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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » EXPO Lanka Holding PLC

EXPO Lanka Holding PLC

2 posters

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1EXPO Lanka Holding PLC Empty EXPO Lanka Holding PLC Wed Jan 20, 2021 6:28 am

KILLER99


Manager - Equity Analytics
Manager - Equity Analytics

It's possible to down further due to HIGH selling pressure on PANIC selling (volume more than 10mill shares) and demand always less than (1 mill shares), on 19/01/2021, It is possible to collect those share within these 02days price Quoted with 40 and 45, because there are no buffer to absorb or guard these stocks under this Market condition,, All the big players are now move to banking sector, Macro factor is all the small players also want to move BANKING sector as soon as possible due to current market conditions, 

In other hand big sharks are collecting EXPO and BILL as much as they can, So this would expect under  "රැල්ල" market condition, 

RISK is up to you,, IF you re play wisely you can earn lot, If you are too late you would loose money lot,

Don't try to Millionaire or Billionaire over night, Build your empire slowly and stable,

2EXPO Lanka Holding PLC Empty Re: EXPO Lanka Holding PLC Wed Jan 20, 2021 8:32 am

EPS

EPS
Expert
Expert

Container freight rates from Asia surge to new highs – 'it's gone mad'

https://theloadstar.com/container-freight-rates-from-asia-surge-to-new-highs-its-gone-mad/

Container freight rates from Asia continued to surge this week, reaching highs far in excess of long-term sustainable levels.

Today’s Shanghai Containerized Freight Index (SCFI) cumulative reading hit a new record of 2,311.71, representing a 162% increase on the same week last year.

After initially lagging behind the massive rate gains seen on the transpacific, spot rates to North Europe now lead the rate race in terms of percentage increase, 230% higher than a year ago.

The North Europe component of the SCFI jumped 24% on the week, to $2,948 per teu, while spot rates to Mediterranean ports put on 29% to breach the $3,000 mark, at $3,073 per teu.

However, reports to The Loadstar this week imply that actual rates paid by shippers to secure containers and the last remaining slots to Europe are significantly higher.

Lars Jensen of SeaIntelligence said anecdotal evidence suggested the exact rates shippers were paying on the Asia-North Europe tradelane could be up to $5,000 per teu.

“In this context, it should be noted that the market is at a point where the SCFI is, in some cases, significantly underestimating the actual rates paid, as there are additional fees related to equipment and space availability,” explained Mr Jensen.

One UK forwarder confirmed to The Loadstar this week that rate quotes had hit the $10,000 per 40ft high-cube on Asia-North Europe.

“It’s gone mad,” he said.

Moreover, the actual rates could be irrelevant if other carriers follow the lead of CMA CGM. The French carrier has advised its Asia-North Europe customers of a “booking freeze” for weeks 49, 50 and 51, “due to the strong demand for containers from Asia and the backlog in recent weeks”.

And another carrier has told Asia-North Europe customers this week it was looking to implement a $1,000 per teu fee if a shipment is cancelled within two weeks of the loading date.

Meanwhile, after several weeks of stable (but high) rates on the transpacific, the SCFI recorded an increase of $104 for spot rates to the US east coast, to $4,804 per 40ft, representing a 91% hike on the same week of last year, while rates to the west coast were flat this week, at $3,984 per 40 ft, which is, nonetheless, a vast 188% increase on the SCFI reading of a year ago.

And there appears no easing in the surge of cargo heading for the US west coast, with the port of Los Angeles’ Signal volume forecaster expecting 48% and 44%, respectively, more containers on ships in the next two weeks.

The pressure on the LA and Long Beach terminals from the enormous leap in throughput is intense – the Signal prediction for total Q4 volume at Los Angeles is up 40% year on year to over 850,000 teu – and vessels are waiting up to six days at anchor in the San Pedro Bay.

Jon Monroe, of Washington state-based Jon Monroe Consulting, said: “This Covid consumer recovery has legs. Retail sales posted strong gains over Black Friday, up 21% over last year, and if you have not already booked merchandise to ship pre-Chinese New Year, you may already be too late.”

He said NVOCCs were involved in “a mad scramble” to secure space, with BCOs increasingly turning to the services of the consolidators to get their goods away at any price.

On other secondary trades, the SCFI recorded spot rate increases across the board, with, for example, rates from Asia to South Africa up 15% on the week to $2,289 per teu – 130% higher than 12 months ago.

-----------------------------------
Also, from EFL web .......

Vaccine distribution is well underway in 2021. We're ready to support the global pharmaceutical logistics market with end-to-end supply chain solutions, transportation and storage to ensure the vaccine is handled safely from origin to destination.
Let's get to work and protect our global communities.
http://www.efl.global/

Guess EXPO's best quarters yet to come.



Last edited by EPS on Wed Jan 20, 2021 9:00 am; edited 1 time in total (Reason for editing : .)

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