Cape -3.2%

Noen som kan oppsummere hvorfor ratene fortsetter å synke nå som vi snart er 1 mnd forbi Kinesisk nyttår. Vi er i en periode av året det vanligvis pleier å bli sterkt press på ratene? Både i 2016 og 2017 opplevde vi en dobling av rater fra februar til april.

For å si det meget enkelt er for mange fartøyer som kjemper om for få laster ut fra Brasil + Trump.

Det var en god forklaring på bare én linje Volf :-)

BALTIC DRY-INDEKSEN -0,9% TIL 1.169 POENG
Oslo (TDN Direkt): Baltic Dry-indeksen er ned 0,9 prosent til 1.169 poeng, ifølge The Baltic Exchange onsdag.

Baltic Dry -0,9%
Capesize -3,2%
Panamax +0,0%
Handysize +0,7%
Supramax +1,5%
Baltic Dry-indeksen angis i poeng. Resterende segmenter er snittrater i dollar pr dag.

Dato BDI Capesize Panamax Handysize Supramax
14.03.18 1.169 10.461 13.027 9.148 11.953
13.03.18 1.179 10.810 13.025 9.084 11.780
12.03.18 1.192 11.206 13.034 9.058 11.654
09.03.18 1.201 11.554 12.960 8.991 11.574
08.03.18 1.197 11.669 12.763 8.936 11.476
07.03.18 1.191 11.797 12.463 8.813 11.359
06.03.18 1.212 12.516 12.267 8.758 11.257
05.03.18 1.210 12.651 12.055 8.675 11.158
02.03.18 1.207 12.609 12.038 8.613 11.116
01.03.18 1.196 12.395 12.074 8.512 10.984
HH, finans@tdn.no

Dry Bulkers Worth More than Tankers and Boxships

The dry bulk fleet is now worth more than the combined value of the tanker fleet, leapfrogging containerships as well, according to the vessel valuation expert VesselsValue.

The surge in the value of the dry bulk assets comes on the back of soft returns that plagued the market over the past couple of years which encouraged scrapping and drove ton-mile demand increase.

The dry bulk market hit rock bottom three years ago, with rates spiraling down amid tonnage overcapacity. However, as the market reaps the gains of a restored balance between supply and demand, hire rates have been on the climb enticing owners to invest in more tonnage.

Separately, the tanker market is currently hit from both sides, as supply and demand continue to exert pressure on earnings. Namely, demand for tanker transportation is affected by inventory drawdowns, whereas the supply side is hit by deliveries of newbuildings exceeding retirements of older ships.

Based on VesselsValue’s figures, the value of the bulker fleet as of March 2018 is just below USD 200 billion standing at USD 195.3 billion, with tankers following suit close behind in value totaling in USD 192.5 billion.

Les hele artikkelen her: https://worldmaritimenews.com/archives/247150/dry-bulkers-worth-more-than-tankers-and-boxships/

Investtech sin beskrivelse av det jeg har skrevet om: (men jeg mener 75 vil være endelig bekreftelse)

Dagens aksje:
Golden Ocean Group Limited viser en sterk utvikling innenfor en stigende trendkanal. Videre positiv utvikling indikeres, og det ligger støtte ned mot gulvet av kanalen. Aksjen beveger seg i en rektangelformasjon mellom støtte på 61.90 kroner og motstand på 73.50 kroner. Etablert brudd på et av disse nivåene vil signalisere videre retning. Aksjen ligger mellom støtten ved ca 63.00 kroner og motstanden ved ca 73.00 kroner og etablert brudd på et av disse nivåene vil signalisere videre retning. Volumbalansen er positiv og styrker aksjen på kort sikt. Aksjen anses samlet sett teknisk positiv på middels lang sikt.
Anbefaling: Kjøp

SHIPPING: På Wall Street er det meste red hot. Teknologi tikker bare oppover og børsene setter stadig nye rekorder. Alt er hot utenom shipping, sier Rikard Vabo, corporatesjef i Fearnley Securities. Men det er midlertidig, mener han, og spår uante muligheter de neste årene. – Alle de store navnene handles til bokførte verdier eller lavere. Det viser at kapitalen på Wall Street foreløpig skyr shipping. – Økt inntjening vil drive aksjene opp og samtidig tar verftene seg nå bedre betalt. Vi tror en rekke sektorer innen shipping vil friskmeldes innen kort tid og at vi går mot spennende tider. (Finansavisen)

Kursmål ila Mars?? Jeg har håper vi ser 72 snart igjen :)

Ja, det ser ut som om mange skal filleristes ut av gogl nå like før oppgangen kan begynne.

