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SamuderaShipping
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Continuing the journey
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trader1970
Elite |
16-Jan-2024 10:29
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Yemen' s Houthis threaten to hit US ships as more tankers steer clear 
Published Jan 15, 2024 07:01AM ET  Updated Jan 15, 2024 07:31PM ET
By Hatem Maher and Muhammad Al Gebaly (Reuters) -Yemen' s Houthi movement will expand its targets in the Red Sea region to include U.S. ships, an official from the Iran-allied group said on Monday, as it vowed to keep up attacks after U.S. and British strikes on its sites in Yemen. Attacks by the Houthis on ships in area since November have impacted companies and alarmed major powers in an escalation of Israel' s more than three-month war with Hamas militants in Gaza. The group says it is acting in solidarity with Palestinians. British and American ships had become " legitimate targets" due to the strikes launched by the two countries on Yemen last week, Nasruldeen Amer, a spokesperson for the Houthis, told Al Jazeera. " The ship doesn' t necessarily have to be heading to Israel for us to target it. It is enough for it to be American," Amer said. " The United States is on the verge of losing its maritime security." The Houthis previously said they would only target Israeli ships or those en route to Israel. In the latest apparent attack, the U.S Central Command said Houthi forces in Yemen struck the U.S.-owned and operated dry bulk ship Gibraltar Eagle with an anti-ship ballistic missile on Monday, although there were no reports of injuries or significant damage. The vessel' s U.S.-based operator Eagle Bulk Shipping (NYSE:EGLE) said it was hit by an " unidentified projectile" while sailing 100 miles (160 km) off the Gulf of Aden. The attack caused a fire in a hold of the vessel, which was carrying steel products, but no injuries, and the ship was continuing on its way, it said. Earlier in the day, British Maritime Security firm Ambrey said a Marshall Islands-flagged, U.S.-owned bulk carrier was reportedly struck by a missile while transiting near Yemen' s port of Aden. The vessel was assessed not to be Israel-affiliated, according to Ambrey, which also assessed the attack to have targeted U.S. interests in response to the recent strikes on Houthi military positions. The latest attack suggests that despite the U.S. strikes, the Houthis appear undeterred. Later on Monday an explosion was heard near Yemen' s Hodeidah airport, residents reported. Hodeidah is some distance from Aden, however, and it was not immediately clear what had caused the blast. Container vessels have been pausing or diverting from the Red Sea that leads to the Suez Canal, the fastest freight route from Asia to Europe. Many ships have been forced to take the longer route via the Cape of Good Hope instead. Ship-tracking data on Monday showed at least 15 tankers altering course in response to the escalating conflict. LNG TANKERS QatarEnergy, the world' s second-largest exporter of liquefied  natural gas, has joined those avoiding the Red Sea, a senior source with direct knowledge of the matter told Reuters. Qatar' s Al Ghariya, Al Huwaila and Al Nuaman LNG tankers loaded at Ras Laffan and were heading to the Suez Canal but stopped in Oman on Jan. 14, LSEG ship-tracking data showed. The Al Rekayyat, which was sailing back to Qatar, stopped in the Red Sea on Jan. 13. " It is a pause to get security advice, if passing (through the) Red Sea remains unsafe we will go via the Cape," the source told Reuters regarding QatarEnergy. The Qatari government and QatarEnergy did not immediately respond to requests for comment. About 12% of world shipping traffic transits the Suez Canal via the Red Sea. The longer route round Africa' s Cape of Good Hope, which various shipping firms have opted for, can add about nine days to the normally 18-day trip from Qatar to northwest Europe. The Houthis have been at war with a Saudi-led coalition in Yemen for years, but have turned their sights on the sea to show support for Palestinian group Hamas. On Sunday, the United States said its fighter aircraft had shot down an anti-ship cruise missile fired by the militants toward a U.S. destroyer. No injuries or damage were reported, it said on X. U.S. ally Britain said it had no desire to be involved in Red Sea conflict but was committed to protecting free navigation. " Let' s wait and see what happens," Defence Secretary Grant Shapps told Sky News on Monday regarding potential further strikes on Houthi sites. China also called for an end to attacks on civilian vessels in the Red Sea that have placed Beijing' s commercial interests at risk. SUPPLIES AFFECTED With vessels pausing or diverting, some supply lines are being affected.   Carmaker Suzuki on Monday said it was halting production at its Esztergom plant in Hungary until Jan. 21 as the Red Sea attacks had delayed the arrival of Japanese-made engines. In energy markets, however, the impact was limited. European benchmark gas prices were lower in afternoon trade on Monday, LSEG data showed, while oil prices lost roughly 1% as the conflict' s limited impact on crude output prompted profit taking after oil benchmarks gained 2% last week. [O/R]
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muifan
Supreme |
16-Jan-2024 10:28
Yells: "Take the leap of faith dont regret 20 years later!" |
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Wow break out ? | ||||
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muifan
Supreme |
16-Jan-2024 10:19
Yells: "Take the leap of faith dont regret 20 years later!" |
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Usa ships kana hit?
