Evangelos Marinakis And Co

[Sniffer Dog (Admin)]

Not by me. Joe must have done it himself.

[ThePromisedLand]

smelly...

[Joe Baker Legend]

Not by me. Joe must have done it himself.

Sniffer, I decided to delete, I wasn't sure if you wanted it on here, I was thinking about you and stuff being posted on here, getting back to Greece.

[ozzyten10]

It does seem that it won’t go away- however I think we all know there are many shenanigans within Greek football as owners of competitors to Oly own different media outlets...
I hope it doesn’t interfere with what is going on here - I imagine EMs son will be able to take over as he seems to be Attending forest very often...

[Sniffer Dog (Admin)]

It does seem that it won’t go away- however I think we all know there are many shenanigans within Greek football as owners of competitors to Oly own different media outlets...
I hope it doesn’t interfere with what is going on here - I imagine EMs son will be able to take over as he seems to be Attending forest very often...

I am sure that won't be necessary Oz.

[Tricky]

The Daily Mail have got their noses into the story, so it will be common knowledge now, despite not being able to believe a word that rag says

[stirred]

CEO of Germany's largest shipping company (Hapag-LLoyd) just came on TV so I thought I'd listen, in case any relevance to EM.

He says they've had reduced demand out of Asia/China and then the West starting in March and India and others now. A ratings agency downgraded their outlook in April.

But their share price has gone up 500% in the last 12 months and 120% mostly since beginning of March.

The interviewer asks the CEO if he can give a reason why. The CEO says "No, I don't think so...we're trying to understand it. There is no obvious reason for it."

Bizarre.

[ozzyten10]

Long term investment in the big demand and supply issue after a 3 month lockdown.

[Sniffer Dog (Admin)]

EM has got more business than shipping. TV channels, newspapers and media etc for a start that are all flourishing.

[Jean_claude_killy]

CEO of Germany's largest shipping company (Hapag-LLoyd) just came on TV so I thought I'd listen, in case any relevance to EM.

He says they've had reduced demand out of Asia/China and then the West starting in March and India and others now. A ratings agency downgraded their outlook in April.

But their share price has gone up 500% in the last 12 months and 120% mostly since beginning of March.

The interviewer asks the CEO if he can give a reason why. The CEO says "No, I don't think so...we're trying to understand it. There is no obvious reason for it."

Bizarre.

As with everything else, shipping is governed by supply and demand; demand has dried up, storage is full and there are tankers at sea full of oil with nowhere to go.

This is from last weeks Investors Chronicle, a Financial Times publication:



Currently, almost 30 oil tankers are anchored as storage off the coast of southern California – tankers that would have originally gone out to the source of the supply chain and shipped it around the world. Stranded might be a better word, as they are full up with oil, but unable to deliver it. Refineries are flat out. Space is running out to fill the glut in oil, and this has led to the price of storage space doubling in just two months. Land storage is full, and tankers are filling up.

Last week, we saw what happened in WTI futures as the May contracts went negative. When storage runs out nobody wants to hold a physical product they can't store, and so it should come as no surprise that tanker stocks are swiftly moving through the gears.

[Legs On Stilts]

I would have thoughts Marinakis is making serious coin at this time.

[Tricky]

CEO of Germany's largest shipping company (Hapag-LLoyd) just came on TV so I thought I'd listen, in case any relevance to EM.

He says they've had reduced demand out of Asia/China and then the West starting in March and India and others now. A ratings agency downgraded their outlook in April.

But their share price has gone up 500% in the last 12 months and 120% mostly since beginning of March.

The interviewer asks the CEO if he can give a reason why. The CEO says "No, I don't think so...we're trying to understand it. There is no obvious reason for it."

Bizarre.

As with everything else, shipping is governed by supply and demand; demand has dried up, storage is full and there are tankers at sea full of oil with nowhere to go.

This is from last weeks Investors Chronicle, a Financial Times publication:



Currently, almost 30 oil tankers are anchored as storage off the coast of southern California – tankers that would have originally gone out to the source of the supply chain and shipped it around the world. Stranded might be a better word, as they are full up with oil, but unable to deliver it. Refineries are flat out. Space is running out to fill the glut in oil, and this has led to the price of storage space doubling in just two months. Land storage is full, and tankers are filling up.

Last week, we saw what happened in WTI futures as the May contracts went negative. When storage runs out nobody wants to hold a physical product they can't store, and so it should come as no surprise that tanker stocks are swiftly moving through the gears.

But doesnt a lot of EM's shipping involve containers rather than crude? or does he do all of it? Containers are often shipping stuff that has already been sold so that shouldn't affect them being offloaded, unless of course the destination ports are closed, which then makes it a completely different ball game