Posts by jasko

  • DRY BULK

    BCI 5 T/C routes 180000 13624 447

    BPI 5 T/C routes 82500 14112 394

    BSI 10 T/C routes 58328 12888 -54

    BHSI 7 T/C routes 38200 13397 -16

    BDI INDEX 1355 +28

    Freight futures am update

    Capesize up ~3%

    Panamax up ~2%

  • DRY BULK

    • The Baltic Exchange Dry Index (BDI) remained low in the fourth quarter due to congestion easing and weak demand in China.
    • The IMF forecasts the global economy to grow by 2.7% in 2023 and by 3.2% in 2024, following a downward revision. In its worst-case scenario, the IMF forecasts GDP to grow by as little as 1.2% and 1.6% in 2023 and 2024, respectively.
    • China’s economy is forecast to grow by 4.4% in 2023 and by 4.5% in 2024. However, downward risks remain, such as future COVID measures, continued uncertainty surrounding the resolution of the country’s property crisis, and the impact of a global economic slowdown on its export-oriented economy.
    • In 2023, iron ore and coal demand should stagnate, while grain supply should remain subdued. Growth in minor bulks should weaken as global economic growth stalls. 2024 could be a more favourable year for dry bulk demand as economic conditions improve.
    • The bulk carrier fleet is forecast to grow by 2.1% in 2023 and by 1.8% in 2024. A pick-up in demolition of older tonnage is expected in 2023 and capacity supply may be further reduced by 2-3% by the introduction of EEXI and CII.
    • We expect sluggish growth in cargo demand of 0-1% in 2023 and higher growth in the 2-3% range in 2024. Capacity supply is forecast to reduce by 0-1% and grow by 1.8% in respectively 2023 and 2024. As such, we expect a slight tightening of the supply/demand balance in both years. Dry Bulk Market: Slight improvement in supply/demand balance despite weakness in China | Hellenic Shipping News Worldwide

  • DRY BULK

    Limited Ship Supply Growth Driven By New IMO Regulations To Help Shipping Freight Market Recover In Mid And Long Term.

    In its latest analysis, S&P Global Market Intelligence, argues that a lack of newbuildings will limit tonnage supply during 2023, thus offering significant support in the freight rate market.

    Key highlights from the analysis include:

    • While freight rates are expected to return to the pre-pandemic level in 2023, limited active supply growth driven by regulations (demolitions and speed) will likely help the market to recover in 2024 onwards, according to S&P Global Market Intelligence.

    …

    • The Efficiency Existing Ship Index (EEXI) is a design requirement for existing ships. Many vessels will go for Engine Power Limitation (EPL), and maximum and operating speed are expected to be reduced.

    • The Carbon Intensity Indicator (CII) regulation, which will be assessed yearly with stricter emission limits, will start to reduce sailing speed from 2024 and the impact may become significant in scrap activities from 2025 onwards with favorable age profile.

    • The CII rating issue would incentivize higher demurrage to reduce idling time and prevent further upside risk in congestion in coming years. While a significant drop in freight rates with high bunker prices has already reduced sailing speed, EEXI-EPL will prevent potential speed recovery.

    According to Mr. Daejin Lee, Lead Shipping Analyst at S&P Global Market Intelligence: “Freight rates may return to the pre-pandemic level in 2023 with absence of congestion and weaker economic condition. However, limited active supply growth driven by regulations, which will lead to vessel demolitions and speed reduction, may help the market to recover in 2024 onwards. Since 95% of vessels in service are still using conventional fossil fuel, with IMO’s CII regulation, many vessels will end up scrapped earlier than normal historical lifespan of vessels, which will support freight market in the medium and long term.” Limited Ship Supply Growth Driven By New IMO Regulations To Help Shipping Freight Market Recover In Mid And Long Term | Hellenic Shipping News Worldwide

  • ULPL (Alpha Adriatic d.d.)

    Rast se nastavlja ................. ;)                                                                                                                                                                                                                                                                                                                                                                  

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  • ULPL (Alpha Adriatic d.d.)

    “The MR market has seen a not-so-subtle turnaround over the past 2 weeks with the Baltic’s Atlantic MR “basket” of TCE earnings in fact doubling, from already high levels. The TCE level is approaching $70,000/day, up from $33,000 on Nov 10th.”

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  • Porez na ekstraprofit i utjecaj na tržište kapitala

    Ovo su kandidati za plaćanje poreza na ekstraprofit

    Sudeći po dosad objavljenim financijskim izvješćima za prvih devet mjeseci ove godine na Zagrebačkoj burzi, izgledni kandidati za naplatu dodatnog poreza su Ina, Podravka, Tankerska plovidba NG, Brodogradilište Viktor Lenac, Valamar Riviera, Maistra, Arena Hospitality Group, Plava laguna, Kutjevo, Medika, Auto Hrvatska, ACI, Čakovečki mlinovi, Hrvatska poštanska banka i Zagrebačka banka. Porez na ekstraprofit se kuha: Provjerili smo kako ga se sve može umanjiti i kako bi od njega mogli profitirati radnici - tportal

  • ULPL (Alpha Adriatic d.d.)

    Clarksons Securities assesses eco MR spot numbers at $54,900 per day, up 29% over the past seven days.                                                                                                                                                                                                      MR fixing frenzy clears out prompt tankers as rates jump | TradeWinds (tradewindsnews.com)

  • Porez na ekstraprofit i utjecaj na tržište kapitala

    Quote from Paulie
    Quote from D_artagnan

    Hhm, što se mene tiče ako atpl , jdpl, ulpl svaki budu imali preko 300 mil. kn dobiti mogu ih i oporezovati ^^ spreman sam i ja platiti dodatno porez na zaradu i dividendu. Očito ekipa ovdje baš svašta piše ni ne gledajući izvješća i brojke, kao i ovi u vladi, novinama....

    Zamisli samo gdje bi bila cijena JDPL, ATPL i ULPL da ima preko 300mil. kn dobiti za 2022.

    Kriterij je 300 milijuna kuna prihoda, ne dobiti. Po tome ATPL upada u zakon, a mislim da će upast i JDPL, on je taman na rubu tog iznosa. Nije ni ULPL daleko, ali vjerojatno će ostati ispod.

    https://vlada.gov.hr/vijesti/primor…-20-posto/36371

    ULPL ne plaća porez............

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