“Can't grab the box at all!” Is the Red Sea orbiting effect showing another wave of cabin shortages in the shipping market?
“The freight rate has started to rise again, and I can't grab the box at all!” The head of a freight forwarder company told the Financial Federation reporter that the “lack of a box” this time was essentially a lack of space.
JBB BUILDERS: 2023 Interim Report
JBB Builders International Terminates Contra Options After Settlement
JBB Builders International (HKG:1903) said they terminated six contra options after outstanding payment was settled, according to a Thursday Hong Kong bourse filing. The options were to expire by Augu
JBB BUILDERS (01903): JBB Kimlun terminates countervailing options
According to the Zhitong Finance App, JBB BUILDERS (01903) issued an announcement. According to the Astaka Padu-jbB Kimlun settlement agreement, Astaka PADU and JbB Kimlun agree that the unexercised counterbalance options will be terminated when the cancellation option period expires (that is, after 6:00 p.m. on August 31, 2024) or on the settlement date of all outstanding contract amounts (whichever is earlier). According to the reverse option document, if for any reason the reverse option was not exercised in the manner specified in the cancellation option document during the redemption option period, the counterbalance option
JBB BUILDERS (01903.HK): Astaka PADU has settled all outstanding contract amounts with JBBKimLun
On March 7 | JBB BUILDERS (01903.HK) issued an announcement. According to the Astaka Padu-JbB Kimlun settlement agreement, Astaka PADU and JBB Kimlun agree that unexercised counterbalance options will end when the cancellation option period expires or on the settlement date of all outstanding contract amounts. As of March 7, 2024, Astaka PADU has settled all outstanding contract amounts with JBBKimLun, and JBB Kimlun has settled all outstanding subcontract amounts with Kimlun
JBB BUILDERS (01903.HK)'s medium-term profit and loss turned to RM3,017 million
Gelonghui, Feb. 23 | JBB BUILDERS (01903.HK) announced its interim results. For the six months ended December 31, 2023, the company's revenue was 126 million ringgit, up 6.25% year on year; the loss due to the company's shareholders during the period was 3.017 million ringgit, while the profit for the same period last year was 3.491 million ringgit; basic profit per share was 0.60 yen.
JBB BUILDERS: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2023 AND CHANGE IN USE OF PROCEEDS
JBB Builders International Forecasts Swing to July-December 2023 Loss
JBB Builders International (HKG:1903) expects an attributable loss of up to 4 million ringgit for the six months ended Dec. 31, 2023, as compared to an attributable profit of 3.5 million ringgit durin
JBB BUILDERS (01903.HK) Profit Alert: Net loss expected to exceed 4 million ringgit in the medium term
Gelonghui, January 24 | JBB BUILDERS (01903.HK) announced that the Group expects to record losses attributable to company owners no more than 4 million ringgit for the six months ending December 31, 2023, while the Group recorded profit attributable to company owners of about 3.5 million ringgit for the six months ending December 31, 2022.
China's Shipbuilding Sector Output Rises 12% in January-November
Output from China's shipbuilding industry increased 12.3% year over year to 38.1 million deadweight tons in the January-November period, according to data from the country's industry and information technology ministry released Dec. 14.
JBB BUILDERS: 2023 ANNUAL REPORT
JBB BUILDERS: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 30 JUNE 2023
JBB BUILDERS (01903.HK): Expected annual loss of about 8 million ringgit
GLONGHUI, September 7 | JBB BUILDERS (01903.HK) announced that the Group expects to record losses of about 8 million ringgit attributable to company owners for the year ending June 30, 2023, while last year, the Group recorded profit attributable to company owners of about 12.5 million ringgits. The adjustments in expected performance for the year ended June 30, 2023 are mainly due to increased credit risk for certain customers based on the latest market information and payment history. An additional amount of about 9.1 million ringgit was confirmed for trade receivables and contract assets and asset impairment loss provisions. Therefore, the year
JBB BUILDERS: SUPPLEMNTAL ANNOUNCEMENT - PROFIT WARNING
JBB BUILDERS: DATE OF BOARD MEETING
JBB BUILDERS: PROFIT WARNING
Express News | Orders are full, and industry insiders judge that the shipbuilding industry will start a new upward cycle
12 consecutive declines! The decline in BDI was the biggest in 4 months, and shipping companies are preparing to “survive the winter”
At the beginning of 2022, due to high demand for shipping combined with tight capacity, containers were “hard to find”. However, this year, there was a sharp reversal in supply and demand in the international shipping market, and international shipping prices plummeted. According to data from May 26, the Baltic Sea Dry Bulk Index fell 3.54%, falling 12 times in a row to 1,172 points. That week's decline was the biggest in 4 months. According to the World Container Composite Index recently released by international shipping data agency Deluri, the current shipping price index has fallen to the level close to 2019. “The downward pressure on the global economy is strong, overall demand is weak. Coupled with geopolitical conflicts, overall shipping costs
Express News | The Baltic Sea Dry Bulk Price Index ended four consecutive increases
CICC: Where is the shipping market headed?
Reviewing shipping's historical stock prices, the agency believes that freight rates and on-hand orders to capacity are two important factors affecting shipping companies' stock prices. Freight prices affect immediate profits, and the ratio of on-hand orders to capacity affects future industry supply and demand patterns and profit expectations, which in turn affects current valuations. Based on historical recovery, we recommend the foreign trade oil operation industry, where the proportion of on-hand orders is low and freight rates are expected to rise further with demand support.
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