Fra dagens Investtech - høres jo optimistisk ut ....

Dagens aksje
Golden Ocean Group Limited (GOGL) Kurs 68.80, 14. mar 2018

Golden Ocean Group Limited viser en sterk utvikling innenfor en stigende trendkanal. Videre positiv utvikling indikeres, og det ligger støtte ned mot gulvet av kanalen. Aksjen beveger seg i en rektangelformasjon mellom støtte på 61.90 kroner og motstand på 73.50 kroner. Etablert brudd på et av disse nivåene vil signalisere videre retning. Aksjen ligger mellom støtten ved ca 63.00 kroner og motstanden ved ca 73.00 kroner og etablert brudd på et av disse nivåene vil signalisere videre retning. Volumbalansen er positiv og styrker aksjen på kort sikt. Aksjen anses samlet sett teknisk positiv på middels lang sikt.
Anbefaling: Kjøp

Har ikke helt draget på dette nye forumet ... :-(

Shanghai steel rises on strong demand outlook, hoists iron ore
in Commodity News 16/03/2018
Chinese steel futures climbed more than 1 percent on Thursday, supported by expectations that demand in the world’s top consumer will strengthen with the country’s construction industry gearing up for business as spring arrives.
The firmer steel market helped prices of raw material iron ore gain for a second session in a row, pushing them away from a nearly four-month low reached earlier this week.
The most-actively traded rebar for May delivery on the Shanghai Futures Exchange closed up 1.2 percent at 3,752 yuan ($594) a tonne. The construction steel product touched 3,657 yuan on Wednesday, its lowest since Nov. 20.
Government data showed on Wednesday that China’s crude steel output rose 5.9 percent in January and February in a sign that mills ramped up production to take advantage of firm prices.
The data implies that apparent steel consumption increased 12.2 percent in the first two months of the year, compared with 4.8 percent growth in December, Morgan Stanley analysts said in a note.
That reflected China’s closure of producers of low-quality steel last year and a “healthy order book in early 2018”, they said.
Chinese steel output is expected to rise further from tomorrow when winter curbs on producers in northern cities are lifted as the winter heating season ends. Some cities, including top-producing Tangshan, plan to extend the output restrictions.
“After mid-March, construction activity will increase and we should see more consumption of rebar,” said one Shanghai-based trader.
Iron ore on the Dalian Commodity Exchange rose 1 percent to 490 yuan a tonne, above Monday’s 475.50 yuan, its weakest since Nov. 20, and adding to Wednesday’s 2.1 percent jump. Coking coal advanced 1.6 percent to 1,285 yuan.
Firmer futures have spurred a similar recovery in spot prices. Iron ore for delivery to China’s Qingdao port .IO62-CNO=MB rose 2.7 percent to $71.64 per tonne on Wednesday, according to Metal Bulletin. The spot benchmark had dropped below $70 this week for the first time since December.
Source: Reuters (Reporting by Manolo Serapio Jr. Editing by Kenneth Maxwell and Subhranshu Sahu)

Dry Bulk FFA: Panamax Paper Market Bullish
in Dry Bulk Market,International Shipping News 16/03/2018

Highlights:
The index remains bullish with the weekly stochastic now crossing the 50-level indicating momentum is strengthening on the weekly chart.

The April futures remain technically bullish above USD 13,490. Below this level would suggest we remain in a corrective phase.

The rolling front month contract would suggest we are on wave 4 and based on Elliot wave theory we should have more upside in this trend.

The Q3 futures are bullish but in a corrective phase 4. Depending on the depth of the pullback this could be an extended wave 3.

The Cal 19 futures looks to be on wave 4 of wave 3 and not wave 4 of wave 5. Either way we remain in a corrective phase of a technically bullish trend.

