Sunday, April 18

Investing

Finding the best design for a future-proof bulker

Finding the best design for a future-proof bulker

Investing
Finding the best design for a future-proof bulker Shipowners face high uncertainty when picking engines and fuel systems for a newbuild. The design must ensure that a ship remains compliant and competitive over its lifetime to meet or beat greenhouse gas (GHG) emissions regulations and targets. 5 Minutes 03 November, 2020 Share Print To help shipowners choose, DNV GL’s latest Maritime Forecast to 2050 has developed 30 scenarios covering varying assumptions about regulations, fleet growth and fuel prices across the three decarbonization pathways described in our GHG Pathway Model. Briefly, the pathways, listed from the slowest to quickest decarbonization, are No ambitions, IMO (International Maritime Organization) ambitions and Decarbonization by 2040. “Applying the scenario and pathway...
Here’s why you should pay attention to the Chinese yuan

Here’s why you should pay attention to the Chinese yuan

Investing
About a year and a half ago, investors were closely watching the Chinese yuan. They were worried that China might let its currency weaken drastically, rattling markets and sparking disinflation across the globe. Now, the yuan is at its strongest level against the US dollar since mid-2018. Fears of devaluation have evaporated. What’s changed? And why should you care? The Chinese yuan is at its strongest level in two-and-a-half years The Chinese currency – the yuan or renminbi – has been steadily strengthening against the US dollar since about May of last year. At the start of 2020, one US dollar would fetch you nearly seven Chinese yuan. Yesterday, the same dollar would get you less than ¥6.5. That’s the strongest the Chinese currency has been since June 2018. This is significant. Not the l...
Hit by Covid, Finnlines questions exclusion from state aid

Hit by Covid, Finnlines questions exclusion from state aid

Investing
Finnlines president and chief executive Emanuele Grimaldi is furious with Finnish state agencies after the Finnish ropax ferry line was excluded from receiving state aid granted during the Covid-19-related passenger and freight downturn. In reviewing the company’s Q3 2020 results – in which revenues dropped 30% year-on-year in the corresponding period, Mr Grimaldi says Finnlines has not received financial assistance from either the National Emergency Supply Agency (NESA) fund nor through a new maritime state-aid package. Some €45M (US$53M) was made available through NESA, while the new maritime state-aid package had funding of €24.8M (US$29M). In particular, Mr Grimaldi says the new state-aid tendered for the several connections from Finland to Sweden and Estonia by the Finnish Transport...
IAG’s share price is ready for take-off – here’s how to play it

IAG’s share price is ready for take-off – here’s how to play it

Investing
Many experts worry that the industry’s problems could persist even after the crisis ends, with many business trips and conferences carried out online. At the very least, many firms may simply decide that travel budgets are an easy target at a time when many of them are facing sharply reduced profits, or even struggling to stay in business. Although there was a brief resurgence in travel during the summer, as people went on their holidays, this has faded away, with many governments reimposing restrictions in order to reduce the chances of a second wave of the virus in the autumn. One of the key reasons why IAG’s shares have done so badly is that the travel restrictions and border closures imposed by most governments in order to combat the virus have lasted longer than many people initiall...
Don’t risk being left on the sidelines

Don’t risk being left on the sidelines

Investing
Welcome to the Year of Ox – forecast to bring stability and calmness, marked by great opportunity and economic prosperity. For LNG shipping, ‘great opportunity’ and ‘economic prosperity’ were evident in the early going of 2021. Soaring spot charter rates were pushed to historic highs by a tight LNG shipping market, in combination with an insatiable appetite for natural gas in Asia amid a bone-chilling winter. Atlantic spot charter rates more than tripled in a span of three days, from US$99,000/day to US$322,000/day between 5 January and 8 January. BP chartered Nigeria LNG’s 175,000-m3 LNG Abalamabie for a Bonny Island loading in early February at around US$350,000/day. US LNG exporters benefitted from the increased demand for LNG, enjoying record months in November and December. The US E...
Get in on the new craze for digital art

Get in on the new craze for digital art

Investing
Last month, younger adults with time and money on their hands rocked the investing world when they descended en masse on GameStop and AMC Entertainment, taking on the hedge funds and investment banks. Christie’s is hoping to lure this rabble into shaking up the traditionally staid world of art auctions. It is offering Everydays – The First 5000 Days (2021), an artwork by Mike Winkelmann, known as Beeple to his 1.8 million Instagram followers. In 2007, Winkelmann began creating an image a day, which he has collected together into this one piece (pictured right). It was 13 years in the making and was “minted” on 16 February. Everydays is a “non-fungible token” (NFT) and this is the first time a major auction house has offered a solely digital NFT, with online bidding due to run until 11 Marc...
Trading: short Snowflake, a company with its head in the clouds

Trading: short Snowflake, a company with its head in the clouds

Investing
We are in the middle of an unprecedented technology boom, especially in the US, with the tech-heavy Nasdaq Composite index doubling in just over two years. Of course, this is not entirely irrational. For example, some companies, notably Facebook, Google and Amazon, have managed to deliver on the promises made over a decade ago. Low long-term interest rates have also increased the value of future profits, while a case can be made that the pandemic has accelerated genuine long-term changes in the way that we shop, consume goods and services, and work. Nevertheless, several stocks have surged so far that it seems investors are willing to throw lots of money at anything that looks vaguely plausible. Perhaps the most egregious example is data company Snowflake (NYSE: SNOW), the largest initial ...