Anything that has to do with shipping. Dry bulk FFA and Wet FFA. Commodities on the watchlist; Iron Ore, Coal, Ags, Crude. Not a Crypto Fan.
Nov 28, 2021 • 12 tweets • 5 min read
Time to discuss the ugly cousin of 2021.
The cheapest, most attractive risk/reward part of the freight world.
The best value that I see in the whole commodity spectrum(apols #uranium clan).
You might have already guessed it; it’s finally time to talk abt #tankers#OOTT 1/n
had to keep on producing, floating storage was the only solution leading to a majestic surge in freight rates. As lockdowns eased, floating storage was no longer needed, thus supply came back online while demand was nowhere near 2019 levels. Naturally the mkt collapsed. 3/n
Nov 10, 2021 • 11 tweets • 3 min read
Time to discuss Dry Bulk freight:
I am aware that the audience is predominantly naturally bullish, otherwise why follow closely a sector in the first place. Some of my views might seem overly conservative/cautious; happy to hear thoughts that will make me change my mind. 1/n
Signs of a big correction were there, from mid-September. The Capesize market overshot, and got to $85k/day on the back of positional tightness caused primarily but not solely by weather and the massive spread between Brazil/Pac round which incentivized staying in the Pac
2/n
