https://www.cnbc.com/2024/06/13/fears-rise-ocean-freight-rates-may-hit-20000-with-no-relief-in-sight.htm
Fears are rising ocean freight rates may surpass $20,000 with no relief for global trade into 2025
- Far East to U.S. ocean freight rates are up between 36%-41% month over month, while air freight prices have jumped 9% this year.
- DHL says ocean freight rate inflation might not ease up before Chinese New Year in early 2025, with some forecasts seeing rates reaching to between $20,000 and a Covid era peak of $30,000.
- Longer Red Sea transits resulting in a shipping container capacity shortage and canceled sailings from Asia are stoking spot ocean freight rates.
- Demand alone cannot explain the price hikes, with ocean freight orders down 48% month over month.
BERLIN, June 11 (Reuters)  &ndash   German shipping company  Hapag-Lloyd  does not anticipate the shipping industry to resume sailing through the  Suez Canal  anytime soon, even if a ceasefire between Hamas and Israel was reached now, a spokesperson for the company told Reuters on Tuesday.
The comments from the world&rsquo s fifth-biggest shipping firm come after Palestinian groups welcomed a U.N. Security Council resolution backing a proposal for a  ceasefire  in Gaza.
Hapag-Lloyd and Danish peer Maersk  shares  were down 5-6% this afternoon on the news.
But &ldquo even if there were to be a ceasefire now, this does not mean that the Houthi attacks will stop immediately,&rdquo the spokesperson said.
Even after the Suez Canal opens again for transit it would take at least four to six weeks to rearrange the schedules and for operations to return to normal,  Hapag-Lloyd added.
Commercial shipping has  faced  global disruptions, including in the Red Sea region, where operators are avoiding the Suez Canal because of attacks on vessels by Yemen-based Houthi militants.
Maersk declined to comment on the news. Its CEO said in February the company would need a permanent solution before considering returning to the Red Sea.
(Reporting by Elke Ahlswede, Additional reporting by Jacob Gronholt-Pedersen writing by Andrey SychevEditing by Ludwig Burger)
(c) Copyright Thomson Reuters 2024.
Finally, reach 96.5 a good price for value buy.  Flush out all the weak holders that cant hold and consolidated, it should move up.  P/B 0.75 PE 4X....ROE~19%... Where to find such UNDERVALUED shipping stocks?  Buy and hold for both capital gain and dividends in the coming quarter.. :):):)
Bro, look carefully ... he posted on 29may, not today lah ...
TraderBen ( Date: 11-Jun-2024 21:49) Posted:
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Sold yzj at 203 today?? Who bought from u for such a bargain? Lol
Asdfgh101 ( Date: 29-May-2024 12:12) Posted:
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Major shipping companies in various countries dropping around 9% to 10% today
Maybe reacting to UNSC resolution that was passed
 
Maybe reacting to UNSC resolution that was passed
 
Some investors have taken profit. Some are holding on to this GEM. Some believe that Samudera may reach $1.20 by this month and some hope for a good half year result and a good dividend.
Stay invested.
Stay invested.
trader1970 ( Date: 10-Jun-2024 17:00) Posted:
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When YZ rest tmr, this darling will catch up. Rotational play .. :) WATCH..
horrible show. sell down from 1,06
Thanks to all the Bros here...held Samu at 0.60 after all the dividends cost price 0.20, sold yesterday at 0.995, YZJ held at 1.40 sold at 2.03 today...thats all the shipping for me will be switching over to Wilmar...all the best everyone continue to huat!
it is worth the wait, 1.05 is here
easywin ( Date: 28-May-2024 16:21) Posted:
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Last:1.05     
  +0.055
hit target price!
 
  +0.055hit target price!
 
easywin ( Date: 28-May-2024 12:59) Posted:
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YZJ and the feverish freight rates will propel this darling past 105 easily... WATCH....  :):):)
Waited so long since after lunch no forward but gostan 
beng1102 ( Date: 28-May-2024 16:17) Posted:
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Sold all and switch to SEATRIUM which now expect a long way to recovery.
easywin ( Date: 28-May-2024 12:59) Posted:
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This BB very good hope 1.05 coming soon to let us unload and take profits very long never earn easy money already
ozone2002 ( Date: 28-May-2024 12:34) Posted:
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Last:1.02     
  +0.045
3c more to the target price
  +0.0453c more to the target price
ozone2002 ( Date: 27-May-2024 10:54) Posted:
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At such low cost, you can afford to wait for 1H24 results ... i believe there will be another generous dividends in august ... dyodd
Asdfgh101 ( Date: 28-May-2024 10:19) Posted:
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Should I sell as my cost price is $0.20?
Consolidated at 100. Enroute to 105, 110.. be patient ..
TraderBen ( Date: 28-May-2024 10:07) Posted:
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