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BB/FM all out on summer holidays, currently only retail players in market trying to earn some money shorting here and there with no profit in sight. Low volume = boring NOL session, it would swing +0.01 to -0.01 depending on when shorts cover their position. Market in june as usual is boring as hell had to wait till july then got happenings. By the way the whole containers industry is undertaking a transformation into larger ships which would lower cost of operating, this also mean freight rate would be adjusted lower. Those carriers that did not had big ships would be forced out of Europe/US trade lane, mostly smaller operator would be forced to operating regional business. In the end only the larger carriers/ alliance would be able to survive in major east-west trade route and smaller shipper go broke. Don worry too much about NOL, 50% of fleet renewal is completed and this year most of the expensive chartered ships would expired and resulting in more cost saving.
why the volume for today is so low? ~600k only?
NOL received 4000 TEU vessels, Maersk received 8000 TEU vessels.
NOL received 10000TEU vessels, Maersk received 18000TEU vessels.
How to fight.
Freight rate will be squeezed further.
http://www1.chineseshipping.com.cn/en/indices/scfi.jsp
Below 1000 now, hopeless stock, soonest will be put into SGX watchlist.
http://info.chineseshipping.com.cn/eninfo/Shipping/201306/t20130608_1210203.shtml
The first of Maersk’s 20-strong Triple E vessels is currently undergoing sea trials in Korea.
The ship has been named Maersk Mc-Kinney Moller after the son of the founder of A.P. Moller-Maersk Group, Arnold Peter Moller, and his American mother, Chastine Estelle Mc-Kinney.
The series is being built at Daewoo Shipbuilding and Marine Engineering’s Ogpo Bay yard on Geoje Island, South Korea, at a cost of $190 million per vessel. Each ship is 399.25 meters long, 73 meters high and offers capacity of 18,270 TEUs.
The “Triple E” name is derived from the economy of scale, energy efficiency and environmental improvements Maersk claims the vessels will offer because of a range of design innovations including a new hull design and energy-efficient engine and waste heat recovery systems that will reduce fuel consumption per container by 35 percent compared to Maersk’s previous largest vessels — the E-series that offer 15,500-TEU capacity.
Maersk Mc-Kinney Moller’s first port call on the line’s AE10 service is scheduled for July 14 at the Port of Busan, the nearest major port to DSME’s facility.
US market currently rally 175 point up, back to risk on mode. Hope FM do a shift into growth stocks then it time for NOL to shine and we can do happy punting again. Defensive/Yield plays might get a relief on Monday but the bullish trend is much over as in any theme rally play. Enjoy the weekend and relax .
Investors can rest in peace this weekend. US job report is out with 175K new jobs created beating market expectation of 165K, but the real catalyst is the unemployment rate rise from 7.5% to 7.6%. Perfect job report to show economy still growing and no rush for QE3 to be ended this year as unemployment rate remain high. let see how US market perform and if market rally then Monday STI going to have a relief rally.
a very gung ho play by the mkt indeed..2 or 3x p/b by the pennies, sti super underperform..long or short(mkt) is in everyone's mind this weekend..i guesd:)
rot continue today with sti approaching 3200, bank/telcom/property taking the brunt of hit. Almost at the end of week, this week is very bad for investors holding thought to be safe stocks.
US market -150+ Dow Jones 15000+ currently follow Asia/Europe 1% plus decline. Tomorrow hope asia markets stabilised before Friday US jobs report else gona be another 50+ drop day. These day market is very brutal compared to 4Q when it is more quiet and peaceful, heavy unloading of blue chips by FM operations.
I was waiting for chance to punt NOL but currently market sentiment not good, correction of defensive/yield plays not over yet. Ship should be ok with temasek holding it from the back but cannot said the same for STI blue chip, might see STI tumbling close to 3000 level before the rot finally stop. Overvaluation of defensive/yield plays cause this kind of collapse in index in the matter of days, down like 200 points maybe another 200 more to go pray hard for those still holding to defensive/yield plays. Might see a very big swing in share price, resulting in blood letting for investors holding defensive/yield stocks. I put a sell very early last week in the forum to dump every defensive/yield play before this collapse happen, hope all are safe. For those dare devil shortists, singtel, singpost, st eng, starhub, M1 all ripe for another 10-25% dip but take care of FM covering their short.
halleluyah ( Date: 05-Jun-2013 14:03) Posted:
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run shaw run.
GSS???:)
Bro dun mind to share....at wat px r u accumulating liao?
sgng123 ( Date: 05-Jun-2013 13:56) Posted:
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Big sell off of blue chips send STI down 40+ today, heavy volume and lot of corrections before fed reserve meeting next week. Ship still sailing strong and maintain at 1.10, may see a slight rebound in share price later afternoon when buy in dip kick in and lift STI.
Maersk line adjusted July 1 Europe GRI from 750 to 1000 joining other carriers in lifting the current weak rate. Guess the lone wolf finally decided to rejoin the pack and stabilised the spot rate market. July 1 GRI would be another March 15 2012 GRI all over again, freight rate just enjoy a short dip in the low in Apr-May rebounding strongly in 3Q. Transpacific GRI 400-600 also on July1 so it is an overall GRI hike for both US and Europe, setting the stage for peak session in summer months. Hope global economy PMI pick up in june and improved then we should be seeing some improvement in NOL share price. Today ship standing strongly while market correcting, tomorrow would be similar more correction on the way till end of week when we should enjoy a market rebound due to buy on dip.
China PMI go up 50.8 stronger than what market expected 50.1. Dow Jones did a correction of 200 in the last 2 hours of trade before market close, but no issue as it is overdue for it. The selloff of defensive/yield plays might continue next week but at a slower pace, next week is exciting everyday got economy news out of china/US and the most important news is Friday US job data. This is funny lol now market don want a strong job data cos it might lead to fed reserve to taper QE3, good news = bad for market bad news = good for market. Global stock markets now had become a gigantic casino with massive influx of cheap money from QE and bond investors, as long the QE continue the music continue to play without regard to whether fundamental hold or not. Speculation is on the rise and exercise caution if u are moving into market, defensive/yield play theme is over for now just need to wait for the next theme of play from market.
Time for growth stocks to rule again since central banks all over the world trying to boost growth but consumers still holding up and when the dam burst, explosive growth result in explosive surge in nol lol.
Blue chip take over
Spot rate rebound by 22.46 for SCFI, guess the GRI for june might be having a effect after all but stay caution and run if any danger sensed. Danger time for punters due to huge spike in market movement without reason.
Strategy is still the same buy whatever you can afford now and hold till BB push up then follow the bulls and buy with Margin with the Bulls later to rally it till you are satisfied then dump everything when bull slows.
Trading year in year out the same.
sgng123 ( Date: 31-May-2013 11:08) Posted:
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