Saturday, March 12, 2016

Shipping companies

(3/14) Capesize drybulk shipping rates tank 27.5% overnight (or -$6,606) to $17,452/day. Drybulk shipping rates start 2014 on a bad note, driven by capesize rate performance : The overall Baltic Dry Index (BDI) dropped 11% overnight to 1,512. Panamax rates fell 1.5% to $12,921/day and supramax rates rose 0.2% (or $29) to $12,448/day.

Capesize rates have declined in every session so far in 2014 and just got slammed overnight, which is negative for related shippers (see below for who has what exposure).

Exposure of ships by company is as follows:
  • The companies with capesize ships include DSX, DRYS, GNK, SBLK, NMM and NM
  • Shippers that have Panamax ships are DRYS, DSX, GNK, NM, PRGN, NMM and SB
  • Shippers that have Supramax ships are EGLE
  • Shipping companies with exposure to both Capesize and Panamax ships include DRYS, DSX, NMM and NM
Description of ship type:
  • Capesize ships haul coal, iron ore and other related commodity raw materials across the ocean
  • Panamax ships mainly carry coal, grain and, to a lesser extent, minor bulks, including steel products, forest products and fertilizers
  • Supramax mainly carry dry cargo such as iron ore, cement, fertilizers, coal and food grains
Performance


change from open - finviz http://finviz.com/screener.ashx?v=211&ta=0&o=-changeopen&t=DSX,DRYS,GNK,SBLK,NMM,NM,PRGN,SB,EGLE

by average vol (3 months):

      

The Maersk Triple E class is a family of large, fuel-efficient container ships, designed as a successor to the Maersk E-class. In February and June 2011, Maersk awarded Daewoo Shipbuilding two US$1.9 billion contracts ($3.8bn total) to build twenty of the ships.  The name "Triple E" is derived from the class's three design principles: "Economy of scale, Energy efficient and Environmentally improved". These ships are expected to be not only the world's longest ships in service, but also the most efficient container ships per twenty-foot equivalent unit (TEU) of cargo.

(computer-generated image) 
The largest ship: The Maersk Triple E ships can carry 18,000 20-foot containers. With a draft of 14.5 metres (48 ft), they are too deep to cross the Panama Canal, but can transit the Suez Canal when sailing between Europe and Asia.


Tanker stocks (oil & gas transportation)
  • Frontline (NYSE:FRO)
  • Nordic American Tanker (NYSE:NAT)
  • Teekay Tankers Ltd.(NYSE:TNK)
  • Euronav (NYSE:EURN)
  • DHT Holdings (NYSE:DHT)


Global LNG Market


The Monaco-based GasLog (GLOG) is an international owner and operator of Liquefied Natural Gas ("LNG") vessels. The company owns, operates, and manages highest-quality, modern high-spec fleet of LNG carriers.

The company owns 18 modern, high-spec LNG vessels, and most of them are built at Samsung Heavy Industries (OTC:SMSHF), the world's leading LNG shipbuilder. Eight of the company's vessels are currently in the water, while further seven new vessels are expected to be delivered in the next 2 years. The company also recently bought 3 second-hand vessels, which will be delivered in 2Q14. 

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