…."COURAGE Marine is looking to buy secondhand dry bulk tonnage despite over 90% plunge in fourth quarter profits.
Singapore-listed dry bulk shipowner Courage Marine reported a forth quarter net profit of $1.55m, a 92% drop on the same period in 2007. Revenues also plummeted by 76% to $7.46m for the fourth quarter of 2008 as dry bulk freight rates hit an all time low.
Courage owns and operates eight elderly panamax and handy bulkers.
With a net cash position of $42.8m the company believes it is well placed to invest in further secondhand tonnage.
“We believe Courage is in a strong position to ride out this global crisis given our strong balance sheet and prudent expansion policy,” said Courage chairman Hsu Chi-Chien.
The company said that it was on the lookout to acquire younger vessels to renew its fleet….."

Slična kompanija – samo vjerojatno puno više paze na troškove ; break-even po brodu u zadnjem kvartalu im je oko 8,000 USD/d.Kod ovih naših bi moglo biti nekoliko puta toliko.

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Idle capesize numbers fall dramatically

The number of capesizes without employment has dropped by more than two thirds in the last three months, with 30 of the vessels now idling at ports around the world.

But a different story has emerged for older and smaller bulk carriers, or those rendered too “toxic” to trade, because they are connected to financially troubled Asian-based owners or operators.

About 4%, or 64, of the 1,550-strong fleet of panamaxes is currently in full or partial lay-up, or longer-term anchorage, according to data from Lloyd’s Maritime Intelligence Unit.

Overall 484 bulk carriers, or 6% of the global bulk carrier fleet, representing 17.9m dwt, is classified as “inactive”.

“All older vessels are having trouble finding employment, and they’re getting such a deep discount [in rates] compared to modern vessels, owners are preferring not to trade,” said a London-based dry cargo broker.

Brokers and traders familiar with the panamax sector thought the actual figure could be even higher, with unemployed vessels numbers remaining high since freight rates collapsed in the final quarter of last year.

Of the handymax fleet, 6%, or 105 ships, and 286 smaller handysize bulk carriers, or 10% of the fleet, are also idle, according to Lloyd’s MIU. The handysized fleet’s average age is 20 years.
“I have a perception that older [panamax] ships aren’t doing any business. I don’t see them fixing and I’m sure they’re sitting around and doing nothing,” said Steve Rodley, director of London-based shipping fund Global Maritime Investments. He said many panamax charterers had also refused to trade any modern “toxic ships”.

These vessels had complicated time charter chains of hire involving bankrupt owners or operators, or those who had defaulted on payments. “Those are the ships with nothing to do,” he said.

One London-based broker estimated at least a dozen panamaxes were in full lay-up. Lloyd’s MIU data was collated yesterday by tracking AIS movements, classifying inactive bulk carriers as those without registering any movement for at least 35 consecutive days.
Brokers familiar with the capesize market said the 30 unemployed vessels identified by the Lloyd’s MIU data most likely had “toxic hire chains”.

Those capesize owners had returned to the market in January, when Chinese and European steel mills resumed iron ore shipments from Australia and Brazil. Many had withdrawn their capesizes from trading in the last months of 2008, when spot rates fell below operating costs to as low as $2,000 per day amid widespread payment defaults.

By early December, an estimated 12% of the capesize fleet, or more than 100 vessels were idle. Seven months earlier fleet utilisation had been at 100% and freight rates as high as $300,000 per day.
Published : February 27, 2009

Jednog dana će doći do dramatičnog razdvajanja Crobexa i brodara. Onaj tko na vrijeme kupi i tko pogodi dno, taj bi mogao dobro omastiti brk.

JDPL-R-A 104,01 25 2.600,25 27.2.2009 11:00:26
JDPL-R-A 104,01 5 520,05 27.2.2009 11:00:26

je samo ovdje ima svakakvih a posebno nestrpljivih.

od ath pad za cca 90 % !!! ( i ddjh također !!!)
ima li još koja dionica sa ovakvim padom ?

IGH?

03.12.2008. ==> JDPL = 118 kn BDI = 672, BSI = 579, BHSI = 307

danas ==> JDPL = 98 kn BDI = 1986, BSI = 1529, BHSI = 628

cijena -17 % bdi +195 % BSI +165 % BHSI +105 %

03.12.2008. ==> JDPL = 118 kn BDI = 672, BSI = 579, BHSI = 307

danas ==> JDPL = 98 kn BDI = 1986, BSI = 1529, BHSI = 628

cijena -17 % bdi +195 % BSI +165 % BHSI +105 %

Na ovoj dionici logika je davno umrla [undecid]Uvijek kažem,strpljen-spašen!

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Kad mogu ocekivati poziv za veceru?

Pozdrav Siniša

Kandidata koliko hoćete: IGH, LEDO, ZVZD, KOEI, KORF, LKRI (više od 90%), HDEL (mislim da je cca 96% pad),… Evo, ovo je iz sjećanja samo

Kandidata koliko hoćete: IGH, LEDO, ZVZD, KOEI, KORF, LKRI (više od 90%), HDEL (mislim da je cca 96% pad),… Evo, ovo je iz sjećanja samo
[/quote]
VDKT je šampion_ipak treba uzeti u obzir i dokapitalizaciju
LPLH je brodarski šampion pada_više od 90%