MMI 0.00% 4.5¢ metro mining limited

2022 production progress, page-144

  1. 4,660 Posts.
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    I used your table just to work on possible increase in shipping cost.

    So based on this table ... Rinjani arrive on 4th June .... and still it is under loading and sitting at 8Nm so few more days once it goes out to 16Nm.... so how many days worth of demurrage cost ?

    what is the point of loading capesize and investing in crane when they will be paying demurrage cost for every single ship? can't they work out now as to how many days they need to load a ship?

    as i said earlier 3.8t is a mistake considering they depend upon one crane and bad weather in wet season.... and now this demurrage cost of first six ship will be massive if the trend continue and they don't control their logistic ... IMO.

    obviously, biggest assumption here is that 14 days are allowed for loading which doesn't attract demurrage cost and also per day demurrage cost of $35k USD and forex rate of 1.45 AUD = 1 USD .... any changes to these figure would make a massive difference to MMI in my opinion so take this table a pinch of salt ..IMO.

    anyone with experience can certainly advise on what is industry standard on demurrage cost per day. i used https://lloydslist.maritimeintelligence.informa.com/LL1137744/Smallersized-bulker-daily-rates-exceed-30000 and i know it is old article and rates would be different now so this is just an exercise to see impact on bottom line if demurrage is not controlled now in my opinion....and why demurrage calculation is more important then simply looking at crane loading capacity... IMO.

    https://hotcopper.com.au/data/attachments/4452/4452809-8e828a0e778ec3d2372ba2fa3370098c.jpg

    Last edited by JPGuru: 23/06/22
 
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