae Asset Securities, said by telephone from Hong Kong. Concern about a global economic slowdown ‘will affect the overall market, but dry-bulk shipping will depend on China-driven demand’, Mr Ryu said.
China’s infrastructure demand, higher steel prices and growth in steel consumption will drive a 6.9 per cent rise in global iron ore this year, Merrill Lynch said in a Feb 28 report. In 2009, iron ore demand may rise 6.4 per cent. Iron ore is the single-biggest commodity shipped by sea.
‘We are positive on the outlook for the dry bulk sector for the next six months,’ Merrill Lynch analysts led by Paul Dewberry said in the report. ‘We see limited near-term downside as seasonal benefits from the southern hemisphere grain season and a completion of iron ore negotiations drive demand and support rates.’
The southern hemisphere grain season runs from February to June.
China’s decision to halt coal exports until April after the heaviest snowstorms in 50 years, may prompt countries such as South Korea, which relies on China for the fuel, to source it from more distant suppliers such as Australia and South Africa, Mirae’s Mr Ryu said. That will tie up bulk vessels for longer, tighten supply and push rates higher.
The re-opening by Vale of its Itaguai maritime terminal after closure for repairs ‘could provide a catalyst for a boost in dry-bulk activity out of Brazil’, Dahlman Rose & Co analysts led by Omar Nokta said in a Feb 29 report.
Itaguai, Vale’s fourth biggest iron ore export terminal, was closed following an accident on Dec 8 when a vessel hit and damaged berthing equipment. The port, in Rio de Janeiro, has the capacity to export 25 million tonnes of iron ore a year. It reopened on Feb 19.

i još ovo….

Australia Forecasts Record Commodity Sales on China
Wednesday, 05.03.2008, 12:22am (GMT)

Australia, the world’s largest shipper of coal, iron ore and wool, forecast the biggest gain in commodity exports in 29 years, driven by demand in China. Sales may rise 30 percent to a fifth straight record of A$189.1 billion ($178 billion) in the year ending June 30, 2009, the Canberra-based Australian Bureau of Agricultural and Resource Economics said today. That compares with a revised A$145.6 billion this fiscal year and is the biggest gain since 1979-1980.
Prices for the nation’s top five commodity exports, iron ore, coking and thermal coals, gold and crude oil have risen to records this year, stoking earnings at producers including BHP Billiton Ltd. Surging prices drove inflation in China and Japan to the fastest pace in about a decade, and the forecaster today said there are risks of more increases in emerging markets.
”The underlying demand from the economic growth of countries like China, India, Vietnam is probably going to continue for another two decades,” Saul Eslake, chief economist at Australia and New Zealand Banking Group Ltd., told reporters at the bureau’s Outlook 2008 conference in Canberra. ”Part of the rise in global inflation we’ve seen over the past year is directly attributable to rising prices for energy and, more recently, for food.”
China’s economy expanded 11.4 percent in 2007, the fastest in 13 years, and consumer prices gained 4.8 percent, exceeding the government’s 3 percent target. China’s demand is driving Australia’s 17th year of economic growth as companies spend a record A$57.9 billion developing mines and oil fields.
Inflation Risk
”Continued strong economic growth, industrialization and urbanization in China are putting pressure on domestic resources,” the forecaster said in its March quarter report. The commodity export forecast comes as the Reserve Bank of Australia today raised its benchmark interest rate to the highest in almost 12 years to slow the fastest inflation since 1991. Raw materials account for about 17 percent of Australia’s economy. ”The very real concern that our central bank shares with the central banks of countries like China and Vietnam is that rising prices for food and energy could become more widespread and lead to inflationary wage demands,” ANZ’s Eslake said.
Bumper Crop
Wheat production in Australia may almost double to 26 million metric tons in fiscal 2009, the bureau said, as the nation recovers from its worst drought in history. This would be only second to the record 26.1 million tons crop of 2003-2004. Farm exports will rise 18 percent to A$31.4 billion, it said.
Contract prices for iron ore in the year starting April 1 rose by as much as 71 percent. Prices for hard-coking coal may surge to a record $200 a ton from $98 a ton this contract year, a Bloomberg survey last month showed. Spot prices for thermal coal and coking coal climbed to records this year after flooding at mines in Australia and snowstorms in China.
”China is far and away the biggest underlying force” driving sales, Peter Arden, an analyst at Ord Minnett Ltd., an affiliate of JPMorgan Chase & Co., said by phone from Melbourne. “The outlook is very, very rosy.”
China’s biggest commodity companies, including Aluminum Corp. of China Ltd. have said they’re concerned BHP’s proposed takeover of rival Rio Tinto Group would concentrate supplies and wield too much pricing power. BHP and Rio are the world’s largest and third- largest mining companies.
Exports of minerals and energy are forecast to jump 33 percent to A$153.4 billion in fiscal 2009, the bureau said. Earnings from energy commodities may gain 54 percent to A$66.8 billion on increased volumes and higher prices for coal and oil.

Psihološka granica 2700 probijena… idemo do sljedeće stanice [thumbsup]

Nemam vremena listati unatrag. Da li je vec netko objavio da su ugovorena 2+2 panamaxa u Kini? Isti skver u kojem imaju isporuku ove godine. [thumbsup]

meni prvi glas ali me dva dana nije bilo, odlično