Credit Suisse macro guru Zoltan Pozsar is even more bullish #tankers than the tanker bros here on twitter. His latest report makes the same macro call on tanker ton miles that I have been making
I can feel the generalists piling in 🚀
$FRO $EURN $DHT $INSW $STNG $NAT $TNP $NMM
I can feel the generalists piling in 🚀
$FRO $EURN $DHT $INSW $STNG $NAT $TNP $NMM
https://twitter.com/JavierBlas/status/1509839526239297552
And although Zoltan goes into gory detail about tankers, his thesis extends to all seaborne commodities and the ships that transport them.
If he is right about additional bottlenecks, shipping rates across sectors will explode along with underlying ship asset values.
If he is right about additional bottlenecks, shipping rates across sectors will explode along with underlying ship asset values.
Ship values benefit when both the values of the commodities they transport and the steel they are made of increase.
Shipowning companies are levered long expressions of a high inflation macro thesis and could end up being the best performing real asset class this decade.
Shipowning companies are levered long expressions of a high inflation macro thesis and could end up being the best performing real asset class this decade.
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