We've all heard about the big ass ship stuck in Egypt's Suez Canal last week. On Tuesday morning (3/23) the 'Ever-Given' vessel, leased by Taiwanese Company EVERGREEN; was caught up in a 'Darude-like' sandstorm causing over 10 billion in damages so far and unforetold shipping delays.
The Suez accounts for 30% of imports coming into Europe from Asia. There are currently 150+ container ships caught in this costly traffic jam, where the estimated costs of waiting are upwards of $400Million/hour according to various news sources.
Looking for ways to capitalize on News events? If you have access to Asian markets; take some shorts on lease owner EVERGREEN 2603. They had positive reported earning on Monday just one day before the shitstorm and there's a definite shift in momentum back to 30-lvl support.
Also consider short positions in the vessel owner; Japanese Shoei Kisen KK. UK P&I Club Insurance is meant to cover pollution and injury, not cover hundreds of lawsuits for this costly conundrum..
Let's get it!
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The Suez accounts for 30% of imports coming into Europe from Asia. There are currently 150+ container ships caught in this costly traffic jam, where the estimated costs of waiting are upwards of $400Million/hour according to various news sources.
Looking for ways to capitalize on News events? If you have access to Asian markets; take some shorts on lease owner EVERGREEN 2603. They had positive reported earning on Monday just one day before the shitstorm and there's a definite shift in momentum back to 30-lvl support.
Also consider short positions in the vessel owner; Japanese Shoei Kisen KK. UK P&I Club Insurance is meant to cover pollution and injury, not cover hundreds of lawsuits for this costly conundrum..
Let's get it!
static01.nyt.com/new...cator-Artboard_1.jpg