221 points Friday against an earlier history of 11

Victim of the economic slowdown spreading around the world, but its own abuse that led him to take command of an impressive also new vessels to enter service by 2013, the global maritime transportation of goods is poised to wipe a very big blow to tobacco. Since a few weeks in effect, number of indicators fall alarmingly. In the dry bulk, i.e. ore iron, coal and grain transport by ships bulk carriers, the Baltic Dry Index collapses for four months. Established on an average of the prices charged by the shipowners to 24 global transportation routes of bulk, this index stood at 2.221 points Friday against an earlier history of 11.793 points on May 20. In the space of four months, the Baltic Dry Index has thus divided by four, falling to 2005 levels. That is to say that the income of a shipowner who leases the capacity of its bulk carrier on the spot market, him too, three-quarters fade.

Almost the only professional in the "shipping" to have foreseen this brutal reversal of situation, Philippe Louis-Dreyfus, Chairman of the family group Louis Dreyfus shipowners (EUR 1 billion in sales, 40 in the bulk), below exposes the deep reasons for this move of tobacco.

Major difficulties

But the bulk is not an exception. Victim of the same chisel effect the global economic downturn coincides with the increase in the fleet , the short transport of containers also all seas rough, with, according to maritime brokers Barry Rogliano Salles, 1.410 container to deliver worldwide by 2013, ships is one-third of the fleet currently in service. "The convoy of a container of 40 feet between Asia and Europe not to invoice already more that 350 to 400 dollars against 1,400 dollars a year while, on the axes Asia-Europe and Asia-America, there was the moment that a slowing the progression of Chinese exports and not yet a drop in exports", reflects Raymond Vidil, President of the Marseille shipowner Marfret and section regular lines of the employers ' organisation shipowners of France. He added: "A exception still stable price requested by a shipyard to build one ship, other indicators contexts: rent a container of 2,500"boxes"costing 25,000 dollars a day at the beginning of the year, 18,000 dollars today.". And since the beginning of the summer, there is a significant inflection in the price of a container of second hand.

Taking into account, on the other hand, the magnitude of the global financial crisis, shipping professionals can cope The occasion, last week in Athens, a Conference on the financing of the merchant marine, posts Polemis, Chairman of the International Chamber of shipowners, harbored his scepticism, saying: "the Greek shipowners have spent a large number of orders for the construction of new vessels in recent years and this crisis threatens their funding." Need therefore to expect a wave of cancellations of orders which is not easy to orchestrate for a shipowner, because it may lose its deposits already paid to site naval and a series of major difficulties carriers. Including more careful of them. "In the container, we were too small to try our luck in Asia, and wisely stayed in our traditional markets intra-Méditerranée and Mediterranean-Caribbean, reflects Raymond Vidil. But we risk a backlash: buffeted Asia, large global shipowners will now attempt to hunt on our land.