DRYS, TBS, Eagle, Diana…………….[thumbsup]
Komentari i analize svjetskog tržišta brodara, nafte, čelika, ugljena……
India to slap steep duty on iron ore exports to China
The Indian steel ministry has decided to push for imposing a steep duty on iron ore exports. This view has been formed after a ministerial delegation led by steel secretary J S Sarma held wide ranging meetings with officials in the government and the steel industry in Beijing until Friday.
India imposed a small duty of Rs 300 a tonne of iron ore last year. But it was forced to partially roll back the duty after Chinese buyers raised a hue and cry over it. China buys 85 per cent of India’s exports of iron ore.
The ministry’s move, if successful, is bound to result in howls of protests from the Chinese steel industry. But the steel ministry is convinced it would be able to get away with the new duty because the Chinese industry needs Indian iron ore. The duty is necessary to discourage exports and preserve India’s natural resources to the extent possible, it has argued.
“Most countries in the world preserve their natural resources and meet their requirement through imports. The United States is doing it in the case of oil. There is a feeling we should preserve our natural resources to the extent possible,” Sarma said on Friday.
China raised the duty on metrological coke exports from 15 per cent to 25 per cent some months back. New Delhi has been trying to persuade Beijing to reduce this duty as the Indian steel industry is heavily dependent on Chinese met coke.
The steel ministry is believed to have asked for a duty of 15-20 per cent on an ad valorem basis. At present, the duty is charged on the basis of ferrous content in iron ore. There is no duty on ores low ferrous content since the finance ministry partly rolled back its decision last year.
This is what makes the steel ministry’s move to charge duty on the money value of iron ore exports very significant. It implemented, it would result in a sharp increase in the prices of Indian iron ores shipped to China.
The international prices of iron ore is rising sharply almost every week. Imposition of duty by the Indian government will add to the total price of Indian iron ore but would not seem out of place in the context of the scenario of rising prices, sources said.
During the discussion, Chinese officials requested India to enter into long-term agreement on the sale of iron ore. China buys its supplies of iron ore from Australia and Brazil on the basis of long-term contracts while most of the purchases from India are done on the spot market.
“They have proposed long-term agreements. We have not yet responded to it,” Sarma said.
New Delhi is reluctant to enter into long duration agreements because of the controversy surrounding sale of natural resources to foreign countries. Besides, the spot market offers higher returns on a rising price scenario.
A uuu,jaka nam tema [smiley]
DRYS na $67,64, BDI na 8536…
Jel cijena drysa ima veze s predviđanjem pada dobiti ili pada zbog sveopćeg stanja preko bare?
"Zar taj sektor nikoga ne zanima?kada pogledam godišnji rast GOGL malo se zapitam zašto sam ušao u DRYS na 6$,on malo gore malo dolje,dokada? "
Zanima mene isto,zaista mi nije ništa jasno.Isto sam kupio OCNF i to na 1,40 i to samo pada i nikako da okrene na gore…Koliko dugo još bude taj sektor čamio?
zna li se nešto zašto je takav brutalan pad na OCF
zna li se nešto zašto je takav brutalan pad na OCF
takodjer pratim vec duze vrijeme. [undecid] blizu je dna …0.83$ je bilo dno….u 3 mj. 2009 ,nemogu nis pronac ….
Evo vam hint:
Kako sad pak to, pada cijena dionice, a mCap raste???? [shocked]
Zna li tko rješenje?
E, ovo bi moglo biti zanimljivo..
Baltic Trading (ticker će biti BALT nakon IPO-a), novi spot igrač na bulk tržištu, u režiji ekipe iz Genco-a (GNK):
Shipping IPOs Ready to Embark
Baltic’s business model is simple: All of its ships (of which, as of yet, none are in the water) will operate on the spot the market — or have full exposure to it through the kinds of long-term charters that track moves in spot-market shipping rates.
In some ways, then, Baltic is less a company than a wagering vehicle with which investors can play the dry-bulk spot market and the volatile fluctuations that characterize short-term ocean-going dry-cargo freight rates. Genco’s management will serve as Baltic’s management and fleet administrator — with Baltic paying its parent company a fee for the privilege. Baltic does intend, however, to distribute all of its net come to shareholders via a quarterly dividend.
As for its initial fleet, Baltic will use proceeds from the offering to buy four Supramax and two Capesize vessels. It won’t take on any long-term debt to make the purchases, according to its prospectus; one of the company’s aims is to keep leverage low,
Baltic’s ships — all newbuildings — are scheduled for delivery in April, except one of the Capesizes, which will hit the water in October.
..imam i ja nešto DRYS
Shipshape Stock Picks
Airtime: Wed. Mar. 10 2010 | 10 13 00 ET
Sector picks with Omar Nokta, Dahlman Rose & Company and Richard Bernstein, Richard Bernstein Capital Management CEO.
Ja kupio nešto BALT po 13,81.. mislim da je među jeftinijim USA-listed brodarima (uz pretpostavku da im je NAV oko 14, po koliko im je išao IPO?), a GNK management je među boljima.. pa da vidimo.
..uostalom, volim miris novih dionica.. nešto kao kod novog automobila [kiss]
ja malo skromniji…gledam ovaj ocnf …nit smrdi nit mirise….