Shipping — December 2023
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LGC rates have been on a downwards trend recently, however, yesterday jumped a 10/2% on the AG-East and US-East routes to USD 105k/d and USD 119k/d, respectively. I.e., while they’re down from peak levels north of USD 140k/d, current freight rates are still yielding super profits for equities, which should at least be shown through their P&Ls through 1q24 (due to forward fixing).
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I.e., with most equities now again pricing below NAV, we continue to fine the equities attractive as earnings risk is likely on the upside with VLGC 1yr TCs at SSD 78k/d and potentially a prolonged period of Panama Canal lowered transits.
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Tank vil i hvert fald også blive berørt (Saudi Arabien)
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Her er en artikel fra 2018 med samme problem som nu : https://www.nbcnews.com/news/world/saudi-arabia-suspends-oil-shipments-through-red-sea-strait-after-n894731
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"An estimated 4.8 million barrels per day of crude oil and refined petroleum products flowed through this waterway in 2016 towards Europe, the United States and Asia, according to the U.S. Energy Information Administration."
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Uanset om situtationen forværres i Suez eller ej, tror jeg der kommer et rekyl i Tank i det nye år. Lige nu er "shipping" traderne åbenbart enige "vanen tro" ude eller kort i shipping, påtrods af rater og fremtidudsigter. (ren lommefilosofi).
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Ja.
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ja, jeg er dog i tvivl om de er styret af de Amerikanske eller omvendt
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der har været en del valuta bevægelse over de sidste dage (i nok / usd eller dkk / usd) der gjort de bevæget sig lidt atypisk
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enig i at der sidst på dagen bliver lagt pres i nedadgående retning de sidste par dage
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iøvrigt nok over den sidste månedstid
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men du har f.eks. set Dorian LPG bevæge sig positivt i 2-3 dage i streg hvor norske BWLPG og AGAS er gået den anden retning
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mest pga. valuta kursen
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anyway, det er vist "hell month" pt. før eller siden indhenter fundementalerne realiteterne, og de er at tank rater er gode, der tjenes rigtig gode penge nok og sandsynligvis langt tid frem. Det samme med LPG
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