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Recent recovery of the much-watched Baltic Dry Index can be summed up in three words, Navios...

Recent recovery of the much-watched Baltic Dry Index can be summed up in three words, Navios Maritime (NM) president Ted Petrone says: "China, China, China." With widespread speculation that the Chinese are just topping off their stockpiles, and with the country's ports in bedlam, few believe the rally has much more juice.
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Comments (5)
  • Herr Hansa
    , contributor
    Comments (3084) | Send Message
     
    You can watch where ships are in the world using the Vessel Tracker Google Earth plug-in:

     

    www.vesseltracker.com/...

     

    Watching over the last month, it has been easy to see much ship traffic in China, lots of ships moored in Singapore, not much of any ship movement on the west coast of the US, and decreased activity in northern Europe. The only recent visual change has been more ship activity in the Mediterranean Sea.
    17 Jun 2009, 11:26 AM Reply Like
  • User 357705
    , contributor
    Comments (564) | Send Message
     
    Good tip on the Vessel Tracker. Ships moored around SIN are mostly unmanned. Skeleton crews.
    17 Jun 2009, 11:30 AM Reply Like
  • CautiousInvestor
    , contributor
    Comments (3062) | Send Message
     
    Many of us on SA have been suggesting this for sometime; now that an insider has spoken it should resolve what is driving recent dry bulk activity.

     

    Interestingly, future freight agreement prices have been lower than spot prices, suggesting those in the business believe China's purchases will not continue indefinitiely and that they do not see anything to replace China's eventual slack.
    17 Jun 2009, 11:33 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    Herr Hansa: Can we track Chinese submarines with the plug-in?
    17 Jun 2009, 11:37 AM Reply Like
  • Herr Hansa
    , contributor
    Comments (3084) | Send Message
     
    Tracking is possible due to position reporting by the ships. While your submarine comment is amusing, it does bring up an issue of safety. One aspect of Vessel Tracker, due to increased piracy risks, is that positions are only reported near ports. I still think that is very useful, since ships going to onload or offload hauls will be near ports. The other aspect, as mentioned before, is ships moored; if they are tankers, then floating storage is possible, though if they are dry haulers, then more likely they are empty.
    17 Jun 2009, 12:04 PM Reply Like
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