Perhaps the relatively strong shipping result for March can add a little illumination to this otherwise gloomy room.
After peaking at 15 ships discharged last October shipping rate has been on a downward slide until itbottomed at 10 ships discharged in February.
Shipping has now bounced to 14 ships discharged for March (assuming Yong Li leaves today as scheduled).
Oct 15
Nov 13
Dec 12
Jan 11
Feb 10
Mar 14.
It is understood that the fortunes of the company are dependent on more than a single factor but hopefully this shipping rate reflects improved plant performance and will be maintained as GBG overcomes its engineering problems.
good shipping month
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