Seaspan Corp. (SSW)

All Comments on SSW

  • commenter
    old trader
    Jul 27 01:09 PM
    My Website
    A New Way for Investors to Sail the Seas [view article]
    Elliot,

    I'd agree with your assesment, but isn't that the point of an ETF? Allowing an investor to make a "sector bet", without having to decide, for example, if tanker companies relying on the spot market are "smarter" than those that rely on long term charters?

    An ETF such as this would allow an investor to play a "macro" theme, (such as growing global trade), while possibly increasing portfolio performance by making judicious investments on individual securities. (For example, buying shares in tanker companies relying on spot markets, if one's analysis on conditions lead one to believe the spot market would be strong over the next 1-2 years).

    Just sayin'....

    old trader     Reply
  • commenter
    Elliot
    Miller
    Jul 27 11:37 AM
    A New Way for Investors to Sail the Seas [view article]
    One problem with the analysis is that it does not take into account the individual characteristics of the companies. There are dry bulkers, wet tankers, LNG tankers and container ships all included in the chart. Within each group there are differences (for example EGLE's fleet is Supramx and Handymax, while GNK's includes Panamax and Capesize) and between groups there are differences (dry bulkers react to the BDI, most tankers are in pools that share profits, etc.). The rate of new building underway is greater for tankers and containers than for dry bulkers and within the dry bulk sphere the rate of new buildings is lower for Supramax than for Capesize and Panamax. Also different is the mix between charter lives and spot. Some, like Frontline, are highly exposed to spot prices. Many dry bulkers have 3-5 year charters and Sea Span has every vessel on the water and in construction subject to 11 year charters (in the case of new-builds, beginning when they are completed).
    In short, shipping is too varied an industry to present as a monolith,without differentiation by company and function.     Reply
  • commenter
    mikehav
    Jul 27 11:11 AM
    My Website
    A New Way for Investors to Sail the Seas [view article]
    I don't own any of the shares and all of the research was done by me as a new ETF idea, as with all of the other ETF ideas I have posted. Reply
  • commenter
    NEH
    Jul 27 11:04 AM
    A New Way for Investors to Sail the Seas [view article]
    Mike, first, some ownership disclosure please. Second, is this chart from another source, or did you assemble it yourself? Reply
  • commenter
    blink0404
    Jul 03 12:15 PM
    Rising Oil and the Future of Globalization: Implications for Transport Stocks [view article]
    Enter your comment hereAs the market continues to go down, shipping, which used to be a safe haven, now looks like it may be subject to a downward trend. Here's a pretty good podcast that discusses what to during this down market and what's going on with coal, steel, bulk shipping, and agriculture.

