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More attacks mean global shipping rate to go up. Just STRONG BUY. https://www.straitstimes.com/world/middle-east/israel-says-launching-lebanon-strikes-to-prevent-large-scale-hezbollah-attack
moron101 ( Date: 16-Aug-2024 11:07) Posted:
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Continues to fall ...
https://en.sse.net.cn/indices/seafinew2.jsp
https://en.sse.net.cn/indices/seafinew2.jsp
Samudera ( Date: 12-Aug-2024 10:12) Posted:
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Big not Bug. Huat ah..
moron101 ( Date: 16-Aug-2024 11:06) Posted:
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Very quiet nowadays.This is one of the few counters that never recovered from US black Monday's Bug sell down. Time to rebound?😊
Should be a strong recovery back to 87
Dyodd:
Understanding Contract and Spot Rates
With contract rates, shippers commit freight to a carrier or logistics provider, and the carrier or logistics provider commits capacity for an agreed-upon rate. Contracts provide the security of price and capacity and make up the majority of freight moves. Contracts tend to last six months or longer.
A spot rate is the one-time, on-demand, transactional price a carrier or provider charges to move freight from point A to point B. Spot rates are based on the current market conditions and can change day to day or even hour by hour. The spot market can be highly volatile. Severe weather or unexpected disruptions can drive prices higher quickly.
Like most things, supply and demand factor into the prices of both contract and spot rates. When trucking capacity is tight, spot rates tend to increase and contract rates experience upward pressure. When capacity loosens, spot rates typically fall and future contract rates decrease. Spot rates, which are instantaneous, are a leading indicator for contract rates, with contract rates tending to lag behind spot rates by about four to six months.
There are times when the spot market provides more competitive pricing than contract rates. Some shippers ?channel shift? and move to the spot market to take advantage of lower rates. However, disruptions experienced over the last few years have shown how critical long-term relationships are to the successful movement of goods during challenging times.
Not too sure if rates falling down has any impact cos shipping like fx is usually forward contracts...makes sense for spot rates to drop if forward contracts have been fulfilled
Rates continue to fall
https://en.sse.net.cn/indices/seafinew2.jsp
https://en.sse.net.cn/indices/seafinew2.jsp
Samudera ( Date: 02-Aug-2024 15:16) Posted:
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DELIVERY OF CONTAINER VESSEL, SINAR SULAWESI The Board of Directors of Samudera Shipping Line Ltd ,
refers to the announcement made by the Company on 6 January 2023 relating to the acquisition of two new-build container vessels (each with a capacity of 1,900 TEUs), wishes to update that the Company has signed addendums to the memorandums of agreement to novate its obligations and rights under the MOA to Samudera Ships Investment Pte Ltd, a wholly owned subsidiary of the Company. SSIPL has taken delivery of the first vessel, Sinar Sulawesi, in Japan on 7 August 2024.
refers to the announcement made by the Company on 6 January 2023 relating to the acquisition of two new-build container vessels (each with a capacity of 1,900 TEUs), wishes to update that the Company has signed addendums to the memorandums of agreement to novate its obligations and rights under the MOA to Samudera Ships Investment Pte Ltd, a wholly owned subsidiary of the Company. SSIPL has taken delivery of the first vessel, Sinar Sulawesi, in Japan on 7 August 2024.
Houthi's first attack in the gulf of Eden was in nov 2023 meaning all the big boys were caught with their pants down and prob subscribers probably entered forward contracts into March 2024 at old rates...April 2024 onwards the big boys began to realise they would need to sub out to smaller freighters for cost efficiency, meaning April 2024 onwards than smaller freighters like samu would have entered into such lucrative contracts...so 2H should be good, whether it will be continued to sell down dyodd
Now 8 series and 9 series next. Shipping rate is going up. " No sign of U.S. recession in freight demand, CEO of shipping giant Maersk says. https://www.cnbc.com/2024/08/07/no-sign-of-us-recession-in-freight-demand-maersk-ceo-says.html
Stocky901 ( Date: 07-Aug-2024 10:51) Posted:
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Monday XD... Last day to buy for dividends.. 🤫
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Economy
No sign of U.S. recession in freight demand, CEO of shipping giant Maersk says
Published Wed, Aug 7 20248:57 AM EDT
thumbnail
Jenni Reid
WATCH LIVE
Key Points
U.S. inventories ?are not at a level that is worrisome or that seems to indicate a significant slowdown right in the offing,? Maersk CEO Vincent Clerc told CNBC, as fears of a recession in the world?s largest economy mount.
Chinese exports have helped drive overall container demand in the most recent quarter, Clerc said.
Maersk on Wednesday reported a decline in year-on-year underlying profit to $623 million from $1.346 billion in the second quarter, and a dip in revenue to $12.77 billion from $12.99 billion.
