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falling knife
60cents broken..... 65cents by end of the week?
wow, this stock decided to wake up today!!
can we see 60cents by mid this week?
can we see 60cents by mid this week?
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[https://www.businesstimes.com.sg/transport/container-ship-traffic-jam-in-southeast-asia-worst-since-april
HONG KONG] Typhoon Kompasu has resulted in the worst container shipping traffic jam in months, one that now stretches throughout Southeast Asia and may take weeks to unravel.
Although port operations are largely back to normal in Shenzhen and Hong Kong after the tropical storm' s passing, the total container ship count off the two vital hubs had ballooned to 271 as of early Friday, the highest count recorded since Bloomberg News started tracking the data in April.
At least 109 ships were meanwhile reported as anchored and waiting to enter the ports, up from 67 on Thursday.
" The supply chain is very stretched, with no buffer, so any little event will cause another big problem," James Teo, an analyst at Bloomberg Intelligence, said. " There are too many choke points." Teo expects port congestion will likely continue until at least the Lunar New Year holiday, which next falls on Feb 1.
The storm, which is now bearing down on Vietnam, has also scattered ships out of Haiphong, that country' s third largest container port. Further down the coastline, waiting container ships off Singapore reached their highest since July 21, when Typhoon In-fa battered Shanghai and similarly snarled the region' s supply chain.
PSA Corp, which operates Singapore' s container terminals, said it' s working with shipping line customers to help them catch up on their delayed schedules and meet cargo connections.
" The global supply chain disruption is likely to continue for the foreseeable future and PSA will continue to ensure the adequate deployment of resources," the terminal operator said in an emailed statement.
The impact of typhoons in Asia has rippled through the global supply chain, similar to the effect of hurricanes in the Gulf of Mexico that have caused logjams in the world' s largest economies.
US President Joe Biden announced Wednesday that the Port of Los Angeles will now operate 24 hours a day to help smooth out kinks.
Congestion off America' s largest container port remains elevated, Bloomberg-compiled data show, but has eased to be 2.9 per cent above the median observed by from April to October.
BLOOMBERG
Last:0.575 
+0.02
just noticed this counter
container shortage, vessel space tightness
technically oversold
conviction buy
gd luck dyodd
+0.02just noticed this counter
container shortage, vessel space tightness
technically oversold
conviction buy
gd luck dyodd
The Baltic Exchange Dry Index extended gains to a fifth straight session, rising 0.1% to 5,650 on Thursday, its highest since September of 2008, amid sustained demand for capesize vessels. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, increased 0.1% to 10,485, a more than 13-year high, supported by robust demand and ongoing pandemic-related constraints, in particular congestion in China. Meanwhile, the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, fell 0.5% to 3,884, its lowest in three weeks. Among smaller vessels, the supramax index rose 16 points points to 3,404, its highest in over one month. . source: Baltic Exchange
Freight will get higher as year end nearing.
Load and cheers.
ccakg88 ( Date: 07-Oct-2021 17:48) Posted:
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The Baltic Exchange Dry Index extended gains to a fourth straight session, rising 4.4% to 5,647 on Wednesday, its highest level since September of 2008, amid sustained demand for capesize vessels. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, jumped 7.4% to 10,475, for the first time in more than 13 years, supported by robust demand and ongoing pandemic-related constraints, in particular congestion in China. Meanwhile, the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, fell 0.4% to 3,903, its lowest in almost three weeks. Among smaller vessels, the supramax index rose 6 points to 3,382. . source: Baltic Exchange
Will join in when hit 4 plus
DuplexCH ( Date: 06-Oct-2021 15:58) Posted:
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dropping..
Samudera ( Date: 06-Oct-2021 10:49) Posted:
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The Baltic Exchange Dry Index extended gains to a third straight session, rising 2.7% to 5,409 on Tuesday, its highest level since September of 2008, helped by sustained demand for capesize vessels. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, jumped 5% to 9,752, also hitting a 13-year peak, mainly linked to ongoing pandemic-related constraints, in particular congestion in China, along with increased coal imports and high iron ore exports. Meanwhile, the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, fell 1.1% to 3,918, its lowest in over two weeks. Among smaller vessels, the supramax index rose 1 point to 3,382. . source: Baltic Exchange
Good observation..and good luck to those short. Will be a stellar result this year.
Samudera ( Date: 06-Oct-2021 10:49) Posted:
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If you notice the trades....someone is obviously trying to make the share price goes/looks lower. To cover their shorts? I doubt so because it is very risky to short this counter because of its earnings this year. My guess is someone is hoping that share price will fall significantly so that they can accumulate
Can we see 60cts soon?
ccakg88 ( Date: 05-Oct-2021 16:11) Posted:
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The Baltic Exchange Dry Index extended gains to a second straight session, rising 1.3% to 5,267 on Monday, its highest level since September of 2008, amid strength in capesize vessel segment. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, advanced 2.5% to 9,289, also scaling a 13-year peak, amid ongoing pandemic-related constraints, in particular congestion in China, along with increased coal imports and high iron ore exports. Meanwhile, the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, fell 0.8% to 3,961, its lowest in almost two weeks. Among smaller vessels, the supramax index dropped 2 points to 3,381. . source: Baltic Exchange
Hmm....Chiong Ahhhh
The vessel is leaving the 60cts port..
https://www.hellenicshippingnews.com/baltic-index-rises-as-smaller-vessels-gain/
Baltic index rises as smaller vessels gain
in Dry Bulk Market,International Shipping News 16/09/2021
As disruption on the Australia-China coal trade enters its second year, new matches are being made between buyers and sellers, said BIMCO&rsquo s chief shipping analyst Peter Sand in a note.
These changes fit into the wider picture of a strong dry bulk market influenced by congestions, particularly in Asia, soaking up tonnage and pushing freight rates upwards, he added.
Factors including an overall strong rebound in demand for commodities, congestion in ports, especially in China, and global shipping constraints pushed the main dry bulk index to an 11-year peak....
The Baltic Exchange Dry Index rose 1.4% to 4,221 on Tuesday, its highest in more than two weeks and extending gains to a fourth straight session, amid higher rates across vessel segments. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, increased 1.5% to 6,474, its highest since March 2009 as the demand for raw commodities remains strong. Meanwhile, the Panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains advanced 1.7% to 3,756, extending gains to a fourth straight session and the Supramax index which tracks small vessels rose for the second straight session by 30 points to 3,210. . source: Baltic Exchange
https://www.dailymail.co.uk/news/article-9973485/ANOTHER-vessel-runs-aground-Suez-canal-refloated-nearly-six-months-Given.html?ito=social-facebook