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Pushing cross 170 next...
Could the following 👇 means that demand for logistics and storage here and the region will be overwhelmed as the transport lead or turnaround time has reduced ? If so, means this little darling ll be reporting better than expected performance for the next coming quarter or so.. no wonder the big buy up last week. WATCH&hellip :)
Ships diverted from Red Sea send ripple effects across the globe
Bloomberg
Sun, Jun 02, 2024 &bull 11:37 PM GMT+08 &bull 5 min read
Ships diverted from Red Sea send ripple effects across the globe
Nearly six months into the Houthis&rsquo relentless campaign to protest Israel&rsquo s war in Gaza, the economic fallout is widening.
That stark point was underscored last week by Maximilian Hess, a principal at London-based Enmetena Advisory, a political risk consultancy. Speaking to a webinar of supply-chain managers, he showed a slide of a canoe-size naval drone and said such jury-rigged weapons have the ability to redirect world trade.
&ldquo Nowhere is this more clear than in the conflict in the Red Sea,&rdquo Hess said, referring to attacks launched from Yemen toward commercial ships trying to use the Suez Canal.
Nearly six months into the Houthis&rsquo relentless campaign to protest Israel&rsquo s war in Gaza, the economic fallout is widening. As ships sail around Africa&rsquo s Cape of Good Hope, their unpredictable schedules are clogging major Asian ports, creating shortages of empty containers in some places and pileups in others. Delivery times to the US and Europe are getting longer, and freight rates are surging.
The blame rests on several factors as the charts show below &mdash including solid demand for goods in the US. But the latest bout of trade turmoil largely stems from the Red Sea diversions. Sea-Intelligence, a Copenhagen-based maritime data and advisory firm, recently calculated that rerouting increased the average minimum transit time by almost 40% to the Mediterranean from Asia, and by 15% to northern Europe.
The ricochet effect of ships circling back to Asia &mdash now knocked off their timetables &mdash is contributing to bottlenecks in ports like China&rsquo s Shanghai-Ningbo and Singapore. Jebel Ali in the United Arab Emirates is having congestion issues, too, because of its proximity to the Red Sea and because it&rsquo s a major trans-shipment hub for freight moving through Dubai on both ocean and air carriers.
See also: Temasek hunts for domestic bets with geopolitical tension rising
Fr
Singapore, home to the world&rsquo s second-biggest container port, issued a statement last week explaining how it&rsquo s experienced a significant increase in arrivals since the start of 2024, leading to an 8.8% rise in container volumes in January through April from a year earlier. Waits for some vessels are two to three days, the port authority said.
See also: Biden adds tariffs on Chinese chips, critical minerals, EVs
&ldquo The situation is expected to worsen due to the increase in off-schedule vessel arrivals and very high yard utilization,&rdquo Tan Hua Joo, a container market analyst at Linerlytica, said in an email on Friday.
As ships spend more time at anchor and face extended journeys, supply chain managers paying for those services feel compelled to place orders further in advance, worrying some into buying more than they might need. The share of container ships arriving on time has slumped to about 52%, retracing much of last year&rsquo s improvement from pandemic-era lows of about 30% from early 2022, according to Sea-Intelligence.
Delivery times are particularly slow for goods travelling to Europe and the US East Coast from China &mdash because most of the ships on these routes are avoiding the shortcut through the Suez Canal.
On the demand side, the US economy is adding a strong pull, as import volumes through the Port of Los Angeles showed during the first four months of the year. An early read on May volumes through the nation&rsquo s busiest port shows the momentum is continuing &mdash with three of the past four weeks coming in higher than year-earlier levels.
The supply-demand imbalance is happening at least a month before peak shipping season from July to September. That&rsquo s when retailers stock shelves for back-to-school sales and year-end holidays, placing large orders from their Asian suppliers. It&rsquo s not quite pandemic-level panic level yet, but some analysts say a situation like this can feed on itself when geopolitical risks and tariff threats are so pervasive.
