Nok en dag der det ble satt ny rekord for året. BDI nå 1340 poeng.

Siden aksjekurstoppen 9. januar har ratene steget over 8%, aksjekursen er bare ned 20%.

https://www.hegnar.no/Nyheter/Boers-finans/2019/06/Slik-gaar-det-med-toerrbulk-aksjene9

er det finansieringen av scrubbere som holder kursen lav?

ratene går jo opp på grunn av skip tas ut til scrubbers, så det betaler jo seg selv på en måte...

panamax over 10 000 👍

Finansieringen av scrubberne var kjent i august 2018.

ok 👍

Forresten 8 år siden BDI var like høy i slutten av juni som nå. Men folket selger fortsatt aksjen for fullt til prisen av spiker.

https://twitter.com/DryBulkETF/status/1144229681891368960

ja var rustne spiker for et par uker siden, nå snakker vi galvaniserte spiker så retningen er der i det minste 😂

DIANA SHIPPING:TC MED CARGILL FOR CAPESIZE, USD 16.000/DAG

15:59
Oslo (TDN Direkt): Diana Shipping har inngått en tc-kontrakt med Cargill for capesize-skipet Semirio til en bruttorate på 16.000 dollar pr dag for en periode på minimum 15 måneder og maksimalt 18 måneder, melder selskapet torsdag.

Kontrakten ventes starte opp 1. juli.

TDN Direkt finans@tdn.no
TDN Direkt, +47 21 95 60 70
© TDN delayed

Håper GOGL har is i magen og ikke slutter lange kontrakter på disse nivåer. Vente litt til nå så er det mulig å binde seg på 22-25 k på to år, men det er nok fornuftig å gjære for en del av flåten.

Canada, U.S. gain as India cuts dependence on Australian coking coal
in Dry Bulk Market,Freight News 27/06/2019


Shipments of coking coal from the United States and Canada rose to a sixth of all Indian imports of the fuel during the year ended March 2019, as steelmakers in the coal guzzling country look to cut their dependence on Australia.

Australia’s share in India’s coking coal market fell to 71%, or 36.91 million tonnes, during the year ended March 2019 from about 88% three years ago, India coal ministry data reviewed by Reuters showed. The United States and Canada had a 5.6% share of the market three years ago.

Regular interruptions in India’s main supplier over the last few years, including a flood in a major coal producing region in February and a cyclone which tore into Queensland in 2017, have caused worries about major supply disruptions in India.

Overall Indian coking coal imports rose 10.3% to 51.84 milion tonnes, while imports of thermal coal – mostly used by utilities – rose 13.72% during 2018-19.

Higher Indian coal imports are a boon for international miners such as Indonesia’s Adaro Energy, Australia’s Whitehaven Coal, U.S. coal miner Peabody Energy Corp and global commodity merchants such as Glencore .

India expects its coking coal demand to more than double in 10 years as the country plans to increase its crude steel production to 300 million tonnes by 2030 from current annual production of 132 million tonnes.

Indian steelmakers import the bulk of their coking coal needs due to scarce domestic production.

The country imported 4.29 million tonnes of coking coal from Canada during 2018/19, accounting for 8.27% of overall India-bound shipments of 51.84 million tonnes.

Coking coal imports from the United States were 4.13 million tonnes, or 8% of all shipments to India of the fuel.

Indonesia remained the top supplier of thermal coal in 2018-19, accounting for three-fifths, or 111.6 million tonnes. Imports from South Africa amounted to 31.15 million tonnes, or less than a sixth of all thermal coal imports.

Imports of thermal coal from the United States rose by 24% to 10.84 million tonnes, the largest gain by a country in percentage terms. Indonesian coal imports rose 18%, while imports from South Africa fell 19% during the year.

Rate of growth of thermal coal imports from countries such as Russia and Australia were largely in line with an overall surge in imports, while coal imports from Mozambique outpaced overall growth, up 37.4% to 4.85 million tonnes.

Australian thermal coal exports to India could rise once Adani Enterprises’ Carmichael mine starts exporting, which the company expects to do in two years.
Source: Reuters (Reporting by Sudarshan Varadhan; editing by Emelia Sithole-Matarise)

Home / Commodities / Commodity News / China iron ore slips as supply woes ease; steel scales new peaks


China iron ore slips as supply woes ease; steel scales new peaks
in Commodity News,Dry Bulk Market 27/06/2019


Dalian iron ore prices fell for a third straight session on Wednesday as concerns about tight supply eased, while steel futures extended a rally partly driven by production cuts imposed in some of China’s heavily polluted industrial areas.

