@christankerfund Oh I guess I should tell you. I’ve started watching videos on how easy it is to make sourdough bread from scratch. You may get some of my failed attempts.
Love the recommendations from @christankerfund around shipping and tankers. I’m up 15% so far this month alone! Keep the good info and analysis coming. (This is not a paid promotion)
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MSC ordered 20 more Ultra large container ships for $17B today. Now has a total of 74 on order.
These liners have gone looney with the ongoing flood of massive orders.
And by 2028 they will be crying about massive over capacity ….
Latest on European port congestion:
The weekly update from HMM on port congestion in Europe shows worsening conditions in RWG terminal in Rotterdam, Tangiers, Mersin, Barcelona and Valencia and marginal improvements in Antwerp and Algeciras.
In terms of seasonality, July is typically the month wherein the most cargo is loaded from Far East to Europe, which means arrival into European ports in August and September. The lack of progress in removing port congestion in Europe is worrying seen in the light of this coming peak load of cargo.
$ZIM $MAERSK