China and India have to import more coal to replenish their low stock levels. Their domestic coal outputs are not enough to meet demands. This sudden high volume imports would fuel the demands of Capsize and Panamax bulk carriers at least for the next few months.
better benchmark is BPI instead of BDI or BCI... Recent uplift of BDI is mainly come from capesize and maybulk do not have capesize vessel. Be optimistic but not too overly optimistic. If not, may harm you more than good.
How i wish MBC releases her Q3 scorecard now instead of 3rd week November. The Logistics sentiments play is roaring Hot and Spicy NOW. Who knows what will be in store in November. Off course notwithstanding the BDI, BCI, BSI and BHI will keep soaring banking on the legacy of strongest Q4 for All Sea freighters.
Anyway, hopefully all are within the expected and calculated profit margins as tabulated, extrapolated many many times a go. Then the another Limit Up for her taking cues from her predecessor Harbour and Freight. Good luck All including myself. Godspeed
pang72 famous for DELETING all his posts after his stocks pomcheeetttttt lol Luckily I hv superb memory :) No integrity nor honesty la this pang72...better run with his b@bi tail between his hoofs lol
Now profit taking… entry price is quite risky now…. just wait patiently i also sold mine earlier. As long as profit. Wait till price cheaper 0.74 is good to hold… but dont go all in. Who know will drop more…. Then can average and hold it…
The Baltic Exchange Dry Index extended losses for the second straight session, falling 0.7% to 5,488 on Monday, but still close to a 13-year high. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, decreased 1.4% to 9,975, but held close to its highest level since 2008; while the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, rose 0.3% to 3,877, snapping a losing streak of seven straight sessions. Among smaller vessels, the supramax index rose 14 points to 3,431, its highest in over a month
If we look at historical oil price, 2010-2013 oil remains sky high at 80-110usd, yet logistics companies even maybulk’s profits, maintain at high level. Unlike fnb vs cpo, this sector can successfully pass on cost to their customers
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ChrisMz
706 posts
Posted by ChrisMz > 2021-10-05 15:34 | Report Abuse
up a bit then kena slap down. rip