Worries eased a bit about a global iron ore shortage that had sent spot prices to five-year highs and futures to record peaks in recent weeks, after Brazilian miner Vale SA resumed full operations at Brucutu mine.

Vale, the world’s No. 1 iron ore producer, said on June 19 that it would fully resume Brucutu operations within 72 hours, after an appeals court overturned an earlier ruling that halted processing amid concerns about the safety of a nearby dam.

“The mine was fully restarted on Saturday and should be back to 100% capacity relatively quickly,” ANZ Research said in a note.

The most-actively traded September iron ore contract on the Dalian Commodity Exchange ended down 0.3% at 804 yuan ($116.76) a tonne, not too far from its record peak of 837 yuan hit on June 20. It dropped as much as 3.4% earlier in the day.

Despite Brucutu coming back online, ANZ said it does not expect to see any material rise in Vale’s output this year, projecting a global iron ore shortage of 45 million tonnes this year and 33 million tonnes in 2020.

Brucutu had operated at only a third of its capacity after it was shuttered in February as Vale’s mine operations came under close scrutiny following the deadly Brumadinho dam collapse in late January.

Vale shut several dams and suspended some mining operations for safety checks, curbing iron ore supply to China, which makes half of the world’s steel.

Iron ore stockpiles at Chinese ports have declined steadily since mid-April to their lowest in two-and-a-half years, as of last week.

Additional downside pressure on iron ore prices was expected from output restrictions in some of the steelmaking hubs in China, which seeks to reduce persistently high industrial gas emissions, said SP Angel in London in a note.

China’s top steelmaking city of Tangshan has imposed a new set of output curbs on steel producers, some of which will have to halve production until the end of July.

The output curbs continued to underpin steel futures in China, which rose for a sixth straight session on Wednesday.

The most-actively traded construction steel rebar contract, for October delivery, on the Shanghai Futures Exchange, rose as much as 1.2% to 4,013 yuan a tonne in early trade, its highest since August 2011. It ended up 0.9% at 3,998 yuan.

Hot-rolled coil, steel used in cars and home appliances, closed 0.3% higher at 3,916 yuan a tonne, after hitting a record 3,944 yuan earlier in the day.

Other steelmaking raw materials also traded higher, with Dalian coking coal up 0.2% at 1,378.5 yuan a tonne. Coke futures rose 1.5% to 2,105.5 yuan.

China’s imports of Australian coking coal in May plunged 49.3% from a month earlier, customs data showed on Tuesday, as buyers held off purchases because of uncertainty regarding government policy on Australian imports.
Source: Reuters (Reporting by Enrico dela Cruz; Editing by Subhranshu Sahu and Sherry Jacob-Phillips)

India’s annual coal demand rises 9.1% to nearly 1 bln tonnes – minister
in Commodity News,Dry Bulk Market 27/06/2019


India’s annual coal demand rose 9.1% to 991.35 million tonnes during the year ended March 2019, India’s Coal Minister Pralhad Joshi told the country’s parliament.

Coal is among the top five commodities imported by India, one of biggest importers of the fuel despite having the world’s fifth largest reserves.

Consumption by India’s utilities, which accounted for three-fourths of the total demand, rose 6.6% to 760.66 million tonnes, Joshi said in a written response to a question in the upper house of the parliament.

Imports rose to 235.24 million tonnes in 2018-19 from 208.27 million tonnes in 2017-18, Joshi said, adding that domestic supplies rose to 734.23 million tonnes during the year ended March 2019.

India’s supply shortfall more than doubled to 23.35 million tonnes, mainly because of state-run Coal India’s inability to cater to demand from the cement and sponge iron industries.

Demand from the cement sector rose 70% to 37.22 million tonnes while coal demand from the sponge iron industry rose by over two-thirds to 41.33 million tonnes, Joshi said.

A ban on the use of petroleum coke, a dirtier alternative to coal, in some parts of the country, and Coal India’s focus on power sector ahead of the elections amid a promise to electrify all rural households in the country led to a rise in imports.

State-run Coal India is prioritising starting production at mines with a capacity of more than 10 million tonnes per year and improving mechanisation to increase output, Joshi said.

Coal India’s output rose 7% to 606.89 million tonnes in 2018-19, and is targeting a production of 660 million tonnes in 2019-20.
Source: Reuters (Reporting by Sudarshan Varadhan. Editing by Jane Merriman)

Futures flat for 3 dag på rad, men vi vet jo alle at ratene gikk videre opp neste dag :-)
..............
The Baltic Dry Index today reached its highest point for this time of the year in eight years, surpassing last year's level.

