Container freight rates set to rise on more China lockdowns ZIM PAYS $17 PER SHARE on a $85 stock because they are making a killing with these current rates just imagine the dividend when rates go even HIGHER! via /r/wallstreetbets #stocks #wallstreetbets #investing


Container freight rates set to rise on more China lockdowns ZIM PAYS $17 PER SHARE on a $85 stock because they are making a killing with these current rates just imagine the dividend when rates go even HIGHER!

Synopsis

The rapid spread of the omicron variant in China is increasing the pressure on already strained supply chains reeling from Russia’s invasion of Ukraine.

“The number of container ships waiting off Qingdao, one of China’s biggest ports, is continuing to rise as the country doubles down on its Covid Zero policy, adding more delays to a strained global supply chain.

About 72 vessels were spotted off Qingdao port in Shandong Monday, almost double the amount at the end of February, according to shipping data compiled by Bloomberg. The increased delays there and in other parts of China are expected to push up freight rates.

While there is usually a build-up of vessels seeking to enter China following the Lunar New Year holidays, volumes this year are being exacerbated by lockdowns aimed at curbing new coronavirus outbreaks.

“The virus outbreaks are sprouting up in different parts of China, and lockdown measures do not seem as effective because the transmissibility of the new variants are higher,” said Salmon Aidan Lee, head of polyesters at energy consultancy Wood Mackenzie. “That leaves us with a situation that has worsened in the past few days at Qingdao,” he said, adding that he expects freight rates to rise because of increasing delays.

There’s also a growing backlog of vessels off the ports of Shangha  Ningbo and Zhoushan. There were 262 ships counted there, up from 243 a week ago. However the situation off Shenzhen and Hong Kong has eased a bit, dropping to 162 vessels from 208 on March 7….”

Read more at:
https://economictimes.indiatimes.com/small-biz/trade/exports/insights/container-freight-rates-set-to-rise-on-more-china-lockdowns/articleshow/90214122.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

about ZIM latest earnings and forecast

$ZIM Integrated Shipping Services Ltd paying $17 dividend on a $85 stock EX date 6 days march 22nd

and shipping rates are still skyrockting, zim casually projects to make 7.1-7.5 bil Billion net year

2021 net income was $4.65B or $39 per share, up 787% YoY

2022 guidance is $7.1B to $7.5B of EBITDA (this company has a current enterprise value of $7.5B which includes $500M of cash and no debt).

my position trimmed some since last post… I been telling ya its not too late but we are coming to an end of this …

35 70 calls 4/22/22

25 80 calls 4/22/22

Submitted March 16, 2022 at 04:08AM by New-Assumption
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