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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (8969)2/29/2004 8:00:29 PM
From: mishedlo  Read Replies (1) of 110194
 
From Harmy on my board on the FOOL
Anyone still think that China is just a flash in the pan ??
At around 100k tons per load this represents 100 round trips per bulk carrier per year. Averaging around four trips per year this means twenty five new carriers to be built.
Regards
Harmy

BHP Billiton <BHP.AX><BLT.L> chief executive Chip Goodyear
has called a press conference in Beijing today, with Australian analysts predicting the announcement of a significant strategic alliance between the company and Chinese industry on the supply of iron ore. Analysts yesterday said they expected a deal comparable with that between Rio Tinto <RIO.AX><RIO.L> and Baoshan Iron & Steel <600019.SS>, which involves the purchase of at least 10 million tonnes of ore a year for 20 years.
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