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Iron Ore Price Drop No Relief to Shipping Sector

Price drop will not increase demand from China – and not increase shipping demand.

Iron ore declined sooner than expected this year as supplies exceeded demand and prices are unlikely to recover, according to Goldman Sachs Group Inc., which said 2014 will mark the end of a so-called iron age. 753 more words

China

Seeking Alpha Predicts Bankruptcy for Frontline ( FRO)

Please see our prior articles on the shipping sector – the light at the end of the tunnel appears to be moving farther from sight. NEWL went down to a zero valuation, others are gone but the rising inventory of ships and lack of economic ( world) recovery is still working its magic against the remaining players in the sector. 137 more words

Shipping

Top After-Hours Stock Movers for Tuesday

24/7 Wall St. has tracked nine key stocks on the move in the after-hours trading session on Tuesday, August 5, 2014. There will have been other movers as well, but these were the top standout movers. 521 more words

Investing

Shipping Rates Drop as China Hydro Power Cuts Coal Need

By Bloomberg News Aug 1, 2014

Record production of hydropower from China’s Three Gorges and newer dams is displacing so much coal that rates to transport it have plunged to about record lows, roiling the shipping market. 775 more words

China