x 0

Some people think Samudera has completed its run and may go down or move sideway. Some give a target price of 90c by this week and some $1.00 by this month end.
Whatever is their opinions based on weekly and daily charts Samudera share price is currently above 10, 20, 50, 100 and 200 days moving average and is going to continue to climb higher.
Stay invested.

x 0

Strong turn around after dividend could mean a lot of buy and hold going on.

Tracer63 ( Date: 13-May-2024 13:12) Posted:

Tgt 0.86, suggest book profit around 84 to 85

x 0

Tgt 0.86, suggest book profit around 84 to 85

x 0

It is moving up to reach 88cents soon.

beng1102 ( Date: 10-May-2024 15:51) Posted:

Very good! No need houthi to help any more. Still early just STRONG BUY and hold.

Rightstock ( Date: 10-May-2024 10:58) Posted:

Asia-Europe Container Trade Surging as Forwarders Warn of Capacity Crisis and Soaring Freight Rates

May 8, 2024

By Alex Lennane (The Loadstar) &ndash

Forwarders are warning customers that demand on Asia-Europe ocean trades is beginning to look a lot like the pandemic peak.

&ldquo It&rsquo s shocking&rdquo said one UK forwarder. &ldquo The speed and pace of change is phenomenal, replicating the lead-up to the peak of the pandemic.&rdquo

The forwarder warned that box lines were jettisoning FAK rate quotes when bookings are made, and contract capacity is being cut.

&ldquo It&rsquo s a nightmare. Demand is hugely high &ndash we are seeing between 10-20 % growth across our customer base year on year. Either customers are restocking, or with the longer transits around the Cape, needing an additional two-week buffer of stock in transit.

&ldquo Add to that the start of the traditional &lsquo peak season&rsquo in May, which is now &lsquo seasonalising&rsquo to the pre-pandemic model. All in all, it&rsquo s a nightmare scenario for importers at this time.&rdquo

Scan Global Logistics also warned customers that Asia westbound ocean freight levels were &ldquo surging&rdquo .

&ldquo A cocktail of continued sustained capacity demand, blank sailing programmes and a full-year outlook that offers no positive outlook on the crisis in the Red Sea has sent ocean freight rates on a rapid upward trajectory,&rdquo it said.

Scan told customers that there were &ldquo black clouds all over the horizon &ndash unless you are a container carrier&rdquo .

Container lines are busy implementing peak season surcharges and GRIs &ldquo on both long- and short-term contracts,&rdquo said Scan.

Hapag-Lloyd, MSC and CMA CGM have all announced increased ocean freight tariffs between the Far East and Europe, two from mid-May.

But the UK forwarder revealed: &ldquo Carriers are putting rates out &ndash and then withdrawing them because they have already been replaced with higher levels.

&ldquo FAK and spot facilities and mechanisms for most shipping lines are now closed until June, or later &ndash so you can&rsquo t make a booking even if you are willing to pay higher prices.&rdquo

He added that unrelated lanes were now being affected too: &ldquo For instance, the Asia-LatAm rates are now $9,000-$10,000 per 40ft, and capacity is being diverted to that more profitable route.&rdquo

Rate levels in contract and spot are also starting to diverge.

Scan Global said: &ldquo This being reminiscent of rate development during Covid, we have a situation where long-term contracted rate levels and short-term rate levels are far apart.

&ldquo In some instances, short- and long-term rates can vary by more than $3,000 per 40ft DC on the same trade. As an added comment, carriers are increasingly opting to prioritise and load higher revenue cargo in an attempt, to mitigate bleak financial results posted in Q4 23 and, to a certain extent, mediocre results in Q1 24.&rdquo

Part of the problem also lies with a shortage of containers. A Container Xchange customer said yesterday that, despite depots not facing significant pressure from inventory levels, container prices were &ldquo continuously climbing, adjusting roughly every 48 hours&rdquo .

&ldquo This increase largely stems from uncertainty related to the Red Sea situation, as well as suppliers and sellers looking to hedge their risks. We&rsquo ve seen prices for a 40ft (cargo worthy) container jump from $2,200-$2,300 in April to $2,500-$2,700 currently.&rdquo

It added that the diversions around the Cape of Good hope had likely absorbed &ldquo a significant number&rdquo of boxes, while others were &ldquo stranded in network locations&rdquo .