Panamax Index Daily
Source: Bloomberg
Resistance – 13,740, 14,465, 17,315
Support – 11,958, 10,635, 9,925

The Panamax index remains technically bullish on the weekly chart with prices remaining above all its moving averages. The stochastic on the daily chart remains at its upper limits whilst the weekly stochastic at 59 in now in bullish.

Downside moves that close below the USD 12,055 open of last weeks candle would be regarded as technically weak in terms of price action, however this would be above the moving averages and suggest a corrective wave in a bullish trend at this point. Further support can be found between USD 11,958 and USD 9,925.

Technical resistance is between USD 13,740 and USD 17,315 with the USD 14,465 being the 61.8% extension of legs 1 – 3 maki9ng it a key resistance area.

Panamax April 18 daily
Source: Bloomberg
Resistance – 14,210, 14,365
Support – 13,490, 12,980, 12,830

The April Futures remain in bullish territory above the USD 13,490 support. However, the 8 and 21 period EMA’s are now starting to converge, not a sell signal it does warn of slowing momentum or the potential for the market to range.

Upside moves that close above the USD 14,210 resistance would be regarded as technically bullish and increase the probability of the market achieving new highs.

Downside moves that close below the USD 13,490 support would put price action back into bearish territory. Wave analysis on the rolling one-month future would suggest we are currently on a wave 4, this would imply that any downside moves should be corrective rather than bearish at this point.

Panamax Q3 18 Daily
Source: Bloomberg
Resistance – 12,970, 13,105, 13,289
Support – 13,675, 12,505, 12,320

The sideways action on the Q3 18 futures would suggest we are in a leg 4 corrective phase.

Technically price action remains in bullish territory as it remains above the 8 – 21 period EMA’s and has recently made a new high above the USD 12,890 resistance.

Upside moves that hold above the USD 12,675 support and close above the USD 12,970 resistance would confirm a leg 5 of an Elliott wave cycle. Crucially by holding above the support it would suggest that we have seen a leg 5 of leg 3 and not a market top.

A close below the USD 12,675 support would indicate that we remain in a leg 4 corrective phase. It doesn’t mean that there will not extended wave, however the further the pullback in price the less likely the third wave will extend.

Bullish but in a corrective phase.

Panamax Cal 19 Daily
Source: Bloomberg
Resistance – 12,405,12,490, 13,033
Support – 11,974, 11,807, 11,640

A small error on the wave analysis last week as it would appear we are on wave 4 of wave 3 and not wave 4 of wave 5. From a technical perspective this does not change the directional play of the trend as it was previously bullish and in a corrective phase, and this remains the case. Price action remains above the EMA’s which although converging continues to be bullish.

Technical support is between USD 11,974 and USD 11,640 with resistance at USD 12,405. A close above the USD 12,405 resistance would create a new high and be regarded as technically bullish and suggest we could be entering wave.

Downside moves that trade below USD 11,455 would create a wave overlap, although this is generally accepted in Elliott wave it would warn that the technical is severely weakened.

Source: Freight Investor Services (FIS)

https://www.hellenicshippingnews.com/dry-bulk-ffa-panamax-paper-market-bullish/

SB1M er ute med en oppdatering på bulk i dag. I oppsummeringen skriver de følgende:

"Our current take on the dry-bulk market

Short term indicators: In general, rates and values for most segments are developing in a positive trend. Panamax market is performing strongly (p.9), capesize rates are currently soft (p. 6)
» Seasonally strong rates for Panamax à Indicates broadbased strong global demand
» Capesize rates are softer, both spot rates and timecharter rates. We expect to see a seasonally stronger market heading into Q2
» FFAs have been weaker over the last week(s)

Trade figures:
» Some weakness in Brazil export numbers for iron ore.

Outlook: Our positive view on the dry bulk market is unchanged:
» We are encouraged by strong data points for the demand side in combination with a historically low fleet growth over the next couple of years. We estimate 1%-2% annual supply side growth for 2018 & 2019 (pp 27-28)
» Longer term themes (p. 38à). We will be on the lookout for effects of:
1) 2020 global sulphur cap à Effectively taking away dry-bulk capacity, increasing utilisation
2) Change in scrap content in Chinese steel makingà Potentially reducing growth in iron ore imports
3) Effects of a maturing macro cycle à reducing growth in demand
4) Any indication of tradewars, affecting total commodity volumes shipped

Analysts
Jan-Tore Christiansen"

Hjelper lite med gammelt nytt....