Maersk CEO: We expect Red Sea disruption until at least the end of the yearwatch now
VIDEO06:50
Maersk CEO: We expect Red Sea disruption until at least the end of the year
Shipping giant Maersk, considered a barometer for global trade, is not seeing signs of a U.S. recession as freight demand remains robust, the company?s chief executive said Wednesday.
?We?ve seen in the last couple of years, actually, [the shipping container] market remaining surprisingly resilient to all the fear of recessions that there has been,? Vincent Clerc told CNBC?s ?Squawk Box Europe? Wednesday, adding that container demand was generally a good indicator of underlying macroeconomic strength.
U.S. inventories ? goods being stored before delivery or processing ? ?are higher than they were at the beginning of the year, but they are not at a level that is worrisome or that seems to indicate a significant slowdown right in the offing,? Clerc said, despite noting some unpredictability in numbers for companies replenishing stocks.
?We look also at purchase orders from a lot of retailers and consumer brands that need to import into the U.S. for the coming month of demand, and it seems still to be pretty robust ... at least the data and the indicators that we?re having seem to point toward still some good level of confidence that the current consumption levels in the U.S. will continue.?
The last week has seen a sudden escalation in worries about a recession in the world?s biggest economy, the U.S., following a set of weaker-than-expected jobs data which has divided economists and market participants.
U.S. retail trade inventories ? a measure of unwanted build ? in May were up 5.33% from a year ago at $793.86 billion, according to the most recent release from the U.S. Census Bureau.
A report released by leasing platform Container xChange on Wednesday said indicators suggest inventories are higher than demand, meaning a less ?prosperous time? in the coming months for container traders, the logistics market and retailers who stockpiled.
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Maersk?s Clerc said the company had been surprised by the resilience of container volumes across the last few years, and said it expected that to continue in the coming quarters ? with no indication the global economy is heading toward recessionary territory.
Chinese exports have been the engine behind strong container volumes as the global share of containers originating in or heading for China has increased, he continued.
In 2022, the Danish firm had a markedly more gloomy outlook, warning of a drag on demand from inflation, the threat of a global recession, the European energy crisis and the war in Ukraine.
A combination of those factors drove down freight rates in 2023, sending Maersk?s profits tumbling.
That trend was partially reversed this year amid soaring geopolitical tensions in the Red Sea, which led shipping firms to divert trade routes around the southern coast of Africa ? extending journey times and taking capacity out of the global system.
How Red Sea attacks impact global supply chainwatch now
VIDEO03:24
How Red Sea attacks impact global supply chain
Red Sea to cause further inflation
Clerc told CNBC Wednesday he expected Red Sea diversions to continue at least until the end of the year.
?That, of course, requires more capacity, more ships in order to move global trade around the world, and that has created some shortages here in the second quarter and in the third quarter that we?re dealing with at the moment,? he said.
?That means, in the short term, higher cost, and we have had to take on significant cost as a result of this, both in terms of having needing more ships and needing also more containers to do the job that is expected of us.?
If the situation persists, Maersk will see ?significant inflation? in its cost base which it will need to pass on to customers, he continued, with Asia to Europe or U.S. east coast routes costing between 20% and 30% more.
The impact of capacity constraints in the short term has been positive for the Danish shipping giant?s margins and led to three profit upgrades in recent months, Clerc added.
Maersk on Wednesday reported a decline in year-on-year underlying profit to $623 million from $1.346 billion in the second quarter, and a dip in revenue to $12.77 billion from $12.99 billion.
While weaker on an annual basis, the company said ocean freight margins were ?significantly better? than in the first quarter of 2024 and fourth quarter of 2023, with an earnings before interest and taxes margin of 5.6% versus -2% and -12.8% in those prior periods.
Maersk shares were 1.6% lower at 12:45 p.m. in London on Wednesday.
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Economy
No sign of U.S. recession in freight demand, CEO of shipping giant Maersk says
Published Wed, Aug 7 20248:57 AM EDT
thumbnail
Jenni Reid
WATCH LIVE
Key Points
U.S. inventories ?are not at a level that is worrisome or that seems to indicate a significant slowdown right in the offing,? Maersk CEO Vincent Clerc told CNBC, as fears of a recession in the world?s largest economy mount.
Chinese exports have helped drive overall container demand in the most recent quarter, Clerc said.
Maersk on Wednesday reported a decline in year-on-year underlying profit to $623 million from $1.346 billion in the second quarter, and a dip in revenue to $12.77 billion from $12.99 billion.
Maersk CEO: We expect Red Sea disruption until at least the end of the yearwatch now
VIDEO06:50
Maersk CEO: We expect Red Sea disruption until at least the end of the year
Shipping giant Maersk, considered a barometer for global trade, is not seeing signs of a U.S. recession as freight demand remains robust, the company?s chief executive said Wednesday.
