Core Insights - The webinar featured key executives from major companies in the dry bulk shipping sector, discussing market dynamics and strategic considerations [1] Group 1: Company Strategies - Wah Kwong Maritime Services employs a strategy that balances spot and time charters based on market views and risk management [2] - EuroDry focuses on mid-sized dry bulk segments, avoiding smaller Handysize and larger Capesize vessels, and emphasizes a balanced fleet post-merger with Eagle Bulk Shipping [3] - Pangaea Logistics Solutions prioritizes customer needs, utilizing voyage charter contracts and long-term COAs while mixing spot market activity with contracted cargoes [4] Group 2: Financial Management - EuroDry advocates for a medium leverage strategy targeting approximately 50% loan-to-value to enhance equity returns while remaining resilient during downturns [5] - Pangaea's debt to fair market value is around 40-45%, indicating a comfortable leverage level, while Star Bulk focuses on using cash flow for stock buybacks rather than increasing leverage [6] Group 3: Market Outlook - The dry bulk shipping market experienced volatility, with a weak first half of the year followed by a stronger second half, leading to cautious optimism among executives [7] - Forecasts suggest a modest market correction, with geopolitical factors becoming increasingly significant in influencing freight rates, which are expected to remain stable with a potential variance of 20%-25% [8] - Optimism remains regarding strong volumes for coal, grain, and minor bulks, despite concerns over coal demand due to warm weather [9][10] Group 4: Fleet and Order Book - The newbuild order book is considered manageable, with Kamsarmax at approximately 14% and Ultramax at 11.5%, well within historical norms [11] - Shifts in Chinese demand, particularly in steel exports and power demand from AI data centers, are creating beneficial long-haul shipping demand for raw materials and finished steel [12]

Order Book Dynamics - Order books shape price action [1] - The report discusses the basics of how buy and sell orders influence price movements [1]

Order book basicsHow buy and sell orders shape price action.Read more 👇https://t.co/06R2F8ic6c ...

RT Breakout (@breakoutprop)Charts are cool.Drawing lines is fun.But instead of looking for some unicorn rectangle setup, you need to understand why price moves.Prices moves primarily from market orders.There are nuanced exceptions to this e.g. if the best bid/ask cancels price can move, but for simplicity, market orders hitting resting liquidity is the prime mover of price.Traders send market orders when they prioritise immediacy over price.Market orders take liquidity.When a market order is executed, it ex ...

7/ Limit Orders are now live on Layer Akira.Set your price and let the market come to you.LayerAkira (@LayerAkira):LIMIT ORDERS ARE LIVE ON LAYERAKIRASet your price and let the market come to youTrade smarterTrade on a real order bookTrade on LayerAkira https://t.co/sdRD4EA0Bn ...