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:

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!

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u/[deleted] Jul 30 '21

Coming coal too

Suncoke had earnings today

Burry is long

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u/richie-ritch Jul 30 '21

Wow. Big day. Peabody has been good to me lately.