&ldquo Shipping these containers out may not be economically feasible, due to factors such as high transportation costs, inexpensive storage at the location, or the containers nearing the end of their operational life.&rdquo

Scan Global asked for &ldquo understanding&rdquo from customers, and said it expected the situation to continue through May.

The UK forwarder added: &ldquo This is affecting the whole of the Far East inbound. The new tonnage is not making a dent, or being deployed as repositioning resource for containers &ndash so that&rsquo s not assisting.

&ldquo This is just the start, or near start, of an explosion in capacity shortages and ocean heading further north at a quicker rate &ndash even pay-to-play may not be able to save the day on this occasion.&rdquo

But he said demand would likely sink as fast as it grew.

&ldquo After the October Chinese Golden Week, the market will fall quicker than it climbed, I suspect.&rdquo

x 0

Bearish this counter

x 0

Percentage gain of selected shipping stocks at this morning closing in US and Europe.

Hapag Lloyd up 4.13%
AP Moeller Maersk up 5.87%
Zim shipping up 8.31%

x 0

Hapag Llyod is currently up 3.56%.

Rightstock ( Date: 10-May-2024 15:04) Posted:

Percentage gain of some shipping stocks today at closing in Japan, Korea and Taiwan.

K Line up 6.21%
Mitsui OSK 3.18%
Nippon Yusen up 4.94%

HMM up 6.01%
Pan Ocean up 3.66%

Evergreen up 9.01%
Wan Hai up 10.00%
Yang Ming up 9.98%

Rightstock ( Date: 10-May-2024 11:06) Posted:

Current share price

Cosco Shipping HK 4.34%
Evergreen Marine 9.30%
Wan Hai Lines 10.00%
Yang MingMarine up 9.98%

x 0

Touched my target... Out first and buy back next week. Cheers to all longists and great weekend :):)

Stocky901 ( Date: 08-May-2024 15:27) Posted:

Agreed. 0.765 seems a very strong support.. buying keeps stacking up.. 🤫

trader1970 ( Date: 08-May-2024 13:17) Posted:

76.5 must hold and good point to collect.... If it can reverse well, can expect 82 by early next week..

x 0

Wow still strong, can up tgt to 0.835 to 0.84

Tracer63 ( Date: 10-May-2024 16:19) Posted:

Closing 0.82?

x 0

Closing 0.82?

x 0

Very good! No need houthi to help any more. Still early just STRONG BUY and hold.

Rightstock ( Date: 10-May-2024 10:58) Posted:

Asia-Europe Container Trade Surging as Forwarders Warn of Capacity Crisis and Soaring Freight Rates

May 8, 2024

By Alex Lennane (The Loadstar) &ndash

Forwarders are warning customers that demand on Asia-Europe ocean trades is beginning to look a lot like the pandemic peak.

&ldquo It&rsquo s shocking&rdquo said one UK forwarder. &ldquo The speed and pace of change is phenomenal, replicating the lead-up to the peak of the pandemic.&rdquo

The forwarder warned that box lines were jettisoning FAK rate quotes when bookings are made, and contract capacity is being cut.

&ldquo It&rsquo s a nightmare. Demand is hugely high &ndash we are seeing between 10-20 % growth across our customer base year on year. Either customers are restocking, or with the longer transits around the Cape, needing an additional two-week buffer of stock in transit.

&ldquo Add to that the start of the traditional &lsquo peak season&rsquo in May, which is now &lsquo seasonalising&rsquo to the pre-pandemic model. All in all, it&rsquo s a nightmare scenario for importers at this time.&rdquo

Scan Global Logistics also warned customers that Asia westbound ocean freight levels were &ldquo surging&rdquo .

&ldquo A cocktail of continued sustained capacity demand, blank sailing programmes and a full-year outlook that offers no positive outlook on the crisis in the Red Sea has sent ocean freight rates on a rapid upward trajectory,&rdquo it said.

Scan told customers that there were &ldquo black clouds all over the horizon &ndash unless you are a container carrier&rdquo .

Container lines are busy implementing peak season surcharges and GRIs &ldquo on both long- and short-term contracts,&rdquo said Scan.

Hapag-Lloyd, MSC and CMA CGM have all announced increased ocean freight tariffs between the Far East and Europe, two from mid-May.

