Panamax

In a market and world with a lot of a lot of uncertainty we saw this week further day of gains for the Panamax market with all routes yielding considerable returns. North appeared well supported with improved numbers reported especially for the shorter duration trips, further South something of a slower day but with SE Asia rates seeing sizeable jumps owners’ offers were said to be difficult to nail down. Further North in the Pacific, talk of some strong numbers being concluded on the NoPac runs for well described tonnage on good delivery positions, continued to improve sentiment and feeling here.

Some representative fixtures this week:
The Navios Southern Star (82,224/2013) Rotterdam 10/11 March was heard fixing for a transatlantic trip via US Gulf redelivery Skaw-Gibraltar at USD 21,500.
Nan Xin 27 (74,483/2006) was heard fixing a trip via EC South America redelivery Skaw-Passero option 4-6 months at USD 35,000 basis delivery APS EC South America 17 March alternatively USD 24,750 basis retro sailing Sunda 15 February.
Yasa H Mulla (83,482/2011) Gibraltar 8 March fixed clean, delivery aps NC South America redelivery Far East at USD 27,000 + USD 1.4mio ballast bonus with Norden.
The Ocean Legend (78,208/2020) Cai Mep 13-14 March was rumored fixed for a trip via Indonesia redelivery Japan at USD 45,000.
Last Friday K Line secured the CSK Unity (77,105/2015) Manila 11/13 March for a trip via Indonesia redelivery Japan at USD 40,000.

Supramax

The Supra market continue to surge despite changing and challenging environment. Owners remain cautious reg trading CIS. However, there were talks about Ultra fixing CIS China coal round at USD 80,000. From the Atlantic, 55,000 dwt was covered for Med to Conakry at USD 16,000. 60,000 dwt open Vera Cruz concluded a trip from SW Pass redelivery Rotterdam with grains at USD 31,000. Clinker run to West Africa were done at USD 27,000 levels. From the Pacific, Ultramax open at Yosu was covered for trip via Indonesia redelivery West Coast India at USD 42,000. Other Ultramax open Gresik covered Indonesia to Thailand at USD 50,000. Still active talks around period; 57,000 dwt open East Med was fixed for sp at USD 24,000. 1-year for 58,000 dwt were discussed at high 20s

Pacific RV

$34,214 +$5071

Voldsomt trykk i supra!

To år til med supersyklus..

Sjekket omsetningen til JIN. I forhold til Eagle Bulk Shipping Inc så minner omsetningen i JIN om en middels stor kebaksjappe i Oslo (i forhold til omsetning). Hvorfor er det ikke omsetning i JIN?

Nærmere 200 000 i volum så langt er ikke så mye, men betydelig mer enn tidligere i lavsesongen. Tror han må mene Bislet kebab kjeden.

Er Kjepet blitt kjepphøy? Burde han ikke heller holde seg til egen tråd enn å bruke tid på å disse børsens mest underprisede?

Beklager litt flåsete der. Joda jeg skal ikke skrive mer om JIN. Skomaker'n skal bli ved sin lest :-)

Leste igjennom årsrapporten til mitt største innehav: Western bulk chartering.
De tror sitat
"Overall, the supply and demand of the global dry bulk market is expected to be in broad balance in 2022while the Supramax and Handy sectors are likely to perform better than their larger peers. We are seeing returns on investments in operational provement, excellence in execution and data driven decision making. Based on how the year has started and the current market outlook,
the outlook for 2022 is promising."

Høres bra ut for mitt største innehav nr 2. Jinhui shipping

It was overall a strong week from Asia, the continued lack of prompt tonnage and strong backhaul demand resulted in some impressive rates being reported. A 56,000-dwt fixing delivery Indonesia redelivery China at $51,000.

Jinhui seiler denne ruten, da særlig med nickel som er brennhett om dagen!! Nå må markedet våkne, aksjen er skambillig!

Nå ser det ut til at ingen er villige til å selge mer på dette nivået, da blir det spennende å se hva som skjer!

Ekstermt lav omsetning i dag

https://www.balticexchange.com/en/data-services/WeeklyRoundup/dry/news/2022/bulk-report-week-11.html

Ultramax/Supramax

Positivity returned to the Atlantic as brokers spoke to a declining list of open tonnage against a steady flow of enquiry, which has seen levels climb. A 63,000-dwt, open in Houston, was fixed for a trip to Imbituba at $30,000. A 53,000-dwt, open in the North Coast South America end of March, fixed a trip to the UK-Continent in the low $30,000s. A 56,000-dwt, open in the US Gulf, was fixed to the West Coast Italy with an intended cargo of Petcoke at $31,750. A 56,000-dwt open in Jorf Lasfar fixed via the Western Mediterranean to Nigeria in the high $20,000s. A 63,000-dwt, open in Vietnam 21-25 March, was fixed for a trip to Bangladesh with an intended cargo of Clinker at $30,000. A 63,000-dwt, open in Singapore with spot dates, was fixed via Indonesia to China at $41,000. A 61,000-dwt, open in Tianjin end of March, was fixed for short period with worldwide redelivery at $42,000.

Kan gå raskt mot 20 tallet nå!

Supramax fortsetter oppover.

Tirsdag faller Baltic Dry-indeksen, som viser inntjeningsnivået for frakt av tørrlast som kull, korn og jernmalm, 1,7 prosent til 2.546 poeng, ifølge TDN Direkt. 

Capesizeratene faller 11,9 prosent til 18.041 dollar, panamax er opp 5,7 prosent til 26.663 dollar mens supramaxratene stiger 1,2 prosent til 32.817 dollar.

På Oslo Børs faller Golden Ocean 2,3 prosent, 2020 Bulkers er ned 1,3 prosent, Belships stiger 3,6 prosent mens Jinhui Shipping er uforandret.

Baltic Dry-indeksen utarbeides av London-baserte Baltic Exchange. Indeksen var oppe i all-time high 20. mai 2008, da den nådde 11.793 poeng. All-time low fant sted 10. februar 2016, da den var nede i 290 poeng.

Utrolig at ikke Jinhui handles betydelig høyere

Der har vært slik siden februar i fjor, spør du meg. Har kjøpt og solgt JIN x-antall ganger siden da. Om jeg kan si en ting uten at noen skal bli fornærmet. Fysj, så ufattelig veik den er. Vi venter på rettferdig kurs, alle mann.

Vi må jo bare synes synd på dem som solgte mer enn 150.000 jin aksjer mellom 14.00 og 14,20 .
På en dag hvor supramaxratene gikk over 33,000 pr dag- i mars !!!!!!

Helt ubegripelig og sørgelig.

“The stock market is a device for transferring money from the impatient to the patient.” Warren Buffett “

Godeste buffet er også opptatt av økende EPS, så for han burde JIN være midt i blinken 😃

https://www.marinetraffic.com/en/ais/details/ships/shipid:464662/mmsi:477754100/imo:9626924/vessel:PACIFIC_CROWN

Da er Pacific Crown også innlemmet i rederiet, det har fått navnet Jin Mao! 🙈😅

Enligt Google translate betyr JIN Mao, Golden retriever 😅

Kina fjernet toll på kullimport fra 2 mai til 31 mars 2023. Det betyr økt import fremover. Meget bull for Jinhui!