If as you claim there has been 7 ships waiting - and they can...

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albalad

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15/04/16

11:29

Post #: 17511944
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Originally posted by The Mole ↑

Latest number of ships in Geraldton port for GBG is 3.

http://www.midwestports.com.au/uploaddocs/trans/shiplist.htm

This is unusually low. Usual to have at least 7 ships lined up ahead.

In the 1292 days since shipping started on about 1 Oct 2012 till today there have been 491 shiploads (including 3 in port now). There is a ship every 2.5 days, so these ships are going to be gone in about 7.5 days. The best turnaround for a ship was 24 hours on 8 Sept 2015 ship Ecomar GO. So the systems are in place to get ships in and out quickly.

Limit is production, not transportation to docks.

The issue of the number of ships may be solved in next couple of days, but if none added in next little while, raises questions about the viability of GBG! Decision may have been made. And as usual GBG shareholders are mushrooms!

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If as you claim there has been 7 ships waiting - and they can only turn around a ship in 24 hours - that seems unproductive to me.

Should be no more than 2 or so waiting with the others at sea in Transit.

What is so good about having a ship sitting waiting for 6 days before it gets loaded ? Who pays for that !

GBG Price at posting: 2.4¢ Sentiment: Hold Disclosure: Held
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If as you claim there has been 7 ships waiting - and they can...

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