4560+150

So sorry. Payment on 23rd September, tomorrow. 36 millions USD

Evergrande to make bond payment for 36mils next week. Crisis contained for now ???

Maersk bukan box shippers meh. Boleh la, janji Kapal dalam laut. Haha

4410+106 Guys

Huhu..Another new High. Capes added 2.474k to 56k spot rates

Ok la enough said. Naik Turun pun tak pa la janji u know what ur paying for or plan your exit plan kalo ada if things turn sour due to Black Swan emerges.

Agree. What ever goes up must eventually comes down but if the market consensus is correct, v r just at the investment cycle clock of 7 or 8 pm. Long way before the peak and down cycle which is estimated in 2023 when the book building orders start to flush the market with new build vessels.

Another possible good thing is MBC will likely to write back those assets impaired a couple of years back to reflect the current earning power of those remaining ships albeit left only Three Kamsarmax class

Well said. No thanks to their very bad investment decisions on POSH many many years then until MBC is still suffering from that RPT blunder. If not they are in a much better shape then now

For best leading estimates, you can check their operating profits of over 20 plus million ringgit at TCE of 17k plus USD.
Just do simple mathematical calculation of current TCE of about 35k USD spot rates.

Some may argue whether or not a good deal but guess you have to figure it out yourself. On one hand you can capitalize the current asset value and turnaround their balance sheet and the other hand of loose out the money making machines

Thanks Pek79 for this lengthy deliberation. Mind you if you're the arden followers of MBC update then you wouldn't have missed the story about their plan to liquidate 2 ships worth about 208 millions ringgit bound to be completed in Q3 this year.

Kalo caya then beli if not sidelined pun boleh janji jangan end up like in glove forum haters twisting the knifes left and right. What a pity.

Dapat la sikit 68 cents a piece. Risk and opportunities coexist

Will buy some more. Too deep already

By far it's the outright tailwind for All shipping business owners and operators but again what is there still missing and not fulfilling the expectations of many others.

No reason to panic once the allegedly ill Evergrande was Nationalized by PRC.

Another new High 4304+29. Spot rates at
53k, 35k, 36k and 33k for Capes, Panax, Suprax and Handx. Don't you failed on me this time, MBC.

Only sentiment is roiled

Thanks Bro. At least v know it has nothing to do with bulkers.

6 percent boy. Glove bashing pun not that as bad as MBC. Any clue anybody

How you and i wish MBC can grow that Big and Efficient with low breakeven cost across all asset classes.

Golden ocean CEO himself talks about bulkers prospect moving forward. Great insights folks

https://youtu.be/ndPlnxKAyeo

Guess MBC has secured a good price or not for their assets disposal of 2 supramax classes.

https://www.vesselfinder.com/news/21699-SFL-Announces-Sale-of-Seven-Handysize-Bulk-Carriers

Panamax and Supramax asset classes spot rate already hitting 35k and 36k USD. What else the market or the players is demanding from bulkers. Really can't figure it out. Btw 4275+60

As Sharon pointed out, 1 buck or 2 bucks, your choice depends on your risk tolerance and risk appetite.

Yup, it's already more than four times the average TCE compared with last year.
Let's see how she fares out in 2021 and 2022 before the cycle reaches its peak.

4221+58. Impressive.

Rigorous selling is for real despite whatever analysis by who or by what. Check the numbers in front of your screen. Sometimes admit mistakes doesn't mean submissions or end of the world. Live to fight another day another ground else get buried by your own egos.

Elsewhere in the world already hit if not surpassed 52 weeks high. Ayoh-MBC

Simply unstoppable. Looking forward for her opening and closing price on Tuesday

Woohoo.....the rally continues tomorrow. Simply spectacular.

Let's make some noise

For the longest time the phenomenon of gaining dividends and loose the capital.

My oh mine. Looking forward for her opening and closing price on Monday. Look at those freight rates go, simply spectacular.

Another strong closing for All assets classes.
78 cents a piece, anymore takers.

Sidetracked a little for amusement while waiting for her to set sail. Haha

75 cents a piece, any takers.

Morning pep talk pun cannot lift this heavy boat.

Meaning the market is tight with supply and the forseable higher charter rates is going to hold for longer than expected

The abovementioned Kamsarmax was sold by other shipping firm to a Chinese company

Thanks but i intention was to highlight to you that the market is having a pricy price tag for Kamsarmax asset classes which is darned good for asset revaluation or better still write back into P&L for those impairment done on the previous accounting years. That's the gist.

Crazy, 2nd hand Kamsarmax 85k dwt sold for 36mil usd.

Bagus bagus. Bleeding stops.

Bro nanti Mr Rookie mocks naik 1 percent la like yesterday. Mana ada negative. Trying to balance the lopsided overzealous predictions saja.

Still very far from goal post. Bila mau sampai.

B humble, nanti kena mock only 1 percent naik