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Freelance translator and/or interpreter, Verified site user
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English to Japanese: CHINA'S IRON ORE IMPORT REACHED 100 MILLION TONS IN JAN/MAR, MORGAN STANLEY JOINS CAPE MARKET
Source text - English 中国の鉄鉱石輸入の増加や豪州の滞船など船腹需要を増加させる要因が相次ぎ、ブラジル−アジアのフロントホール中心に用船市況は高騰局面が続いている。週半ばには未確認ながら大西洋ラウンドで用船料US$120,000 /DAYの成約が報告されるなど過去最高水準を突破した。先物指標となる期間用船も1年未満ではUS$75,000/DAYが相場となっており、現在運航されているケープサイズの現存価値を大きく上回っている。投機的な動きとの見方もあるが、中国の衰えを知らない粗鋼生産の拡大、原料の出荷、受け入れの能力不足は当分解消できないとの観測を前提にすれば、ケープサイズ船腹は不足感が強いとの見方が市場を支配している。
Translation - Japanese Factors such as China's iron ore import increase and the congestion in Australia increase the tonnage demand and the chartering market mainly front haul between Brazil/Asia has been soaring. In the middle of the week, though it was uncertain, charter rate US$120,000/day was reported in the Atlantic, it was the highest level in the history. A future market index, time chartering marked US$75,000/day under a year trade, it hugely exceeded the current capesize price. It was said to be a speculative movement, however supposing China's fearless crude steel production increase, shipment of raw materials and indissoluble its lack of receiving ability, most of the market relatives consider that capesize tonnage will be a shortfall trend.
China's iron ore import has been getting attention since the beginning of the year and the earnings at the end of March exceeded the last year. China's iron ore import amount in March Chinese Custom Office revealed on the 11th April rose 20% to 35.62 million tons. The total amount of Jan/Mar exceeded 100 million tons and moved in a higher level than the highest import amount last year. Iron ore import amount in January was 35.85 million tons (35% up from last year), February was 28.74 million (16% up). The total of the period of Jan/Mar was 400 million tons in a calendar year basis. In China, the crude steel production marked the world highest amount of 418.8 million tons mainly the major steel manufactures including Baoshan Iron $ Steel. Iron ore import amount was 326.3 million tons. The Chinese government has been advancing the reorganization of small and medium sized blast furnaces, it was thought to decline in the import amount temporary though there is no sign at the moment.
By last week, some media reported the substantial interviews of dry section by vice-presidents and executive directors in the major three shipping (NYK, MOL and "K" Line). As for the market forecast, for the reason of China's iron ore import increase, coal transport demand increase in the coast lines in India, China and Russia and a doubt over the effectiveness of the construction project among Chinese shipbuilding, it is believed that the market will not collapse by 2009-2010. Korean shipbuilding have started receiving capesize order again while the major companies such as Hyundai Heavy Industry and Daewoo Shipbuilding and Marine Engineering have made a long-term construction contract for LNG ships with Qatar, even though they receive both the ship price and the delivery, it will stay within a few ships in a year. The factor of the market disturbing along with the increase in shipbuilding' s construction ability is seen as skeptical.
As for non-shipping movement, an American securities firm, investment group, Morgan Stanley has started capesize time chartering after panamax bulker and strengthened the competitiveness in tramp ship market. Morgan Stanley in last September chartered a panamax ship [FLIPPER] (73,726 dwt, built in 1999) for a year at US$30,000/day. According to the London market, since last March the company has bought [ELEGANT STAR] (177,000 dwt, built in 2005) for six months at US$68,000/day and in the first week of April, bought [ARAMEDA] (170,269 dwt, built in 2001) for 10-12 months at US$73,000/day. It seems that Morgan's chartering business is been advanced in London. Morgan Stanley has operated tanker business such as oil but this time happened last year was the first time for them to join into the tramp market. In tramp market, second hand capesize sales and chartering contract have been traded in much higher level than the book value, therefore, the market currently easily receives fund flow and entry from other industries such as finance companies and securities mainly in overseas.
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Years of experience: 20. Registered at ProZ.com: Apr 2007.
I have been working for a shipping data company as a freelance translator for three years. I translate market trend report. I also have an experience in interpretation for a Japanese running organization in America and some others in the UK and Australia.
Keywords: shipping industry, film, children's books, music interpreter, tourism, photo industry
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