Western Bulk fyrer på alle sylindre
Konsernsjef Jens Ismar levner ingen tvil om at optimismen råder i tørrbulkmarkedet for det kommende året. De ansatte kan merke bedringen på lommeboken.
Tørrbulkrederiet Western Bulk Chartering stiger nær syv prosent til 55 kroner fredag på den uregulerte markedsplassen OTC etter å ha lagt frem årsrapporten for 2017 torsdag kveld.
Dermed prises rederiet til 778 millioner kroner.
Kurshoppet kommer imidlertid på svært begrenset volum. Kun 150 aksjer er omsatt, ifølge oversikten til Verdipapirforetakenes Forbund.
Årsrapporten til rederiet der Christen Sveaas eier 75 prosent av aksjene gjennom investeringsselskapet Kistefos, vitner uansett om et svært positivt markedssyn og en organisasjon som «fyrer på alle sylindre».
Viktig milepæl
Den erfarne shippingmannen Jens Ismar leder rederiet som gikk fra et underskudd på 309 millioner kroner i 2016 til et overskudd på 35 millioner kroner i fjor.
- 2017 bragte liv, lyst og optimisme tilbake til tørrbulkmarkedet da ratene returnerte til et mer bærekraftig nivå, skriver han i rapporten, og viser til at snittratene doblet seg sammenlignet med året før.
- For Western Bulk var året en stor forbedring og en viktig milepæl for å bevise suksessen til forretningmodellen vår (..) Konsernets Netto TC (Time Charter) og resultatet for året som helhet endte langt over det mange hadde forventet på vei inn i året, og resultatet bekrefter at organisasjonen fyrer på alle sylindre, skriver Ismar med etterfølgende utropstegn.
Samtidig som han vier masse spalteplass til å takke kunder - både rederier og befraktere - og kolleger, understreker han viktigheten av å fortsette å jobbe ufortredent videre og forbedre seg ytterligere for å sikre at suksessen fortsetter.
- I takt med verdens økende tempo er det som var godt nok i fjor, sjeldent godt nok i år, fastslår Ismar, og trekker frem digitalisering som en viktig driver for endring og noe som både vil påvirke shipping-industrien, samt åpne nye muligheter.
- Teknologi og mennesker er viktige strategiske prioriterer for Western Bulk og vil være sentrale i vår innsats for å forbedre driften og konkurranseevnen ytterligere fremover.
Økt selvtillit
Rederisjefen skriver at både rederiet og selve markedet kommer inn i 2018 med betydelig økt selvtillit.
Støttet av det han omtaler som sunne grunnleggende fundamentale faktorer, forventes den positive markedstrenden å fortsette.
- Nybyggingsrdreboken er historisk lav og er ikke ventet å kommer med noen overraskelser det kommende året. Selv om etterspørselsveksten kan ende noe lavere det neste året er den fortsatt ventet å være moderat høyere enn tilbudet, noe som betyr at flåteutnyttelsen burde øke.
Han mener spørsmålet som alltid er hvor risikoen kan være, og at de som vanlig må være forberedt på det uventede.
- Det vil være volatilitet, og vil være fleksible til å kunne dra nytte av det gjennom vår desentraliserte handelsmodell, avslutter han.
Økt lønn
Gjennom året opererte rederiet en gjennomsnittlige flåte på 140 skip innen segmentene Handysize, Supramax og Ultramax.
Bedringen i markedet drypper også over på de ansatte.
Årsrapporten viser at utbetaling av lønn og bonuser ble nær doblet fra året før.
Ved utgangen av året hadde rederiet 101 ansatte som tilsammen tjente 20 millioner dollar inkludert bonuser. Det tilsvarer totalt 154,4 millioner kroner eller drøyt 1,5 millioner kroner pr ansatt.
De tilsvarende tallene fra året før var 104 ansatte og en total utbetaling av lønn og bonuser på 11,8 millioner dollar, noe som tilsvarer en total avlønning på 91,1 millioner kroner og 876.000 kroner i snitt pr ansatt basert på dagens dollarkurs.

