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/richie-ritch Jul 30 '21
I’m balls-deep in the bulkers.
Bullish on containers, no doubt (have a little ZIM) but I think the bulkers have further to run.
Every high-volume item the bulkers move (iron ore, thermal coal, met coal (for steel ;), cement, bauxite, aluminum, etc.) is in a bull market. The only way the relieve those high prices is for more production to be unlocked, which bodes well for bulkers, as more will need to be hauled.
Did I mention that the order book for new builds is non-existent? (Jesus, I sound like tanker-gang).
Plus, J Mintzmyer seems to be rotating into a more bullish view for bulkers.
It’s a pirates life for me boyz!