poor&unemployed

BDI Signals Slack Demand for Raw Materials

BDI is very much rigged index. There are no cleared contracts, which are audited by anyone.

There is something called related party transaction, in which charter rates are manupulated by the related parties. It is like father and son chartering the vessels to each other at $100,000 /day while there are 100 odd vessels willing do the business for $5000 /day or less. BDI includes these transactions to inflate the index.

Explain to me if I am wrong!

Shipping Stocks Look Good for Extreme Value Investors

This was my post about SEA on October 12, 2008.After which SEA had lost another 50% of it's value. Is it time to unload again?
---------


SEA: Stable Returns in a Choppy Market? [View article] Investing in shipping sector is not as simple as it sounds. Most of the time people are swept with the tide and confuse it to understanding the business.

Shipping is similar to real estate - floating real estate.

Sectors include - raw materials, construction, residential, commercial, leisure, homes, apartments, rental buildings, malls, office buildings, warehouses, land, management, brokers, insurance, .... virtually every sector in real estate has a peer in the shipping.

CNBC labeled SSW’s stock movement the “Christmas indicator” due to the high percentage of consumer items that are transported by the company. _ THEY HAVE NO IDEA WHAT SO EVER ABOUT WHAT THEY ARE TALKING! MAY BE THEY HAVE NOT HEARD OF COSCO, AP MOLLER (MAERSK), HAPPAG, HAMBURG SUD, CMA-CGM, HANJIN. THESE COMPANIES CARRY/CONTROL MOST OF THE CONTAINERS IN THE WORLD.

Seaspan vessels are leased to above players on contracts like many other. Many of Seaspan vessels are on lease back deals. They purchased the old vessels from likes of Maersk and leased them back for a few years. (it is opposit of lease to purchase)

COSCO, MAERSK, HAPPAG, EVERGREEN reflect on actual container cargoes.

IMHO - SEA is a vehicle to unload shipping shares to unsuspecting investors.

Look at the bath this sector has taken in past 6 months.

Oct 12 17:31 pm |Rating: 0 0 |Report abuse |Link to Comment

Baltic Indices: Recent Declines Aren't Worrisome

People living in the homes without paying mortgages. Govenments borrowing money to prevent run on the banks. Ship owners operating the vessels without paying the mortgages.

All this and more amounts to artificial bottom or another mini bubble. Someone has to pay or it will be "MONOPOLY" money.

So far, I haven not seen vessels rotting under arrests. Crew without money or food. It makes me wonder, how long before we get their! Yes, we will get their alright. Just remember, once the plug is pulled, there is no stopping.

I expect to see BDI around 250 - 500 range in next few years if not earlier.

Shipping has two seasons - Feast or Famine

The Gurus and the Little-Known Shipping Metric

Are others like SECOR and OSG even remotely correlate to BDI? Like I have stated many times on this board, taking BDI seriously is like asking NAR on the housing sales.

Can someone explain the related party charters affecting BDI?

eg. A large charterer has a panamax on longterm charter at $50k/day. When that vessel is chartered to his related company at spot market rate of $30K / day - is that a real rate while number of other vessels are willing to do the business at $10K or less.


On Jun 15 10:48 AM bdp1ConsultingLtd wrote:

> DSX has ties to the Baltic Dry Index, but its ships are mainly hedged
> out on timecharters now so the relationship is not day to day. TBSI
> may have ever so slight relationship if its multipurpose ships find
> their way into the spot market. But the others are not impacted by
> the Baltic Dry Index.
>
> There are also a group of tanker indices published by the Baltic
> Exchange which you might investigate.
>
> Barry Parker

EU regulators are pursuing a new round of sanctions against Microsoft (MSFT), and may force the software giant to include rival browsers in its Windows software in addition to its Internet Explorer.

How many billions would they want in fines this time? EU commission is not a elected body but has more power than the EU govenment and the judiciary.

It is a good old organized crime syndicate which has robbed the world for centuries. Have they ever fined a European company? SAP may be?

How about forcing Fiat to sell GM cars?

Acting CFO of Freddie Mac (FRE) David Kellerman was found dead at his home this morning in what appears to be a suicide.

My heart goes out for the living - the family, who has to deal with it from here on! It is sad.

What drove him to suicide? How bad are the problems at Freddie?

The Baltic Dry Index Gets Moving

Auto

It is not a poorly stated sentence. It is lack of understanding. IMHO unless someone who can explain what BIFFEX stands for, should not be writing about BDI. Now go figure that! Let me know what useful information you need about shipping industry and I will try to give it if time permits.

Most if not all the publically held shipowning companies have defaulted on the mortgages. They are living on a borrowed time like any homeowner, who hasn't made a mortgage payment for six months and has received foreclosure notice from a bank. Exact date when he would be evicted is not known but one thing for sure, he will get evicted sooner than later.