Ser man grafen de siste 71 dager: Hvor lenge har Gogl ligget under kr 67?
Drys opp 4%.
Mulig Volf får rett i at den skal lengre ned, men jeg tok ikke sjansen, og brukte krakk-kapitalen til å øke beholdningen.
Trump er en forretningsmann, og han vil ikke sende verden ut i en krise.

Sitat Roger Berntsen: «Når det er sagt, investorene er fremdeles opptatt av den potensielle handelskrigen mellom USA og `resten av verden´. I denne forbindelse ønsker vi å gjenta oss til det kjedsommelige om at det ordner seg, gitt kombinasjonen av USAs enorme gjeldsberg og tilsvarende `enormt rike´ handelspartnere (Kina, Norge mfl.). Alle parter vil enes om en god løsning på situasjonen, tror vi. Noe annet vil være idioti», fortsetter analysesjefen.

Tror vi har en grei bunn her nå.
10 minutter igjen til å gjøre årets kupp !
God helg :)

Kbkristi tror du gjorde et godt kjøp der, jeg venter til mandagen. Kjøper sjelden aksjer på fredags ettermiddag i urolig marked
Lykke til med handelen og ha en fin helg.

Takk for det Volf.
Men jeg skjønte ikke det med at "du hadde advart mot dette i et år". Hva var det du mente?
Alle er vi selv ansvarlige for våre egne investeringer. Noen spår he...te mens andre spår rett til hi..mels.
Du er ikke for noe Trump, har jeg rett da?

Det jeg mente var ca et år siden Trump overtook som president og i valgkampen gikk han ut med toll på div varer så alle som fulgte med skulle ha fått med seg at det kunne skje, jeg skrev også noen innlegg her på forumet om hvordan tollen (handelskrigen) ville virke inn på shipping.
Selvfølgelig er hver og en ansvarlig for sine investeringer men en må ha informasjon mye informasjon til å ta de riktige beslutningene.
Trump er ok til sitt bruk ,men hold en armlengdes avstand..

Dry Cargo Broker Viewpoint (16 Mar 2018)
There are still signs of positivity pushing through in the Capesize derivatives trade, we are told, with early trading on Thursday hinting at a revival by the weekend. No such luck, however, on the spot mar­ket, despite a notable increase in Atlantic fixing and short period trading. Cargo volumes have remained stubbornly limited on the Capesize market, so rates have continued to slide in response. With no reason for a trans-Atlantic market to stay aloft, TARV rates plummet at week’s end by more than US$ 1,500 to settle in the low US$ 6,000s daily and below opex.
bulk carrier
A consensus is building among Panamax observers and traders that the mid-range bulkers are poised for a quite positive 6-8 weeks ahead as a combination of oncoming South American grain cargoes—driven by strong eastbound demand—and slimming tonnage availabilities generate a bullish upward spiral in spot freights in the Atlantic. Even as current spot markets stagnate around last-done rates and activity takes a breather, a strong upside remains in place for the near term with front hauls likely to shoot back into the US$ 20,000s by the end of the month, if not already next week. TARV rates are hovering in the low-middle teens of around US$ 13-14,000 daily.
Handy bulk has had a good run through the week, emerging as the only bulker sector to boast contin­ued growth and consistently bullish gains in rates both East and West. The USG, as is often the case, seems to be the primary catalyst here as front hauls to S’pore-Japan move into the middle US$ 20,000s of US$ 25,500 daily plus and as high as US$ 26,000 daily on Ultramax tonnage of 58-62,000 dwt. Niche mineral demand also appears to have returned to Southeast Asia with multiple orders for nickel ore via the Philippines pushing Supramax spot rates on Chinese redelivery into the range of US$ 13-14,000 daily. Buoyancy should persist into next week.
…read more in today’s BMTI Daily Report.

