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And the world’s third busiest container port is partially shut down. This kind of disruption is expected with the highly virulent Delta variant. The question is how much would it impact freight rates.

https://www.bloomberg.com/news/articles/...d-outbreak
Curious to know: How many ships are owned vs chartered?

One thing about freight rates increases above breakeven is they go straight to profits.
Samudera Shipping container ship

Currently ranked No 40 Containership of 30,549 TEU with 12 ships owned and 14 ships chartered.  Capacity (in TEU) is 71.9% chartered.
https://alphaliner.axsmarine.com/PublicTop100/

Comment from Investor Relation
The Company fleet currently comprises vessels on long-term and short-term charter, and it is looking to acquire some vessels at the opportune time.  This combination of chartered (and at the right time, owned) vessels is to afford it the flexibility to respond quickly to changes in shipping demand. The long-term time-chartered fleet thus forms part of our fleet expansion and renewal.  At this point in time, 7 of the vessels are already in service along with some vessels on short-term charter.  If shipping demand outlook remains strong by the time the remaining 2 are delivered in 4Q22, these 2 vessels will simply be added to the existing fleet.  The 2 newbuilds on long-term time charter that were delivered in 4Q20 together with the other 2 coming aboard in 4Q22 will make for an overall younger and more cost-efficient fleet for the Group.

In my opinion, management approach to capacity planning seems prudence on the back of high freight rate and strong container ship order-book.  In first half of this year, over 300 vessel orders are signed at Chinese, Korean and Japanese yards, collectively 2.88MTEU or 11% of today's overall capacity.
https://globalmaritimehub.com/all-in-on-...dings.html
Reading the latest financial statements from rcl group and oocl, they are quite confident that they will continue to do well till mid 2022.
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“At the previous investors’ conference, we forecast that the port congestion would last until the third quarter, but now, it seems like the issue will not be resolved until the fourth quarter, or until the end of June next year,” Evergreen president Eric Hsieh (謝惠全) told an investors’ conference in Taipei.

https://www.hellenicshippingnews.com/cov...-persists/

Cargo Ships Are Again Idling Off Jammed Southern California Ports
https://www.hellenicshippingnews.com/car...a-ports-2/
Another crisis in the making - unexpected noise to the global supply chain
Disgruntled HMM seafarers threaten pay strike and to join rival carrier MSC
https://theloadstar.com/disgruntled-hmm-...rrier-msc/
https://www.hellenicshippingnews.com/hmm...prospects/

More than 90% of HMM’s seafaring union members voted to strike on Sunday and, if a resolution is not reached, the 453 union members are threatening to resign en masse tomorrow and apply to join Swiss-Italian rival MSC.
HMM’s seafaring and shore-based staff have expressed dissatisfaction over “a meagre” salary increment, despite the company achieving record profits last year, thanks to tight shipping capacity and logistics disruptions caused by Covid-19.
Their grievance stems from an eight-year salary freeze only lifted this year after HMM’s financial struggles culminated in a government bailout when Korea Development Bank (KDB) swapped debt for equity in 2016.
The staff’s unions are demanding a 25% wage hike and bonuses amounting to 1,200% of their salaries.
But HMM management is offering 8%, a bonus of 300% of salaries and a productivity incentive equating to 200%. KDB, HMM’s largest shareholder, is reportedly reluctant to accede to the demands.
Local media reports suggested SM Line, the only other ocean-going Korean carrier, could carry HMM cargo if required, but given the shortage of ships, there is a limit as to how much relief SM could offer.

A shipping disruption caused by HMM’s strikes could further fan shipping rates.

Update
Labor unions of South Korea’s largest shipping company HMM on Thursday 2 Sept scrapped a strike plan after reaching a new wage deal with management.  HMM officials and representatives of the two unions, separately representing land-based and longshore workers, agreed to a 7.9 percent increase in wages, a bonus payment amounting to 650 percent of their monthly salary and a 2.7 percent increase in welfare benefits.  It appears to be a major compromise on the part of the workers.
http://www.koreaherald.com/view.php?ud=2...E_SEARCH=1
Perhaps everybody were not expecting an update this soon, but it seems we can get a glimpse into Samudera Shipping’s July performance. How high or low are your expectations after all the discussions above?

More details in the following link.

https://www.thesquirrelsdrey.com/post/sa...erformance
大船等入港.塞港常態化 長榮:海運榮景看望至明年中|非凡財經新聞|20210820
https://m.youtube.com/watch?v=qPUfLMjKZQw&t=29s
(26-08-2021, 01:56 PM)Squirrel Wrote: [ -> ]Perhaps everybody were not expecting an update this soon, but it seems we can get a glimpse into Samudera Shipping’s July performance. How high or low are your expectations after all the discussions above?

More details in the following link.

https://www.thesquirrelsdrey.com/post/sa...erformance

At times like this, it befuddles me on the level of interest in this company. If the numbers are really mainly due to Samudera Shipping Line at the subsidiary level, that could mean circa USD15mil a month of profits for each sustained month of container rates! That’s about SGD20mil a month trading on SGD248mil market cap. 

If dividends follows the historical trend of > 50% of earnings and extrapolating for USD90mil + USD 37mil first half performance, it would be 50% of roughly SGD170mil of earnings. SGD85mil / SGD248mil of market cap would give a dividend yield of 34% at current price of $0.46.

One could say the above is too optimistic or too pessimistic, we shall see how it unfolds as we go into peak shipping season.
Samudera never has it this good before.  Are we going to see supernormal profit for FY2021 and FY2022?

Boxship charter rates now stand 128% above previous 2005 peak
https://splash247.com/boxship-charter-ra...2005-peak/

Containership charter rates now stand at more than double their previous peak 16 years ago. Charter rates for shipping’s hottest sector have more than quadrupled from the start of this year and are now 128% above the previous 2005 peak, according to Clarkson Research Services. 1,700 teu ships are now able to command $51,000 a day for six -to 12-month contracts, while the rate for a 4,400 teu ship is about to crack the $100,000 a day mark, sitting on $97,500 a day with ships in the 6,800 teu range pocketing $111,500 per day.

In its complicated simplicity the current market may resemble a bubble-like environment but the demand for more radical chartering solutions is still there and the inherent difficulties of the global supply chain guarantee that it may be so well into 2022,” creators of Germany NewContex chartering index noted in a weekly report published on Friday while discussing the raft of big retailers paying “colourful” sums to charter in boxships over the summer.

The rate for a 4,400 teu ship is about to crack the $100,000 a day mark

Splash reported last week on Ikea joining the likes of Walmart and Home Depot in taking in its own tonnage.

The situation has become so tight that even dry bulk operators have entered the fray with Swire Bulk and Pacific Basin among the first confirmed parties to be offering container shipments on their dedicated bulk carriers.
I thought higher charter-in rates is bad for Samudera? For some of their ships, they hire whole ships long and sell freight on spot, right?

Higher charter rates are good for ship leasing company like Seaspan.
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