𝗢𝗶𝗹 𝗣𝗵𝘆𝘀𝗶𝗰𝗮𝗹: 𝗕𝗮𝗰𝗸 𝗼𝗻 𝘁𝗿𝗮𝗰𝗸? Atlantic: March loadings picking up pace on USGC, more cargos hitting EU a couple to China, with prompt North Sea grades seeing some local action and Asian demand. Brazil offers a weak start of the year

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.

so... you want to be a shipowner?
Ship finance 🧵 Banks’ greatest appetite is for Product Tankers.These vessels are expected to keep earning well in the mid term. There are terms for spot trading vessels at 60% LTV and margins above SOFR in the region of 3.75%; for lower leverage and long-term employment, margins can go to 2.70%

Black market thread:
The tricks used in #OIL trading with sanctioned countries and why it can be stopped. Sanctioned OIL trades with a massive discount to benchmarks. #OOTT 1. Going Dark
A common method to transport Iranian oil or North Korean coal with stealth is to turn off the AIS, an electronic device that pinpoints a ship’s location. Known as going dark, a vessel flicks the switch before berthing and typically reappears days later