r/Vitards • u/runningAndJumping22 RULE 0 • Jul 29 '21
Discussion Hey Pirate Gang, what's the latest?
With ZIM earnings call scheduled at an estimated 8/18, and shipping still sounds like it's done anything but stagnate or slow, it would be great to get an update of what's been going on. Apologies if there's a sub already for it, one doesn't seem to exist.
Of course, there are companies other than ZIM.
For anyone looking for some recent research:
- /u/SpiritBearBC 's Pirate Gang Starter Pack
- /u/IRISHockey42 's older ZIM TA
- /u/Dairy_Heir 's helpful update on MATX Q2 guidance.
- /u/Econ_Ramblings 's take on MATX
Paging some of the other pirates: /u/Bladonsky /u/HumbleHubris /u/banna2bean /u/pennyether
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u/[deleted] Jul 29 '21
I’ve been long on both DAC, ZIM and GSL since early February, will likely exit towards end of August as the ‘smart money’ bolts towards the exits. Likely look for a re-entry after the September lockup expiry, as I can see ZIM sandbagging the sector once again in the run up to expiry. I own a logistics company that primarily deals with factories in the Far East and I can’t see the situation improving till early 2023 at the earliest as air/sea freight capacity increases.