&ldquo As more shippers start a peak season early, they create a capacity shortage and rates go up, causing other shippers to join the early stampede,&rdquo said Lars Jensen, a shipping analyst and founder of Copenhagen-based Vespucci Maritime. In process, they&rsquo re &ldquo creating the crunch they hope to avoid,&rdquo he said.
Spot shipping rates have responded by going up sharply.
A much costlier mode of transportation &mdash air cargo &mdash is also seeing the effects on specific routes as demand increases. Trine Nielsen, senior director and head of ocean EMEA at the logistics tech company Flexport Inc., said that suggests some cargo owners &ldquo expect the peak to sustain longer.&rdquo
Rogier Blocq, director of product development at Amsterdam-based WorldACD, said air cargo rates from the Persian Gulf and South Asia into Europe were up almost 80% in May versus a year earlier. That stood out from the average global rate increase of about 3% over the same period.
Just how long it will take for the interconnected system to return to balance is anyone&rsquo s guess, according to Rolf Habben Jansen, chief executive of Hamburg, Germany-based Hapag-Lloyd AG, the world&rsquo s No. 5 container carrier.
&ldquo It could still last for another couple of months if the Red Sea situation doesn&rsquo t improve,&rdquo he said in an interview last week on Bloomberg Television.
Ships diverted from Red Sea send ripple effects across the globe
Bloomberg
Sun, Jun 02, 2024 &bull 11:37 PM GMT+08 &bull 5 min read
Ships diverted from Red Sea send ripple effects across the globe
Nearly six months into the Houthis&rsquo relentless campaign to protest Israel&rsquo s war in Gaza, the economic fallout is widening.
That stark point was underscored last week by Maximilian Hess, a principal at London-based Enmetena Advisory, a political risk consultancy. Speaking to a webinar of supply-chain managers, he showed a slide of a canoe-size naval drone and said such jury-rigged weapons have the ability to redirect world trade.
&ldquo Nowhere is this more clear than in the conflict in the Red Sea,&rdquo Hess said, referring to attacks launched from Yemen toward commercial ships trying to use the Suez Canal.
Nearly six months into the Houthis&rsquo relentless campaign to protest Israel&rsquo s war in Gaza, the economic fallout is widening. As ships sail around Africa&rsquo s Cape of Good Hope, their unpredictable schedules are clogging major Asian ports, creating shortages of empty containers in some places and pileups in others. Delivery times to the US and Europe are getting longer, and freight rates are surging.
The blame rests on several factors as the charts show below &mdash including solid demand for goods in the US. But the latest bout of trade turmoil largely stems from the Red Sea diversions. Sea-Intelligence, a Copenhagen-based maritime data and advisory firm, recently calculated that rerouting increased the average minimum transit time by almost 40% to the Mediterranean from Asia, and by 15% to northern Europe.
The ricochet effect of ships circling back to Asia &mdash now knocked off their timetables &mdash is contributing to bottlenecks in ports like China&rsquo s Shanghai-Ningbo and Singapore. Jebel Ali in the United Arab Emirates is having congestion issues, too, because of its proximity to the Red Sea and because it&rsquo s a major trans-shipment hub for freight moving through Dubai on both ocean and air carriers.
See also: Temasek hunts for domestic bets with geopolitical tension rising
Fr
Singapore, home to the world&rsquo s second-biggest container port, issued a statement last week explaining how it&rsquo s experienced a significant increase in arrivals since the start of 2024, leading to an 8.8% rise in container volumes in January through April from a year earlier. Waits for some vessels are two to three days, the port authority said.
See also: Biden adds tariffs on Chinese chips, critical minerals, EVs
&ldquo The situation is expected to worsen due to the increase in off-schedule vessel arrivals and very high yard utilization,&rdquo Tan Hua Joo, a container market analyst at Linerlytica, said in an email on Friday.
As ships spend more time at anchor and face extended journeys, supply chain managers paying for those services feel compelled to place orders further in advance, worrying some into buying more than they might need. The share of container ships arriving on time has slumped to about 52%, retracing much of last year&rsquo s improvement from pandemic-era lows of about 30% from early 2022, according to Sea-Intelligence.
