Thread by @OilCfd

My outlook for tankers in 2023, Spot TCE (daily earnings Eco non scrubber) average for the whole year. #tankers
VLCC: $39000😐
SUEZ: $34000🙂
AFRAS: $42000😍
LR2: $45000😍
MR: $26000 😒

VLCC: Once dust settles and new trade lanes become natural, we'll see more term liftings and less spot activity, keeping rates on a higher base but lower than the last few months.

SUEZ: With Libya and WAF at full production this should perform well and keep a balanced list elsewhere, with CPC paying a premium

AFRAMAX: Transatlantic trades and stronger intra Asian activity, Baltic displaced trades will leave some pockets of temporary higher demand in Mid East. My weapon of choice.

LR2: Those MRs from Russia to EU are gone, that trade will have to be served by LR1/2s sucking tonnage from Mid East and Asia. With the optionality to dirty up and chase the Afras market. Winner

MRs: Unless China starts pushing out diesel barrels, some 400 MRs that used to be in the Baltics will have to find employment elsewhere. USG-Latam could be the Holy Grail..

All this depends on what happens with crude pricing and how the conflict/sanctions evolve, and if finally China comes back at full speed. Not investment advic... yeah f**k it, go and load some Afras/LR2s