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NOL
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sgng123
Supreme |
18-Dec-2013 16:16
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need to remove uncertainty over fed tapering issue. don keep dragging feet and come out with proper unwinding, the cloud over when to taper hurt market sentiment a lot. everyone holding out till coast clear.
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Lucky03
Elite |
17-Dec-2013 22:29
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Sounds like the ex-Thai PM Thaksin's dream when he proposed a similar plan to build a canal across Thailand which will effectively cut the country into 2 parts. An ambitious plan indeed and may have even offer a possible solution to their worsening flooding problem as the country is known to be sinking ... albeit very very slowly but surely.
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Blanchard
Master |
17-Dec-2013 22:20
Yells: "Winners cry..... Losers smile....." |
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Info: China may build its own 'Panama Canal' in Central America through Nicaragua http://www.policymic.com/articles/76757/china-may-build-their-own-panama-canal-in-central-America 
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Lucky03
Elite |
17-Dec-2013 22:09
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The 20d MA is turning upwards while the 50d MA is flattened and turning up soon. Need NOL to close above 1.065 convincingly to confirm the positive trend. MACD is turning positive too. | ||||
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Lucky03
Elite |
15-Dec-2013 22:47
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Ireland on Sunday formally exits its three-year bailout programme, becoming the first eurozone nation to do so, but authorities warned of further austerity to ensure economic recovery.
PHOTOS Shoppers walk past the Bank of Ireland in Dublin. (AFP/Peter Muhly) ENLARGECAPTION DUBLIN: Ireland on Sunday formally exits its three-year bailout programme, becoming the first eurozone nation to do so, but authorities warned of further austerity to ensure economic recovery. Dublin turned to the International Monetary Fund and European Union in November 2010 for an 85-billion-euro ($115-billion) rescue package after a banking crash and one of history's worst housing bubbles. After painful belt-tightening Ireland is now returning unaided to the international lending markets -- while eurozone strugglers Greece, Portugal and Cyprus remain locked into the bailout process. "It's an important moment for Ireland and for our people," Prime Minister Enda Kenny told the Irish Times newspaper in an interview published on Friday. "Our credibility is being restored internationally and our name is in good standing." Kenny will deliver a state of the nation-type address on Irish television later on Sunday. It is only the second time he has done so since coming to power in a general election called shortly after Ireland entered the bailout. The end of the bailout means Dublin will now have greater control over economic decision-making after three years of stringent oversight by the EU, IMF and the European Central Bank -- the so-called troika of lenders. The troika insisted on tax rises, structural reforms and the sale of state assets in exchange for the bailout, and assessed Ireland's progress every three months. Ireland has returned to growth, unemployment is falling and the banking sector has been reduced to a more appropriate scale to match the size of the economy but analysts agree the banks remain a risk. The IMF approved the 12th and last review of Ireland's progress on Friday, allowing a final $890 million payout. "The suffering isn't over" To mark the end of the bailout programme, the IMF's managing director Christine Lagarde praised Ireland's "steadfast policy implementation". But Lagarde warned of "significant economic challenges" ahead. "Unemployment is too high, public debt sustainability remains fragile, and heavy private sector debts and banks' slow progress in resolving nonperforming loans weigh on domestic demand," Christine Lagarde said in a statement. Later this week, Dublin will publish a medium-term economic strategy outlining its post-bailout policies. "This isn't the end of the road. We must continue with the same types of policies as the deficit is too high," finance minister Michael Noonan warned. As in Greece, Portugal and Cyprus, high unemployment levels are one of the major risks to economic recovery in Ireland. Irish unemployment is falling but remained at a high level of 12.8 per cent at the end of the third quarter, a drop from 13.6 per cent over three months. "It's a combination of focusing in on fixing the things that were broken in our competitiveness, offering and driving the transition into exporting sectors," jobs minister Richard Bruton told AFP. "I think it's showing that effort is delivering well but there's still a long way to go." But advocacy groups warn that the most vulnerable in society will still suffer from the austerity measures that will remain in place despite the end of the bailout. "There is a need for sensitivity. The suffering isn't over," John Dolan, chief executive of the Disability Federation of Ireland, told AFP. "Without doubt, the financial crisis years have had a devastating consequence on people and will continue to do so for a number of years to come because we're going to have further cuts in the next budget," he added. Anna Doyle, 42, and her husband Ambrose from Ashford in County Wicklow, south of Dublin, both lost their jobs in June 2011 and have been searching for work ever since. "It's been really stressful and totally demoralising," Anna told AFP. "Put the politicians in my house for a week and they'll see a different Ireland completely.They're not running down to Tesco at half past six at night for the reduced-to-clear to be reduced again so you can actually decide what you'll have for dinner." She added: "Out of all the jobs I applied for I've only ever got two replies and my husband has not received one single reply in all that time." - AFP/ec |