But the UK forwarder revealed: &ldquo Carriers are putting rates out &ndash and then withdrawing them because they have already been replaced with higher levels.

&ldquo FAK and spot facilities and mechanisms for most shipping lines are now closed until June, or later &ndash so you can&rsquo t make a booking even if you are willing to pay higher prices.&rdquo

He added that unrelated lanes were now being affected too: &ldquo For instance, the Asia-LatAm rates are now $9,000-$10,000 per 40ft, and capacity is being diverted to that more profitable route.&rdquo

Rate levels in contract and spot are also starting to diverge.

Scan Global said: &ldquo This being reminiscent of rate development during Covid, we have a situation where long-term contracted rate levels and short-term rate levels are far apart.

&ldquo In some instances, short- and long-term rates can vary by more than $3,000 per 40ft DC on the same trade. As an added comment, carriers are increasingly opting to prioritise and load higher revenue cargo in an attempt, to mitigate bleak financial results posted in Q4 23 and, to a certain extent, mediocre results in Q1 24.&rdquo

Part of the problem also lies with a shortage of containers. A Container Xchange customer said yesterday that, despite depots not facing significant pressure from inventory levels, container prices were &ldquo continuously climbing, adjusting roughly every 48 hours&rdquo .

&ldquo This increase largely stems from uncertainty related to the Red Sea situation, as well as suppliers and sellers looking to hedge their risks. We&rsquo ve seen prices for a 40ft (cargo worthy) container jump from $2,200-$2,300 in April to $2,500-$2,700 currently.&rdquo

It added that the diversions around the Cape of Good hope had likely absorbed &ldquo a significant number&rdquo of boxes, while others were &ldquo stranded in network locations&rdquo .

&ldquo Shipping these containers out may not be economically feasible, due to factors such as high transportation costs, inexpensive storage at the location, or the containers nearing the end of their operational life.&rdquo

Scan Global asked for &ldquo understanding&rdquo from customers, and said it expected the situation to continue through May.

The UK forwarder added: &ldquo This is affecting the whole of the Far East inbound. The new tonnage is not making a dent, or being deployed as repositioning resource for containers &ndash so that&rsquo s not assisting.

&ldquo This is just the start, or near start, of an explosion in capacity shortages and ocean heading further north at a quicker rate &ndash even pay-to-play may not be able to save the day on this occasion.&rdquo

But he said demand would likely sink as fast as it grew.

&ldquo After the October Chinese Golden Week, the market will fall quicker than it climbed, I suspect.&rdquo

x 0

i am out at 81.. good few days ride.. huats to the rest still on board!

x 0

Percentage gain of some shipping stocks today at closing in Japan, Korea and Taiwan.

K Line up 6.21%
Mitsui OSK 3.18%
Nippon Yusen up 4.94%

HMM up 6.01%
Pan Ocean up 3.66%

Evergreen up 9.01%
Wan Hai up 10.00%
Yang Ming up 9.98%

Rightstock ( Date: 10-May-2024 11:06) Posted:

Current share price

Cosco Shipping HK 4.34%
Evergreen Marine 9.30%
Wan Hai Lines 10.00%
Yang MingMarine up 9.98%

x 0

Current share price

Cosco Shipping HK 4.34%
Evergreen Marine 9.30%
Wan Hai Lines 10.00%
Yang MingMarine up 9.98%

x 0

Asia-Europe Container Trade Surging as Forwarders Warn of Capacity Crisis and Soaring Freight Rates

May 8, 2024

By Alex Lennane (The Loadstar) &ndash

Forwarders are warning customers that demand on Asia-Europe ocean trades is beginning to look a lot like the pandemic peak.

&ldquo It&rsquo s shocking&rdquo said one UK forwarder. &ldquo The speed and pace of change is phenomenal, replicating the lead-up to the peak of the pandemic.&rdquo

The forwarder warned that box lines were jettisoning FAK rate quotes when bookings are made, and contract capacity is being cut.

&ldquo It&rsquo s a nightmare. Demand is hugely high &ndash we are seeing between 10-20 % growth across our customer base year on year. Either customers are restocking, or with the longer transits around the Cape, needing an additional two-week buffer of stock in transit.

