2 September 2011 - Goldman Sachs has trimmed its share price target on Oslo-listed dry-bulk shipping company Golden Ocean Group Ltd (OSL:GOGL) to NOK4.30 from NOK4.50, since bulk freight
rates have been rather low recently.
volume of bulk freight
increased by 7 percent in the previous year.
The dry bulk freight
rates are set to bounce back from their seven-month low by early next year, said a top official of a ship brokerage firm in Dubai.
In the bulk carrier business, demand for marine transportation is anticipated to continue to expand globally as seen in sharp increases in China's imports of iron ore, and dry bulk freight
rate will stay at high levels.
The passing of rail bulk freight
cars and rail freight is normally routed on rail, albeit slowly, to avoid transloading.
The heavy lorries indiscriminately obstruct or delay movement in countryside and town, destroying road surfaces and polluting the air, and Britain is rapidly grinding to a halt, but still they come in increasing numbers and still no attempt is made to reverse the trend and encourage bulk freight
onto the rails.
There is even a mezzanine for seasonal and bulk freight
, so that it need not be stored on canopies or on the floor.
Newcastle United honorary president Bob Young sold the company ( which specialises in bulk freight
such as council waste and carbon minerals ( to a senior management team.
Given the sharp fall in dry bulk freight
rates, the writing appears to be on the wall regarding the end of the big rally in shipping companies.
* G-Log provides the Transportation Management System (TMS) infrastructure supporting the process of planning and managing all freight, particularly expedited bulk freight
delivered in a multi-client environment.
Proposals in the strategy also include lengthening some trains to 750 metres, each capable of carrying up to 3,500 tonnes of bulk freight
per journey which would equate to taking 60 fully-laden lorries off the roads.