    the main idea is that individual investors dont have to act like institutional investors and this market and may be better holding cash than trying to beat the market.
    www.greenfaucet.com/sh...     Reply
  • commenter
    GFS
    Jun 30 12:10 PM
    Rising Oil and the Future of Globalization: Implications for Transport Stocks [view article]
    Bulkers report daily cost at $6,000 to $9,000. That includes crew, insurance, prorated maintenance, etc,etc,etc. The ships mostly burn bunker fuel, literally the bottom of the barrel. Higher crude cost is a factor but not a big one. Shipping rates are controlled by negotiated charter rates and supply and demand of ships. Actual fuel cost is a smallish factor Reply
  • commenter
    User 219693
    Jun 30 08:55 AM
    Rising Oil and the Future of Globalization: Implications for Transport Stocks [view article]
    didn't mean to send that twice, sorry. Reply
  • commenter
    User 219693
    Jun 30 08:54 AM
    Rising Oil and the Future of Globalization: Implications for Transport Stocks [view article]
    Just because OIL prices go up another 40 some percent, does NOT mean that their costs go up 40 some percent. There are other things involved in their cost and its not a direct correlation at all. If you haven't noticed, the BDI has skyrocketed in the past year. If costs go up, so will the index. Plus there is always the chance they the price of OIL will drop, especially if the dollar rebounds. I completely disagree with your idea that High Oil Prices will negatively affect Dry Bulk Shippers. Have you not watched the BDI and shippers appreciate as OIL shoots up? Shippers trade with the BDI and on momentum, not oil prices. Reply
  • commenter
    User 219693
    Jun 30 08:50 AM
    Rising Oil and the Future of Globalization: Implications for Transport Stocks [view article]
    Just because OIL prices go up another 40 some percent, does NOT mean that their costs go up 40 some percent. There are other things involved in their cost and its not a direct correlation at all. If you haven't noticed, the BDI has skyrocketed in the past year. If costs go up, so will the index. Plus there is always the chance they the price of OIL will drop, especially if the dollar rebounds. I completely disagree with your idea that High Oil Prices will negatively affect Dry Bulk Shippers. Have you not watched the BDI and shippers appreciate as OIL shoots up? Reply
  • commenter
    seabrook
    Jun 28 07:25 AM
    Rising Oil and the Future of Globalization: Implications for Transport Stocks [view article]
    I do agree that the contractee's(traders/e... bear the brunt of the fuel costs...but they too pass these on to the final consumers through the chain of the trade. So it is you and me who finally pay for the increasing Oil price.
    At what point do we say, 'enough is enough', and start to cut back on our consumption., to some extent even to change our food habits. !!...     Reply
  • commenter
    greenjacket
    Jun 27 06:16 PM
    Rising Oil and the Future of Globalization: Implications for Transport Stocks [view article]
    rds1955 - thanks Reply
  • commenter
    rds1955
    Jun 27 04:35 PM
    Rising Oil and the Future of Globalization: Implications for Transport Stocks [view article]
    It's my understanding that most of the Contractee's bear the brunt of the fuel costs... not the shipping companies themselves... this was addressed in the last conference call of Eagle Bulk shippers a bit ago I do believe... Reply
  • commenter
    greenjacket
    Jun 27 12:13 PM
    Rising Oil and the Future of Globalization: Implications for Transport Stocks [view article]
    I own both Seaspan & Eagle and have a profit on both. They both charter out the ships they own.
    Seaspan charters long term (at least 8 years) to major shipping lines sch as Maersk, Cosco, etc. If part of the lease they will aso operate the ships for the line. They have contracts for new buildings and lease outs for the next two plus years. I have two concerns.
    First is there an opt out for existing leases, and opt outs and provisions for cost escalations on new buildings. It is assumed that the shipping line wll pay for any escalation in operating costs (fuel, wages, port charges, etc.)
    In the case of EGLE they have a new buildings program to increase their current fleet by about doube. The new buildings program goes out about 3-1/2 years. Their charters as far as I can tell are bare-boat charters, typically 1 to 2 years.
    For the present I plan to hold SSW to the end of this year and see if they can raise their dividend again. However, also monitor their forward looking statements when they report 2nd Q resuts.
    I agree with 163888 & beezebufo that bulk carriers are going to have a long play. EGLE is my preferred play not only because of the current yield, but as old charters on the current fleet expire they will be able to get higher day rates on new charters. Further their dividend policy is based on free cash flow so that one can expect significant dividend increase.
    Reply
  • commenter
    mariposa
    Jun 27 09:51 AM
    Rising Oil and the Future of Globalization: Implications for Transport Stocks [view article]
    I have been concerned about this long term, and long term may arrive sooner than I thought. Agree it is much worse for container than dry bulk. Had been thinking of selling my Seaspan, and just take the small loss, which is about 0 with dividends, and either keep in cash or convert to DRYS. Long DSX and EGLE, TNP and SFL also. I wonder about TRN and its barges -- might be more market there. Reply
  • commenter
    163888
    Jun 27 09:27 AM
    Rising Oil and the Future of Globalization: Implications for Transport Stocks [view article]
    Yea, yea yea, I dont see how switching around where products are made helps China and India power is growing consumsion needs. It takes a lot of electrc power and steel to bring well over 2 billion people out of the dark age into the 21st century. We are talking about Dry bulk, not container ships right. The point being China and India are going to have enough trouble keeping up with their own peoples demands. much less worrying about everyone else. I have some news, auto companies are not trying to build factories in China to build cars there for the US, they are more concerned about the 2 billion cars China will want. Reply
Loading...
Symbols:
Authors:
Quick Links: