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More shipping → https://nitter.cf/t.co/vVOpw8ecoE inquiries: [email protected]

On the high seas
Joined July 2017
Photo by Ed Finley–Richardson (@ed_fin)Photo by Ed Finley–Richardson (@ed_fin)Photo by Ed Finley–Richardson (@ed_fin)Photo by Ed Finley–Richardson (@ed_fin)Photo by Ed Finley–Richardson (@ed_fin)Photo by Ed Finley–Richardson (@ed_fin)Photo by Ed Finley–Richardson (@ed_fin)Photo by Ed Finley–Richardson (@ed_fin)Photo by Ed Finley–Richardson (@ed_fin)Photo by Ed Finley–Richardson (@ed_fin)
1. Many people have DM’ed me about my Substack + the private X account since last night’s podcast. While the Substack = long-form articles, the private X account has proven incredibly important this week. e.g. Yesterday, I shared new VLCC fixtures most people aren’t seeing:
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You want to be light on tanker exposure on the possible eve of an attack on Iran?
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♦ 2009 built LR2 sold for $65M
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2012 Suezmax sold for $110M
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“Our commitment to returning value remains absolute. We operate under a capital allocation framework designed to translate market tailwinds directly into shareholder returns via quarterly cash dividends.” — Svein M. H. 🇳🇴
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“Greeks hold a similar share of the shipping orderbook as in 2008 (13% basis CGT, 2008: 11%), while Chinese interests have increased their share from 7% to 22%.”
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Ed Finley–Richardson retweeted
$HUNT Mercuria was seeking a retrospective suspension of the published TD3C index since March. Now they are only disputing from early March to July 03. What arguments do they now have for not paying full hire to Hunter for the period after July 03? Hint: None
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“An alternative scenario is also possible. The next several years could look like the last 3-4 months: The conflict remains unresolved, with intermittent attacks, continued sanctions, unsuccessful negotiations and temporary arrangements to keep the oil moving.”
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2023 built MR T/C out for 5 years at $24,000/day
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Interrogating Atlantic MR reality:
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When you’re loaded up w/ tankers
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Happy Monday ☀️
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2025 LR2 sold to NOC for $120M
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🇻🇪 VZ crude oil exports are growing.
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That ship has sailed ⛵
Iran has offered to reopen the Strait of Hormuz if the United States lifts its blockade on Iranian ports, according to Saudi broadcaster Al Arabiya, citing its own sources. Tehran passed the proposal to Washington through Pakistan.
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Have a good weekend! 🚬🇬🇷
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Offshore shitco “investors” today (had to)
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♦ Suezmax fixed PADD 3/Japan $39M
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“Current bookings imply $DHT Q4 EBITDA 88% above consensus.” — Kristoffer Barth Skeie, Arctic.
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