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.