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sgng123
Supreme |
14-Dec-2013 13:43
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By early next year, should know whether P3 alliance is given the OK to proceed. When that happen very high chance Maesrk, MSC and CMA would returned lot of chartered ships back to owners reducing capacity and doing cost saving moves. It is similar to what happen in G6, capacity idled and adjusted to demand and supply ensuring very high load factor. When that happen, stability would return to freight rate and most likely would not see a repeat of what happen in 2011-2013 Big GRI follow by erosion rinse and repeat. Just take note bank that had high exposure to shipping loan might take a hit when the ship owners go bankrupt cos cannot find taker for charter or suffer huge loss due to very low charter rate demanded by liners. Right now market is being played by traders on tapering fear and US uncertainty on debt limit. Nothing to trade and just wait for tide to turn. Nol should returned to sustainable profitability in 3Q 14 when fleet renewal is completed. But market likely move ahead and priced ship ahead so watch out for 1Q14. | ||||
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Lucky03
Elite |
14-Dec-2013 07:51
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PUBLISHED DECEMBER 14, 2013
Ireland exits bailout but isn't out of the woods Analysts say the banking sector is only partly repaired even though the economy has made substantial progress PRINT |EMAIL THIS ARTICLE BETTER DAYS Ireland has achieved a lot since the frosty winter in 2010 when the troika officials first arrived. - PHOTO: AFP Dublin IRELAND takes a major step tomorrow when it becomes the first eurozone country to exit a financial bailout programme, but the path to full recovery is littered with challenges. In November 2010, Ireland turned to the International Monetary Fund (IMF) and the European Union (EU) for help when its economy deteriorated rapidly in the face of massive job losses and a crumbling and overstretched banking sector. Three years later, tomorrow's bailout exit will result in Ireland returning unaided to the international lending markets. In doing so, it will become the first of four bailed-out countries who use the euro to exit a rescue programme - Greece, Portugal and Cyprus remain locked into the painful process. |
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Lucky03
Elite |
14-Dec-2013 07:48
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PUBLISHED DECEMBER 13, 2013
Eurozone employment shows no change q/q in third quarter PRINT |EMAIL THIS ARTICLE Job creation was also flat in Italy and it fell in Spain, but the situation in both euro zone countries was improving since the beginning of this year, data showed - PHOTO: AP [BRUSSELS] The number of people with jobs in the eurozone was unchanged for the second consecutive quarter in the three months to September, showing the bloc's economic recovery has not yet filtered through to the labour market. But eurozone employment was shrinking more slowly than a year ago on a year-on-year basis - it contracted 0.8 per cent in the third quarter against -1.1 in the previous three months, data from the EU's Eurostat showed on Friday. The unemployment in the 9.5 trillion euro economy, ravaged by 4 years of financial and economic crisis, remains near a record high above 12 per cent and is expected to ease only gradually next year as economic growth slowly picks up. Job creation, like the uneven economic recovery, differs from country to country and from sector to sector. |
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Lucky03
Elite |
14-Dec-2013 07:13
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SCFI: Asia-to-Europe Lanes Soar in Lead Up to Dec. 15 GRI
JOC Staff | Dec 13, 2013 4:34PM EST Spot container rates from Asia to northern European and Mediterranean ports measured by the Shanghai Containerized Freight Index jumped by more than $500 each in the week of Dec. 13, only a few days before a general rate increase set for Dec. 15-16. MSC, Hapag Lloyd, Maersk and CMA CGM announced increases of between $750 and $775 per 20-foot-equivalent unit. Maritime News?Trade Lanes?Asia-Europe |
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sgng123
Supreme |
13-Dec-2013 14:43
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BDI not directly related to container shipping but it provided a future insight to global demand since it is the freight rate for transporting all raw material which would be later made into finished products
to be transported by containers to customers. It is like the GDP for shipping industry, the higher it is the better the demand picture look out for next 6 months. In the craze 2007 peak year BDI was over 10000 where china provide the boost, in 2010 BDI at 4000+ so in 2014 as long BDI can hit 4000+ then it returned to normal for shipping stocks. Currently it is the slump for shipping stocks due to overcapacity as a result of weak global demand. US congress had pass the budget deal last night, now it is left the tapering fear which traders are using it to short down market once fed start tapering stock would rebound cos no theme to keep shorting.
