Posts by jasko

  • DRY BULK

    Drybulk FFA (derivatives)positive today. Cape FFA flat on front, up in Q2->Q4. Pmx and Smx FFA moving up.

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  • DRY BULK

    Belships REPORT 4TH QUARTER 2023 Market highlights
    In the fourth quarter, the Baltic Supramax Index (BSI-58) averaged USD 14 159 per day –
    significantly up from USD 10 028 per day in the preceding quarter. The Baltic Ultramax Index (BSI63) averaged USD 16 189 per day in the fourth quarter, up from USD 11 837 per day in the third
    quarter. The market peaked in December when the Supramax index reached USD 17 213 per day,
    which translated into almost USD 20 000 per day for Ultramax vessels.
    Asset values followed suit and rose gradually in the fourth quarter. By the end of the year values
    were back to about the same levels as at the start of the year. Even though long-term interest rates
    rose during 2023, they receded in the fourth quarter, and we would opine that this contributed to
    rising ship values. Ship values have continued to rise in 2024, especially for modern vessels which
    continue to be markedly higher in demand than less economical older ships.
    According to Fearnleys, preliminary estimates for Q4 2023 shipment volumes were 283 million
    tonnes, an all-time high, after the previous record of 279 million tonnes in the preceding quarter.
    The highest growth (quarter-on-quarter) was seen in iron ore (67 per cent), coal (9 per cent) and
    steel products (10.6 per cent). Minor bulks (-11 per cent), grains (-7 per cent) and fertilizers (-3 per
    cent) contributed negatively. We continue to observe a variation in growth figures of each
    commodity type from one quarter to another, however, total shipment volumes were up 1.2 per
    cent quarter on quarter, and total demand appeared robust throughout 2023.
    Port congestion, as measured by the average waiting time in port for ships to discharge, continued
    at close to the same levels as in the third quarter. However, waiting time in port for ships to load
    increased somewhat due to delays in South America caused by low inland water levels. Reduced
    capacity in the Panama Canal also reduced efficiency, causing longer sailing distances for vessel
    operating in and out of the Atlantic Ocean. This effect has continued into 2024, and further
    inefficiencies are added from vessels avoiding transits through the Red Sea and the Suez Canal. As
    we have highlighted before, changes in port congestion, voyage duration and/or vessel speeds
    affect the overall vessel efficiency in the dry bulk market on a short-term basis more than a change
    in the number of newbuildings in the orderbook.
    33 Supra/Ultramax vessels were delivered in Q4 2023, compared to 32 vessels in the previous
    quarter, according to Fearnleys. At the time of writing this report, 16 new vessels have been
    delivered in 2024, with about 160 scheduled for delivery this year. However, actual deliveries are
    likely to be slightly lower due to slippage or cancellations. Fleet growth has been around 3.5 per
    cent since May 2023. According to Fearnleys, this rate of fleet growth will be maintained through
    2024. The number of ships delivered per quarter compares to an existing fleet of Supra/Ultramax
    vessels on the water today of about 4 100 in total. The orderbook for dry bulk remains close to alltime lows at about 8 per cent.
    Relatively low newbuilding activity for dry bulk continues as the lack of conviction and alternatives
    for fuel and propulsion systems appear to restrain new orders. Higher input costs as well as full
    orderbooks and continued high demand for other vessel segments dictate the position with
    shipyards.
    Available delivery positions with reputable shipyards appear increasingly distant, with some new
    orders being reported in 2027, and even 2028. A potential lead time of four years for a bulk carrier is
    unprecedented. Belships ASA - quarter report (globenewswire.com)

  • ULPL (Alpha Adriatic d.d.)

    The southern Red Sea “is effectively closed” to product tankers, said Scorpio President Robert Bugbee on the call.

    Unlike the case of container ships, where the rerouting rate effect seems to have peaked, the effect on product tanker rates has just begun, as it takes time for longer routes to translate into less capacity available for the next round of voyage fixtures.


    Dry bulk ships finally diverting from Bab-el-Mandeb Strait
    Dry bulk carriers transiting the Bab-el-Mandeb Strait significantly outnumber crude tankers, although bulkers carrying U.S. export cargoes are no longer plying the route. Bulkers carrying U.S. grain and coal cargoes to Asia had previously diverted from the Panama Canal to the Suez route. Now they’re taking the Cape route. As US military polices Red Sea, US trade is nowhere in sight – it all diverted (substack.com)

  • ULPL (Alpha Adriatic d.d.)

    Među predstavkama koje su stigle prije početka današnjeg ročišta, bio je i imovinskopravni zahtjev za naknadom štete koji je dostavio opunomoćenik “3. maja”, odvjetnik Ivo Orlić.


    Taj trećemajski zahtjev adresiran je na tvrtku Alpha Adriatic, i to u iznosu od 4,59 milijuna eura. U uvodu ove predstavke, doduše, pojašnjeno je da su trećemajska potraživanja regulirana u postupku predstečajne nagodbe Alpha Adriatica, sklopljene krajem 2020. godine.


    U tom postupku, podsjetimo, priznata su trećemajska potraživanja u iznosu od oko 47 milijuna kuna i ista se otplaćuju prema usvojenom modelu otplate.


    Imovinskopravni zahtjev “3. maja”, kako je objašnjeno u predstavci, uvažava potraživanja koja su isplaćena do 31. prosinca prošle godine, tako da je njihov zahtjev specificiran na 4,59 milijuna eura.


    Na to je reagirao branitelj optužene Alpha Adriatic, odvjetnik Zoran Vukić, istaknuvši da je riječ o još nedospjelim potraživanjima iz predstečajne nagodbe, međutim, odvjetnik Orlić ustrajao je s ovako postavljenim zahtjevom. Trećemajci došli na riječki sud po svoje pare: Bivša Uljanik plovidba "pozajmicom" im je otela milijune - Novi list

  • ULPL (Alpha Adriatic d.d.)

    Quote from KicanCRO
    Quote from Zlatek

    Možda Alpha Adriatic kupit te udjele iz stečajne mase Uljanik brodogradilišta?

    To bi bilo najlogicnije posto imaju 55 posto vlasnistva na ta dva broda, Uljanik 5 posto i 3. Maj 40 posto. Ali, bez nekakve dokapitalizacije ili partnerstva koje vec imaju sa Dc Maritime partners ne vidim nacin da ih kupe, jednostavno trenutno nemaju taj novac. A navodno zele 1 kroz 1 vlasnistvo.

    Prodaju Verige i otkupe sve udjele.......... ;)

  • ULPL (Alpha Adriatic d.d.)

    Odluku o nužnim mjerama kriznog upravljanja u tom brodogradilištu i njihovu implementiranju do 31. siječnja je u početku godine donijela Uprava 3. maja, a prihvatili su je Nadzorni odbor i Glavna skupština. Šoljić, koji je i regionalni povjerenik Sindikata metalaca Hrvatske kazao je Hini u srijedu da se novogradnja 527 priprema za porinuće.


    Govoreći o kriznim mjerama, rekao je da je prva faza zbrinjavanja viška radnika već obavljena, očekuje se druga i treća. Radi se na unovčenju imovine, primjerice udjela u dva broda u vlasništvu Uljanik brodogradilišta u stečaju.. U 3. maju mjere kriznog upravljanja, očekuje se porinuće | 24sata