Posted by taofulou > 2020-06-16 13:23 | Report Abuse

BDI 973 now

Posted by greenland > 2020-06-16 15:48 | Report Abuse

Yes, the rates are very high now because there is a shortage of dry cargo carriers in the market.

Posted by alexsee > 2020-06-18 11:21 | Report Abuse

vroom.... vroom.. 0.5, 0.6

Posted by Diamond7 > 2020-06-18 11:28 | Report Abuse

1Q net profit 47.653 million

Posted by Hew Kiong Peng George > 2020-06-19 06:22 | Report Abuse

BDI 1246..bull

Posted by chngmenghui > 2020-06-19 09:15 | Report Abuse

BDI UP22%

Posted by chngmenghui > 2020-06-19 09:16 | Report Abuse

1527!

Posted by Hew Kiong Peng George > 2020-06-20 08:20 | Report Abuse

hurray

Posted by Nepo > 2020-06-20 08:55 | Report Abuse

I hope Cabin not come here because he always uses his article to boost up the share price and then play dirty trick by selling out..

Posted by Hew Kiong Peng George > 2020-06-22 07:24 | Report Abuse

1555

Posted by greenland > 2020-06-22 11:02 | Report Abuse

Dont worry too much about the BDI movement though it does give an indication on the rates and ultimately profitability of Maybulk. The last time the BDI hit 1500, Maybulk was trading at 0.70 in Sept 2019....
However, this round, things are different. Back in 2019, people were brazing for a slowdown. This time around, there is a shortage of Capesize bulk movers... due to surge in iron ore import to China..
Last weekend deal US and China also see the agreement to purchase more soy beans from US.. meaning more demand of bulk carriers...

Just buy and keep... there will be some corrections here and there in the BDI...fundamentally the market shortage is real...

Posted by cheahsk > 2020-06-23 08:18 | Report Abuse

Greenland, a question. Why Maybulk was making loses in 2019 when the index was going up to 2,400? You have any idea where their vessels are plying?

Posted by BlackWhite > 2020-06-23 11:33 | Report Abuse

Ship parking fee n maintenance n lesen

Posted by chngmenghui > 2020-06-24 05:59 | Report Abuse

BDI 1617

Posted by greenland > 2020-06-24 09:48 | Report Abuse

cheahsk good question. Tq. freight rates are contracted forward..eg, 2019 peak at September but for voyage 1st qtr 2020 . Therefore, in accounting, the sales will only be recognized upon completion of the service...As such it is reflected in end 2019 last qtr and 2020 first half.
Same here, the rates sold now at peak will be recognise when the voyage will be effected in the later months...

Posted by cheahsk > 2020-06-24 10:46 | Report Abuse

Tks Greenland. Did you attend the AGM two days ago? I am sure the management is aware of rates going up and the team should forecast a better revenue in the near future but I am not sure this was mentioned in the AGM to boost shareholder confidence. You think and eps of 0.06 is a fair estimate for 2020?. Another question, are their vessel sailing all over the world or just in asia.

Posted by Lam LH > 2020-06-24 12:30 | Report Abuse

nta only 36cents and without dividends ... how high you expects it will moves up?

Posted by greenland > 2020-06-24 14:04 | Report Abuse

I did not attend the AGM ... unfortunately. I usually read the minutes posted later

Posted by greenland > 2020-06-24 14:08 | Report Abuse

NTA is important but not THE most important. The trend of the industry with good management is as important..

Posted by chngmenghui > 2020-06-24 20:48 | Report Abuse

Tq.greenland

Posted by chngmenghui > 2020-06-25 05:41 | Report Abuse

BDI 1705

Posted by Simon_khoo > 2020-06-25 13:25 | Report Abuse

I factor:
1) BDI - supply & demand
2) Low fuel price

Maybulk will just cruise, no doubt.

Posted by alexsee > 2020-06-25 15:15 | Report Abuse

can break 0.45 mah??

Posted by chngmenghui > 2020-06-26 05:24 | Report Abuse

BDI 1738

Posted by greenland > 2020-06-26 08:14 | Report Abuse

Thanks for daily BDI updates chngmenghui...

Posted by chngmenghui > 2020-06-26 09:13 | Report Abuse

Welcome

Posted by valuewood11 > 2020-06-26 22:40 | Report Abuse

quick quick up

Posted by mf > 2020-06-26 22:40 | Report Abuse

Dow slides 550 points after Texas rolls back reopening amid spike in coronavirus cases

Posted by chngmenghui > 2020-06-27 05:31 | Report Abuse

BDI 1749

Posted by chngmenghui > 2020-06-30 05:42 | Report Abuse

BDI 1794

Posted by greenland > 2020-06-30 09:54 | Report Abuse

thank you for your daily updates chngmenghui...
iron ore shipments is booked thru September.. as such no other space available for other cargoes.
Its a herd effect. the soy bean shipment to China from US is expected to begin in September.
As such the demand for dry bulk space is on the up trend.

Posted by Arnold76 > 2020-06-30 21:44 | Report Abuse

Dear greenland where to get inform iron ore shipments booked thru Sept.....

Posted by chngmenghui > 2020-07-01 05:47 | Report Abuse

BDI 1799

Posted by chesslim > 2020-07-01 12:32 | Report Abuse

the maybulk up trend is comming !!

Posted by komathi80 > 2020-07-01 15:01 | Report Abuse

Really hoping for that. Good prospect but nobody wants to goreng I guess

Posted by xjteh > 2020-07-01 15:02 | Report Abuse

agree with that. based on the wave count, maybulk almost completed wave-2 retracement. It is about to start the wave-3 up trend. Hold on. Short ternmTP: 0.50-0.61, mid term TP: 0.775

Posted by chngmenghui > 2020-07-02 05:21 | Report Abuse

BDI 1803

Posted by Investing_Bursa > 2020-07-02 12:38 | Report Abuse

Time to reload . China stocking up iron ore and pushing dry bulk up

Posted by lee_m2020 > 2020-07-02 14:54 | Report Abuse

Very good co n best entry BUY!!!

Posted by Nepo > 2020-07-02 15:27 | Report Abuse

can buy or not...?

Posted by VenFx > 2020-07-02 15:30 | Report Abuse

Bottoming out 0.420 ?

Posted by alexsee > 2020-07-02 15:30 | Report Abuse

attacking...

Posted by lee_m2020 > 2020-07-02 15:35 | Report Abuse

buy!!! Very good Fundamental... 0.70 is possible in a week or two

Posted by winmal > 2020-07-02 16:06 | Report Abuse

breakout 0.44... next target is 0.50

Posted by lee_m2020 > 2020-07-02 16:07 | Report Abuse

Congrats!!!! HUAT CHAII!!!!!!!

Posted by lee_m2020 > 2020-07-02 16:18 | Report Abuse

Nevermind that profit taking.. but this is a bullish one!!!

Posted by alexsee > 2020-07-02 16:18 | Report Abuse

blocking 0.445 again with real/fake high volume...

Posted by winmal > 2020-07-02 16:19 | Report Abuse

today will break 0.445

Posted by winmal > 2020-07-02 16:23 | Report Abuse

today TP 0.50

Posted by lee_m2020 > 2020-07-02 19:14 | Report Abuse

0.455 powerful!!!!