Posts by jasko

  • DRY BULK

    Seven out of 10 bulk carriers are ‘non-eco’ with the Energy Efficiency Existing Ship Index (EEXI) likely coming into existence in just two years’ time, something that will require urgent modifications to the existing fleet or significant scrapping. “It is therefore likely that vessel supply will be squeezed by vessels’ average speed reducing with vessels fitting Engine Power Limit devices, an increase in dry docking and, for older tonnage, an increased incentive to scrap and for owners to look at fleet renewal,” Galbraiths suggested. https://splash247.com/seven-out-of-1…ready-for-eexi/

  • DRY BULK

    Investment case: Although our dry bulk share index has risen 78% since November as investors are positioning for a post-pandemic party, we still see another 102% potential upside over the next two years amidst asset prices potentially +50%. The lowest dry bulk orderbook vs fleet on our record going back to the 1990s means that only limited demand growth is needed to push fleet utilization higher. An expected post-pandemic resurgence in coal and minor bulks during 2021E and a normalization of Brazilian iron ore exports during 2022E is more than enough to potentially catapult earnings, asset and share prices to decade-highs. Amidst this backdrop, Genco remains our top pick being the cheapest of the liquid dry bulk stocks. We reiterate our BUY recommendation and $16 target price. https://fda195ed-9571-42ec-b092-d42af79f832c.usrfiles.com/ugd/fda195_872…815920450cd.pdf

  • TPNG (tankerska plovidba next generation)

    Sve OK kolega , ali 4 broda na spotu.

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  • DRY BULK

    Na burzi treba gledati budućnost........... ATHENS, Greece, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Tongli Shipping Pte. Ltd., for one of its Panamax dry bulk vessels, the m/v Ismene. The gross charter rate is US$16,500 per day, minus a 5% commission paid to third parties, for a period until minimum October 15, 2021 up to maximum December 15, 2021. The charter is expected to commence on March 7, 2021. The m/v Ismene was chartered, as previously announced, to Phaethon International Company AG, at a gross charter rate of US$10,800 per day, minus a 5% commission paid to third parties.

  • DRY BULK

    Supramax

    Market kept the momentum from previous week. BSI raising with magnificent gain on all routes. Strong physical demand in both basins, though the feeling is toppish. Push after Chinese New Year in the Asian market seems still have some room to improve. Rates in the Atlantic reaching high USD 20k and low USD 30k, depends on origin. Supra reporting at USD 28k fixed from Cont to East Med with scrap cargo, and similar rates paid for clinker cargo from East-West Med to West Africa. Rates in the USG for TA is getting close to FH rate USD 31k-33k for Supra-Ultra. It was rumored Ultramax fixed delivery Mobile USD 42k TCT with petcoke to India. Rates in the Indian Ocean were the “winners” of the week. Supra fixing at solid USD 20k for backhaul cargo from MEG to USG.

  • DRY BULK

    A large Chinese mill sold SS400 and SAE grade coils at $690/t and $710/t fob, respectively, to South Korea and Vietnam this week. There is also demand from South America, but given the tight vessel availability, shipowners do not even offer for the freight.