bmti-report.com

Dry Bulk Market Looking for Capesize Support in New Week
in Dry Bulk Market,International Shipping News 19/03/2018
Capesize
There were finally reports of increased Brazil activity, but still largely unconfirmed. Vale reportedly took six ships Thursday for 5 April onwards, from Tubarao to Qingdao at $14.90, with three for delivery North West Europe, and three ballasters from the East. This may provide a much-needed boost to the Atlantic market, which took a big hit on Thursday, with a cargo fixed from Ponta Da Madeira to Dunkirk West and East, at just $6.50. There were various reports suggesting the time charter equivalent, but the consensus was that it equated to under $5,000 daily.
A couple of ships were also taken from the Continent/Baltic for two to three laden legs, one 2016-built and one 2007-built, with Atlantic redelivery at rates linked to the BCI. Despite steady activity from West Australia to China, rates slipped, but, so far, were holding over $6.00. Both Rio Tinto and FMG fixed rates ranging from $6.05 to $6.15 for late March liftings. Time charter activity was limited, but sources continued to suggest that rates were around the upper $11,000 daily for BCI types, however, some were less optimistic over current rates. There has been some coal moving from East coast Australia, but, again, having little impact on rates. Despite the spot market being under pressure, period rates have been holding, with a 181,000-tonner, 2014-built, fixing from Shanghai end-March, for 12 months at $21,000 daily. A 14-year old 175,500-tonner, early April Qingdao, reportedly went for 22 to 24 months, trading at $17,250 daily.
Panamax
Despite fewer reported period trades this week, rate levels have remained solid. Charterers are still looking to take forward cover and modern Kamsarmaxes, achieving $15,000 daily, or more, for around six months employment. Transatlantic trades, in general, were steady, with premiums for INL breaching and trips into the Mediterranean. The front haul market saw an improvement, with US Gulf grains reappearing after a period of inactivity. A 2006 built Panamax fixed at $19,500 daily, delivery Cape Passero, for a trip via the US Gulf and Panama to the East. East coast South America remained active, but rate levels were date dependent. Vessels arriving 10-20 April saw better numbers than their earlier counterparts, although rates for the prompter ships were still firm. The volume of fixing in the Pacific so far this week will probably lead to a quiet slide into the weekend. However, the firm undertone remained, with a well described 77,000 deadweight, open Japan, fixing at $16,000 daily for a NoPac round voyage. There remained a shortage of early round voyage candidates, and with owners able to consider ballasting south as well, the outlook in the short term was expected to remain firm.

Kjøpte meg inn med mine siste penger i dag.. Må vel snart snu og gå over 70 igjen ??

Eneste lyspunkt er at Marshall fortsetter inndekning av short med ca 144.000 aksjer.

Dry Bulk FFA: Capesize Paper Market Sees Increased Interest for April and Q2 Periods
in Dry Bulk Market,International Shipping News 20/03/2018

Capesize FFA Commentary:
Cape paper suffered from a complete lack of lquidity yesterday which caused a slight move up on the prompt periods. Despite the fact the physical is still in decline there appears to be a healthy appetite to buy Apr & Q2 at these rates.

Panamax FFA Commentary:
It was a relatively static range bound opening to the week on Panamax paper with buyers chasing a thin offer side early on in which we saw Mar and April trading up to $13000 and $14300 highs respectively while Q2 traded up to $13900. Post index we saw some resistance form at the days and ultimately saw prompts drifting back down to the mornings opening levels.

Supramax FFA Commentary:
Supramax paper saw some improved buying on prompts yesterday with Mar and Q2 trading up to $12000 and $12900 respectively before seeing some resistance form post index. Sellers however seemed unwilling to chase it lower and despite some tight markets we saw limited activity in the afternoon session.

Handysize FFA Commentary:
Quiet day on Handy paper with no reported trading.

Source: Freight Investor Services

https://www.hellenicshippingnews.com/dry-bulk-ffa-capesize-paper-market-sees-increased-interest-for-april-and-q2-periods/

Noen som er begynt å gjøre kvalfiserte synsinger på resultatet for Q1-2018 ? 10 av capene til GOGL går på faste kontrakter til 17.400 usd pr. dag. De 32 Pan/Ultramax skpene tjener gode penger nå. Jeg tror ikke dette blir et så gæærnt kvartal selv om cape har lagget en del så langt.