High chance escalate ? |
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trader1970
Elite |
16-Jan-2024 10:18
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Consolidated for one week and time to BO to immediate target 80.... :):)
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beng1102
Elite |
16-Jan-2024 10:14
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Market is boring and just play this counter as it is in the news.  Red attack escalated.
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Alignment
Elite |
13-Jan-2024 17:23
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If you look at the constituency of this index, 80% is what I would characterise as long haul, which as I and a few other posters have pointed out is not relevant for Samudera. Also, this 80% is what is responsible for the increase in the index since mid Dec. It would therefore be incorrect to extrapolate the performance of this index to the performance for Samudera. | ||||
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muifan
Supreme |
13-Jan-2024 13:31
Yells: "Take the leap of faith dont regret 20 years later!" |
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The benchmark Shanghai Containerized Freight Index was up over 16 per cent week-on-week to 2,206 points on Jan 12. The index, which measures non-contract &ldquo spot&rdquo rates for container shipments out of China&rsquo s ports, has gained 114 per cent since mid-December. | ||||
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beng1102
Elite |
12-Jan-2024 23:01
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Spike globally? That is enough reason for BB to bump.
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trader1970
Elite |
12-Jan-2024 22:28
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Red Sea crisis could jeopardize inflation fight as shipping costs spike globally
PUBLISHED THU, JAN 11 202410:25 AM ESTUPDATED THU, JAN 11 2024AT 1:32 EST thumbnail Spencer Kimball @SPENCEKIMBALL https://www.cnbc.com/2024/01/11/red-sea-crisis-could-jeopardize-inflation-fight-as-shipping-costs-spike-globally.html |
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petson
Master |
12-Jan-2024 13:17
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red sea ships may suffer a  longer turnaround time and affecting asia as they port call as well affecting capacity | ||||
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beng1102
Elite |
12-Jan-2024 12:28
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If u see oil is up due to Red Sea situation and u know who is behind could benefit from oil price, U know it it unlikely to stop any time soon.  This is now news driven and bad news means good news.    https://www.cnbc.com/2024/01/12/oil-prices-jump-as-us-britain-strike-on-houthis-in-yemen.html
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chiachiawee
Elite |
12-Jan-2024 12:13
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In the past, I traded based on fundamentals. I found that as much as fundamentals prevail, there needs to be incidents, and topics to steer the movement otherwise they simply wont move. As that is the substance. You need technical, fundamental, topics, everything to make thing works. Long story short, investing is an art. A truly beautiful art. Cheers. | ||||
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RL16EGG
Veteran |
12-Jan-2024 12:09
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As long as the red sea incident continues, the pump and dump will continue. In terms of fundamentals, the metrics not realistic because of 2020, 2021 exceptional boom. Good luck |
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chiachiawee
Elite |
12-Jan-2024 11:46
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Dont get me wrong. Im referring to those who always blame ppl or need ppl to spoon feed but ultimately still blame ppl. Big no no in investment. Need to learn by hardway and one will get smart. cheers.
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TraderBen
Supreme |
12-Jan-2024 11:44
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kthxbye
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Alignment
Elite |
12-Jan-2024 11:43
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Agree - lots of different ways to make money in stock market. Ultimately the only thing that matters is your long term P& L. | ||||
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chiachiawee
Elite |
12-Jan-2024 11:38
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Nope, don' t need ppl to say right or wrong. Everyone owns up to their decision in investment. No obligation to tell people when to in and when to out. No spoon feeding. Cheers.
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beng1102
Elite |
12-Jan-2024 11:38
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Frankly, at this price people should just buy as this is news driven.
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beng1102
Elite |
12-Jan-2024 10:28
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Selling has been impressive but I think it can' t stop the inevitable.
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trader1970
Elite |
12-Jan-2024 06:57
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WORLD NEWS
Iran seizes oil tanker involved in U.S. dispute off coast of Oman PUBLISHED THU, JAN 11 20247:24 AM ESTUPDATED 12 MIN AGO https://www.cnbc.com/2024/01/11/ship-hijacked-in-gulf-of-oman-changes-course-for-iran-waters.html
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