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5501-5520 of 5997
There are 3 levels to consider depends on the extent of panic selling, can look at :
(1) $1.37, Friday (4/6)'s low,
(2) $1.33, last Tuesday (1/6) or Wednesday (2/6)'s low and
(3) $1.30, strongest support on 25/5.
If these 3 levels are broken, then better stay aside and wait for the next bottom-up signal.
I am no position to forecast any... Just an loser... Only can go by my feeling.... 
So fast tear down, don't think so, may hover around next resistance $1.46 then continue again. News on contract come in just in time. Vested! 
Wonderful Breakout... teardown 1.44 soon?
COSCO's Capt. Wei and NITC's Chairman Souri honoured at Seatrade Awards
London: Capt. Wei Jia-fu, President & CEO of COSCO, received a special Lifetime Achievement Award and NITC Chairman Mohammad Souri won Personality of the Year at the 22nd Seatrade Awards held last night in the Guildhall, London.
Announcing Capt. Wei's honour was Mr Xing Liangzhong of Dalian Port Corporation Ltd, sponsor of the award, in the presence of IMO Secretary-General Efthimios Mitropoulos, Guest of Honour First Sea Lord and Chief of Naval Staff Adm. Sir Mark Stanhope and over 300 guests.
“To me, this Lifetime Achievement award is not an end to my service for our industry, instead, it is just a new beginning from where I have to work even harder to make sure that our shipping industry is safer, cleaner and more efficient,” said Capt. Wei.
Announcing Capt. Wei's honour was Mr Xing Liangzhong of Dalian Port Corporation Ltd, sponsor of the award, in the presence of IMO Secretary-General Efthimios Mitropoulos, Guest of Honour First Sea Lord and Chief of Naval Staff Adm. Sir Mark Stanhope and over 300 guests.
“To me, this Lifetime Achievement award is not an end to my service for our industry, instead, it is just a new beginning from where I have to work even harder to make sure that our shipping industry is safer, cleaner and more efficient,” said Capt. Wei.
Greek ppl are so fortunate to get help,though some relunctant to hlep. see below extraction from the new york time, an angry guy's voices..
..............In Athens, Aris Iordanidis, 25, an economics graduate working in a bookstore, resents paying high taxes to finance Greece’s bloated state sector and its employees. “They sit there for years drinking coffee and chatting on the telephone and then retire at 50 with nice fat pensions,” he said. “As for us, the way things are going we’ll have to work until we’re 70.” ,......................
P/S - does china know greek love to chat on phone and drink coffee ? LOL may be go there and sell hanphones to them can make money.
CheongCK ( Date: 21-May-2010 15:49) Posted:
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Capesize freight rates fall 11%
Capesize freight rates fell 11% last week on a lull in spot iron ore demand. Average rates for capesize freight rates fell to $44,441 per day last week 11% lower compared to the previous week. “Capesize freight rates decreased as we expected last week due to what is most likely a lull in spot iron ore and steel demand,” said Commodore Research in its weekly report. This was despite 21 vessels been fixed to carry iron ore last week, one more than the previous week. Two-thirds of the iron ore shipments were destined for China. “Going forward, declining steel and iron ore prices are still a cause for concern and we still remain cautious that dry bulk freight rates will continue to come under pressure in the immediate future,” the report said
OOCL announces Trans-Atlantic General Rate Increase
Hong Kong: OOCL is implementing the next phase of its revenue recovery programme with effect from July 1, 2010. The General Rate Increase will apply to all container types on the Atlantic trades as follows:
Westbound from Europe to USA, Canada and Mexico - US$ 400 per 20’ container - US$ 500 per 40’ container
Eastbound from USA, Canada and Mexico to Europe - US$ 320 per 20’ container - US$ 400 per 40’ container
[21/05/10]
Westbound from Europe to USA, Canada and Mexico - US$ 400 per 20’ container - US$ 500 per 40’ container
Eastbound from USA, Canada and Mexico to Europe - US$ 320 per 20’ container - US$ 400 per 40’ container
[21/05/10]