BIMCO: Dry Bulk Demand to Outstrip Supply in 2018

first_imgNext year promises to provide some breathing space for bulker owners as the dry bulk fleet is likely to grow at the slowest pace seen since 1999, according to BIMCO, which expects global demand to outstrip supply growth in 2018.“As the dry bulk fleet is already expected to grow at a pace that matches demand growth expected in 2019, the focus must be on improving the fundamental balance ahead of that,” BIMCO said.China’s imports, particularly of coal and iron ore, grew tremendously in 2017, and the second half of the year has been profitable for several bulk owners and operators. If 2018 delivers similar demand growth (+5 pct), the bulk industry will see profitable business for the full year.“But, be aware that 2018 may not be quite as strong as 2017, and profits may not come around until 2019, if the ongoing recovery is not handled with care,” BIMCO’s Chief Shipping Analyst Peter Sand cautions.As stressed, the level of growth in the fleet and the extent of demolition of excess capacity are key factors in the 2018 market.“Unfortunately, we see weakening demolition activity, and the bulk fleet keeps growing, which can hinder market recovery. As the nominal fleet growth in 2018 is expected around 1 pct, the focus now turns to maintaining slow steaming. If we get notably higher average ship speed the pace of recovery will slow down, if not go directly into reverse,” Sand says.“The industry has got its work cut out to avoid a prolonged dip in freight rates during the first half of 2018 as volumes seasonally decline,” he added.Market recoveryDuring the third quarter of 2017, freight rates turned profitable for all sizes of dry bulk ships. Namely, ships deployed in the spot market have been fixed at a level covering operational expenditure, and financing costs include repayment of debt.It is the first time since 2012 that it has happened at industry average level, BIMCO noted.At the start of 2017, there was only a slim improvement in the market (0.2 percentage points) as the demand growth rate (+2.2 pct) was forecasted to outstrip the fleet growth rate (+2 pct) by a small margin, data from the association shows.BIMCO now forecasts 2017 will reach a demand growth rate as high as 5 pct and a fleet growth of 3 pct, improving the fundamental market balance by two percentage points.last_img read more

Joshua resumes training for Pulev

first_imgRelatedPosts Tyson Fury to Anthony Joshua: Don’t risk fighting Usyk Anthony Joshua, Okolie plot world title double Anthony Joshua wants Tyson Fury, Wilder fight British-Nigerian boxer, Anthony Olufemi Joshua, has resumed training ahead his next fight with Kubrat Pulev in first week of December.After winning back his WBA, WBO and IBF heavyweight titles in his last fight against Mexican Andy Ruiz Jr, all the talks was about him facing either Tyson Fury on Deontay Wilder next. But Pulev is the IBF’s mandatory challenger and Joshua must fight him before looking at a potential blockbuster bout against Wilder or Fury.In preparation of this, the Ogun State-born boxer has hit the gym for the must win challenge billed for December 2.Joshua was seen lifting weights and punching various sizes of bags in his private training ground in the United Kingdom.The 30-year-old fighter uploaded latest video of himself on his verified Instagram and Twitter handles.He was seen receiving lessons from his trainer, while he captioned the scene: “Round one.” It was gathered the proposed fight against Pulev was originally penciled for June 20 at the state-of-the-art Tottenham Hotspur Stadium.However, the COVID-19 pandemic led to the bout being cancelled.Joshua, who has always sold out arenas wherever he fought, is hopeful of hosting the Bulgarian at London’s 02 Arena, with fingers crossed on if spectators will be allowed in.Tags: Andy Ruiz JrAnthony JoshuaDeontay WilderKubrat Pulevlast_img read more

Vladimir Guerrero Jr. should be a star, but history tells us it might not happen right away

