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vadim_plz Profile picture
vadim_plz
@VadimPlz
May 17, 2020 • 11 tweets • 3 min read
Ok, couple of thoughts on #tankers noise. Here we go:
Bullish thesis:
1) contango for longer. Obviously dead now, no if and but. Dead. If it reappears it'll be a whole new case, for a bunch of different reasons.
2) supply/demand. Nonsense. Supply is rising, demand is falling that's a reality. No matter how slow supply is rising when demand is peaked and then falling (secular!) this is a bad combination. Wanna proof? #drybulk. Ok, but how about scrapping?
3) first of all. You need rates to fall below OPEC for some