https://sg.news.yahoo.com/first-zika-cluster-of-2017-detected-at-simon-place-nea-113735820.html
Be careful! Zika will have permanent effects on males.
Thursday, March 30, 2017
Wednesday, March 29, 2017
Tuesday, March 28, 2017
Monday, March 27, 2017
Trump is extorting money from Germany!
https://sg.news.yahoo.com/donald-trump-printed-made-300bn-132015850.html
Relationship between EU and USA will be rocky as long as Trump is the president.
Relationship between EU and USA will be rocky as long as Trump is the president.
Saturday, March 25, 2017
Baltic dry index - 1240
Today, Friday, March 24 2017, the Baltic Dry Index climbed by 44 points, reaching 1240 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
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Related Stocks: Cosco, Sembcorp Marine.
US rig count - 809
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 20 this week to 809.
A year ago, 464 rigs were active.
Houston oilfield services company Baker Hughes Inc. said Friday that 652 rigs sought oil and 155 explored for natural gas this week. Two were listed as miscellaneous.
Texas increased by eight rigs and Oklahoma added seven. New Mexico rose by three while Alaska, California, North Dakota, Pennsylvania and West Virginia gained one each.
Louisiana declined by two and Wyoming by one.
Arkansas, Colorado, Kansas, Ohio, and Utah were all unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out last May at 404.
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Related Stocks: Keppe Corp, Sembcorp Marine, Cosco.
Friday, March 24, 2017
Japan is trying to stir troubles in South China Sea.
http://en.people.cn/n3/2017/0317/c90000-9191403.html
Japan will regret this military move because it will give China the legitimate reason to send its aircraft carrier to Japan's sea.
Japan will regret this military move because it will give China the legitimate reason to send its aircraft carrier to Japan's sea.
Oxford's archives reveal Diaoyu islands belong to China.
Historical texts from Oxford's Bodleian Library show Diaoyu islands belong to China.
Japan! Please stop lying to the world anymore when China can prove that it is the real owner from its own documentations and also from Oxford's archives.
China is advancing in artificial intelligence technology.
http://en.people.cn/n3/2017/0321/c90000-9193008.html
China is focusing on AI technology because it has wide applications in quantitive finance, complementary medicine, self-driving, etc. China manages to win the AI tournament in such a short span of development denotes its rapid advancement in this industry.
China is focusing on AI technology because it has wide applications in quantitive finance, complementary medicine, self-driving, etc. China manages to win the AI tournament in such a short span of development denotes its rapid advancement in this industry.
Thursday, March 23, 2017
Poor APL! Taking the rap for Singapore.
http://www.channelnewsasia.com/news/asiapacific/prosecution-started-against-apl-vessel-captain-over-saf-armoured/3616394.html
Companies will be careful in dealing with Singapore government from now on especially when the business takes place in China territory. Businesses will get whipped on behalf of Singapore whenever the relationship is rocky between SG & China.
Companies will be careful in dealing with Singapore government from now on especially when the business takes place in China territory. Businesses will get whipped on behalf of Singapore whenever the relationship is rocky between SG & China.
USA is doing the same thing (fabricated intelligence) to North Korea now!
https://sg.finance.yahoo.com/news/u-may-accuse-n-korea-030927059.html
USA is building up a case to attack NK just like it did for Iraq.
USA is building up a case to attack NK just like it did for Iraq.
Wednesday, March 22, 2017
First Ship Lease Trust is in trouble too.
FSLT's auditor has raised financial concerns because liability has exceeded current assets by about USD$180m.
We've been warning about shipping trusts. Please read our previous posts to understand more about shipping trust.
We've been warning about shipping trusts. Please read our previous posts to understand more about shipping trust.
Triyards falls about 20% today!
Triyards is also affected by Ezra's bankruptcy. We raised this concern in our previous posting.
What could WTO do for South Korea?
https://sg.news.yahoo.com/south-korea-complains-wto-over-chinas-response-anti-033217183--business.html
SK had filed a complaint about China in WTO but could WTO do anything for SK?
WTO back-stabbed China by not granting market economy status automatically to China but China still supported WTO when USA stated it would ignore any WTO ruling.
WTO would be a useless organization if China also declared overtly that WTO had no jurisdiction. USA and China are trying to establish a cordial relationship in April 2017 when the 2 countries meet in USA. They will charter how the relationship will be for the next 50 years which will be of paramount importance for the world.
If WTO rules against China, China may retaliate by standing behind USA to ignore WTO ruling. This will definitely make WTO look bad.
SK had filed a complaint about China in WTO but could WTO do anything for SK?
WTO back-stabbed China by not granting market economy status automatically to China but China still supported WTO when USA stated it would ignore any WTO ruling.
WTO would be a useless organization if China also declared overtly that WTO had no jurisdiction. USA and China are trying to establish a cordial relationship in April 2017 when the 2 countries meet in USA. They will charter how the relationship will be for the next 50 years which will be of paramount importance for the world.
If WTO rules against China, China may retaliate by standing behind USA to ignore WTO ruling. This will definitely make WTO look bad.
Tuesday, March 21, 2017
Rickmers will have a hard time to restructure its loans.
http://www.businesstimes.com.sg/companies-markets/rickmers-has-until-april-15-to-give-bankers-a-plan
Brilliant analysts will know that the shipping industry cannot withstand economic downturns. Many shippers will renege on its long-term chartering contracts with shipping trusts during economic downturns because many shippers cannot survive the downturns and have to downsize. Shipping trusts can't do anything or sue their customers because their customers won't use shipping reits anymore if they get sued.
When shipping trusts are losing customers and ship values are declining simultaneously, banks will demand the shipping trusts to top up the difference in ship values or recall the ship loans. Therefore, it's very difficult for the shipping trusts to restructure their loans unless creditors are willing to take heavy writedowns.
Brilliant analysts will know that the shipping industry cannot withstand economic downturns. Many shippers will renege on its long-term chartering contracts with shipping trusts during economic downturns because many shippers cannot survive the downturns and have to downsize. Shipping trusts can't do anything or sue their customers because their customers won't use shipping reits anymore if they get sued.
When shipping trusts are losing customers and ship values are declining simultaneously, banks will demand the shipping trusts to top up the difference in ship values or recall the ship loans. Therefore, it's very difficult for the shipping trusts to restructure their loans unless creditors are willing to take heavy writedowns.
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