I use the tonnage figures for the ships from the Boatnerd site. I do not care if they are short or long tons as I am looking at trends for increases or decreases in tons shipped and comparing them to previous month or year totals and averages. I only try to modify the tonnage amount by the Great Lakes water levels. If low ,I reduce the tons/load
I have given up on trying to determine the distribution as there are too many variables.
Final Estimate on October Shipping from Silver Bay.
It will be a min. of 630,000 to a max of 670,000 tons of I/O out of SIlver Bay.
The ship James Obeerstar is scheduled for 10/31 and may be delayed.
It was another good month for MSB.
No news yet on the 3rd. quarter distribution or a confirmation by Lake Carriers #$%$'m for the 3rd quarter shipments.
My estimate for October up to the 15th is 369,200 tons of I/O from Silver Bay. If the rate of shipping continues we should hit over 700,000 tons for the month.
I am looking forward to the 3rd quarter distribution. Hopefully it shall be a good one.
It looks like the individual investor lost in the negotiations with Tata. We went from 20% to 6%. They are shipping to Europe and China and it looks like it will be several years before they pay a distribution with the new agreement. Tata now appoints all the board's directors. Which end of the stick will we get? I'll bet the short end.
I invested in this venture 5 years ago believing in it's possibilities. I went from 500 shares to now over 6,000 at prices from over $3.00 to $1.00. I might as well keep the stock now that it is down to $0.08 per share. Hopefully my grand kids will see some benefit.
Does NMLTO get any benefit from it's investment in the port facilities?
My estimate for the mid-month total for the first 15 days is 388,600 tons. Twelve ships were scheduled up to the 15th. Hopefully, they will schedule a few more ships to make up for a weak August shipping. We are due for a nice third quarter distribution.