
The Capesize index has surpassed $30,000, reaching 30,598, an increase of 908 points. This marks a significant milestone in the shipping industry, with companies such as Navios Maritime Partners ($NMM), Star Bulk Carriers ($SBLK), and Golden Ocean Group ($GOGL) seeing notable impacts. Additionally, container freight futures have risen by approximately 8% across all contracts, benefiting companies like ZIM Integrated Shipping Services ($ZIM), Hapag-Lloyd ($HLAG), and Maersk ($MAERSK). Both $NMM and Golar LNG ($GLNG) have achieved new 52-week highs, with $GLNG also reaching a new 9+ year high and experiencing a 4% increase. The month of September has been strong for the shipping sector, with $ZIM (+21%), $NMM (+20%), and $HSHP (+12%) showing significant gains. Golar LNG is also seeing bullish positioning and volume accumulation, with potential for further contract wins and price increases in the coming year.













Golar LNG. “There is an option for a 2nd vessel and should a contract be won on that vessel as well, the price could be in the $70s at least (...) all of that could happen in the next 12-months.” Last close: $37.50/sh. Lots of conspicuous call buying last week. https://t.co/2njyWZrKpe
With only one day left in September, Containers and Dry Bulk both having strong months. Top 1 month gains: $ZIM +21% $NMM +20% $HSHP +12% $SBLK +12% $CMRE +11% CMRE is the only one I didn’t own in Sept.
$GLNG weekly ⬆️ Clean bullish engulfing 52wk high volume breakout follow through demand. https://t.co/MVpo5OciF5