freight sailor

Shipping Investor ⚓🌊

{Speaking my mind…occasionally}

[freight sailor @freight_sailor]

@Kpler @joeriwestland To add few more :

1. Vetting departments by oil majors will dismiss them ⛔️
2. EU sanctions are very much still in place, cannot call EU ports
3. Any EU trading entity or EU financier involved in the cargo execution chain won’t be able to approve such nominated performing vessel

[freight sailor @freight_sailor]

@ed_fin …and all that happened because of the CPI data release today ??!

[freight sailor @freight_sailor]

@PlJohan1 @joeriwestland @AyusoValue Would be interesting to see the price at which $INSW issues its new shares. I expect TOT will reject anything above $115 per share ~10% premium over NAV

$BRUT.OL holders can exchange older shares that traded at a discount for those trading at a premium

[freight sailor @freight_sailor]

@PlJohan1 @joeriwestland @AyusoValue I expect a certain % of the deal to be settled in shares

$INSW has strong incentive to use its shares as currency, since they trade at a premium and reduce the risk

Similarly, $BRUT.OL shareholders can join a larger diversified liquid platform and maintain their tanker exposure

[freight sailor @freight_sailor]

@joeriwestland @PlJohan1 @AyusoValue

[freight sailor @freight_sailor]

@AyusoValue @joeriwestland combination of cash and shares ?

[freight sailor @freight_sailor]

@ed_fin $SHIP has 7x Capes on order at approx ~$75mil/unit and market is now pricing them at $90mil...not bad !!

[freight sailor @freight_sailor]

@ed_fin 🫡

[freight sailor @freight_sailor]

@hbgtrader yes i meant DHT, sorry didn't make it clear.

INSW's half fleet is consisted of product tankers and particularly many MRs which they don't have the same earning capacity as VLs these days

[freight sailor @freight_sailor]

@hbgtrader @yymcommod I would had expected INSW to trade at a lower P/NAV multiple than DHT, since it has higher fwd div yield (%) and almost half the fleet is covered on period, giving secured FCF and visibility.

[freight sailor @freight_sailor]

@christankerfund "FT: G7 agrees to release 100mn barrels of diesel and crude under pressure from Trump"

That would actually be bearish for MRs ATL basket (short-term)

[freight sailor @freight_sailor]

@olaharaldmoen1 👌

[freight sailor @freight_sailor]

@Michael__Stroup @olaharaldmoen1 While P/NAV remains a key measure, tanker investors this year have set it aside to focus more on the fwd dividend yields and pay-out ratios.

$ECO has a proven commercial outperformance, with a projected (12-month) fwd dividend yield >25% fully justifying their share price 🤑

[freight sailor @freight_sailor]

@christankerfund Seems like plenty want to liquidate and the exit door is narrow

[freight sailor @freight_sailor]

@shippingupmore Front Empire also fully fixed @ $820k pd for 31days (AG to Thailand) 😎

$FRO

[freight sailor @freight_sailor]

@ed_fin Indeed, especially if we recall how skillfully their exit was from $SBLK, by selling to the company their last remaining shares

[freight sailor @freight_sailor]

@ed_fin word of advice for OCM:

they should go straight to $HAFN and ask them if they want their remaining 10% blocks of shares - no fees to JPM 😄

[freight sailor @freight_sailor]

@GardinerIsland @ed_fin I gully agree, am already Long and got the chance to sell at the opening some OCT Puts @ $30