Who is?

Hi. I am a shipping company director, transport academic, author, family man and all round nice guy. I have worked as shipbroker, shipowner, freight trader and bulk charterer, in senior positions, with some of the largest and most disrespected (joke) companies in the world. Ask my advice on all things shipping and you will receive my blunt and always honest answer. Hang around to learn more about chartering and ship broker salaries, chartering and ship broker jobs, chartering and shipbroker recruitment agencies, cheap freight, maritime education, chartering and ship broker qualifications, become a ship broker, tips on how to be a successful bulk shipping executive, philosophy, Zen and the art of shipbroking, and much more. Yours The Virtual Shipbroker (recently proclaimed the guru of shipbroking) Copyright © 2009-17 by Virtualshipbroker

Thursday, July 26, 2012

Baltic dry index, life and other catastrophes

Actually life is not too bad at all.

The BDI is hovering in a reasonable stable way at the 1,000 mark (give or take 10 pct each way).

I do not see to much movement in the foreseeable future. As we all know the BDI is a reflection of the supply and demand for bulk ships. On the supply side....still looks flat. Sure scrapping are up but the NB program is strong and will continue to be so for a few years yet. This over supply is more than soaking up the extra movement from our growth economies being China, India and South America.

There is lots of demand just not enuf to placate the hungry shipowners. I see that local Chinese shipowners involved in the Chinese coastal trade are now looking for 'international' options as demand levels for raw materials from inside china is soft to say the least. So we could see a massive spike of 10,000-50,000 dwt ships flooding the market in the short medium terms which isn't great if handy / handmax is 'your gig'!



++

The Olympics is about to start and readers of the blog will know that this makes me excited. I prefer to concentrate on the events but 1 day out it seems more a tabloid festival rather than a sporting event.

Who's shagging who in the village?
Who is tweeting stupid comments?
WHo is on steroids?
Who is fat and not in shape?
Which royal is having an affair?
Have you seen the Spanish uniforms (have not laughed like that for a while)

In Short - its all happening!

The elite Australian swimming team

I for one just wanna watch some contests with elite sportspeople......and I hope my country does well!

And fwiw I think London will produce the goods. Great city.......I wish i was a participant!


Monday, July 9, 2012

Shipping stuff...smooth sailing?

10 years is a long time in shipping.

Ok im going to sound like my grandfather here and tell you stories about how i used to walk 10 mile school every day and then do chores for 3 hours before being fed a bowl of murky chicken broth.

The shipping markets are about as confused and high risk as I could ever imagine.....

Think about this

China has held up the shipping industry (and in fact created a huge bubble) for over ten years now....and it seems that the current news from China is less than encouraging. Manufacturing is down, stockpiling is up and whether we like it or not they are hurting from the bad news emanating from Europe and the USA.

Europe is in disarray...the Greeks are heading back to the land, the Spanish only have their football teams to keep them sane, the British despite having the current leader of the grand tour (France) and a soon to commence Olympic bash, still cannot produce a Wimbledon Champion and the Germans are suffering from an attack of the Vettels......although the brightest prospect cannot seem to shrug off team dynamics! Even Russia is under water.....(our thoughts are with all of the above especially the British re Wimbledon)

Then theres the USA......people living in cars and the cost of a spleen operation now 100k.....

And its hot....damn hot.....too hot.....friggin hot.....so hot bears need help....

I wont eat you - just gimme your cola Slurpee, or some ice....how about a fan of some description?!


Then there's shipping

And now we have Shipowners around the world filing for bankruptcy left right and centre some with a mere 2 billion in debt .....thats small change surely....why are people panicking?

Imagine how many cities I could buy in the USA (since the housing crash) with 2 Billion dollars (say it like Dr Evil)...

Then we have shipping companies making news because they are expanding yet they have a senior management team that had previously driven similar companies to bankruptcy by taking too much risk with others peoples money....that just happened to be some of my money....

Does this all sound crazy? Yes...unusual? No....

If i had control of a shipping company right now (or a chartering company) my advice would be - no long term deals.....contracts dont seem to be worth much at the moment.

Having said that the current risky environment rewards gamblers......and shipping is full of gamblers.

Always has been....nothing new here.

I dont know about you - but i intend to keep making money....now and in the future...

I will also keep saving money for a rainy day....but i am old fashioned like that....Did i tell you about how as a young boy I was made to walk 10 mile to school?

Cheers
The Virtual Shipbroker