Posts by jasko

This is the core of Randy Givean's (Jefferies) potential Shipping Super Cycle thesis

BCI 5 T/C routes 180000 61309 -374

BPI 5 T/C routes 82500 36104 157

BSI 10 T/C routes 58328 36948 110

BHSI 7 T/C routes 38200 34650 164

BDI INDEX 4644 -7

Today: 61,309 -374

MTD avg 50,769

YTD avg 29,464 vs 2020 YTD 11,558

FFA '21 balance 41,783

At these levels a stand off is not an unexpected result. Tonnage is tight, time will show who has to cave in.

2020bulkers index vessels making +83K/day

Atlantska orders up to four kamsarmaxes as fleet renewal kicks off https://www.tradewindsnews.com/bulkers/atlant…off/2-1-1072723

Bulker congestion off China boosts dry bulk rates https://lloydslist.maritimeintelligence.informa.com/LL1138288/Bulk…-dry-bulk-rates

Capes dial the clock back to 2008, ships being fixed for $70,000 a day https://splash247.com/capes-dial-the…or-70000-a-day/

Coal prices touched a fresh record high of $180 per metric ton in September, amid tight supplies and strong prospects for the winter demand. Demand for coal received additional support from depleting natural gas stockpiles in Europe. The power crunch is likely to stay given that environmental policies have deterred coal companies from investing in new mines to increase supply and forecasters predict an unusually cold winter season.

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Secondhand panamaxes and kamsarmaxes sell like hot cakes https://www.tradewindsnews.com/bulkers/second…kes/2-1-1071122

Shipping rates may be rising, but they are “not super yet,”

Dry bulk shipping rates surged this year as the global economy bounced back and commodity demand recovered.

“Is it a supercycle? Well, I would say not yet, but it has the potential to become one,” said Mark Williams, managing director of Shipping Strategy, a maritime consultancy.

A so-called supercycle refers to a sustained period of high and increasing prices, typically driven by strong demand and low supply.

BreakWave

Dry bulk fleet growth: This seems to be staying tight for a while...

Source: Jefferies

BDI 4.651 svi UP

BCI 7.438

BPI 3.994

BSI 3.349

BHSI 1.916

Price is above the 8—21 period EMA’s
• RSI is above 50 (56)
• Stochastic above 50
• Price is above the daily pivot point USD 37,900
• Technically neutral yesterday the futured have traded higher on the open above the USD 38,631 resistance, this neutralises the last bear wave and warns the fractal resistance at USD 39,600 could be tested. Price is above the 8-21 period EMA’s supported by the RSI above 50, intraday P&M are aligned to the buyside.
• Upside moves above the USD 39,600 level will target the USD 40,075 high
• Elliott wave analysis has a potential upside target at USD 41,295
• Technically bullish with a potential upside target at USD 41,295 based on the Williams method of price projection in the Elliott wave cycle..........

Cape + 3,3% 61.683 + 1968

Mislim da će vrijednosti brodova do Božića porasti za još 20 posto, kaže izvršni direktor Lars Christian Skarsgård iz Belships (za Finansavisen)

China cape + 14,4% $70.353

Bulkers in Demand as Freight Rates Go From Strength to Strength

Demand for dry bulk second hand carriers has seen a marked increase over the course of the past week, with many deals being reported. On the back of strong interest from buyers, asset prices made further gains last week. The current buying frenzy is expected to follow through over the next couple of weeks, while possibly even intensifying. https://www.hellenicshippingnews.com/bulkers-in-dem…th-to-strength/

Quote from NaBiduAsku

fora mi je ovaj pad iz 2009.. s 11 000 na manje od 1000

BDI je 21. Svibnja 2008. godine dosegao
najvišu vrijednost od njegova uvođenja ( 11.793 boda) , a već za manje od pola godine, u
prvom tjednu prosinca, njegova vrijednost smanjena je za oko 94 posto ( 663) boda.
Zastrašujuće zvuči podatak da je tada dnevni najam
capesize brodova pao s 234.000 USD na samo 7.340 USD.

Quote from jasko

THE BALTIC DRY INDEX, DECODED!
BDI gained 206% this year. Major resistance for September at 4,660 in the monthly chart with a second resistance at 5,700.                                                                                                                                                                                                                                                                                                                                                                 

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Mali podsjetnik.......Imamo veliki otpor na 4660. Probijemo li ga odosmo na 5700.

Fitch is forecasting a massive 10.6% per annum iron ore production growth from Brazil through 2025. If this proves to be accurate, it seems very clear that ton mile demand will far outpace new ship deliveries in the coming years.                                                                                                                                                                                                                                                                                                                                                                    

"Approved Valuer" means Clarksons Valuations Limited, Braemar ACM Valuations Limited, Simpson Spence & Young Valuations Services Ltd, Arrow Research Limited, Fearnleys Shipbrokers A/S (or any Affiliate of such person through which valuations are commonly issued) and any other firm or firms of independent sale and purchase shipbrokers approved in writing by the Facility Agent, acting with the authorisation of the Majority Lenders. Iznos kredita može biti do 80 % procijenjene vrijednosti broda ..........