China Seen Needing More U.S. Corn to Plug Domestic Shortage
"China, the biggest corn consumer after the U.S., is still short of the feed grain, and more overseas purchases are likely.
China’s corn imports could eventually climb as high as 40 million tons this calendar year from 11 million tons in 2020, according to Meng."
BDI je pregrijan. RSI na 86. https://stockcharts.com/h-sc/ui?s=$BDI
The forward curve for the 65 vs 62 Fe iron ore spread has rallied a lot over the past 6 months, and indicates traders expect demand for higher grades to be stronger over the coming year.
Newcastle coal surges above USD 100/t on disruptions
Baltic Capesize index -3% to $19,114
Brazil/China -3% to $18,945
Bulker values rising by millions of dollars a week, analysts say https://www.tradewindsnews.com/bulkers/bulker…2-1-979084?s=09
Freight futures am update
Capesize down ~13%
Panamax down ~11%
Freight futures am update
Capesize down ~13%
Panamax down ~11%
To nam i treba da dionica napokon počne rasti......
Panamaxi i Supre su danas u lijepom plusu. Objavim kasnije.
Panamaxi i Supre su danas u lijepom plusu. Objavim kasnije.
daj neki veći postotak...da anuliramo ovaj budući pad od 10%, bode oči
Baltic Dry-indeksen - 2,1 prosent til 2.271 poeng, ifølge The Baltic Exchange.
Fallet tirsdag drives av ratenedgang innen samtlige segmenter:
Globus Maritime Limited Announces the Acquisition of a 2018-Built “Eco” Kamsarmax Dry
Bulk Carrier
Glyfada, Greece, March 23, 2021. Globus Maritime Limited (the “Company” or "Globus")
(NASDAQ: GLBS), a dry bulk shipping company, announced today that it has entered into,
through a separate wholly owned subsidiary, an agreement with an unaffiliated third party to
purchase a 2018-built “Eco” (i.e., with certain fuel efficiency design features) Kamsarmax
vessel built by the Jiangsu New Yangzi Shipbuilding yard, for $27 million. The purchase
agreement is subject to standard closing conditions and requirements. http://www.globusmaritime.gr/press/globuspr032321.pdf
Display MoreGlobus Maritime Limited Announces the Acquisition of a 2018-Built “Eco” Kamsarmax Dry
Bulk Carrier
Glyfada, Greece, March 23, 2021. Globus Maritime Limited (the “Company” or "Globus")
(NASDAQ: GLBS), a dry bulk shipping company, announced today that it has entered into,
through a separate wholly owned subsidiary, an agreement with an unaffiliated third party to
purchase a 2018-built “Eco” (i.e., with certain fuel efficiency design features) Kamsarmax
vessel built by the Jiangsu New Yangzi Shipbuilding yard, for $27 million. The purchase
agreement is subject to standard closing conditions and requirements. http://www.globusmaritime.gr/press/globuspr032321.pdf
Bulk SBI Lynx 2018 82.012 DWT 82.012 Jiangsu New YZJ 2021-sij-07 USD 22,25 Scorpio Bulkers Undisclosed interests Fitted Eco – Electronic Engine Modern
Malo za komparaciju
Za one koji nemaju pretplatu
Bulker values rising by millions of dollars a week, analysts say https://www.tradewindsnews.com/bulkers/bulker…2-1-979084?s=09
Bulker values are rising by several million dollars each week, according to analysts, due to surging time charter rates and sales concluded at ever-firmer prices.
Clarksons Platou Securities said on Monday that sale-and-purchase (S&P) transactions for capesize, panamax and ultramax bulkers had prompted it to increase its asset-value estimates.
Five-year-old capesizes are now assessed by Clarksons Research Services at $33m, up by 10% from $30m last week. Two weeks ago, they were $28m.
It estimates that 10-year-old capesizes are worth $27.3m, up by nearly 8% from $25.3m last week. They were $21.5m a fortnight ago.
Biggest NAV impact
"Other vessel classes are seeing gains as well and our net asset value [NAV] assessments for the equities in our coverage continue to increase," analysts Frode Morkedal and Omar Nokta said.
"On average our NAV assessments have risen by 11% this week, which follows the 35% increase we had discussed last week."
Based on Clarksons' revised estimates, the biggest gains in NAV this week will be for shipowners with the largest capesize exposure.
Navios Maritime Holdings shows the biggest hike among the companies within Clarksons' coverage with a 31% gain in estimated NAV, which is currently assessed at $13.50 per share.
The analysts said the huge upside is due to Navios' "substantial" financial leverage.
The Greek owner began 2021 with an implied net debt to fleet value of 99%, based on prevailing values three months ago, according to Clarksons Platou Securities' analysis.
"That ratio has since declined to 85% — this is still relatively high but further gains in asset prices, and much higher cash flow, are expected to lead that ratio to decline somewhat rapidly," the analysts noted.
Other analysis
Clarksons Platou Securities is not the only investment bank to revise its estimates of bulker asset values.
Earlier this month, Cleaves increased its assessments for the second time in four weeks.
"The positive sentiment in dry bulk shipping is seemingly relentless, in line with our long-standing view given the lowest orderbook on record and strong demand growth," Joakim Hannisdahl said in a research note on 8 March.
Cleaves boosted its bulker value estimates on 15 February after a string of S&P deals were reported at higher levels.
Hannisdahl said rising period rates could support asset prices moving 20% to 53% higher than mid-February levels.
"Given the continued strength of one-year TCs [time-charter rates], it thus comes as no surprise that the bid/ask spread for S&Ps has once again narrowed with bids approaching asks," he wrote.
"Thus, we have so far in March seen S&P activity increase at a higher level versus February transactions."
Cleaves estimates a price of $34.5m for a five-year-old capesize and $51m for a newbuilding, excluding scrubbers.
Fast-rising spot rates have stimulated increased interest in the period market, particularly in the panamax and post-panamax markets, which is now extending to capesizes too.
Navios Maritime Partners' 179,100-dwt Navios Luz (built 2010) was reported fixed on a 10 to 14-month time charter to Olam on 17 March.
The deal was secured at an index-linked rate of 101% of the capesize 5TC assessment, equivalent to $19,948 per day as of Monday.
Danas kirurgija, brodari vani
Danas kirurgija, brodari vani
Da, al kad se gleda zadnjih mjesec dana, svi su u finom plusu
Nije ni cudno nakon nekog rasta da nesto padnu, uvijek je tako
Sve veća medijska pažnja https://www.institutionalinvestor.com/article/b1r0r2…o-AcT7U.twitter
Gdje nam je migra, jel zna tko?
Sutra bi mogao pasti BDI po futuresima, zato i brodari vani danas padaju.
Sve veća medijska pažnja https://www.institutionalinvestor.com/article/b1r0r2…o-AcT7U.twitter
i ne samo to.
i trejderi vani sve više primjećuju brodare, a miču se od EV-a i commodities-a di su već odradili profit taking.
čini mi se da će ova korekcija vani danas samo biti nova prilika za kupnju koju su svi čekali.