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Lucky03
Elite |
13-Dec-2013 01:05
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May have to watch for possible recovery next year.
Drewry's Eastbound Trans-Pacific Rate Falls Below Pre-GRI Level JOC Staff | Dec 11, 2013 2:32PM EST The Drewry benchmark rate for shipping from Hong Kong to Los Angeles fell by $100 for a third straight week, eroding not only the $250 per 40-foot-equivalent unit increase seen in mid-November, but dropping the current rate $50 below the pre-GRI level.
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Solidsnake
Member |
12-Dec-2013 23:39
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Correct me if I'm wrong... I thought BDI has no relation to container shipment? BDI is for dry bulk shipment? Hence, it's not applicable for NOL.. More applicable for Mercator...?
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ascend88
Master |
12-Dec-2013 21:45
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x 0
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Baltic Dry Index (BDI) +38 2337
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sgng123
Supreme |
12-Dec-2013 16:33
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Endurance is key to nol trading if u holding hold on steady wait for wind to change direction. Even when shipping recovering don offload too fast since ship floating shares is quite low. Strong demand for NOL shares would push price higher when 67% controlled by government would like to see their portfolio double or triple in value. | ||||
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Lucky03
Elite |
11-Dec-2013 23:23
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Indeed.
Shanghai port moves more containers in November By Lee Hong Liang from Singapore China's Shanghai port recorded higher box throughput in November over the same period last year, according to figures from Shanghai International Port (Group) Co (SIPG). The world's busiest container port registered 2.94m teu of volumes last month, up 4.3% from 2.82m teu posted in November 2012, data from SIPG showed. Last month's volumes also rose 4.6% compared to 2.81m teu recorded in October this year. In the first 11 months of this year, Shanghai port posted a total throughput of 30.92m teu, an increase of 3.9% over 29.77m teu in the previous corresponding period. Last year, Shanghai port posted an annual throughput of 32.53m teu.
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sgng123
Supreme |
11-Dec-2013 23:13
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Positive news all round but STI moving south due to tapering fear plus fund managers all out locking in profit. Had to wait till Jan 2014 before any big movement on ship price. Hope Fed reserve can taper this month, would removing the last uncertainty blocking economy growth. The US congress, Senate and Obama most likely would approve the budget so no worry. | ||||
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Lucky03
Elite |
11-Dec-2013 22:39
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Just watched CNA reporting on container shipping growth projected by Lloyd's Register and Mersk of about 6% next year. | ||||
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ascend88
Master |
11-Dec-2013 22:03
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x 0
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Baltic Dry Index (BDI) +62 2299
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sgng123
Supreme |
11-Dec-2013 14:26
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us budget deal came out and if approved would clear one of the uncertainties. hope fed reserve start tapering soon to clear way for 2014 | ||||
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Lucky03
Elite |
10-Dec-2013 23:03
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The chart has crossed the 50D MA. Positive signal with higher volume. | ||||
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