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/
Posts by jasko
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Iron ore market seen as the cornerstone of a new commodities super cycle
“In the years to come, it’s highly probable that a great many investors will look back on 2020 and wonder how they missed these signs of a new commodity bull market” https://www.breakwaveadvisors.com/insights/2021/…-of-a-lifetime-
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Webinar - Dry Bulk Shipping Market Outlook Feb 2021
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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
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Vec se puno toga iskomentiralo. Pa nije trziste neuko da ne zna da se valuacija imovine mijenja svake godine. Em imamo promjenljivi tecaj dolara em imamo promjenljive vozarine. Gubitak 4q cca 7 milja kuna stoji u izvjescu 4q. Dakle i losa po vozarinama 2020.g . se poslovno plovila u plusu od cca 24 milje kunica. Tako stoji u izvjescu Tpng. Ne vidim cemu crnjacenje i drukanje. Imamo brojke sve u izvjescu i to je ono sto sam napisao.
Realnost sada bi po meni bila cijena 40-50 kn.
Do kraja godine vjerujem u 55-60kn razine.
Meni ovo izgleda kao jaka akumulacija. Vjerujem da ce uskoro i trezor isplivati u top 10.
Ostaje pitanje zasto valuacija kad nije bajna situacija po cijenama vozarina? Otpis dobiti i placanja poreza? Prijenos za 2021? Mudrijaski nema sta.
Bilo je podosta dokovanja, time i manji prihodi te redoviti 5g servisi i ugradnje ko zna cega sve ne. I tu je potroseno poprilicno novca. Po izvjescu nekih 30-35 milja kuna. Tako da je 2020.g. prosla cak i jako dobro.
2021.g.po svemu ce vjerovatno biti puno puno bolja. Valuacija nema, ako i bude mogu samo biti plus. Nema gore navedenih troskova, kamate podosta nize i dug smanjen.
Sve OK kolega , ali 4 broda na spotu.
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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.
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Baltic Dry Index Falls 1.47% to 1,675 in London
Capesize -2.2% to $11,934
Panamax -3.3% to $17,920
Supramax 58k tons +0.64% to $20,662
Handysize +2.05% to $17,288 -
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.
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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.
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Capesize FFAs rising significantly this morning:
Apr +30% to $15,250
May +8% to $16,250
Jun +8% to $17,500 -
Ship scrapping report ..... https://shipandbunker.com/news/features/…ort-2021-week-8
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Genco Shipping & Trading plans to put most of its bulker fleet into the Atlantic basin in the next two months as it forecasts robust https://www.tradewindsnews.com/bulkers/genco-…urge/2-1-970541
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Atlantska 5 supramaxa je imala
I jos uvijek ima.
Ima ih i JDPL i ULPL
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Supras are flying
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BSI Reaches 10 Year High https://ctmmc.medium.com/supramax-spot-…gh-bcaf2d2de966
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A strong US grains export season has continued into 2021 leading to tonnage tightness in the Atlantic. That has resulted in 10-year highs for handysizes and supramaxes
Minor bulk demand growth is pegged at 4.8% this year compared with fleet growth of 1.8%, Pacific Basin highlights, while the dynamics are even more compelling for next year https://lloydslist.maritimeintelligence.informa.com/LL1135915/Paci…ed-to-US-grains
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Freight futures am update Capesize up ~6%
Panamax flat -
Baltic Dry Index Falls 0.53% to 1,700 in London
Capesize -0.91% to $12,203 Mar FFA +7% to $11,550 Apr +5% to $14,500
Panamax -3.22% to $18,532
Supramax 58k tons +2.41% to $20,530
Handysize +3.61% to $16,941