Delivery times are particularly slow for goods travelling to Europe and the US East Coast from China &mdash because most of the ships on these routes are avoiding the shortcut through the Suez Canal.
On the demand side, the US economy is adding a strong pull, as import volumes through the Port of Los Angeles showed during the first four months of the year. An early read on May volumes through the nation&rsquo s busiest port shows the momentum is continuing &mdash with three of the past four weeks coming in higher than year-earlier levels.
The supply-demand imbalance is happening at least a month before peak shipping season from July to September. That&rsquo s when retailers stock shelves for back-to-school sales and year-end holidays, placing large orders from their Asian suppliers. It&rsquo s not quite pandemic-level panic level yet, but some analysts say a situation like this can feed on itself when geopolitical risks and tariff threats are so pervasive.
&ldquo As more shippers start a peak season early, they create a capacity shortage and rates go up, causing other shippers to join the early stampede,&rdquo said Lars Jensen, a shipping analyst and founder of Copenhagen-based Vespucci Maritime. In process, they&rsquo re &ldquo creating the crunch they hope to avoid,&rdquo he said.
Spot shipping rates have responded by going up sharply.
A much costlier mode of transportation &mdash air cargo &mdash is also seeing the effects on specific routes as demand increases. Trine Nielsen, senior director and head of ocean EMEA at the logistics tech company Flexport Inc., said that suggests some cargo owners &ldquo expect the peak to sustain longer.&rdquo
Rogier Blocq, director of product development at Amsterdam-based WorldACD, said air cargo rates from the Persian Gulf and South Asia into Europe were up almost 80% in May versus a year earlier. That stood out from the average global rate increase of about 3% over the same period.
Just how long it will take for the interconnected system to return to balance is anyone&rsquo s guess, according to Rolf Habben Jansen, chief executive of Hamburg, Germany-based Hapag-Lloyd AG, the world&rsquo s No. 5 container carrier.
&ldquo It could still last for another couple of months if the Red Sea situation doesn&rsquo t improve,&rdquo he said in an interview last week on Bloomberg Television.
😅
aragosta ( Date: 30-May-2024 10:39) Posted:
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I think you got me wrong, what I mean was the port congestion and not as what you mentioned stock market up or down.
aragosta ( Date: 30-May-2024 10:18) Posted:
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I think I should put it this way "part of the reason" sound better😁
aragosta ( Date: 30-May-2024 09:13) Posted:
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expect to open down?
TraderBen ( Date: 30-May-2024 08:36) Posted:
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Today can avg down
lsk007 ( Date: 29-May-2024 18:26) Posted:
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This is because of US imposes tariffs on China and cause all shipments haywire🫨
aragosta ( Date: 29-May-2024 17:59) Posted:
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Bought 100000 at 0.159
Tested some.... MS buying.. Interesting... 
looks more like akan datang
cosco must be very busy??
cosco must be very busy??
Elf2000 ( Date: 29-May-2024 13:57) Posted:
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No more strength...
Shortist have to cover their ass now... Above 160, it will move towards 172.. and may touch 176... Based on PA, the longer it hovers/suppress around the region of 130 to 140, the force of propel upwards ll be double or more.. WATCH 
Back to 20cts soon...
see before lunch can go 160 first... powerful bb
tofudidi ( Date: 29-May-2024 11:27) Posted:
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going above 160... time for cosco power
tofudidi ( Date: 29-May-2024 10:17) Posted:
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Net profit attributable to equity holders of the Company was $1.9 million in FY 2023 as compared to a net loss of $88.6 million in FY 2022.
Dyodd.... reversal play is coming. going back 200...
Dyodd.... reversal play is coming. going back 200...
samudera already BO $1.05... Cosco is lagging way behind.. time to show some power
trader1970 ( Date: 29-May-2024 09:58) Posted:
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hopefully one long green candle like mermaid
WATCH for the BO at 156.... Be patient ... 160 and then short squeeze to165 will be BB target......
tofudidi ( Date: 29-May-2024 09:56) Posted:
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