Since it is my last trading week before xmas I wanted to update on my #portfolio performance both 12m trailing (~75%) and since inception (~2100%)…more $trmd $fro $nmm $stng $tnp $unfi $geo $asps next year
The price of shipping Russian clean products is up a LOT week over week... and no, it's not just the ice. I now have confirmation from several charterers that it's a combination of increased OFAC scrutiny AND increased volumes. map via Argus
“Wayfarer, rest a moment and look upon this tomb to your left: it contains the bones of a good man who was a shipping investor during a market rally in meme stonks.” $fro $stng $insw $oet $trmd
'Wayfarer, rest a moment and look upon this tomb to your left: it contains the bones of a good man who was merciful and a friend of the poor. I beg you, traveller, please do not spoil this monument. Gaius Ateilius Euhodus, freedman of Serranus, and pearl seller on the Via Sacra, rests inside. Farewell, traveller.'
Two days ago, Iran's Islamic Revolutionary Guard Corps (IRGC)-affiliated Tasnim News Agency published an article that the IRGC apprehended two vessels carrying 4.5 million liters (28,302 barrels) of fuel.
At these prices, smugglers have nothing but incentives to continue.