gridflash

DryShips Inc.: A 400% Stock I Missed

You can bring up a lot of links just by googling "Port Congestion" for China or Australia.

Notes from DSX conference call...

Port congestion: Australian coal - 40 ships waiting at Newcastle, down from 70 earlier in the year. Congestion should moderate but not evaporate. Congestion only helps to point of diminishing returns.

China demand for iron ore and coal fuels freight rates, says CISA

"Scarcity of available vessels is mainly driving dry bulk rates upwards. There is heavy congestion in Australian ports where the average wait time for loading a vessel is estimated at 32 days. An analyst said that "That causes capacity to be taken out of the market." He added that as of late last week there were 66 ships waiting to be loaded at Newcastle port in mid July and there is also congestion in other Australian ports."
www.steelguru.com/sele...

According to reports, the vessels waiting for berths at Newcastle had recently risen to 70, since congestion hit the port towards 2006-end, with maintenance work on rail tracks aggravating the situation. Currently, the minimum waiting time for a vessel to get berth is reported to be 20 days at the Australian port.
www.thehindubusinessli...

Atlantic iron ore freight rates plummet on easing port congestion
www.platts.com/Metals/...