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What's Going on With Shipping STOCKS with J. Mintzmyer of Value Investor's Edge joins WGOW Shipping​

Aug 20, 2023

53:43

In this episode, Sal Mercogliano - maritime historian at Campbell University (@campbelledu) and former merchant mariner - is joined by J. Mintzmyer from Value Investor's Edge to discuss the shipping sector.

00:00 Introduction
01:20 Sector Review - Containers, Bulk and Tankers
25:28 On the Horizon
38:06 J. Mintzmyer Three Companies to Watch

J Mintzmyer Twitter@JMintzmyer
Marine Money @MarineMoney
 
AUG 21 2023

  • An increasing incidence of climate-driven extreme weather events is taking its toll on the world’s major shipping routes, and analysts fear that the onset of El Niño could make matters even worse.
  • Low water levels on the critically important Panama Canal have prompted the Central American country to reduce the number of vessels that pass through the key global trade route.
  • Danish shipping giant Maersk said it had been “largely unaffected” by the Panama Canal delays, although it warned that climate risks to major shipping routes were becoming more prevalent with potentially severe impacts.

Major shipping routes are struggling with water shortages. El Niño could make it worse

An increasing incidence of climate-driven extreme weather events is taking its toll on the world's major shipping routes.
www.cnbc.com
 
Evergreen’s new containership Ever Max completed the U.S. portion of her maiden voyage setting new records including becoming the largest containership to dock at Baltimore’s Seagrit Marine Terminal. Port officials hailed her arrival as part of their ongoing efforts over the past few years to expand the port’s capacity.

They reported that the 1,200-foot Ever Max (160,000 dwt) arrived with a capacity of 15,432 TEU topping the previous record also held by Evergreen with the Triton, which arrived in 2019 with a capacity of 14,424 TEU. Before that, the Gunde Maersk arrived in 2018 with a capacity of 11,000 TEU setting the record.

Port of Baltimore Receives Its Largest Containership to Date

Evergreen’s new containership Ever Max completed the U.S. portion of her maiden voyage setting new records including becoming the largest containershi...
maritime-executive.com
 

Peru’s port shame - Splash247

Shaun Robertson, an intelligence analyst at Palaemon Maritime, on the growing crime scene at Callao, Peru’s largest port. Callao, Peru, has long been essential to the nation’s maritime trade and culture. However, recent years have witnessed a troubling rise in robbery at sea incidents...
splash247.com
 
Shipping is extremely cyclical. Booms like the one experienced by container shipping in 2021-2022 are very rare. For many longtime shipowners and operators, the model has been: Take a large pile of your chips off the table when returns go stratospheric. Keep enough cash in the business to stay in the game until the next jackpot, but don’t blow your boom-time gains after the market turns. Pocket your winnings. Buy a yacht.

This model of multi-cycle wealth creation has long been a mainstay of private tanker and dry bulk shipowning families. The container shipping industry — at least, a portion of it — has followed their lead.

Container shipping lines have used COVID-era windfalls to pay down debt, invest in fuel-efficient newbuildings and broaden their company portfolios. But they’ve also paid out tens of billions in dividends, enriching shareholders with pandemic profits — with some shipping lines doling out particularly large portions of their recent gains.

Container lines paid out billions in boom-time profits via dividends

Unprecedented supply-demand imbalances amid the pandemic led to historic dividend payouts by container shipping lines.
www.freightwaves.com
 
  • Korean firm plans factory that alone could meet half U.S. demand
  • Chinese Apple supplier to open magnet plant this year -sources
  • Vietnam's rare earths deposits second only to China's
  • China dominates world's magnet supply

Exclusive: Rare earths magnet firms turn to Vietnam in China hedge

Korean and Chinese magnet firms, including an Apple supplier, are set to open factories in Vietnam, according to documents and people familiar with the plans, amid a push to diversify supply chains away from China and defend against Sino-U.S. tension.
www.reuters.com
 
HOUSTON, Aug 22 (Reuters) - Top U.S. energy companies last year paid out more of their earnings to shareholders than they invested in new oil and gas fields for the first time, according to a report released on Tuesday.

The outlook for stronger energy prices has not changed the focus on investor returns from the U.S. industry, according to the report's authors, Ernst & Young LLP. U.S. energy companies have been focused on regaining favor with investors after years of overspending on production growth hurt returns and put them in the doghouse.

