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On the high seas
Joined July 2017
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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:
“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. 🇳🇴
“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%.”
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
“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.”














