August 12, 2010 - Increase in the shipping container utilization rate in July 2010 with a strong rise in leasing rates - Increase in the shipping container utilization rate in July 2010 with a strong rise in leasing rates Shipping container rental is breaking its historical records with a utilization rate of 97.1% as of July 30, 2010, and is also showing a 20% growth in leasing rates since January 2010. After the drop in international trade in 2009 (-10%), and lower worldwide production of new shipping containers (fewer than 300,000 containers were built in 2009 while more than 3 million were produced in 2008), international freight volume has greatly increased, triggering increased demand for shipping containers since January 2010
August 12, 2010 - Fearnley’s weekly - Capesize - Summer doldrums are officially over as this segment is seeing a fast and impressive recovery - and further improvement is expected. Average daily spot earnings have almost doubled w-o-w, coming in at close to usd 30k. Fundamental pressure is back for both coal and ore, keeping miners, mills, utilities, traders as well as operators busy booking in tonnage for immediate needs.
August 12, 2010 - Investors Reload The Guns On Euro - Hedge funds surprised by the euro's recent advance once again are turning bearish on the common currency, which tumbled Wednesday against the dollar.
August 11, 2010 - Dollar Surges Versus Euro as Federal Reserve Spurs Global Slowdown Concern - The dollar surged the most in two months against the euro after the Federal Reserve yesterday said economic growth had slowed and the recovery was weaker than it had anticipated, spurring demand for safer assets.
August 11, 2010 - Dollar Weakens Against Yen, Pares Advance Versus Euro After Fed's Decision - The dollar fell against the yen and erased most of its gains versus the euro after the Federal Reserve said it will reinvest principal on its mortgage holdings into long-term Treasury securities to bolster the economy.
August 10, 2010 - European Stocks Retreat From 15-Week High; Barratt, TUI Fall - European and Asian stocks fell and U.S. index futures declined as reports added to evidence that Chinese economic growth is slowing and investors awaited the Federal Reserve’s latest policy statement.
August 7, 2010 - Dollar Index Falls a Ninth Week, Longest Since 2004, as Fed Meeting Looms - The Dollar Index dropped for a ninth week, the longest losing streak in more than five years, as economic data signaled the U.S. recovery is stalling and added to concern the world’s biggest economy may need more stimulus.
August 6, 2010 - Euro, Pound Drop Against Dollar on Europe's Industrial Production Decline - The euro and pound weakened against the dollar after German and British data showed declining industrial output and investors anticipated a report that may indicate the U.S. job market is recovering.
August 5, 2010 - European Stocks Fluctuate; Unilever Drops - European stocks climbed as a rally in auto-industry shares and Aviva Plc outweighed declines in food makers after Unilever missed sales forecasts. Asian shares advanced and U.S. index futures were little changed.
August 5, 2010 - Spanish Industry Output Climbs for Fourth Month on Recovery - Spanish industrial production rose for a fourth month in June, indicating that the export-led economic recovery gained strength in the second quarter.
August 4, 2010 - Europe Services, Manufacturing Growth Quickened in July, Lifting Recovery - Growth in Europe’s services and manufacturing industries accelerated in July, suggesting the recovery will maintain its momentum. A composite index based on a survey of euro-area purchasing managers in both industries rose to 56.7 from 56 in June, London-based Markit Economics said today. The July reading matched Markit’s earlier estimate. A reading above 50 indicates expansion.
July 31, 2010 - Euro-zone jobless rate steady, inflation picks up - The unemployment rate across the 16-nation euro zone held steady at 10% in June, where it's stood since March, European Union statistics agency Eurostat reported Friday. Eurostat estimates the number of unemployed persons in the euro zone rose by 6,000 in June to 15.77 million. Compared to June 2009, the number of unemployed was up by 788,000.
Net euro, sterling short bets hit fresh record -CFTC
Spain Loses AAA Rating at Fitch as Europe Battles Debt Crisis
Disclaimer
The contents of this presentation contain statements that may constitute “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements may include financial and other projections, as well as statements regarding future economic events, or the assumptions underlying any of the foregoing. Forward-looking information involves significant risks, assumptions, uncertainties and other factors that may cause actual future results or anticipated events to differ materially from those expressed or implied in any forward-looking statements and accordingly, should not be read as guarantees of future performance or results.
Actual results, performance or achievement could differ materially from those expressed in, or implied by, any forward-looking statements made and, accordingly, viewers should not place undue reliance on any such forward-looking statements. New factors emerge from time to time, and it is not possible for anyone to predict all of such factors and to assess in advance the impact of each such factor on any of the financial or commodity markets.
This is not investment advice and you need to review this information with your tax, legal and financial advisors before acting upon this information.