This is not a negative comment. It is a made to warn the unsuspecting investors. Cheerleading should not be a oneway street, when it involves people's hard earned money. I do not have anything to sell or anything to gain. Check my other comments - they are consistant.

On Apr 14 12:40 PM auto44 wrote:

> Poorly stated sentance dosen't mean the author dosen't understand
> the subject. Expert? I guess you are one!!!!!!! How about some useful
> information then. Anyone can produce negative comments.

Why I Like TBS International

I hope you are still buying GM stock for the same reason. Developers in Miami are also fighting for their survival. How about some condos in Miami? Buy and hold for next 50 years and your grandchildren will have a place for winter vacation. You will save the economy too!



On Apr 10 10:54 PM PeteK wrote:

> We all know that in normal world economy, all these shipping companies
> are Kings & Queens of the Seven Seas.
> Most of these companies were very good and friendly to their share-holders
> in the past. They are fighting for survival right now and we should
> have patience to wait too.

The Baltic Dry Index Gets Moving

The Baltic Dry Index, an index that follows the cost for cargo and goods traveling by sea.
----------------------...

Another EXPERT giving opinion on BDI without knowing the underlying components.

God help America!

A Sign of the Times: Bulk Carriers Still Being Idled

Steven,

How can it be? BDI is up. It can't be true. The BDI is up! The BDI is up! It can't be true.....................

Those are not American ships listed on wallstreet.........
Those are not Dryship ships....................
Those are not Excel ships ...............

What proof do you have that those are real ships .........

Just kidding. Thanks for the realtycheck.

Why I Like TBS International

Greg either you are getting paid by TBS or you are a @#$%%. I would suggest you do little research on TBS and it's management going back to late 80's - early 90's and let me know what you find.

Also, learn little bit about shipping business and let me know the market value of the vessels purchased by TBS about 6 months ago.

Did I hear it right - $38 million dollar 20 year old junks are worth may be 2-3 million now?

How much money they owe to the banks??

Bernanke Desperate, Fed Out of Ammo

Bernanke is putting the most advanced theories into practice.
----------------------...
So did the Nobel prize winners of LTCM and the people who earned hundreds of millions of dollars at ML, CITI, Lehman, BoA, MS, GS name few.

Give me other people's money and see my advanced theories take it to the sky

OBAMA, Geithner, Bernanke - all are at high stake poker game funded by taxpayers. They have nothing to lose! They will get multimillion dollar speaking fees for rest of their lives, once they are finished with their poker game!

Socialism means everyone will be poor and few will be very rich. Bring out the VODKA .........................




On Mar 22 02:42 PM Karl Glazier wrote:

> This is a typical example of amateur economists (like Ron Paul) who
> have no idea how things work telling the experts what they are doing
> wrong.
> It's like laymen telling brain surgeons they are doing it all wrong.
>
>
> Bernanke is putting the most advanced theories into practice.
> With widespread overcapacity, increasing money supply will not lead
> to inflation, but to renewed economic growth.
> And the Fed is not out of ammunition, because they can create unlimited
> amounts of money, whatever is needed to get us growing again.
> Ron Paul's libertarianism (represented by Greenspan's refusal to
> regulate) is what got us into this mess.
> Unregulated markets lead to booms and busts.

Investing Strategies with the Baltic Dry Index

Mark Anthony

I know where to look up BDI without going to DRYSHIP site. When I look at DJ-30 I can find the price of each stock in the index and volume.

BDI is based on opinions of ship brokers on what the rate should be for that particular day.

It is like asking MADOFF for price of his investment fund. All the companies you have mentioned have or are on the verge of technical default on the loans. You have better odds at Las Vegas.


On Mar 10 01:58 AM Mark Anthony wrote:

> The Baltic Dry Index can be looked up at this site:
> www.dryships.com/pages...
>
> It is odd that the author mentioned BDI without giving a site to
> look up the data. It is also amiss that no dry bulker shippers are
> mentioned. As you can see, the BDI has clearly bottomed in early
> December, 2008, and is now surging back up powerfully.
>
> It is now a good time to buy dry bulk shipping stocks. Like EXM,
> EGLE, DRYS, TBSI, GNK, DSX, NM, SBLK. Read here for a discussion
> of the fundamentals:
>
> seekingalpha.com/artic...
>
>
> One portal of dry bulk shipping news is this:
> www.hellenicshippingne...

Rising Baltic Dry Index: Sign of a Commodities Bottom?

Bill

Have you read today's Lloyd's List? There is some news from DNV about the world having 10,000 ships too many.

Using BDI as a index is like using SP-500 after taking out financial, real estate and commodity company stocks.

BDI is a JOKE! Same as NAR predictions on housing

Investing Strategies with the Baltic Dry Index

The Baltic Dry Index is a daily average of prices to ship raw materials using Dry Bulk Carrier
======================...
Where can I find the daily prices to calculate the average???