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Seen on LloydslistCMA 2012: Bulker newbuilding values have fallen by $97bn Tuesday 20 March 2012, 16:36 Dry Cargo IF ALL dry bulk carriers ordered in 2007 and 2008 at the height of the shipping boom were contracted at today’s newbuilding prices, values would be almost $100bn lower, indicating the huge amount of value that has been lost by shipowners in this overtonnaged market. Dry bulk investments aided Sanko’s return to solvency Monday 19 March 2012, 17:31 Dry Cargo Back to Lloyd's List Asia SANKO’s investments in dry bulk ships, which helped drive it into bankruptcy, eventually became a factor in pulling the company out of receivership early. At the time of Sanko’s bankruptcy, the company had an enterprise value of ¥42.5bn ($506.8m) but priority debt of ¥52bn Falling Brazil iron ore exports to China kill capesize market Friday 23 March 2012, 16:43 Dry Cargo Back to Lloyd's List Asia BRAZIL-China iron ore trade has declined steadily since the beginning of the year, with this month marking one of the trade’s worst on record. According to fixture data provided by Clarkson Research Services, Brazilian loadings accounted for just 11% of all capesize fixtures into China so |
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