Can someone with shipping notes help fill in the blanks on departure dates of shipments?
Within the March quarterly, E25 noted the early January departure of MV Erin Manx with 46.6kt of Manganese. Within the March quarterly, E25 noted that Pan Posidon was scheduled to leave early April (but presumably hadn't when the quarterly was released very early on 11 April). Within the March quarterly, product sales were 62,418 which doesn't align to shipping volumes meaning E25 is making use of its pre-sale facility with OHM. Basically reported sales and shipped sales figures won't match.
The March quarterly noted 50kt of concentrate at port at the end of 31 March so if Pan Poseidon took 50-55kt then all closing March production was transported and possibly a little bit of production from the Apr-June quarter. This shipment should have cleared any port inventory that existed at 31 March. Did anyone keep records on when it actually departed?
@Garant posted the shipping log showing Aqualeo was commissioned by E25 and Aqualeo left port 31 May after being in port for 1d and 8hr. Aqualeo has a 63948dw capacity so something around 50-55kt of ore would be a normal loading by E25. How did E25 manage to ship perhaps 50kt+ at the end of May when Pan Posidon should have cleared out any at port inventory that existed at the end of March?
Did Pan Poseidon not complete their port call?
Did Aqualeo only take a small cargo?
Has E25 continued sending 30kt/mth to port as noted in the last quarterly and had June quarter production much nearer 90kt+ than 62kt last quarter?
E25 Price at posting:
59.0¢ Sentiment: None Disclosure: Held
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