Dry Bulk FFA: Capesize Index Finds Buying Support
in Dry Bulk Market,International Shipping News 21/03/2018

Capesize FFA Commentary:
Another thin days trading on Capes with most activity on the prompt months. Apr traded down to $12700 before findind significant buying support and closing just below $13k. Q2 threatened to break $15k but never did and buyers came back to that level by the end of the day. Q3 traded in line with yesterday at $17750 and Q4 held just above $22k. The deferred were particularly quiet with last done bids on Cal 19 and little real beyond.

Panamax FFA Commentary:
After initially opening firmer, with a flurry of buying seeing April and Q2 trading backup to $14250 and $14000 respectively, Panamax paper succumbed to some pressure post index. Sellers probed the bottom end of the last weeks range on prompts with April slipping to $13900 support while Q2 saw $13700 tested but unbroken, while further out levels were only marginally weaker. The overall tone remains cautious as the physical continues to flat line.

Supramax FFA Commentary:
Supramax paper opened the day on a stronger note with good bid support as Q2 was paid $12850 and the Q3 $12150. However we soon run into sellers and the market was pushed back down with Q2 trading down to $ 12550 and Q3 offered below $12000.

Handysize FFA Commentary:
Quiet day on Handy paper with no reported trading.

Source: Freight Investor Services (FIS)

https://www.hellenicshippingnews.com/dry-bulk-ffa-capesize-index-finds-buying-support/

BULK:BALTIC CAPESIZE-INDEKS +0,6% TIL USD 8.880/DAG
Oslo (TDN Direkt): Baltic capesize-indeks i dollar er opp 0,6 prosent til 8.880 dollar pr dag, ifølge The Baltic Exchange torsdag.

HH, finans@tdn.no

TDN Direkt, +47 21 95 60 70

Nå starter oppgangen.

Ja, nå starter moroa ?

Noen som vet hvor mye en 2 år gammel capesizer taper pr dag når raten ligger på $ 8900

GOGL har en cash breakeven på rundt 10000 usd pr dag på sine Caper

Dry Bulk FFA: Capesizes Pick Up Pace
in Dry Bulk Market,International Shipping News 22/03/2018

Capesize FFA Commentary:
Another thin days trading on Capes although rates largely picked up. Apr traded down to $12850 before finding significant buying support while the q234 contract changed hands a number of times at 18500 with cal 19 trading at 17300 with buyers will to repeat. Firming bunker prices have not yet led to improved voyage rates but certainly the paper market is keen to see the physical turn around. As we know the tail cannot wag the dog but it may help the dog sinking further in the mud.

Panamax FFA Commentary:
Despite some initial support which saw some small gains on the front of the curve, Panamax paper gradually eased lower on good activity. Prompts lost ave $200 with Q2 sold off to $13500 support with levels once again only marginally softer further out as the tone remains cautious.

Supramax FFA Commentary:
Supramax paper was subject to another day in which we came under pressure, leading to rates slipping a further. Q2 was trading $12650-$12500 and Q3 $11850. Index remains positive but the afternoon saw more sellers once again as bid side of the curve remained rather thin.

Handysize FFA Commentary:
Quiet day on Handy paper with no reported trading.

Source: Freight Investor Services

https://www.hellenicshippingnews.com/dry-bulk-ffa-capesizes-pick-up-pace/

Kanskje det ble med bommen på spådommen med seks dager før ratene bunnet ut? Hvem vet...

Ser bedre ut i dag også for capen:-)

FFA: Capes better from the start trading firmer Asian open and then continued support European open. Panamax and SMX both touch better on light volume.

Takker så meget for 20 000 aksjer på snitt 64,30 kr :)! Blir bra dette her tror jeg!
Nå skal folk ristet av før oppgangen kommer.

Kursmål 120 kr halvveis i år 2018.

Tipper også det kommet et kraftig rykk her i morgen. Folk ristes jo av treet som vanlig. Ekstremt kraftig støtte på 63-64 kr i denne. Siste året har kursen vært mellom 63 og 75 kr nå er det klart for videre oppgang. Brytes 75 kr skal vi langt over 100 kr.

Da kom utbytte for q4 inn på konto her. Ser fram til flere og vesentlig høyre utbetalinger videre fremover ?