Slow pace of reforms spurring higher coal imports by Indian utilities
in Dry Bulk Market,Freight News 28/06/2019


Coal imports by Indian utilities are surging after the government failed to open the industry to competition, despite passing a liberalization policy 16 months ago, because of bureaucratic indecision and resistance from unions, industry and government officials said.

Utilities in India, which holds the world’s fifth-largest reserves of the fuel, imported over 40% more coal during January to April compared with a year ago, data from the Central Electricity Authority showed.

The country’s cabinet has approved policies opening coal mining to private miners and partially removing restrictions on the sale of coal produced at so-called captive mines but the reforms have not been implemented.

The government delays stem from bureaucratic disputes on how to implement the liberalization policies, such as the formulas for bidding on the blocks, said two sources, one with the government and the second at an industry group, who are familiar with the matter.

There was also a reluctance to introduce the changes before elections this past May, especially with the strong opposition from unions representing workers at state-run Coal India, the sources said.

“The delays could be due to reservations from trade unions and the government being in election mode till May. They could have also been spending time in planning, which might not be a bad thing given international experiences,” said Satyadeep Jain, a global metals and mining equity consultant.

“This makes a well crafted policy by engaging all stakeholders very important.”

India’s surging imports offer an opportunity to miners like Indonesia’s Adaro Energy, Adani Enterprises and Glencore that face a structural decline in coal demand. They also undercut efforts by Prime Minister Narendra Modi’s government to cut imports and place additional burdens on India’s debt-ridden thermal power sector.

Within India, a fast rising population, strong economic growth, a government programme to electrify households as well as a lack of alternatives like natural gas have all contributed to a surge in thermal coal demand.

CARE Ratings in a note in May said it expects India’s rural electrification to contribute to a 5%-6% rise in power demand in 2019-20, increasing demand for thermal coal imports.

Imports are also supported by a slump in thermal coal prices caused by ample supply and a global economic slowdown, as well as a push to use cleaner fuels in place of coal.

“India is lapping up that coal because of high demand for imported coal currently,” said Puneet Gupta, founder of online coal marketplace CoalShastra.

POLICY PARALYSIS

India’s cabinet approved a policy in February 2018 to auction coal blocks to private companies, giving them the freedom to sell and fix prices, ending Coal India’s near monopoly along with state-run Singreni Collieries.

This past February, India approved the sale of up to 25% output of captive coal mines owned by consumers, mainly utilities and steel plants. However, bureaucratic disputes over implementation and the fear of a backlash from trade unions linked to political parties including Prime Minister Modi’s Bharatiya Janata Party (BJP) have thwarted plans to lure foreign firms, said industry executives.

“One of the main reasons they didn’t initiate commercial coal mining before the elections despite cabinet approval was protests from Coal India’s unions,” a senior executive from a Indian industry group familiar with the matter said.

Virjesh Upadhyay, secretary of the BJP-affiliated trade union Bharatiya Mazdoor Sangh (BMS), said it is against opening the coal sector. BMS claims to have the support of half of Coal India’s 300,000 workers.

“We have made our view very clear – we are against privatisation of the country’s coal resources,” he said.

Coal India has missed its annual production target for the past seven years, despite raising output by 7% to 607 million tonnes in the 2018/19 fiscal year ending in March.

A Coal India spokesman declined to comment on the government’s liberalization programme saying only that the company plans to produce 660 million tonnes of coal during the 2019/20 fiscal year.

“As long as the policy response of the government to scarcity of coal remains confined to asking Coal India to produce more, scarcity position is bound to stay,” said Ashok Khurana, head of the Association Of Power Producers (APP), which represents Indian private utilities.

India’s Ministry of Coal did not respond to a request seeking comment.

The Tamil Nadu Generation and Distribution Corp (Tangedco), the utility for the southern Indian state, illustrates India’s increasing reliance on coal imports. The company’s imports more than doubled during the first four months of 2019, the Central Electricity Authority reported.

“Coal India and Indian Railways weren’t able to keep up their commitments. Stock positions in our thermal plants fell to dangerous levels, and since then, we have been importing,” said Tangedco’s Chairman Vikram Kapur.

He expects imports to rise as the state will add 6,200 megawatts of new capacity through 2024.