?We?ve seen in the last couple of years, actually, [the shipping container] market remaining surprisingly resilient to all the fear of recessions that there has been,? Vincent Clerc told CNBC?s ?Squawk Box Europe? Wednesday, adding that container demand was generally a good indicator of underlying macroeconomic strength.
U.S. inventories ? goods being stored before delivery or processing ? ?are higher than they were at the beginning of the year, but they are not at a level that is worrisome or that seems to indicate a significant slowdown right in the offing,? Clerc said, despite noting some unpredictability in numbers for companies replenishing stocks.
?We look also at purchase orders from a lot of retailers and consumer brands that need to import into the U.S. for the coming month of demand, and it seems still to be pretty robust ... at least the data and the indicators that we?re having seem to point toward still some good level of confidence that the current consumption levels in the U.S. will continue.?
The last week has seen a sudden escalation in worries about a recession in the world?s biggest economy, the U.S., following a set of weaker-than-expected jobs data which has divided economists and market participants.
U.S. retail trade inventories ? a measure of unwanted build ? in May were up 5.33% from a year ago at $793.86 billion, according to the most recent release from the U.S. Census Bureau.
A report released by leasing platform Container xChange on Wednesday said indicators suggest inventories are higher than demand, meaning a less ?prosperous time? in the coming months for container traders, the logistics market and retailers who stockpiled.
Read more
The Fed is trying to ?fight a ghost? as recession fears mount, investor says
Markets are counting on the Fed to head off recession with sizable interest rate cuts
Everyone is talking about the Sahm recession indicator. Here?s what you need to know
Maersk?s Clerc said the company had been surprised by the resilience of container volumes across the last few years, and said it expected that to continue in the coming quarters ? with no indication the global economy is heading toward recessionary territory.
Chinese exports have been the engine behind strong container volumes as the global share of containers originating in or heading for China has increased, he continued.
In 2022, the Danish firm had a markedly more gloomy outlook, warning of a drag on demand from inflation, the threat of a global recession, the European energy crisis and the war in Ukraine.
A combination of those factors drove down freight rates in 2023, sending Maersk?s profits tumbling.
That trend was partially reversed this year amid soaring geopolitical tensions in the Red Sea, which led shipping firms to divert trade routes around the southern coast of Africa ? extending journey times and taking capacity out of the global system.
How Red Sea attacks impact global supply chainwatch now
VIDEO03:24
How Red Sea attacks impact global supply chain
Red Sea to cause further inflation
Clerc told CNBC Wednesday he expected Red Sea diversions to continue at least until the end of the year.
?That, of course, requires more capacity, more ships in order to move global trade around the world, and that has created some shortages here in the second quarter and in the third quarter that we?re dealing with at the moment,? he said.
?That means, in the short term, higher cost, and we have had to take on significant cost as a result of this, both in terms of having needing more ships and needing also more containers to do the job that is expected of us.?
If the situation persists, Maersk will see ?significant inflation? in its cost base which it will need to pass on to customers, he continued, with Asia to Europe or U.S. east coast routes costing between 20% and 30% more.
The impact of capacity constraints in the short term has been positive for the Danish shipping giant?s margins and led to three profit upgrades in recent months, Clerc added.
Maersk on Wednesday reported a decline in year-on-year underlying profit to $623 million from $1.346 billion in the second quarter, and a dip in revenue to $12.77 billion from $12.99 billion.
While weaker on an annual basis, the company said ocean freight margins were ?significantly better? than in the first quarter of 2024 and fourth quarter of 2023, with an earnings before interest and taxes margin of 5.6% versus -2% and -12.8% in those prior periods.
Maersk shares were 1.6% lower at 12:45 p.m. in London on Wednesday.
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After XD sure can get.. patient 😉
beng1102 ( Date: 06-Aug-2024 13:06) Posted:
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Still waiting for 6 series to buy more leh.
Stocky901 ( Date: 05-Aug-2024 15:06) Posted:
|
Lucky never followed blindly to buy at 1.04 else go hor lang loot.. 😂
FOREVERFREEDOM ( Date: 30-Jul-2024 09:05) Posted:
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Have to factor in on orders from exports and imports... if lesser companies' orders of goods to stockpile theirs inventories, then how is the freight charges going to increase, can' t solely just because of Middle East conflicts.
Samudera will recover faster than others , the war in Middle East affected most technology companies and bank.
Stocky901 ( Date: 05-Aug-2024 15:06) Posted:
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This week 7 series to stay. Next week could be 6 series.. better cut loss and run.. 😢
Stocky901 ( Date: 02-Aug-2024 15:51) Posted:
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The recent p& l report said shipping rate is trending up going forward. I think with escalated tension shipping rate around the world is set to surge. US sending aircraft carrier, warships and fighter squadron to Middle East as region braces for Iranian retaliation. https://edition.cnn.com/2024/08/02/politics/us-warships-middle-east-brace-iranian-retaliation/index.html
ozone2002 ( Date: 02-Aug-2024 15:55) Posted:
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