&ldquo Add to that the start of the traditional &lsquo peak season&rsquo in May, which is now &lsquo seasonalising&rsquo to the pre-pandemic model. All in all, it&rsquo s a nightmare scenario for importers at this time.&rdquo

Scan Global Logistics also warned customers that Asia westbound ocean freight levels were &ldquo surging&rdquo .

&ldquo A cocktail of continued sustained capacity demand, blank sailing programmes and a full-year outlook that offers no positive outlook on the crisis in the Red Sea has sent ocean freight rates on a rapid upward trajectory,&rdquo it said.

Scan told customers that there were &ldquo black clouds all over the horizon &ndash unless you are a container carrier&rdquo .

Container lines are busy implementing peak season surcharges and GRIs &ldquo on both long- and short-term contracts,&rdquo said Scan.

Hapag-Lloyd, MSC and CMA CGM have all announced increased ocean freight tariffs between the Far East and Europe, two from mid-May.

But the UK forwarder revealed: &ldquo Carriers are putting rates out &ndash and then withdrawing them because they have already been replaced with higher levels.

&ldquo FAK and spot facilities and mechanisms for most shipping lines are now closed until June, or later &ndash so you can&rsquo t make a booking even if you are willing to pay higher prices.&rdquo

He added that unrelated lanes were now being affected too: &ldquo For instance, the Asia-LatAm rates are now $9,000-$10,000 per 40ft, and capacity is being diverted to that more profitable route.&rdquo

Rate levels in contract and spot are also starting to diverge.

Scan Global said: &ldquo This being reminiscent of rate development during Covid, we have a situation where long-term contracted rate levels and short-term rate levels are far apart.

&ldquo In some instances, short- and long-term rates can vary by more than $3,000 per 40ft DC on the same trade. As an added comment, carriers are increasingly opting to prioritise and load higher revenue cargo in an attempt, to mitigate bleak financial results posted in Q4 23 and, to a certain extent, mediocre results in Q1 24.&rdquo

Part of the problem also lies with a shortage of containers. A Container Xchange customer said yesterday that, despite depots not facing significant pressure from inventory levels, container prices were &ldquo continuously climbing, adjusting roughly every 48 hours&rdquo .

&ldquo This increase largely stems from uncertainty related to the Red Sea situation, as well as suppliers and sellers looking to hedge their risks. We&rsquo ve seen prices for a 40ft (cargo worthy) container jump from $2,200-$2,300 in April to $2,500-$2,700 currently.&rdquo

It added that the diversions around the Cape of Good hope had likely absorbed &ldquo a significant number&rdquo of boxes, while others were &ldquo stranded in network locations&rdquo .

&ldquo Shipping these containers out may not be economically feasible, due to factors such as high transportation costs, inexpensive storage at the location, or the containers nearing the end of their operational life.&rdquo

Scan Global asked for &ldquo understanding&rdquo from customers, and said it expected the situation to continue through May.

The UK forwarder added: &ldquo This is affecting the whole of the Far East inbound. The new tonnage is not making a dent, or being deployed as repositioning resource for containers &ndash so that&rsquo s not assisting.

&ldquo This is just the start, or near start, of an explosion in capacity shortages and ocean heading further north at a quicker rate &ndash even pay-to-play may not be able to save the day on this occasion.&rdquo

But he said demand would likely sink as fast as it grew.

&ldquo After the October Chinese Golden Week, the market will fall quicker than it climbed, I suspect.&rdquo

x 0

SBB starting soon??

x 0

You kena forced sellings.?. 🤐

wehuattogether88 ( Date: 09-May-2024 10:42) Posted:

Might drop back to 60 series.

x 0

Might drop back to 60 series.

x 0

That is a significant number of shares.

Company should then do a buy-back esp. when they have cash.

Enhance overall shareholder return

Tracer63 ( Date: 08-May-2024 16:54) Posted:

10% Buy back share maximum mandate is equivalent to 53.8 million shares

moron101 ( Date: 07-May-2024 14:48) Posted:

I think if price drops too much, company may buy back shares also. They just announced share-buy-back mandate has been renewed.

x 0

10% Buy back share maximum mandate is equivalent to 53.8 million shares

moron101 ( Date: 07-May-2024 14:48) Posted:

I think if price drops too much, company may buy back shares also. They just announced share-buy-back mandate has been renewed.