US energy firm payouts to oil investors top exploration spending for first time

Top U.S. energy companies last year paid out more of their earnings to shareholders than they invested in new oil and gas fields for the first time, according to a report released on Tuesday.
www.reuters.com
 

Uranium hunters in US West face partial ban, pollution concerns

Five weeks before President Joe Biden announced a historic new ban on new uranium mining around the Grand Canyon, Sarana Riggs approached the barbed-wire fence surrounding an inactive mine in an Arizona national forest, a Geiger counter in her hand. The Geiger counter didn’t detect any...
www.miningweekly.com
 

Major U.S. Retailers Returning to 'Just-in-Time' Supply Chain

During the worst shipping delays of the early pandemic, consumer and transportation analysts predicted U.S. retailers would buy more goods than they needed to prevent future disruptions from turning into empty store shelves, but a new analysis suggests they are returning to old habits.
gcaptain.com
 
Corvus Energy, the world’s leading provider of zero-emission solutions for the maritime industry, is pleased to announce that the Company has been selected by technology group Wärtsilä to supply the battery systems for the world`s largest 100% electric lightweight Ro-Pax ferry.

With more than 40 MWh of energy storage, it will be the largest battery system installed onboard a ship – four times as big as the current largest installation.

Corvus awarded battery supply for the world`s largest Battery Electric Ship - Corvus Energy

Corvus Energy, the world’s leading provider of zero-emission solutions for the maritime industry, is pleased to announce that the Company has
corvusenergy.com
 

Key events in developed markets next week​

Next week's jobs report and the personal income and spending numbers will be the key data points for markets to look out for in the US when gauging the likelihood of one more rate rise from the Federal Reserve. In the eurozone, all eyes will be on core inflation as a key factor in determining the ECB's next move in September.

Key events in developed markets next week

Jobs and personal income and spending numbers will be in focus in the US next week, while attention turns core inflation in the eurozone
think.ing.com
 

BRICS expansion: The Saudi surprise adds momentum to the de-dollarisation debate​


The big surprise from the BRICS summit in South Africa is that Saudi Arabia has been invited to join the group of major emerging countries. And that’s adding fresh impetus to the de-dollarisation debate, which is a potential challenge to the dominance of the US dollar in global trade.

BRICS expansion: The Saudi surprise adds momentum to the de-dollarisation debate

The BRICS grouping have invited six new members to join, of which Saudi Arabia is the highlight
think.ing.com
 

250 days to go: Geneva Dry by numbers - Splash247

Tomorrow marks 250 days to go until the inaugural Geneva Dry, the global dry bulk summit linking every rung in the commodities supply chain. The numbers speak for themselves in terms of how the dry bulk community has lapped up this unique event: 29 confirmed speakers, 22 sponsors, dozens of paid...
splash247.com
 

What the Ship (Ep87) Panama Canal | Containers | Getting Hot | Grain, Oil & Coal | To Rule the Waves​

Aug 24, 2023

32:55

- 00:00 Introduction

- 00:45 1. Panama CanalShipping ‘traffic jam’ at Panama Canal: Why it’s not a crisis (yet)https://www.freightwaves.com/news/shi...
Historic Drought, Hot Seas Slow Panama Canal Shippinghttps://gcaptain.com/historic-drought...

- 08:20 2. Container Sector & the Return of Just-In-Time Supply ChainPort of Los Angeles Cargo Volumes Fall 27% in Julyhttps://gcaptain.com/port-of-los-ange...
Port Houston Has Busiest July on Record as Peers Disappointhttps://gcaptain.com/port-houston-has...
Port of Long Beach Expects ‘Modest’ Peak Shipping Seasonhttps://gcaptain.com/port-of-long-bea...
Port of Savannah Container, RoRo Volumes Gain in Julyhttps://gcaptain.com/port-of-savannah...
Supply Chain Hopeful of Container Market Rebound, Survey Showshttps://gcaptain.com/supply-chain-hop...
More Blanked Sailings and Rate Increases for Transatlantic Shippinghttps://gcaptain.com/more-blanked-sai...
Major U.S. Retailers Returning to ‘Just-in-Time’ Supply Chainhttps://gcaptain.com/major-u-s-retail...

- 11:39 3. Getting HotterMaui Fires: U.S. Coast Guard Shifts Focus to Environmental Impactshttps://gcaptain.com/maui-fires-u-s-c...
Scorched Europe Battles Deadly Fires, Turkey Shuts Shipping Lanehttps://gcaptain.com/scorched-europe-...
Why shipping should be worried about soaring ocean temperatureshttps://splash247.com/why-shipping-sh...

- 16:11 4. Grain, Oil, Coal & Russia-Ukraine War Third Of Ukraine Crop Exports Wiped Out After Black Sea Blockhttps://gcaptain.com/third-of-ukraine...
Ukraine May Use New Black Sea Route For Grain Shipmentshttps://gcaptain.com/ukraine-may-use-...
Russian Bulk Exports Surge Despite Western Pressurehttps://gcaptain.com/russian-bulk-exp...
Russia’s ghost ships and the evolution of a grain-smuggling operationhttps://lloydslist.maritimeintelligen...
Russia’s Seaborne Crude Flows Drop to the Lowest Since Januaryhttps://gcaptain.com/russias-seaborne...
Winter LNG Shipping Rally Off to Early Starthttps://gcaptain.com/winter-lng-shipp...
Ship Tracker Reveals Iran’s Surging Oil Exportshttps://gcaptain.com/ship-tracker-rev...
Iranian Tanker Seized By US Begins Unloadinghttps://gcaptain.com/iranian-tanker-s...
There’s more coal being shipped by sea than ever beforehttps://www.freightwaves.com/news/mor...