first_img2014: Byron Buxton, TwinsBackground: Buxton’s talent is jaw-dropping. His speed — on the base paths and in the outfield — is stunning, and when his swing is right his ability to spray line drives around the ballpark is a beautiful thing to watch. In 2013, his first full year as a professional baseball player — his Age 19 season — Buxton hit .334 with 12 homers, 18 triples and 55 stolen bases, and Baseball America jumped him from No. 10 to No. 1 on its list. A wrist injury kept him on the shelf for most of the 2014 campaign.Games 1-46: 138 PA, .209/.250/.326, .576 OPS, 2 homers, 6 RBI, 2 SBGames 47-76: 100 PA, .207/.245/.359, .604 OPS, 1 homer, 6 RBI, 4 SBGames 77-106: 111 PA, .192/.255/.293, .547 OPS, 0 homers, 10 RBI, 4 SBThoughts: The 46-game sample was his first taste of the majors, in 2015, and the next two came in 2016. Buxton’s struggles to make consistent contact in the bigs are no secret, and they’ve been a constant. We’ve seen flashes, even extended flashes, of what he’s capable of doing — from July 4 to the end of the 2017 season, Buxton hit .314 with a .912 OPS, 12 homers, five triples and 15 stolen bases. But 2018 was a lost season, with injuries and inconsistencies; he batted .156 in just 28 games. Finally in 2019, Buxton is off to a solid start to the year — AL-high 12 doubles and a 117 OPS+ in 20 games — and Twins fans are getting excited all over again. As they should. We are all excited for the arrival of Vladimir Guerrero Jr. The namesake son of Hall of Famer Vladimir Guerrero, Vladdy Jr. has spent the past couple of years embarrassing minor league pitchers. Baseball America, the most respected publication focused on minor league baseball, ranked the Blue Jays’ third-base prospect as the No. 18 prospect heading into the 2017 season — he was just 17 at the time — and then moved him to No. 3 before the 2018 season and up to the top spot heading into 2019. MORE: Watch ‘ChangeUp,’ a new MLB live whiparound show on DAZNWhy the jump? In 2017, he hit .323 with a .910 OPS in Single-A and High-A. And look at what he did in 2018. In 61 games for Double-A New Hampshire, Guerrero Jr. hit .402 — not a misprint — with 14 homers and 60 RBIs. After his promotion to Triple-A Buffalo, he batted .336 with a .978 OPS. He was only 19 years old, with all eyes watching his every move, and he never flinched.And here’s Vlad Jr. with a line-drive home run, in slo-mo …— Ryan Fagan (@ryanfagan) August 13, 2018Blue Jays fans are right to be excited. Baseball America’s track record with No. 1 prospects is pretty darn good. Hall of Famer Chipper Jones and three-time AL MVP Alex Rodriguez held the title as youngsters, and perennial All-Stars Andruw Jones, Mark Teixeira, Bryce Harper and Joe Mauer have been in that spot, too.Today, we wanted to take a look at the five most recent players to top Baseball America’s annual list of the top 100 prospects, and how the beginnings of their big-league careers played out. All five are supremely talented ballplayers, and you’ll see ebbs and flows in their early production. What’s the point? Mostly to say it’s OK to expect amazing things from Vladdy Jr., but not to panic if he goes through an adjustment period or two. Vlad Guerrero Jr. isn’t in the lineup tonight. Regular day off.He’s going through full pregame warmups. Here’s slo-mo of Vlad at third base.— Ryan Fagan (@ryanfagan) August 13, 20182018: Ronald Acuña Jr., BravesBackground: In his Age 19 season, split between high-A (28 games), Double-A (57 games) and Triple-A (54 games), Acuña hit .325 with 21 home runs, 44 stolen bases, 31 doubles, eight triples and an .896 OPS. After that showing, Baseball America put him in the top prospect spot, up from No. 67 before the 2017 season.  Games 1-30: 134 PA, .256/.321/.438, .759 OPS, 5 homers, 13 RBI, 2 SBGames 31-60: 123 PA, .272/.325/.544, .869 OPS, 7 homers, 17 RBI, 5 SBGames 61-90: 136 PA, .333/.419/.709, 1.129 OPS, 12 homers, 21 RBI, 5 SBThoughts: It did not take Acuña long to become virtually unstoppable at the big league level, and it didn’t even matter that he spent almost the entire month of June on the disabled list with a knee injury. The dynamic rookie had an eight-game stretch in August during which he produced eight homers, 15 RBIs and a .471 average. He finished with 26 homers, 16 stolen bases, a .917 OPS, a 4.1 bWAR and the NL Rookie of the Year award (along with SN’s NL Rookie of the Year award, voted on by his peers). 2017: Andrew Benintendi, Red SoxBackground: After a record-setting couple of seasons at Arkansas, the Red Sox picked Benintendi seventh overall in the 2015 MLB Draft. In two minor league seasons, the left-handed hitting outfielder posted a .392 on-base percentage and walked more than he struck out (74 walks, 63 strikeouts). Games 1-34: 118 PA, .295/.359/.476, .835 OPS, 2 homers, 14 RBI, 1 SBGames 31-60: 135 PA, .325/.385/.500, .885 OPS, 5 homers, 20 RBI, 3 SBGames 61-90: 126 PA, .231/.304/.370, .674 OPS, 4 homers, 18 RBI, 5 SBThoughts: The first segment here was extended to 34 games because Benintendi played 34 games with the Red Sox at the end of the 2016 season. As you can see, he jumped out of the gate in 2017, too, and locked down the starting left field job. Benintendi finished his rookie year with 20 homers, 20 stolen bases and a .352 on-base percentage. He finished a distant second in the AL Rookie of the Year voting to Aaron Judge, who had a monster year. 2016: Corey Seager, DodgersBackground: The younger brother of Mariners third baseman Kyle Seager was the No. 18 overall pick in the 2012 MLB Draft. He rolled through the Dodgers’ minor league system, posting an OPS of .824 or higher each season. Baseball America made him its No. 37 prospect heading into 2014 and No. 5 guy in 2015 before he ascended to the top spot in 2016. Games 1-27: 113 PA, .337/.425/.561, .986 OPS, 4 homers, 17 RBI, 2 SBGames 28-57: 129 PA, .261/.333/.400, .733 OPS, 2 homers, 14 RBI, 1 SBGames 61-90: 129 PA, .305/.357/.644, 1.001 OPS, 12 homers, 21 RBI, 0 SBThoughts: Seager’s first taste of the big leagues lasted 27 games in September 2015, and that dynamic showing is why Baseball America felt confident moving him into the top spot. As you can see, he didn’t pick up exactly where he left off to start 2016, but it didn’t take long for Seager to establish himself as one of the best rookies in the sport. And by the midway point of the season, it was clear that Seager was one of the best players, period, in the game. Seager finished that rookie season with a 5.9 bWAR, 26 homers and a 134 OPS+ and finished third in the NL MVP voting. Oh, and he was the easy choice as the NL Rookie of the Year, too (and SN’s rookie award). 2015: Kris Bryant, CubsBackground: Bryant was an 18th-round pick out of high school and a first-round pick out of San Diego State, at No. 2 overall (behind Stanford ace Mark Appel). The slugger hit .336 with a 1.078 OPS in his first partial season, after the draft, and ripped up minor league pitching in Double-A and Triple-A in his first full professional season. In 138 games, Bryant hit 43 homers, compiled 110 RBIs, hit .325 and posted a 1.098 OPS. Bumping Bryant up from the No. 8 overall prospect to No. 1 was an easy choice. The Cubs, pretty blatantly attempting to manipulate his service time, kept him in the minors to start the 2015 season — Bryant hit three homers and had 10 RBIs in seven games — and called him up on April 17.Games 1-30: 133 PA, .290/.421/.467, .888 OPS, 4 homers, 24 RBIs, 3 SBGames 31-60: 135 PA, .275/.348/.500, .848 OPS, 6 homers, 18 RBI, 2 SBGames 61-90: 127 PA, .187/.299/.374, .673 OPS, 4 homers, 17 RBI, 5 SBThoughts: Yes, there was a bit of a lull midway through his rookie yeah, but remember these 30-game sample sizes are arbitrary. Bryant had an outstanding first season, posting a 6.1 bWAR, 26 homers, 99 RBIs and a 135 OPS; he was the unanimous NL Rookie of the Year (and was voted SN’s top NL rookie by the players). Bryant was even better in his second year, earning 29 of the 30 first-place votes in the NL MVP voting. last_img read more

