My dear friends, by looking at both uncertainties from our country and overseas.. don't you think shipping is one of the safest heavens in the current investing atmosphere?
As you can see, during last few months up down so many rounds in which a lot of investors already "washed out" by Maybulk 'operators', now mostly left are long term investors like us who target maybulk at high prices (For me, it's 2.00). So, there's not much resistance now, compared to last few months. A good chance? Think about it..
The Baltic Exchange Dry Index extended its rally, advancing 5.2% to 4,962 on Tuesday, its highest since September of 2008, supported by factors such as ongoing shipping constraints and higher demand for commodities. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, jumped 9.5% to 8,322, hitting its highest in 13 years; and the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, went up 0.2% to 4,030, its highest since July 12. Among smaller vessels, the supramax index, added 10 points at 3,373.
hope BDI can repeat the same cycle on 2003 to 2008, suddenly increase from 2000 to 6000, then hold for 1.5 year, drop to 200 again, then suddenly crazy again raise to above 10K!!!
sapurakencana now also have Beijing Winter Olympics 2022, and now both China and U.S are prepare for worst, that's why all steel, oil & coal goes up, because they are main things required during war .....
She is estimated to pocket in between 150 millions to 170 millions profit after tax for FY2021 (including non recurring gains). A buck a piece is definitely a sure thing. A buck and a half to 2 bucks is 2nd retirement pot fund. Hahaha..
Refer to BDI is not a good benchmark for maybulk. Should directly refer to BPI since 3 out of 5 vessels in maybulk are kamsarmax. Anyway, it's high, just not as high as BDI or BCI.
Buyers are very composed and doing their bidding patiently, no rush, so as not to create an unnecessary demand. So I will suggest to potential sellers to also organise (hold back, if can) an orderly sale queue so that we can manage the supply of maybulk shares available in the market. Price is a factor of supply and demand. TAYOR.
Just off Southern California’s coast is a traffic jam of colossal proportions. Dozens of ships are waiting up to weeks to offload cargo in Los Angeles and Long Beach while the ports are inundated with containers of goods needing to be taken to their final destinations.
The latest shipping headache has more than 60 ships sitting idle off of the coast of Southern California, reports the Wall Street Journal. Wait times For unloading are stretching as long as three weeks.
Businesses trying to ramp up for the upcoming holiday season are running into an annoying shipping bottleneck. Don’t expect Christmas to be cheap this year, reports CNN, as decoration prices are soaring due to shipping costs. Remember store limits on toilet paper? That’s back, too, as Costco can’t get enough paper towels and toilet paper in stock
So anyways, this is probably one of the few ways to protect ourselves against inflation. The story peddled by mainstream finnews have been supply push. But this is obviously the other side of the coin- demand pull is going to be real.
We dont wanna make money off other people's misery but we just want to protect ourselves from the crazy inflation! stay safe, keep your head on a swivel!
FBX retreated from 11,000 to 9,800 but BDI has gone up from 3,200 to 5,200... which can be translated as charter rates for container shipping adjusted for about 10% while rates for dry bulk shipping went up for 60%...
I was refering to Freightos Baltic Container Index (FBX) you may checked last Friday index published by Baltic Exchange.. Not sure if we are refering to the same index..
KML889 FBX at 9800 ??? bila ??? Last closing at 10517 pts down 3% je. Jangan mislead le. 03/10/2021 2:48 PM
Many online gurus have shifted their trading to other sectors which i personally think is super good for big profit shipping companies like maybulk, just buy and hold for at least one or two quarters and Maybulk may surprised you like what Harbour did..
@Sharonchong China and India are experiencing an acute shortage of burning coal currently. There will definitely be high demand for Panamax bulk carriers. The shortage will be there for at least the next 6 months.
i am new pls guide. Brought at 0.715 and hold few months already. Seeing toughing 0.78 and back to 0.68 ... If its not worth holding then will sell it out. Thank you
if coal shortage simply because of freight shortage like early this year understandable, but the coal shortage is caused from the limited output, i dont see how shipping comoany woyld benefit from it
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Posted by sharonchong > 2021-09-29 09:38 | Report Abuse
My dear friends, by looking at both uncertainties from our country and overseas.. don't you think shipping is one of the safest heavens in the current investing atmosphere?