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Maybulk and BDI again.

Tuesday, March 4, 2008

A couple of news clip yesterday.

From Bloomber news clip (
Japan's Commodities Shares Gain on Metal Prices; Refiners Fall )


  • Nippon Yusen K.K. and Mitsui O.S.K. Lines Ltd., Japan's two largest shipping lines, gained after the Baltic Dry Index, a measure of commodity shipping costs, rose to the highest in almost two months.

    Nippon Yusen jumped 3.2 percent to 993 yen, breaking a four- day losing streak, while Mitsui O.S.K. climbed 3.8 percent to 1,375 yen. The Topix Marine Transportation Index was the biggest gainer among the 33 industry groups on the benchmark.

From Reuters ( Singapore's NOL moves 17 pct more cargo in Dec-Feb )

  • SINGAPORE, March 3 (Reuters) - Singapore's Neptune Orient Lines (NEPS.SI: Quote, Profile, Research), the world's eighth-biggest container shipping firm, said it carried 17 percent more containers on its ships in the six weeks from Dec 29 to Feb 8, compared with the same period a year ago.

    The company said in a statement on Monday that its shipping arm APL carried the equivalent of 289,400 forty-foot containers on its ships in that period.

    The average revenue on each container carried by the state-controlled firm rose 17 percent to $2,989, from $2,562 in the same period a year ago. (Reporting by Daryl Loo, editing by Neil Chatterjee)

Here is the how the BDI is looking the past one month!


On the local front, there isn't any action yet on Maybulk. Last traded 4.12.



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