NBA free agency: Patrick Beverley says he’s open to signing with Bulls

first_img Kawhi Leonard free agency rumors: Lakers ‘will pursue’ star this summer NBA trade rumors: Bulls may be open to dealing almost anyone on their roster Beverley averaged 7.6 points, 5.0 rebounds and 3.8 assists in 78 games for the Clippers this season. The lockdown defender spent the first five years of his career with the Rockets before he was sent to Los Angeles as part of the Chris Paul trade in June 2017.“I feel like any team I’m on, I can help take that team to the playoffs,” Beverley said. “Just me, my attitude, what I bring defensively, my grit and grind, my ability to play make, rebound and make shots, the leader I am, I’m excited to see what door opens. If it’s a young team or older veteran team, I’m ready.“This is my first time being an unrestricted free agent, so of course I’m super excited to go through the process, to be wooed, to see the hard work and everything I’ve been through to this point be rewarded. I’m just really happy and confident and excited with how this past season went. I can’t wait to see what the future holds.” “I am Chicago. I’m from Chicago. I bleed Chicago. I really think I can help the city. I think I can save the city,” Beverley said during a recent interview. “I inspire already. And I’d be a great inspiration just walking around the city of Chicago, knowing I’m from there, knowing that someone made it out and you can go and do the same.“I’m a Chicago kid. So, of course, I’m open to playing for the Chicago Bulls if that’s a team that’s interested in me. At the same time, any decision that is made, it’s never personal. It’s always business. I have to make the right decision for me and my family.” Related News Lakers free agency rumors: Kyrie Irving ‘wants to play with’ Anthony Davis Patrick Beverley seems interested in playing for the Bulls.The 30-year-old guard will be a free agent this summer and told the Chicago Tribune he’d seriously consider signing with his hometown team. The Bulls finished 2018-19 with a 22-60 record and missed the playoffs for a second straight season. They hold the No. 7 pick in the 2019 NBA Draft, which is set for June 20, and are also looking to upgrade at point guard.“There’s a growing belief around the league” Chicago is open to trading everyone on its roster except forwards Lauri Markkanen and Wendell Carter Jr., according to an earlier report from The Athletic.last_img read more