“Imports will go up, going forward. From 2020-21, we have to go for more imports,” he said.
Source: Reuters (Reporting by Sudarshan Varadhan; Editing by Nidhi Verma and Christian Schmollinger)

Men kursen ligger likevel og gnurer i en bunnformasjon.

Her er nestemann ut med positivt syn på GOGL
https://blogg.nordnet.no/morgenrapport-fredag-282/?_ga=2.247694403.514572668.1561359861-713179029.1483444518

Og da har vi en buy anbefaling også. Det var lenge siden fra den kanten.
https://www.tickerreport.com/banking-finance/4406945/golden-ocean-group-nasdaqgogl-upgraded-by-bidaskclub-to-buy.html

Forstår ikke helt all denne sutringen. Golden har da gått fra 38 til 48 kroner. Det er både gode kroner og prosenter. Alt kan da ikke vokse til himmels, selv om menigheten virker ganske samstemt. Når menigheten er samstemt, så blir ihvertfall jeg noe skeptisk.

At star bulk også vil være en god hest å ri, virker som har gått under radaren for de fleste her inne :)

Forøvrig så tror jeg short jernmalm er en god idé fremover. Lavere priser bør bety mer etterspørsel.

Jo det kan det, hørt om bønnestengel ? Ha en strålende dag, her skinner sola og vi blir rikere.

Ser vi 50 i dag ? Hva tror dere ?

Er vel på tide å gå inn igjen snart

Den er i 49,86 nå

capsize +0.3% idag

Hehe 49,90 Begynner å bli moro.

Der satt'n på 50

Ja, da har vi lagt bak oss en hel uke med oppgang både rater og kurs. Sa vi kom til å nå kr 50 innen fredag, og det gjorde vi :-)

Neste uke ser vi rater over 20.000, og ved løsning handelskonflikten spretter GOGL over kr. 60.

Ingen krise for GOGL dersom ikke handelskonflikten løses heller, vil fortsatt være høy aktivitet i tørrlast lenge ennå, ikke minst også nå med Vale tilbake.

kursmål ila neste uke??

Det tror jeg du burde spørre Xi og anda om, blir i hvert fall en spennende helg.
Som det er nå har noen satt sperra på 50, bryter den så kan det bli en fin fredag ettermiddag.
Så for alle ha en god helg.

hehe.. vet jo aldri hvilken fot den klovnen står opp på :D :D

Seig den 50 sperren, blir spennende å se om den knekkes ila ettermiddagen.

Og futures er opp i dag for 1. gang denne uka, bare å glede seg til neste uke, og riktig god helg alle sammen! :-)
....
Freight futures am update Capesize up ~1% Panamax up ~1%

BULK:BALTIC DRY-INDEKSEN +1,0% TIL 1.354 POENG

14:03
Oslo (TDN Direkt): Baltic Dry-indeksen er opp 1,0 prosent til 1.354 poeng, ifølge The Baltic Exchange onsdag.

Baltic Dry +1,0%

Capesize +0,3%

Panamax +3,4%

Handysize -0,3%

Supramax +0,6%

Da fikk vi nok en rekord for året på ratene. BDI nå i 1.354 POENG. Da er ratene på sitt høyeste sesongmessige nivå på 8 år. Vi er høyere enn snittratene i 2018, og FFA banker videre oppover i både Cape- og Panamaxsegmentet. Kurs på 50.- er bare en sperre på grunn av vår valuta og at vi benytter oss av 10-systemet.

Selvbedraget forsetter, så det er bare å selge til sultne investorer som gjerne tar imot de rådyre aksjene deres :-)

God helg, så får vi håpe det "blir noe" på anda i helga!

https://www.bloomberg.com/news/articles/2019-06-28/xi-fires-shots-at-u-s-before-trump-meet-without-mentioning-him?srnd=premium
For se hva det blir.

Ja Kjepet, over 100% opp til kursmål 105 for de som har høydeskrekk og ikke klarer å være med over 50 engang ;-)

Nytt kjempefall i jernmalmlagrene i China denne uken. Er nå hele 27% lavere enn for ett år siden.

Another weekly drop in China's onshore iron ore inventories, now down 27% from previous year and at the lowest level since 12/16.

Ja det bliver nok ikke i dag vi kommer over 50.
Det kan gå hen og blive en kanon weekend. Vi må se på mandag om vi skal op over 60 igen.
God weekend

Ja malm og olje lagrene blir tømt. Det må jo bety at det blir brukt og ergo må fraktes, jeg har kjøpt nesten 1000 til i dag og tror det blir bra fremover.