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Msg  41454 of 42019  at  8/12/2022 4:29:04 PM  by

keebon


 In response to msg 41451 by  MarkfromReston
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Re: Earnings releases

Maersk and Hapag-Lloyd had excellent Q2 reports but the CEOs seem cursed with overzealous vocal chords and gave less-than-glowing assessments of the long-term outlook for shippers.  Maersk was down 5% all day and stayed that way.  ZIM dipped more before a partial recovery.  It doesn't seem to matter that Dewry's composite index is only 38% under the rrecord high of Sept 2021 or 78% higher than the 5-year average.
 
I bought ZIM today at 49.10 and it appears to have closed at 51.83.  I don't like the price drop but a one-day 4% profit is OK with me.   My previous trade was 10% on shares purchased on July 22 and sold on August 8th.  Every little bit counts. 
 
I see a bigger issue in that the market doesn't seem to understand the difference between a ship owner and a shipper.  Shipowners own and charter out ships (duh!).  Zim is a shipper and as such they own few ships and charter most of their on-the-water capacity (asset light).  Since they have a combination of owned ships, ships on long term charters, and ships on short term charters they can adjust to seaborne freight cycles through proper fleet management.  In addition, they have the logistics side of the business (e.g., containers in a Walmart parking lot) which seems very different from owning a ship.  


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