Los Angeles Port Volume Slowing Down

HenryTo

Port volume stagnant on a year-over-year basis as retailers stock up less inventories:

http://www.iht.com/articles/ap/2007/10/06/business/NA-FIN-US-Los-Angeles-Port.php

rffrydr · Posted: Sun Feb 21, 2010 7:38 pm Post subject:

Jobs!

http://www.latimes.com/business/la-fi-port-jobs22-2010feb22,0,4654153.story Very Happy

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rffrydr · Posted: Fri Jul 03, 2009 10:07 pm Post subject:

The docudrama:

http://www.youtube.com/watch?v=AT9QvMRftuU
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rffrydr · Posted: Tue Jun 23, 2009 7:01 am Post subject:

Panama Canal expansion looks to take some of that 70% truck/train distribution away--SoCal, not a great entry-point for that much commerce.

http://www.latimes.com/news/nationworld/world/la-fi-panama-canal1-2009jun01,0,3618449.story
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rffrydr · Posted: Sat Nov 17, 2007 8:59 am Post subject:

Y'can't be a bear unless y'can see through this trade. Backwardization is an indicator; and here's a hint:

http://www.ft.com/cms/s/1/6754f5ee-90fa-11dc-9590-0000779fd2ac.html

Refs to that last great Baltic bull of.... 2005

http://www.marketthoughts.com/forum/baltic-dry-index-t739,highlight,baltic.html
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rffrydr · Posted: Wed Nov 07, 2007 11:09 pm Post subject:

DryShips earnings didn't sit well:

http://finance.yahoo.com/q?s=DRYS
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HenryTo · Posted: Thu Oct 11, 2007 10:12 am Post subject:

As I mentioned in our weekend commentary, the BDI is a coincident indicator, at best. That means we could be looking at continued new highs for the next few months:

http://communities.canada.com/financialpost/blogs/fpposted/archive/2007/10/11/baltic-dry-index-crests-10-000-for-first-time-to-new-record.aspx

Rubedo · Veteran Poster Joined: 16 Sep 2007 Posts: 168

Looks like it's going to take awhile to lag, because it just went up another 3.6% to another record high.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/10/11/cnchina111.xml

Yesterday, the benchmark Baltic Dry Freight Index, which tracks daily charter rates for dry bulk ships, broke through 10,000 for the first time, closing at 10,218. It is 150pc higher than a year ago and has almost doubled since June. David Bradley, head of dry freight markets at the Baltic Exchange, said: “The global economy is very strong and demand for ships is huge. With 90pc of all bulk trade carried by sea, the index is a very good indicator of the strength of the global economy”.

HenryTo · Posted: Sun Oct 07, 2007 10:51 pm Post subject:

rffrydr,

I cannot agree more. Will put a couple of charts up in this weekend's commentary suggesting that global economic growth is definitely slowing down. The Baltic Dry Index is a coincident indicator, at best.

Henry

rffrydr · Posted: Sun Oct 07, 2007 1:03 pm Post subject:

If you want coal to spread around your christmas tree.

That freight index is all about grain and iron-ore going from south america to asia...to go back to us. To that extent it should be a lagging indicator.

--Or, maybe there's a silent boycott on Chinese toys this Christmas; and we're still gangbusters too. That's NOT the story in N. CAL. right now.
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Rubedo · Veteran Poster Joined: 16 Sep 2007 Posts: 168

Things may be slowing down here but not overseas. Baltic Dry Index is at a new record high.

http://uk.reuters.com/article/oilRpt/idUKL2788699120070927