Posts by jasko

May 11, 2021 - Glyfada, Greece - Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) (NASDAQ: SHIP) announced today that it has taken delivery of the 176,387 dwt Capesize bulk carrier, built in 2013 by Mitsui Engineering & Shipbuilding Co., Ltd. in Japan, which was renamed M/V Flagship (the “Vessel”). The Vessel was subsequently financed through a leasing agreement with Cargill International SA (“Cargill” or the “Charterer”). Pursuant to the agreement, the Company has chartered back the Vessel on a bareboat basis and subsequently entered into a five-year time charter (“T/C”) with Cargill at a rate which is linked to the Baltic Capesize Index (BCI).

Financing Agreement

The bareboat financing amount of the Vessel is $20.5 million at an implied interest rate of approximately 2% all-in, fixed for five years. The Company has the option to buy back the Vessel at any time during the whole five-year leasing period, at the end of which it has a purchase obligation of $10 million subject to certain adjustments based on the market price of the Vessel.

Time Charter Agreement

Under the terms of the T/C, the Vessel will earn an index-linked rate based on BCI, while the Company has the option to convert the daily hire from index-linked to fixed for a minimum period of three months to a maximum of 12 months based on the prevailing Capesize Freight Futures Agreements (“FFA”) curve. The index-linked rate will be 102% of the BCI minus $1,325 per day. The term of the T/C matches the term of the leasing transaction and has a duration of 60 months from the delivery of the Vessel to Cargill on May 10, 2021. https://www.sec.gov/Archives/edgar…4860_ex99-1.htm

BCI timecharter 5 T/C routes 180000 32825 232

BPI timecharter 5 T/C routes 82500 25558 -135

BSI timecharter 10 T/C routes 58328 26712 219

BHSI timecharter 7 T/C routes 38200 23761 55

BDI INDEX 2881 +12

Quote from migra

nedavno smo o tome kako kontejneri svojim ATH vozarinama višestruko blagonaklono djeluju na dry bulk a jedan od aspekata je i dizanje zaposlenosti i margina brodogradilišta,koja i sama najmanje žele graditi dry bulk,posebice dok kontejneri koji su i inače profitabilniji plaćaju i imaju dodatnog motiva za extra plaćati.

posljedično SH je na dry bulku iznimno tražena roba,najtraženija od svih sektora.

svakom novogradnjom manje,onom koja će se odgoditi,bonusi na bonuse će biti izdašniji

tu je i velika prednost SH koji se čeka neusporedivo kraće od NB a ta je škola plaćena u mlrd-ama$ u prošlom bullu pa je jedan scenarij bitno izgledniji.

Ship orders in the year to date are at the highest volumes seen since 2014. A total of 526 orders of 46.4m dwt and 34.6m gt have been reported so far according to data from Clarkson Research Services.

Much of this uptick has come from the surge in boxship orders, with 218 vessels of 2.2m teu and 22.9m dwt contracted in the year so far, propelling the boxship orderbook-to-fleet ratio towards the 20% mark. There has also been notable interest in LPG carriers, with 57 orders, according to Clarksons. Meanwhile, just 88 tankers and 81 bulk carriers have been ordered https://splash247.com/volume-of-ship…een-since-2014/

Quote from jasko

Mislim da će sutra Harpex index probiti ATH.......

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Harpex Containership Index: https://harpex.harperpetersen.com/harpexVP.do

ALL-TIME RECORD HIGHS

BCI timecharter 5 T/C routes 180000 32593 959

BPI timecharter 5 T/C routes 82500 25693 -141

BSI timecharter 10 T/C routes 58328 26493 375

BHSI timecharter 7 T/C routes 38200 23706 134

bdi index 2869 +45

Društvo je zaprimilo iskaze od kojih

je samo jedan rezultirao konkretnom ponudom i to zajedničkom uvjetovanom ponudom društava

CONSTRUCTION LINE ltd. i KONČAR-ELEKTROINDUSTRIJA d.d. Navedena društva su iskazala interes

da sudjeluju u financijskom restrukturiranju kroz ulaganje u temeljni kapital, a sukladno uvjetima

navedenima u ponudi.

Sukladno navedenoj ponudi, model restrukturiranja Društva bi se u bitnome sastojao od

provođenja slijedećih radnji:

• smanjenja temeljnog kapitala Društva s iznosa od 247.193.050 kuna na iznos od

2.471.930 kuna radi pokrivanja gubitaka iz prethodnih razdoblja;

• povećanje temeljnog kapitala Društva s iznosa od 2.471.930 kuna na iznos od

najmanje 152.471.930 kuna, a najviše 412.471.930 kuna i to upisom dionica u tri

kruga, uplatama u novcu i/ili ulozima unosom prava (tražbina). https://eho.zse.hr/fileadmin/issu…acd2189c328.pdf

The USDA figures show that China has bought 9.5 million tonnes of corn from the United States and is expected to import about 26 million tonnes from all international suppliers for the 2021-22 season, which begins in September.

The USDA in its most recent Export Sales report said exports and undelivered sales of US corn to China for 2020-21 totaled 23,244,300 tonnes. Of the total, 11,380,300 tonnes already have been shipped to China while 11.864 million tonnes have yet to be delivered. https://www.world-grain.com/articles/15319…rts-from-the-us

Panamax Bulkers have seen strong growth in cargo miles in April when comparing year-on-year. The increase in demand for this vessel type has been supported by the growth in grain trades.

Baltic Capesize index +3% to 32593 + 959

Jun FFA +5% to $38k/d

Jul FFA +5% to $40k/d

A five-year-old 38,200 dwt handy is now on average worth around $19.5m, up by $5m from the beginning of the year. https://splash247.com/handy-sales-proliferate/

Tanker Market Earnings https://www.nat.bm/wp-content/upl…Rates210521.pdf

Smax

Jun. 28000

Jul.. 28000

dana 19. svibnja 2021. ukupno 300 dionica oznake TPNG po prosječnoj ponderiranoj
cijeni od 45,00 kn po dionici, što predstavlja 0,0034% temeljnog kapitala Društva. https://eho.zse.hr/fileadmin/issu…5a6870b0c1d.pdf

Cape July 40000 +2200

Capesize Q3 surpassing previous highs this morning

Chinese bulk carrier operator Jinhui Shipping and Transportation has announced the acquisition of 2004-built 52,686 dwt supramax bulker Tai Hawk from Tai Shing Maritime, an affiliate company of Taiwan Navigation.

The Japanese-built vessel was sold for a price of $10.8m, higher than VesselsValue’s estimate of $9.85m https://splash247.com/jinhui-acquire…wan-navigation/

57k open Singapore area fixed at 32500 for indo coal to japan - cnr

Evangelia 61k dwt open vietnam fixed on subs to WCI-PAK at 32.500 if Pakistan- if India 35.500 - cnr

MV Venus Halo 56dwt open Indon fixed aus coal to Japan at 35k with charts Daiichi

Bao Qin (56,877 2010) Humen 30 May trip via Philippines redel China intention nickel ore $32,000 - cnr

Mislim da će sutra Harpex index probiti ATH.......

Joakim Hannisdahl

I currently recommend the following capital allocation within DryBulk shipping to clients

Solin 2012 51545 dwt $25.000