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The biggest reason to own a shipping company stock today is the nascent economic recovery. As economies recover, trade should rebound, and that will increase the demand for international shipping. That, in turn, should lead to an increase in shipping rates, which is often measured through the Baltic Dry Index (BDI). Of course, China is [...]  After a year characterized by a global restraint on potash purchases, a leading Canadian commodities specialist says worldwide shipments of the key fertilizer ingredient are set to rise in 2010. “China needs to buy so we’ll just have to see what kind of price is negotiated.” … Potash shipments are moving again as Brazil and [...] The delivery of one out of every five containerships due for delivery during the last three months was postponed, said the Baltic and International Maritime Council, a shipping association based in Denmark. While the container shipping segment was hardest hit, one in six new ships of all kinds is being delivered at a later date [...] Early signs suggest that the global shipping downturn has hit bottom as freight rates recover to near break-even levels, but it could be years before the industry returns to pre-recession levels. … Demand and prices in container shipping collapsed last year with prices on some routes dropping to zero as shippers asked exporters to pay [...] |
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