Panamax earnings approach 14-year high https://lloydslist.maritimeintelligence.informa.com/LL1135831/Pana…ch-14-year-high

Cape -9,3% / 14.224

Bdi -4.1% 1668

Cape down

Pnmx down

Supre +5%

Handy +6.7%

Pivecane vozarine sada su rezultat povecane potraznje, ali i skrepanja odnedavno, kao leading indicator-a.

Sadasnji rast rudace bi trebao dovesti do jos potraznje za skrepom, a ponajvise ipak kineski uvoz skrepa. Za jos vece vozarine u buducnosti.

Capes started morning better trading Mar up to $14k (+1400 last night's close) but worse than expected index brought in more sellers. Panamax and supramax both much weaker early sell off managed to attract more buying from grain guys.

Pmax

Mar-20000

Apr- 18000

Smax

Mar-18150

Apr- 16700

The big get bigger in public dry bulk shipping https://www.freightwaves.com/news/the-big-g…&sfmc_id=914092

1of 2 From Breakwave Advisors:

Something has changed in dry bulk, and investors better take notice – It is not that this time is different. In fact, it
is the same as it always has been in cyclical industries. Commodities, and as a result dry bulk shipping, are seeing
some of the highest capital flows and interest in years. There are numerous and debatable explanations, but cyclical
upturns start out of nowhere and, as has been the case again and again, it is only in hindsight you can identify the
reasons. However, we all make decisions in real time, and for dry bulk, to see Panamax routes at 20,000 and
Handysize (!) rates at 10-year highs in the heart of the winter, it means something has probably changed. Dry bulk
is a commoditized industry where, unlike other commodities, supply is inelastic, and if indeed demand is as strong
as it seems, freight rates can take a life of their own and break out of recent ranges.

Jedan brod je prokopao novi kanal

Croatia accedes to ship recycling convention https://www.imo.org/en/MediaCentre/Pages/WhatsNew-1583.aspx

We are extremely positive about the dry bulk markets

Ako sam ikad sumnjao da ide najspektakularniji commodity bull run u povijesti sad vise ne sumnjam...

Dovoljno je pogledati 25y graf bakra.

Kroz vrlo uskoro djeluje kao da ce probiti ATH od financijske krize 2008.

On je obicno leading indicator za jacanje realne ekonomije, a to znaci proizvodnju i promet roba.

Dry Bulk with John Kartsonas https://app.gotowebinar.com/unified/index.…115936809676814

The Big Picture: Panamax Rates

U tri dana tri obavijesti naših brodara. Jel to neki znak ? atpl https://eho.zse.hr/fileadmin/issu…15826238932.pdf jdpl https://eho.zse.hr/fileadmin/issu…bafba7a737a.pdf ulpl https://eho.zse.hr/fileadmin/issu…26541cd23c3.pdf

Quote from jasko

U tri dana tri obavijesti naših brodara. Jel to neki znak ? atpl https://eho.zse.hr/fileadmin/issu…15826238932.pdf jdpl https://eho.zse.hr/fileadmin/issu…bafba7a737a.pdf ulpl https://eho.zse.hr/fileadmin/issu…26541cd23c3.pdf

Svi su podvukli crtu u 2020. i završili restrukturiranja i refinanciranja. Bit će interesantni rezultati za 2020. ali oni za q1 ove godine bit će puno interesantniji.