DRY BULK

    Asset values still very low relative to earnings.                                                                                                            

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    Vrijednost brodova nastavlja rast.........

    Supramax 56k dwt 10 year old 17.00 + 13,3%

                                                                                                      

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    Coal Import Restrictions Reportedly Being Lifted at Various Chinese Provinces; New Urgent Notice on Preventing Coal Mine Accidents; Increase in Unannounced Checks on Coal Mines

    • As we discussed in our client note yesterday, two new coal mine accidents and deaths occurred in China over the weekend. While extremely tragic, accidents and deaths are continuing to ensure the prioritization of safety, inspections, and restrictions over coal production growth. This remains helpful for the dry bulk market and coal import market as China's coal-derived electricity generation remains very likely to continue to far outpace domestic coal production.
    • New today, and not surprising, is that the National Mine Safety Supervision Bureau issued an urgent notice on further strengthening the prevention of accidents. While the notice included typical warnings and urged companies to learn from accidents and practice better safety controls, also noteworthy to us is that the notice reportedly requires a designation at all companies naming the first person responsible for the company's anti-accident work. Ideally, mining companies (and key executives in charge and designated responsible) will become better at ensuring that accidents do not occur.
    • Also of note is more unannounced checks on coal mining companies are already reportedly being carried out. In addition, some import restrictions are reportedly being temporarily lifted at various provinces to help ensure coal demand can be met this summer. As we discussed again in our most recent Weekly Dry Bulk Report, electricity consumption records have continued to be set in various provinces and summer has not yet even begun. Guangdong province remains only the latest province to have reported an all-time high in its daily electricity consumption, and the demand outlook for all of China remains very encouraging to us. Overall, we remain of our view that China's coal imports will find strength this summer.

    Except from Capesize, there is absolute no more latent capacity hidden in slow-steaming, according to our theoretical optimal speed indicator" In this kind of market environment the likelihood of further rate spikes is significantly increased.

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    Panamax 5TC je probio 30000, a ovo je Panamax 4TC Average....... :)                                                                         

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    Supramax Jul 21 29000                                                                                                                                              

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    Evo malo računanja;

    ako uzmemo u obzir da atpl ima 6 brodova na dugoročnom ugovoru a spominjalo se nekih 12 000 usd dnevno po brodu računica je sljedeća:

    6 x 12 000 = 72 000 usd

    4 supre x 27 600 = 110 400 usd

    2 handy x 24 000 = 48 000 usd

    dobijemo 230 400 usd / 12 brodova = 19 200 usd po brodu dnevno

    za supre i handy uze sam jučerašnji prosjek po BDI...

    BSI 10 T/C routes 58328 27264 188

    BHSI 7 T/C routes 38200 24056 7

    ....e sad ako su za ovih 6 brodova na dugoročnim ugovorima imali mogućnost korekcije onda je prosjek iznad 20 000 usd po brodu po danu....inače ATPL je do sada ugovarala brodove na spotu nešto iznad prosjeka BDI indexa....a zarada po brodu s prosječnom cijenom od 12 800 usd im je bila oko 1780 usd....pa sad nek svako dalje računa za sebe kavu dobit možemo očekivati u Q2 i Q3....