- 23:15 5. To Rule the Waves To Rule the Waves: How Control of the World's Oceans Shapes the Fate of the Superpowershttps://www.brookings.edu/books/to-ru...
Philippines To Resupply South China Sea Troops After Beijing’s Blockhttps://gcaptain.com/philippines-to-r...
Philippine President Says No Promise Made to China to Remove Grounded Warshiphttps://gcaptain.com/philippine-presi...
Growing Tension with China Requires More Surveillance off the Philippines, Report Findshttps://news.usni.org/2023/08/23/grow...
No Clear Winner in U.S., China Contest in the Pacifichttps://gcaptain.com/no-clear-winner-...
Russian-Chinese Warship Group Pulls into Qingdaohttps://news.usni.org/2023/08/22/russ...

​

 

Surprise? This has been talked about for quite a few months, I don't know why they would be surprised it was on the table.

I mean... really...

How Saudi Arabia's crown prince snubbed Biden repeatedly to forge ties with authoritarian China and Russia

In 2022 Saudi Arabia's de-facto leader Mohammed bin Salman has antagonised the US by brokering closer ties with China and Russia.
www.businessinsider.com

... maybe 12 months ago it was a surprise.
 

Deere’s Large Ag Sales Up 12% YOY in 3Q23​

August 25, 2023

In this episode of On the Record, we take a look at John Deere's latest earnings report. In the Technology Corner, Noah Newman gives us a deep dive into Ecorobotix's precision spot-sprayer ARA. Also in this episode, dealer customer satisfaction scores and Buhler Industries' second quarter earnings.

Deere’s Large Ag Sales Up 12% YOY in 3Q23

In this episode of On the Record, we take a look at John Deere's latest earnings report. In the Technology Corner, Noah Newman gives us a deep dive into Ecorobitix's precision spot-sprayer ARA. Also in this episode, dealer customer satisfaction scores and Buhler Industries' second quarter earnings.
www.farm-equipment.com
 

Gold Price RECAP August 21 - 25

Happy Friday, traders. Welcome to our weekly market wrap, where we take a look back at these last five trading days with a focus on the market news, economic data, and headlines that had the most impact on gold prices and other key correlated assets—and may continue to into the future.
goldprice.org
 

Markets Now Closing Markets -8-25-23 Video​

Aug 25, 2023

11:14
 
  • The U.S. has been dependent on Russian uranium, importing significant amounts despite geopolitical tensions.
  • Urenco's plant in New Mexico is expanding, aiming to replace the U.S.'s reliance on Russian uranium by 2027.
  • The Biden administration and key industry players are exploring thorium as a more efficient and safer alternative to uranium for nuclear power.

U.S. Takes Bold Step To Break Free From Russian Uranium Hold | OilPrice.com

The U.S., seeking to reduce dependence on Russian uranium, is turning to expansion plans at a New Mexico uranium enrichment plant and exploring the potential of thorium as a safer and more efficient nuclear fuel alternative.
oilprice.com
 
Best to watch on youtue for the info below the vid.

July 2023 beef production down 6.2% | Weekly Livestock Market Update for 8/25/23​

Aug 25, 2023
8:58

Brownfield Anchor/Reporter Meghan Grebner and University of Missouri Market Analyst Scott Brown give a weekly recap of the markets and discuss how it can impact farmers’ bottom lines.
 

Newbuild Bulk Carrier Features World's First AI-Based Engine Automation System

The use of artificial intelligence in shipping has taken its latest step forward with South Korean shipbuilder Hyundai Samho Heavy Industries delivering the world's first ship equipped with an AI-based engine automation system.
gcaptain.com


Kirby Christens Nation's First Plug-In Hybrid Electric Towing Vessel

Kirby Inland Marine, part of Houston-based Kirby Corporation (NYSE: KEX), has christened the first plug-in hybrid electric inland towing vessel in the U.S.A christening ceremony for the Green Diamond was held for the vessel on Friday in Houston.
gcaptain.com
 

When blue fuels masquerade as green - Splash247

Andrew Craig-Bennett questions who’s going to properly certify the origins of all these new fuels hitting the market. The Emperor’s New Clothes is a tale written by Hans Christian Andersen in 1837. Disney hasn’t made a film of it; the plot turns on a vain monarch, who is tricked into believing...
splash247.com
 
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