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Vale: Forget The Noise And Think Long Term

Summary
  • The S11D project is a game changer for Vale.
  • BRL depreciation will have a favorable impact on both Capex and Opex.
  • 2015 will be very difficult in terms of FCF but long-term prospects are intact.
  • Focus on the fundamentals and on the underlying business and forget about the noise.
 The strongest of all warriors are these two – time and patience.L. Tolstoy

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Rio Parana Profundidades – Forecast

2015-02-06

DEPTH OF THE SHALLOW POINTS:
SANTA FE – DIAMANTE 9,58 MTS Animas
DIAMANTE – SAN MARITN 9,94 MTS Tacuani
BELLAVISTA 13,10 MTS
PASO BORGHI – BELLAVISTA 13,82 MTS Km 447
SAN MARTIN – ROSARIO 13,38 MTS Borghi
CANAL DE MUELLES (Rosario) 12,85 MTS Entre Pasos Borghi
CANAL DE MUELLES (Rosario) 12,85 MTS
ROSARIO – SAN NICOLAS 12,49 MTS Yaguarón
SAN NICOLAS – SAN PEDRO 12,09 MTS Ab. Las Hermanas / Las Hermanas
12,09 MTS Ab. Las Hermanas / Las Hermanas
SAN PEDRO – BIFURCACION 14,29 MTS Km 273,5
From Santa Fe Port 8,33 mts = 27′ 3
From Diamante Port 9,52 mts = 31′ 2
From S Lzo (Renova / Dreyfus / Noble /  Alum / T6 / Resinfor / Quebr) 11,18 mts = 36′ 8
From Mosaic Fertilizantes 11,14 mts = 36′ 6
From PASA 7,70 mts = 25′ 3
From Nidera / Transito / Pampa / Dempa 11,18 mts = 36′ 8
From  Refisan / ACA / ICI / Vicentin / San Benito 11,18 mts = 36′ 8
From Rosario (Pto. Rosario / Unidad 6 – 7) 11,18 mts = 36′ 8
From Punta Alvear 11,18 mts = 36′ 8
From General Lagos / Arroyo Seco 11,18 mts = 36′ 8
From Villa Constitucion (Acindar) 11,18 mts = 36′ 8
From Villa Constitucion (Elevador) 10,60 mts = 34′ 9
From San Nicolas (Elevador / Pto. Nuevo / Aes Alicura / Siderar) 11,18 mts = 36′ 8
From San Nicolas Port 11,18 mts = 36′ 8
From Ramallo 11,18 mts = 36′ 8
From San Pedro Port 10,09 mts = 33′ 1
DEPTH AT FOLLOWING PORTS:
IGUAZU 13,30 MTS ROSARIO 4,22 MTS
CORRIENTES 3,62 MTS V.CONSTITUCION 3,55 MTS
SANTA FE 4,40 MTS SAN NICOLAS 3,24 MTS
DIAMANTE 4,52 MTS RAMALLO 2,95 MTS
SAN LORENZO 4,60 MTS SAN PEDRO 2,32 MTS
FORECAST FOR: February 14, 2015 5 CM LESS

Harald Lone Prediction on Bulk Carrier Market 2015

“A fundamental and sustainable dry bulk market recovery is expected in the
second half of 2015 and throughout 2016, when the total dry bulk market
balance could peak at 88%, with peaks during the fourth quarter close
to 92%. Improved tonnage balance in 2015/2016 should drive up bulk rates.”
Harald Lone, Group Chairman, Newport Shipping Group Lee el resto de esta entrada