#tankergang
#shipping
Norwegians explain why equities are dropping. My opinion is: not even close to over. In tankers/drybulk maybe 25% are redirected.
#tankergang
Superexciting to check rates next week for all
#shipping
. Dirty already very strong. Utilization already very high. Rates towards $100000/day?!
$STNG From yesterdays Form 20-F:
Repurchase nolonger announced!
From February 16 through the date of this report, we have repurchased an aggregate of 332,659 of our common shares in the open market at an average price of $53.49 per share under the 2023 Securities Rest $232M
#oet
#fro
etc. clarkson expect eco scrubber vlcc $77000 in 2023. Now tanket utilisation is 91-92%.Q1 2023 coyld be the best quarter since 2004 at $120k
$fro $dht
#tankergang
Staying clear of Russian oil trade. Moral and Risk issue. Customers, banks and insurance company dont like it, and incident in Russian harbours is risk both crew and company.
#Tankergang
$hafni $trmd $stng clean tankers off for a great start in Q2 bookings now. Russian volumes drops off the cliff, what will the dark fleet do? Sanctions and insurance getting harder. How can Denmark accept those uninsured rustbuckets through Bornholm?
$ZIM Benefitting from low LNG prices. All 10 15000teu scheduled to belivered within Jan 2024. 18 More 7000teu to be delivered 2024. Zim was very early on contracting (2021)so have saved a fortune. Green routes (asia uswc) business advantage.
#Tankergang
/BULK I say this is the most bullish factor in tankers/Bulk right now. When will leaders wake up?? Most of the world should deny old vessel passing through international waters without proper DD and insurance.
@jonasgahrstore
$hafni selling four LR1 at ave $22.5M and mgt saying they are bullish for 2023/2024! must be the stocks options ! Insiders selling like rats . I dont like it at all.
Cant even disclose the newbuild JV
$stng $hafni $trmd sold to hodling only $stng wish me luck. I dont need dividend. I dont need more ships. I need more repurchase and a mgt like Bugbee.
So lets see.
#tankergang
Only about 45% of LR2 currently trading clean. Owners are tempted now to clean up to trade cpp. This will support rates for aframax trading dirty.
$fro $stng $lpg $ship $nvgs $gass capital link analyst roundtable Top picks:
Frode Mørkedal $fro $stng Tankers Dry bulk
Ben Nolan Tankers but $nvgs
Omar Nokta Tankers but $lpg
Tate Sullivan $ship $gass
Christian Wetherbee Tankers any. Obvious cycle.
Keep most of last years picks. Here is top 20 for 2024 random (should have 20 more). NMM TNP KCC HAFNI FRO OET STNG SHLF SDRL RIG GOGL 2020 HSHIP GLNG SNI AGAS DNORD WAWI CMRE TDW
$STNG $TRMD $HAFNI $ASC Low/ close to record inventory of refined products. Surge in Chinese aviation. Strike in France/Europe soon need more products. Russian products insane ton-miles, then resold/shipped again! Love those tankers rates in slow season.
$TNP its just insane profit ($3.17) LOL. Sale of 6 MR comes in Q1, nice LNG charter, many rusty panmax and aframax coming open soon in bull market. Still uninvestable they dont like buybacks, loves atm. Dividend just vanished.
#tankergang
#drybulk
Pareto daily. Suezmax td20 rebound to close to $50000 for eco tonnage. 3 capes 2 panamax and 7 small bulkers sold to scrap so far this year!
$Hafni $fro Clarkson from Mondays comment: The trend in tankers is clear, longer sailing distances, gives advantage for the hole sector and expect to get stronger the nexts months.
#Tankergang
#drybulk
#shipping
$gogl $fro First funds Martin Mølsæter believes most in drybulk with 20% discount to NAV, but rates surge comes harder in tankers because the value of the cargo.
Regional Chess team victory today, 2years in a row.
From left me, Jon Haug, Niklas Mellem (former junior world champion!!) Roar Skybakkmoen Team manager.