Since then the fervour were well temperate

The month of June had fed the best hopes. After the long descent to hell initiated a year earlier which had him at the edge of the level of 800 points, index of freight rates of transoceanic routes of large transport of dry food - the Capesize vessels (more than 150,000 tons displacement) - developed by the Baltic Exchange, had bounced back above 8,000 points. This level of index was abandoned early September 2008. Renouer with freight rates from before the entry in the global financial crisis the hardest phase was fed then hopes the wildest of a quick return to the historic heights in early June 2008, when this synthetic index had approached 20,000 points.

Since then, the fervour were well temperate. The indicator has started a new correction that drove below the 5,000 points, followed by of a slight rise to 6,000. However, the matter of subsidence is probably not the harbinger of further proportion decreased. It is instead of the usual seasonal breathing activity of maritime transportation of raw materials at the beginning of the period of the major summer holidays in the industry of the northern hemisphere.

The worst seems past

Several factors militate against a plunge of the size of the summer 2008. China will continue to import massive mineral resources at sale prices still relatively contained in the peaks of a year ago. In may, China imported 53.5 million tons of iron ore, higher volume of 38 on an annual basis. Imports of soybeans on the first five months jumped 27 from the first five months of last year. In June, the queues at the major ports of goods of the old empire of the Middle had climbed 87 large bulk Capesize, corresponding figure to about 10 of the world fleet of these ships.

Overwhelmed by the demand, the Australian port of Newcastle, the largest in the world for coal, just notify producers of coal in the country his decision to reduce by one million tonnes, on what remains of the third quarter, the quota of mineral fuel which can pass through its facilities. "The objective is to minimize the queues of boats," explained the spokesman, Matthew Watson. Recently, the number of ships unable to load and unload in Newcastle had climbed to a record level for eighteen months, due also to the completion of maintenance work. Sunday, they were still 46 to not be able to access these infrastructures. Despite the lowering of the quotas, the port has 92 million tons of coal in 2009.

If the worst seems to be behind the industry of maritime cargo, the drunkenness of the first half of 2008 is not nor appropriate. Arm of railway between China and the major producers of iron ore is not, at present, impact on deliveries of this essential raw materials of the steel. However, since two weeks, the Chinese sidérurgistes import less this ore, certified Saturday Jeremy Penn, Executive Director of the Baltic Exchange, interviewed by the ABC television channel. It is true that more than 90 dollars per tonne, at the highest since October 10, the cash price of this natural resource practiced today in China incentive more shopping and replenish stocks.